Score went down with baddies removed?

[anik28]

hello all,

I had a big huge charge off account removed from my credit. I was expecting my score to rebound but it actually went down quite a bit. I'm really surprised. It's disheartening to put work into rebuilding but your score goes the opposite direction.

any suggestions? Or just time to wait it out

[TheKid2]

The only downside should have been that you lose the aging factor of the account - for istance, you removed one of your older accounts impacting AAoA. Not having any other details about your profile it is extremely hard to guess.

[Girlzilla88]

I agree likely you messed with the age but if that was the only cause your score will pop up quickly!    So don't worry you are heading in the right direction! 

[anik28]

I think it has to do with the age - it was the probably the oldest account on my report. Most of my good credit is within the last 2-3 year's. I have a goal that 12 months from now I'll be 100 points higher than where I am at now score wise, time is probably the key player here along with not applying for any new credit for 12 months or more.

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@Girlzilla88 wrote:

I agree likely you messed with the age but if that was the only cause your score will pop up quickly!    So don't worry you are heading in the right direction! 

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[Anonymous]

Was it your only derogatory? If so it came from scorecard reassignment.

[Anonymous]

Either that or it was not regularly updating and it had been a while so the TPOD (total period of delinquency) catch up penalty got ya and outweighed the utilization benefit.

Read this post 2 mainly:

https://ficoforums.myfico.com/t5/Understanding-FICO-Scoring/General-Scoring-Primer-and-Version-8-Mas...