Negative removal nets decreased credit score

[Tiersha]

How come when negative credit is removed, it decreases the score?  I had 3 months of late payments on 2 cards back in 2018.  They have been dropping off.  That being said, why does my score go down each time something drops off?  These are my only negative marks.

[FireMedic1]

If the older ones are dropping off. The remaining ones are newer to FICO.

[Tiersha]

Well hell would April hurry up then.  I have 1 30 day late left And if it drops like the rest then April will be it.

[donkort]

If you have one 30-day late, and it's the only derogatory item, and it drops off, you will experience an increase in your FICO score.

[SouthJamaica]

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@Tiersha wrote:

How come when negative credit is removed, it decreases the score?  I had 3 months of late payments on 2 cards back in 2018.  They have been dropping off.  That being said, why does my score go down each time something drops off?  These are my only negative marks.

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The removal of negative items does not decrease your score.

[Tiersha]

Oh but it does.  No activity  other than a charge off being removed...bam lower score.  Every negative thing that has ever dropped off my credit report has resulted in a lower score...every single one.

This happens every time before credit balances are reported from my lenders...indicating that is the only activity.  This has been this way for awhile.  I am down to 1 left out of late payments, the charge off was a few yrs ago now.  You cannot convince me that something else was going on as I see the activity and these are very defined period of time of the month when these happen, when there is no activity.  I can also show the messages from myfico where it states, oops neagtive removed and score decreased, all in one message.

[SouthJamaica]

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@Tiersha wrote:

Oh but it does.  No activity  other than a charge off being removed...bam lower score.  Every negative thing that has ever dropped off my credit report has resulted in a lower score...every single one.

This happens every time before credit balances are reported from my lenders...indicating that is the only activity.  This has been this way for awhile.  I am down to 1 left out of late payments, the charge off was a few yrs ago now.  You cannot convince me that something else was going on as I see the activity and these are very defined period of time of the month when these happen, when there is no activity.  I can also show the messages from myfico where it states, oops neagtive removed and score decreased, all in one message.

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MyFICO alerts don't provide reasons for a score change. There are certain events which trigger MyFICO alerts. If there happens to be any difference between your present score at that particular bureau and the previous score reported to you from that bureau, the score change is tacked on to the alert. There is not necessarily any connection at all between the score change and the alert substance.

MyFICO explains this as follows:


Why did my score go up when I got an alert for something negative (or why did my score go down when I got an alert for something positive)?

The short answer: Your FICO® Score may change because of other events not monitored by an alert.

Whenever we send you a credit alert, we also send an updated FICO Score. To ensure you get the most current score, we calculate it based on your entire credit report at that point in time—not just the new information on the alert. This means your new score may reflect other changes that are outside of the things we watch for (see everything we monitor).

Sometimes you may see your score increase when you think it should’ve decreased, and vice-versa, but you’ll always have your most up-to-date and accurate score.
https://support.myfico.com/hc/en-us/articles/360038084633

[Tiersha]

Thanks...this makes a little sense, still doesn't explain a drop during a non reporting time of lenders/cc but oh well.  There is also this that I have found.

Due to inconsistencies, maybe a revamp of this system should take place.  The credit game is so overly complicated.  

Why did my credit score drop after collection account removed?

The most common reasons credit scores drop after paying off debt are a decrease in the average age of your accounts, a change in the types of credit you have, or an increase in your overall utilization. It's important to note, however, that credit score drops from paying off debt are usually temporary.

[Thomas_Thumb]

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@Tiersha wrote:

Well hell would April hurry up then.  I have 1 30 day late left And if it drops like the rest then April will be it.

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When the last 30 day late falls off, you are likely to see a 20 to 30 point gain. Are the lates dropping off 2 years early on all CRAs?

[donkort]

If you also reduce your overall utilization to below 30%, below 9%, below 3%, your score will rise even more dramatically.