89 point increase in my Experian Report?

[Xerisca]

it's reporting on all three all ready and has for quite a while (3 years). I didn't realize I even owed a bill until after it was sent to collections and it showed up on my credit report. I'm working on getting it sorted with a paper trail. I really don't think the hospital ever billed me on it in the first place. It's not in my online medical records/billing anywhere. I think I have a good chance of getting it removed entirely. Regardless, I'll get it handled one way or another.    

[Anonymous]

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@Xerisca wrote:

it's reporting on all three all ready and has for quite a while (3 years).

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Something doesn't sound right.  A collection present should severely impact F8 scores the same way a 90D late would.  So, your 90D late falling off shouldn't result in a 89 point Fico score increase if there's still a collection being seen by the algorithm.  If it was a small collection (under $100) and we were talking F9 I believe it would be a different story, but not with F8.  Maybe someone else has an idea of what can be going on.

[Xerisca]

My scores are:

On My FICO (Score 8)
EQ: 727 - showing the collection and the 90 day

TU: 690 - showing the collection and the 90 day late
EX: 722 -showing the collection and the 90 day late  (showing as 810 on the Experian site for Score 8. The collection is still there. It's for $1200. I'm going to see if the hospital will recall it since I believe I can prove they never billed me before sending it to collections. I'm happy to pay it, I just want it off my report.) 

The EX was the one that jumped last night, it's showing no lates now. It's not showing in MyFICO yet, only on the Experian site. 

[Anonymous]

Right you said it's showing no lates, but the collection is still present you said correct?

[Remedios]

8 ignores all collections under $100.

9 ignores all paid collections, and assess less severe penalties for medical collections.

If collection is under $100.00, it's excluded from scoring penalty.

If it's over $100.00, you have a scoring miracle 

[Remedios]

810 and a collection...I'm taking a screenshot.

Ain't no one going to believe that later when it's mentioned 😂

Congrats OP. You should look into EE for TU, it's super easy.

EQ, don't touch that one, they can and will mess it up. 

[Anonymous]

@Xerisca I am honestly floored you have a CA and for $1200 (!) and you managed to break 800! That is a scoring miracle! A CA puts you on a PR scorecard and I never thought 810 would the cap for that one! Honestly it is hard to break 700 with a CA over $100

[Anonymous]

I don't think it's a scoring miracle, I think it's a scoring impossibility.  I'm not sure we've ever seen a F8 score above maybe 770 with a >$100 collection present.  If we have, someone please correct me.  And, if we have, I'd imagine that ~770 record was barely broken.  Certainly no one is going to crush it with a 810 score... so all I can say is that something is a miss here.  If the collection is indeed $1200 and present, there's got to be some glitch or something that isn't allowing the algorithm to see it and assign the proper scorecard.

OP, do you have access to your negative reason codes?  My guess is that there is no reason code pointing to the collection, meaning that the algorithm (for whatever reason) isn't considering it.

Just to humor the discussion, can you provide us with the rest of your profile data... age of accounts factors, inquiries present (6 months gardening was referenced, indicative of 7+ month old new accounts) current overall utilization / number of revolvers with balances, current installment loan utilization, total number of accounts (open and closed) on your CR?

[Xerisca]

Ok, I'm losing my marbles. I guess it's not reporting the collection, although I'd swear up and down this morning it was. I'll call the hospital back first thing tomorrow and see if they'll pull the debt back from the collection agency if I agree to pay it off in full tomorrow. I was going to wait until after the holidays to do that, but I think I'll just handle it now rather than take my chances on losing that 810. And hopefully doing so will boost my other two scores too. 

[Anonymous]

* Confirmation above that the collection was not part of the 810 score.