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Deleted collections causing score decrease

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New Visitor

Re: Deleted collections causing score decrease

Another question... when you say “max penalty” is it for ALL medical collections or those of certain amounts? Mine range anywhere from $111 to $800. Does it make a difference if the bigger ones were to fall off from tenure (still unpaid)?
Message 11 of 16
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Member

Re: Deleted collections causing score decrease

I did a pay for delete and when it came off my score dropped. Also, I've had my score drop when other derogatory items have fallen off.
Message 12 of 16
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Moderator Emeritus

Re: Deleted collections causing score decrease


@coachbeau wrote:
I did a pay for delete and when it came off my score dropped. Also, I've had my score drop when other derogatory items have fallen off.

A collection is something that will banish one to the derogatory scorecards.

 

It's possible if there isn't much positive history, and say a 30D or 60D late or whatever on file (two different resulting scorecards), that because of the way the scorecards overlap it's possible to move down in points even if you're moving to a "cleaner" scorecard.

 

Will state though that if you have multiple collections, and one of them comes off, that will not result in a score drop.

 

The majority of times it's not rebucketing which causes a drop, it's something else that changes in the file but most people's files just aren't constant enough to really tease out every single change.




        
Message 13 of 16
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New Visitor

Re: Deleted collections causing score decrease

Thank you so much for your feedbackSmiley Happy
Message 14 of 16
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Regular Contributor

Re: Deleted collections causing score decrease

This happened to me today.  I'm not new at this.  I looked at every line item and the only change was a medical collection was deleted.  My score dropped 28 points in the past 7 days.  WTH?

MyFico's:
June 09: TU 591, EQ 526, EX 576
June 10: TU 647 EQ 643, EX 661
March 12: TU 700 EQ 700
Message 15 of 16
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Senior Contributor

Re: Deleted collections causing score decrease

@bassethoundmom Was your only collection? A lot can happen in seven days. What version? Source?

+1 to what Rev said.










(Forgive typos, mobile.)(Everything said is Just IMHO.)
Scores updated DEC'19.

In order to better answer your questions and record your DPs, please provide your profile stats: Any baddies? (clean/dirty), Number of accounts open and closed on CRs (thick/thin), AoOA? (aged/nonaged), AoYR-Age of Youngest Revolver (new accounts/no new accounts)? Open/closed loan on CR?
For example, mine is clean/thick/aged/new accounts, with open loan on record.
If you don't know where you fall, just list whether you have any baddies, your number of open and closed accounts, AoOA, AoYR and whether you have a loan on record.
For utilization questions, list individual and aggregate utilizations, revolving and installment. please.
Message 16 of 16
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