Posts: 3
Registered: ‎03-23-2011

Minimum collection amount allowed to be reported...

Does anyone know if there is a minimum amount that can be reported to the credit agencies? I currently just ran a credit report and found out that i have 2 accounts reporting as collections, one for $5 and one for $15. Any help would really be appreciated!

Moderator Emeritus
Posts: 32,869
Registered: ‎08-04-2007

Re: Minimum collection amount allowed to be reported...

Wow...That's the lowest I've seen. And unfortunately the balance doesn't matter per FICO. It could be $10k more and the score would have taken the same hit. And unfortunately, there's no minimum.


I'd send both a DV letter. Maybe they'd realize how silly it is to report $15 and $5 and delete.

Mega Contributor
Posts: 19,844
Registered: ‎03-19-2007

Re: Minimum collection amount allowed to be reported...

Per their credit reportingmanual. it is $1.

Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.