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8pt EQ Fico increase on collection

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Anonymous
Not applicable

8pt EQ Fico increase on collection

I never knew this could happen, but I paid a recent collection, so it's showing a zero balance, and received an 8 point increase. I thought I would only get an increase if it was totally removed. I am working with them to get this and a couple others removed, so this is good to know.

Message 1 of 3
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gdale6
Moderator Emeritus

Re: 8pt EQ Fico increase on collection


@Anonymous wrote:

I never knew this could happen, but I paid a recent collection, so it's showing a zero balance, and received an 8 point increase. I thought I would only get an increase if it was totally removed. I am working with them to get this and a couple others removed, so this is good to know.


You dont get Fico point increases for paying a collection (one that still remains on file), something else is responsible for the increase and the collection balance changing was just the trigger for the score update.

 

http://myfico.custhelp.com/app/answers/detail/a_id/463/kw/3-bureau%20monitoring/session/L3RpbWUvMTQxMjI5OTE5OC9zaWQvMWxBTVdVM20%3D

Message 2 of 3
Anonymous
Not applicable

Re: 8pt EQ Fico increase on collection

Thanks gdale
Message 3 of 3
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