Credit Advice

Have a question? Have advice to share? The combined knowledge and experience of everyone in the Credit Karma community can help you. Enter your question or help others below to get started!

Question

Posted in Credit Scores
Profile Image

Question By
TankWall

0 Contributions
0 People Helped
Credit score randomly dropped
I have been paying off collections accounts to get my score to a point where I can get a card to start rebuilding my credit. The first 2 I paid off jumped my score a bit and I saved up for a month and a half to pay the last one off. Now that it is paid off it is still cycling through the system to show as closed but my credit score dropped 29 points. Nothing else has changed. I have not acquired any new debt, been late on payments, or had any other changes to my account.

Any idea why this would randomly drop like that?

Your Credit Scores Should Be Free. And Now They Are.

View your scores and reports anytime.

SIGN UP NOW
All Responses

Result 1-1 of 1Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next
Top Contributor
5038 Contributions
1131 People Helped

When you paid the collection it updated and if it hasn't update in a while it would cause a score decrease. Time will take care of it. Do some reading on how to write a good "Goodwill Letter" to send to the collection companies that you've paid asking them to remove the negative account.

Result 1-1 of 1Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next

Your Credit Scores Should Be Free. And Now They Are.

View your scores and reports anytime.

SIGN UP NOW

Reply to this Question

Write your response:
Enter Your Comments

The Credit Advice pages of the Site may contain messages submitted by users over whom Credit Karma has no control. Credit Karma cannot guarantee the accuracy, integrity or quality of any such messages. Some users may post messages that are misleading, untrue or offensive. You must bear all risk associated with your use of the Credit Advice pages and should not rely on messages in making (or refraining from making) any specific financial or other decisions.