Charge off deleted but score dropped

[Anonymous]

I guess I have a weird situation. I have a charge off and it was deleted off my Transunion account but my score went down 18 points. My mortgage score went up though. Is this normal? I thought scores would go up if it was deleted. I'm kind of afraid for it to be removed from Equifax and Experian now. I don't have a thin file. My oldest account is 15 years. I'm not sure the average age of the Transunion account. My utilization is kinda high but I'm working on that but It didn't go up so that shouldn't have effected it. The only change was the charge off being deleted. Does anyone know why this happened and what I can do to fix it? 

[Anonymous]

---

@Anonymous wrote:

I guess I have a weird situation. I have a charge off and it was deleted off my Transunion account but my score went down 18 points. My mortgage score went up though. Is this normal? I thought scores would go up if it was deleted. I'm kind of afraid for it to be removed from Equifax and Experian now. I don't have a thin file. My oldest account is 15 years. I'm not sure the average age of the Transunion account. My utilization is kinda high but I'm working on that but It didn't go up so that shouldn't have effected it. The only change was the charge off being deleted. Does anyone know why this happened and what I can do to fix it? 

---

Was this your only derog on your CR? 

[Anonymous]

I have a couple late payments from almost 7 years ago that are going to drop off soon. Other than that, that's the only negative thing on my credit. I pay for myfico and watch it like a hawk. I pay everything on time. I pulled my report on annualcreditreport just to double check to make sure myfico wasn't missing anything and it's all the same. 

[Crysis]

how long ago was the charge off from? My initial reaction is maybe it messed with average age of accounts.  

did your account mix change?  Maybe this was an installment loan and you were dinged for not having something in that category?

you said util is high.  I'm assuming it's been high rather than it increased...

these are the ideas I have

[Anonymous]

It was opened in 2010 so yeah its older but not my oldest account. It's Verizon charge off from a bill they said we owed but we didn't and I refused to pay it because they couldn't show where we owed it. Utilization is the same... High but I'm working on getting it lower. It wasn't an installment loan or a credit card... Just a phone bill. I didn't even have a phone financed on it... I don't think they did that back then. I was thinking it messed with account age but would that really make my score drop 18 points if it did? But then... Why would that be counted in the account age since it's a negative account?

Edited to add.. It was charged off in 2014

[Crysis]

No further ideas, sorry.  

didn't want you to think I just didn't see or didn't care enough to respond though.  

Hopefully whatever it is rebounds soon

[Anonymous]

---

@Anonymous wrote:Why would that be counted in the account age since it's a negative account?

---

All accounts on your credit report are factored into age of accounts equally, whether they are positive/negative, open/closed, etc.

You mentioned earlier that you had late payments on your CR.  What was the severity of those late payments?  If even one of them was 90+ days, in terms of negative item severity your removed CO was equal.  That being the case, the deletion of 1 negative item when you have 1 or more of equal severity left behind can often cause no score gain at all.  If your worst severity late payment was only 30-60 days, deleting the CO should have resulted in some score improvement.

[Anonymous]

I have 2 late payments 30 days late almost 7 years ago. They should fall off soon. 

[Anonymous]

Your 30 day lates do not place you in a dirty card, your chargeoff did. When the chargeoff was deleted your scorecard changed from a delinquency scorecard to clean scorecard. That is what caused the score drop.

Think of it as it going from the top one ladder to the bottom of another. You’re now being compared to a different sub population. With time your scores will improve.

[Anonymous]

As a matter of fact please list your before and after negative Reason Factors and that should confirm it.