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When does myfico update info on an open colleciton

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Anonymous
Not applicable

When does myfico update info on an open colleciton

A old collection form Cingular 11 (2010) just suddenly appeared on my credit  as an open collection. This was a mistake made when alltel and att merged I ended up paying it off in 2010 and that was the last of it. I kept tabs on my credit report and suddenly in February (2015)this popped up I filed a claim with TU and according to my TU report and investigation the open collection was closed as of 4/11/2015. I was wondering when MyFico will update the information ? Do i need to order a new credit report to get an accurate reading? I really thought the  Alert would pick this change up. 

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2 REPLIES 2
Anonymous
Not applicable

Re: When does myfico update info on an open colleciton

A change in collection status or even a new collection won't trigger an alert/score change.  An update to an existing account will trigger the new score.

 

Example:  In January, I had 2 collections come off via early exclusion.  Fico showed the change in score when my capital one card updated.  It showed +42 points for a $20 trade line balance change.

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takeshi74
Senior Contributor

Re: When does myfico update info on an open colleciton

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