Whiel dergos tend to have a major impact and can hold ones scores down as long as they are reporting one should always very carefully research before taking action as it is possible to make matters worse as the OP has experienced. Paying a collection generally does not provide much, if any benefit. Ideally a pay-for-delete is the goal as that removed the derog from reports. Hit the Rebuilding subforum and see if anything can be done at this point.
@Anonymous wrote:
A paid collection just posted to my report TU and EQ......no change to EX but that score dropped 40 points....... I also signed up for smartcredit.com which gives Vantage score and my TU went up 80 points lastnite with the collection on it...... I'm so confused!
For any scoring change one has to pull reports from before and after the change and review to determine the cause(s). Also, one cannot use a score generated by one model to determine a score generated by another model. One should expect the different algorithms to produce different results. It's entirely possible for two different models to trend differently. VantageScore isn't relevant unless you know you have a creditor that uses that model.
