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Collections Questions

New Member

Collections Questions

Hi, All,
 
I only recently discovered the forums and what a great help they are!!  Even though I am a detail oriented person, I'm going to try and make this as short as possible.  I currently have four collection/charge offs:
 
Gas - Opened 7/2003, Reported 5/2005, Paid Charge Off (reported by EQ and EX)
Electric - Reported 5/2005, Paid Collection (reported by EQ)
CA for Apt Complex - Opened 9/2001, Reported 6/2002, Paid Collection (reported by TU)
CA for Book Club - Opened 11/2005, Reported 8/2006 (currently reported by TU)
 
A note on the book club - ONLY reported to EX; negotiated to have collection removed from file once paid.  It was removed from EX, but somehow, TU picked it up.  I've received a letter from the CA for the book club to send to TU.
 
My question is, when can I expect the collections to fall off my reports?  Will it be 7 yrs from the date opened or reported?  Will my score increase once they come off?
 
Current FAKO scores:
 
660 - TU
685 - EX
662 - EQ (FICO Score 654)
 
Thanks in advance for any and all help.
 
 
2 REPLIES
Moderator Emeritus

Re: Collections Questions



GettingBetter79 wrote:
Hi, All,
 
I only recently discovered the forums and what a great help they are!!  Even though I am a detail oriented person, I'm going to try and make this as short as possible.  I currently have four collection/charge offs:
 
Gas - Opened 7/2003, Reported 5/2005, Paid Charge Off (reported by EQ and EX)
Electric - Reported 5/2005, Paid Collection (reported by EQ)
CA for Apt Complex - Opened 9/2001, Reported 6/2002, Paid Collection (reported by TU)
CA for Book Club - Opened 11/2005, Reported 8/2006 (currently reported by TU)
 
A note on the book club - ONLY reported to EX; negotiated to have collection removed from file once paid.  It was removed from EX, but somehow, TU picked it up.  I've received a letter from the CA for the book club to send to TU.
 
My question is, when can I expect the collections to fall off my reports?  Will it be 7 yrs from the date opened or reported?  Will my score increase once they come off?
 
Current FAKO scores:
 
660 - TU
685 - EX
662 - EQ (FICO Score 654)
 
Thanks in advance for any and all help.
 
 



 7-7.5 year from DOFD or DOFA  call the CRAs and ask when drop off is.
 
Send GW letters to all. They can only say no
Moderator Emeritus

Re: Collections Questions