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GettinOnTrack8989

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Credit Score dropped after paying on charged off account?
I have an old electricity bill that was listed as charged off on my credit report. I went ahead and started paying down the amount ($332 to start) last month and made a payment of $100, so the new balance is $232. It was reported to the credit agencies and my EQUIFAX score dropped by 9 points. Does anyone have any information on why this would happen?

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The payment made the account update, updates look like new negative info to scoring systems.

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