PLEASE CAN SOMEONE ADVISE CREDIT SCORE FORMULA

[senseidab]

I recently has an EXPERIAN 655   I get a  instant  increase 2500 on a store card.   I have a 3 month old Chase  Credit CARD  in which I max out at 8000.00 and pay down to zero balance .   A 1200.00 ACCOUNT TO ZERO   I have the only remaing collection account and judgment   TIME  out and my score goes up a woppimg +1 to 656 according to experian fico 8 and my fico 8 score     How is this possible?   TY and Happy Holidays    DB

[takeshi74]

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@senseidab wrote:

I have the only remaing collection account and judgment

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This is what's keeping your scores down.

See also http://www.myfico.com/crediteducation/whatsinyourscore.aspx as well as the Understanding FICO Scoring subforum.

Additionally, have all these changes actually reported?  Have you pulled your reports to ensure that they reflect the changes that you mention and that there isn't anything else at play?

[ddemari]

when I had a  collection on my reports from midland credit management  it held my scores down by 40-70 points across the 3 CRA's.