Credit score drop when deleting bad items

[Anonymous]

I'm a little at a loss here, maybe someone can explain something to me.

A couple of months ago, I had a collection account reported to the credit agencies and my FICO scores dropped accordingly. This was done in error, and I very recently succeeded in getting it removed from my TranUnion file. I expected to see a raise in my credit score when this happened. What actually happened is that my TransUnion FICO dropped by 11 points. The matter is complicated by the fact that a lender I used to be working with pulled my credit report about 1 month ago, and I was told that the pull started counting towards calculating my credit score 30 days later. You guessed it, this pull started counting on the exact day the collection was removed from my report. Even so, I find it hard to imagine that an additional inquiry would have such a negative effect on my credit that it would offset any gains from having the collection removed. Am I missing something here? I'm accepting any and all advice at this point.

[BungalowMo]

Do you have any other Inq's within the last year??

[Anonymous]

Yes, I do have other inquiries. I wasn't sure how much of an impact they would have on my score changing from one day to the next. From 11/12/09 to 11/13/09, the only change to my credit report was the deletion of the collection account and the addition of the inquiry.

After I posted this I read in here about "rebasketing,' which is something I had never heard of until today. This may have happened to me, so I may have posted the above prematurely. If this is the case is there a standard amount of time that I would need to wait before I can expect to see my score go back up?

[Anonymous]

... or maybe I was talking about "rebucketing," my bad...

[BungalowMo]

---

@Anonymous wrote:

I'm a little at a loss here, maybe someone can explain something to me.

A couple of months ago, I had a collection account reported to the credit agencies and my FICO scores dropped accordingly. This was done in error, and I very recently succeeded in getting it removed from my TranUnion file. I expected to see a raise in my credit score when this happened. What actually happened is that my TransUnion FICO dropped by 11 points. The matter is complicated by the fact that a lender I used to be working with pulled my credit report about 1 month ago, and I was told that the pull started counting towards calculating my credit score 30 days later. You guessed it, this pull started counting on the exact day the collection was removed from my report. Even so, I find it hard to imagine that an additional inquiry would have such a negative effect on my credit that it would offset any gains from having the collection removed. Am I missing something here? I'm accepting any and all advice at this point.

---

What do you mean that that pull started counting towards calculating your score???

Fill in some info for me...

How many collections do you currently have on that report?

How many lates?  30?  60??  90??  etc

Did any accts just hit an annivarsary?  Like 1 year old?

How many inq do you have?

[Anonymous]

---

@BungalowMo wrote:

What do you mean that that pull started counting towards calculating your score???

When I called to find out about the drop, the CSR explained to me that an inquiry that I had on Oct 13th was not counting toward calculating my credit score. He said that it didn't start counting until Nov 13th (30 days later).

Fill in some info for me...

How many collections do you currently have on that report?

One medical collection that's two years old.

How many lates?  30?  60??  90??  etc

I have one 30 day late that occurred in Aug 2007.

Did any accts just hit an annivarsary?  Like 1 year old?

None. Other than a student loan account, my newest account was opened in Apr 2006.

How many inq do you have?

I currently have five inquiries on my report.

---