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Collection Account Deletions...How many points?!?

Established Member

Collection Account Deletions...How many points?!?

I have been watching this site closely and learning all the tricks of the trade to help with my rebuild. I have started the process of trying to clean up my old debt for myself and my husband. I have been able to get two pay for deletions so far. I was wondering once they are deleted off is there an average increase in points I can expect to see? Does it make a difference how much the balance was on the account? I am so excited to see how this plays out I am so ready for a new start!! Thanks for all your help!!
3 REPLIES
Established Member

Re: Collection Account Deletions...How many points?!?

I recently opened a dispute with TransUnion because a collection account (1 of 2) had been listed twice. I don't know how I never noticed after all this time, but whatever. Transunion came back and said it was a duplicate account and deleted it right away. My credit score only went up 1 point and I now only have 2 accounts in collections.

 

I can't tell you how many points yours will go up, but I believe it depends on how old the accounts are. For me, the account will drop off my credit report by the end of this year, so it's pretty old. I guess one point is that much closer to my goal, though, right?

581: 700
595: 800
760+: 850


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Message 2 of 4
Established Member

Re: Collection Account Deletions...How many points?!?

Any point helps I say! Mine are still fairly new and not set to drop off for about 4 years minimum so for me I think it was make a pretty significant difference. At least that's what I am hoping!!
Message 3 of 4
Community Leader
Legendary Contributor

Re: Collection Account Deletions...How many points?!?

FICO scoring places a consumer into a scoring category, or "scorecard," prior to scoring, with scorecards varying in their scoring based on comparison of consumers who meet some overall criteria.  They are also called scoring "buckets."

 

For payment history scoring, you remain under a less-favorable scorecard if you have remaining major derogs.

Thus, the scoring impact upon removal of one major derog, such as a collection, public record, 90+ late, or charge-off, depends as much upon what derogs remain as upon the removal of the derog.

Significant score increases are usually not obtained until the collection is the last major derog, and thus you are moved to a "clean" scorecard.

Message 4 of 4