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Collections question

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LittleCat
Contributor

Collections question

When does a collection account start to not hit as hard on the fico score as it does when it first goes on the report?
Message 1 of 3
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llecs
Moderator Emeritus

Re: Collections question

It gradually has less of an impact as time goes by. Some people here have seen 50-60 point hits with a new CA on their CR. Yet others have posted that they only gained 2-5 points, for example, once the CA dropped off their report after 5-7 yrs.
Message 2 of 3
Anonymous
Not applicable

Re: Collections question

it doesn't matter when the CA first shows on CR...they can remain for 7-7.5 years from DOFD only.
 
stops hurting as much in a few years
 
 


Message Edited by HappyDays on 12-15-2007 08:06 PM
Message 3 of 3
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