Just realized my credit score jumped 42 points after paying off one collections account

I had a $1,200 medical bill from 2019 that I just cleared last month, and my FICO went from 589 to 631. Turns out that one old debt was dragging me down more than the newer stuff I was focusing on. Has anyone else seen a big swing like that from removing just one negative item?

3 comments

3 Comments

emma_baker613d ago

My 589 to 631 jump happened too when I paid off a $1,200 medical bill from 2019. It made me wonder if I should tackle my other old debts one at a time instead of trying to do everything at once.

colethomas3d ago

Ha, my score jumped 30 points just from remembering to pay my phone bill on time once.

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wren_mitchell3d ago

That 30 point jump must have felt good. It's wild how something that simple can make such a difference to the number. Have you noticed any other quick wins helping your score lately?