Quick Question!!

[Bostonguy]

Hello to everyone. I have been reading this site for a couple years now and  got back on track a year ago. I have paid off all outstanding accounts and have been paying my truck loan off with no lates in the last 17 months  with about a year left.. The best part of this or what Im most proud of is I havent worked in a year and a half and been able to accomplish this task.  In the last year I have raised my score from high 400s to currently   TransUnion 656    and Eq  629.

Ok so thats a intro to me.   Now my question is on Eq under the collections I have a account showing paid off but it says its hurting my score .. Any help would be great and Best of Luck to everyone.

[IOBA]

As I understand things, the collection may hurt your score for a few years, regardless if it's paid or not.

Each month that passes, each year that passes, the less of an impact on your FICO score it will have.

You can always send a Goodwill letter to the CA and ask them to remove it.  They may or may not.

Good job! 

[llecs]

Ditto. I've seen FICO scores rise as much as 50+ when their last CA is removed due to CRTP, at 7 yrs old. BTW, it doesn't matter if you owe $0 or $10,000, the damage to your score is the same.