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Collection Account????

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Anonymous
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Collection Account????

If i have a collection account still owned and being reported by the originial creditor that i paid off over 1 week ago to a $0 balance (and this is only being reported on 1 credit file which is equifax) and i looked at my equifax report (not the one through my fico) and i can see that the balance has been updated to $0 why haven't i recieved a score watch alert from my fico telling me about the change as well to this account? Shouldn't my fico equifax report automatically recieve the update as well?

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JoeBJay20
Established Contributor

Re: Collection Account????

ScoreWatch only sends updates when your score changes.  If you haven't done so already, make sure you set your target score to your current score.  It's a bit counterintuitive, but this is the best way to make sure that every score change results in an alert being sent.  The system is also a little slow, so it can take a couple days after the change for ScoreWatch to send an alert.  However, it is possible that the account didn't change your score at all.  Unless it was a CC account that was factoring into your utilization, paying collection accounts usually do not affect your score.  Paid collections and unpaid collections are scored the same, the damage was done as a result of the account being delinquent.  If there was a CA listing also associated with this account, it should be deleted since you paid the OC directly and the OC still owned the account.  DV the CA if this applies.

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