Do collections under $100 impact score?

[Anonymous]

I have a collection (paid) that is less than $100 on my EQ. CA has agreed to delete it. Will this impact score or are such collections negligible?

[Anonymous]

Is that your only collection? 

[Anonymous]

TU: 0 collections

EX: one $35 collection (the one that I referenced). CA has agreed to delete

EQ: same $35 collection. Also a $265 paid medical collection that I'm trying to delete

Current MYFICO 8 scores: 

TU: 740

EX: 752

EQ: 693

[Anonymous]

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@Anonymous wrote:

I have a collection (paid) that is less than $100 on my EQ. CA has agreed to delete it. Will this impact score or are such collections negligible?

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My understanding is that any time a derog goes on your CR, it counts, no matter what the amount.  It just counts that it occurred.  So a 35 CA counts as much as a 1k CA.

I would look for a small increase in scores when it drops.

hth

[Anonymous]

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@Anonymous wrote:

I have a collection (paid) that is less than $100 on my EQ. CA has agreed to delete it. Will this impact score or are such collections negligible?

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Collections under $100 appear on your credit report but I don't believe they affect FICO scoring

[gdale6]

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@AhmedInVA wrote:

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@Anonymous wrote:

I have a collection (paid) that is less than $100 on my EQ. CA has agreed to delete it. Will this impact score or are such collections negligible?

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Collections under $100 appear on your credit report but I don't believe they affect FICO scoring

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In Fico 8 yes this would be correct.

[Anonymous]

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@AhmedInVA wrote:

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@Anonymous wrote:

I have a collection (paid) that is less than $100 on my EQ. CA has agreed to delete it. Will this impact score or are such collections negligible?

---

Collections under $100 appear on your credit report but I don't believe they affect FICO scoring

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Is the threshold exactly 100, so that 99 wouldnt count but higher than 100 would?

Just trying to understand it.

thanks