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Score dropped 20 points after collection was deleted

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Anonymous
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Score dropped 20 points after collection was deleted

I had a paid collection showing unpaid for the past 8 months, after speaking with Collection Co. numerous times,  they actually deleted the collection from my credit report.

I was so happy and thought my score would go up a few points. Instead dropped about 20 points and nothing else negative was reported on my credit report.

Message 1 of 5
4 REPLIES 4
laz98
Senior Contributor

Re: Score dropped 20 points after collection was deleted

was it the oldest account on your reports?  sometimes losing the history hurts you more than the negative account was.

Message 2 of 5
Anonymous
Not applicable

Re: Score dropped 20 points after collection was deleted

 


@laz98 wrote:

was it the oldest account on your reports?  sometimes losing the history hurts you more than the negative account was.


 

This comes up many different times and I am not sure what the reason would be for the drop in score.

 

Reason being a collection from what others say is not counted to your history. So being oldest account or newest account shouldn't play a factor. 

 

IMO you no longer have the negative and in time will help your scores grow.

 

Go celebrate you are rid of the collection.

Message 3 of 5
AndySoCal
Senior Contributor

Re: Score dropped 20 points after collection was deleted

Did the reasons helping and hurting your score change? Either a new one or the order of  the existing reasons.

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Message 4 of 5
Anonymous
Not applicable

Re: Score dropped 20 points after collection was deleted

It was from 2008, when I had most problems, but that reminds me, I may have lost some old good history accounts. I need to check on that. Thanks

Message 5 of 5
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