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New Member
UpUpAway
Posts: 3
Registered: ‎07-11-2012
0

Old Collection Affecting Credit Score

Hi All,

 

I am just curious. I had an account go into collections in July of 2006. I am now working on increasing my credit score and when I received myfico score on of the negatives listed was that which went into collection. 

 

I was completely unaware of the 32 dollar bill that went into collections and immediately paid it when I found out about it. Probably sometime in 2008-2009.  

 

My question is this, how long will this affect my score and by how much? 

Mega Contributor
RobertEG
Posts: 17,736
Registered: ‎03-19-2007
0

Re: Old Collection Affecting Credit Score

The date it was placed for collection, reported to your CR, or paid does not control its CR exclusion.

CR exclusion is based only on the DOFD on the OC account.

What was the DOFD with the OC?

 

New Member
UpUpAway
Posts: 3
Registered: ‎07-11-2012
0

Re: Old Collection Affecting Credit Score

To be completely honest im not sure. The only date I can find when it was forwarded on to the Collection Agency. What are the different scenarios based on the DOFD relating to collections and the OC account?

 

Thanks for your help!

Valued Member
hippychic823
Posts: 117
Registered: ‎01-05-2012
0

Re: Old Collection Affecting Credit Score

Would it fall off account 7 yrs after DOFD with OC or 7 yrs after DOFD with CA? This is where I get confused about collections and when they're due to "fall off" the CR....
Valued Contributor
rootpooty
Posts: 1,772
Registered: ‎10-28-2011
0

Re: Old Collection Affecting Credit Score


hippychic823 wrote:
Would it fall off account 7 yrs after DOFD with OC or 7 yrs after DOFD with CA? This is where I get confused about collections and when they're due to "fall off" the CR....

7 yrs after DOFD with oc. it cant be 7 yrs after DOFD with ca or else they would be selling them left and right and resetting the clock lol

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LIGHTNIN
Posts: 4,081
Registered: ‎03-24-2008
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Re: Old Collection Affecting Credit Score

CA's can stay on a CR up to 7.5 yrs. Beginning with the DoFD, from the account with the OC.

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