I had one deleted that was 5 years old and it did nothing for the score
I hope others chime in. I have four 5 1/2 - 6 year old collections too....
If the collection is reporting correctly it should not be counting toward history. If it is not reporting correctly and you get it removed you will lose the history on that account which could cause your score to lower.
But again, it is your only negative so you may see an increase.
It really depends on how it is reported.
Thanks so much for the advice everyone. I'll try it. I already sent in a letter to the collection agency offering a pay for delete. I don't see any reason why they wouldn't accept it as it's going to fall off next year anyway. I hope it causes a jump in the credit score. I'll post if it does/doesn't after it comes off.
I have read in various forums some people saying a collection that old coming off didn't add on any points. And others said it did cause a bump up so I'm curious how it works out.
Just out of curiosity, how much were the collections you paid off? Where they big? Mine is only around $100. Not sure if that makes a difference.
My question is on the date of the debt. What are you basing it on, for purposes of credit scoring?
What is the actual DOFD on your account with the original creditor?
CA accounts drop, not based on any activity with them, but only upon the date of your 30-day delinquency with the original creditor which led up to the collection account.