Credit Cards Center Credit cards from our partners
Reply
Established Member
Posts: 16
Registered: ‎04-16-2008
0

Understanding Collection on your Credit Report

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.
Valued Contributor
Posts: 2,340
Registered: ‎04-08-2008
0

Re: Understanding Collection on your Credit Report

These are pretty recent...collections fall off 7-7.5 years from DOFD...so they will fall off sometime within 2013....send them a GW begging for removal...what are the collections???...
Established Member
Posts: 16
Registered: ‎04-16-2008
0

Re: Understanding Collection on your Credit Report

I have been writing them GW letters and no luck.  It's 3 collections from Central Financial Control for $75.00 for medical bill. I was dealing with alot of medical issues for my son and just forgot to pay because it was a tough time for my family. 
 
Aside from GW letters,is there anything else that I can do.  Has anyone had any luck with CFC in getting the collections removed.
 
Thanks in advance for any assistance.
Valued Contributor
Posts: 2,340
Registered: ‎04-08-2008
0

Re: Understanding Collection on your Credit Report

Funny thing is...I myself have 2 medical bills with CFC...I sent them a DV on April 20th...I got a letter back saying they were investigating...and would cease all collection activity while under investigation...I then figured they would be a good CA to work with...20 days later...they reported to the CRA...definitely under violation...I have not received any kind of validation from them...and I just sent my 2nd DV out today...
Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
† Credit cards for FICO Score ranges: The score ranges are guidelines based on actual applicant approvals and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.