Are Collections scored along with other major derogs?

[natecooper75]

I'm hoping to get my only collection to go away with a PIF/GW combo. The problem is on other accounts, I have some 90+ Day late payments that I have yet to try to GW since I'm still paying on the account. My question is, if the GW for the collection works, will I potentially see a score increase since I will have no collections but still have major derogs on my report?

The most recent 90+ Late is just over 2 years old.

[p-]

Short answer - any improvement is good.  Long answer;

A very similar question was asked and answered in this thread:

http://ficoforums.myfico.com/t5/Rebuilding-Your-Credit/How-much-is-this-affecting-my-current-score/m...

You should take a look.

[DaBears]

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@natecooper75 wrote:

I'm hoping to get my only collection to go away with a PIF/GW combo. The problem is on other accounts, I have some 90+ Day late payments that I have yet to try to GW since I'm still paying on the account. My question is, if the GW for the collection works, will I potentially see a score increase since I will have no collections but still have major derogs on my report?

The most recent 90+ Late is just over 2 years old.

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CA's are not allowed to report or list any late payments. Where did you pull your report from?

DaBears

[natecooper75]

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@DaBears wrote:

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@natecooper75 wrote:

I'm hoping to get my only collection to go away with a PIF/GW combo. The problem is on other accounts, I have some 90+ Day late payments that I have yet to try to GW since I'm still paying on the account. My question is, if the GW for the collection works, will I potentially see a score increase since I will have no collections but still have major derogs on my report?

The most recent 90+ Late is just over 2 years old.

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CA's are not allowed to report or list any late payments. Where did you pull your report from?

DaBears

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The collection account isn't reporting the late payments. The late payments are on a different account on my credit report. I was basically referring to my credit report as a whole and not by the parts that make it up if that makes any sense. Sorry if that was a little confusing.

[p-]

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DaBears wrote:...CA's are not allowed to report or list any late payments...

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I think the OP meant lates were on other accounts, and is curious whether the score will be stuck at rock bottom from the lates, even if the CA is removed.

[natecooper75]

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@p- wrote:

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DaBears wrote:...CA's are not allowed to report or list any late payments...

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I think the OP meant lates were on other accounts, and is curious whether the score will be stuck at rock bottom from the lates, even if the CA is removed.

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Yes. You wording seems sounds so much better than mine.

[DaBears]

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@natecooper75 wrote:

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@p- wrote:

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DaBears wrote:...CA's are not allowed to report or list any late payments...

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I think the OP meant lates were on other accounts, and is curious whether the score will be stuck at rock bottom from the lates, even if the CA is removed.

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Yes. You wording seems sounds so much better than mine.

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lol, ok makes sense now. 30-60 day lates only affect your scores for 2 yrs and will lose their sting over time. 90-120+ days late will hurt your score for the entire 7 yrs until they are removed.