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Why would credit score go down

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dannystark



Joined: 02 Oct 2008
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Posts: 2



101 Magic Points

Subject: Why would credit score go down
 
Posted on Thu Oct 02, 2008 2:30 pm  

I had some old collections that had been paid,removed from my credit report.my credit score was 615 but dropped to 576 after these negative items where removed.I expected my score to go up ,why would it go down?
fireyone



Joined: 26 Feb 2008
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Posts: 4246



123 Magic Points

 
Posted on Thu Oct 02, 2008 11:07 pm  

WOW I am not sure. Especially if they were totally removed from your report. Are you sure they were removed ? I will let someone else take a stab at this because I just can't see why it didn't go up.
1002543



Joined: 31 Aug 2008
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99 Magic Points

 
Posted on Thu Oct 02, 2008 11:32 pm  

http://www.creditmagic.org/report/removed-medicalbill.html
danny stark
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Posted on Fri Oct 03, 2008 7:47 pm  

Yes ,I looked at my credit report and score on line
fireyone



Joined: 26 Feb 2008
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123 Magic Points

 
Posted on Sun Oct 05, 2008 1:24 am  

tHATS GOOD. i HOPE YOU PRINTED A COPY OF YOUR REPORT
fireyone



Joined: 26 Feb 2008
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123 Magic Points

 
Posted on Sun Oct 05, 2008 1:26 am  

oops Sometimes this thing posts before I am ready. Please copy your report and keep it in a safe place. It is good to have it for a reference or keep track in case any creditor tries to change any dates on it. Hopefully you will see a rise in your score soon.
goodnatured



Joined: 03 Nov 2007
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Posts: 3931



450 Magic Points

 
Posted on Wed Oct 08, 2008 2:38 am  

Did some positive fall off as well? Are there inquiries on your report? There are many things that could have done this that may have nothing to do with the old debt.

Check out the inquiries, you can easily have these removed.
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fireyone



Joined: 26 Feb 2008
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123 Magic Points

 
Posted on Wed Oct 08, 2008 10:31 pm  

If you are talking about how to get your report it is free at www.annualcreditreport.com. Three free pulls a year. Other than that If you are talking about how to get inquires off your report...you can dispute them.
creditpro



Joined: 16 Oct 2008
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Posts: 21
Location: San Diego, CA


1254 Magic Points

Subject: Why credit scores go down.
 
Posted on Thu Oct 16, 2008 3:47 am  

What happened is that the scoring module which is the computer system that shoots out these credit scores was immune to these negative credit marks. So it was not even taking them into consideration since they have been paid and not to mention that they were old. You must understand that anything older than a year does not really get looked at by the scoring module. When you went in and removed these accounts it caused a minor wave and could have caused an upset with the scoring system. Removing old negative marks to increase credit scores is one of the biggest misconception here in the U.S. when it comes to the credit world.
Also, how many more bad marks do you have reporting vs. good positive tradelines????
If you would like to increase your credit scores fast and bring them back to the 600's perhaps the 700's you must go to www.AttractiveCreditSecrets.com
1002543



Joined: 31 Aug 2008
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Posts: 80



99 Magic Points

 
Posted on Thu Oct 16, 2008 1:05 pm  

I am no a pro or an expert.

Removing any negative information is extremly important if not scorewise than manual review wise. I do not think this a misconcept.

IMHO, your score dropped because you enterd different bucket or pool or different category of customers and score should recover pretty fast.

Good Luck.
fireyone



Joined: 26 Feb 2008
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123 Magic Points

 
Posted on Fri Oct 17, 2008 10:40 pm  

Seems like a good explanation.
goodnatured



Joined: 03 Nov 2007
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450 Magic Points

 
Posted on Mon Oct 20, 2008 2:26 pm  

I agree, I think your report has to have time to recover and reorganize if that makes sense, I think if you give it a little while that you will soon see the increase that you are anticipating. Let us know what happens.
_________________
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http://cashinpocket.synthasite.com/
for all the ways I make $$ online
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fireyone



Joined: 26 Feb 2008
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123 Magic Points

 
Posted on Mon Oct 20, 2008 4:03 pm  

I would try not to check it all the time. It won't effect your score but checking it all the time will just make you more anxious to see a change that needs time to take place.
goodnatured



Joined: 03 Nov 2007
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Posts: 3931



450 Magic Points

 
Posted on Wed Oct 22, 2008 1:52 am  

Yeah, you need to give yourself a break, give your report some time to change. Your mistakes did not happen overnight and neither will credit repair.
_________________
Goodnatured,
http://cashinpocket.synthasite.com/
for all the ways I make $$ online
http://www.crazymonkeygold.com/members/register.php?ref=fedupinpa
fireyone



Joined: 26 Feb 2008
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Posts: 4246



123 Magic Points

 
Posted on Wed Oct 22, 2008 4:17 pm  

Spoken like an expert. Its like falling to the bottom of a hill...you just have to get back up and start climbing again...you can not wish yourself to the top.

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