Hi,
I pulled my credit report and saw I have three collection items and had a question. I have paid these and the balance shows 0.
My question is: I see a "Assigned" Date of 8/2007 and then "Date of 1st Delinquency" of 12/2006.
I was told collections roll off your credit report after 7 or 10 years. Which date do they use ? Would they use the 2006 date or 2007 for my collection.
And I read somewhere that as year passes by, the collections on the credit report hold less value on the credit score. Is that true? In my case above, which date would they count against.
Thanks in advance.