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Collection Question

Collection Question

I have a question...
 
I have 4 collections on my record and I want to know how many points it is hurting me. They total about $500. Is one worth x amount, 2 adds another x amount, etc etc.... How do you think it is hurting my score? Thanks in advance
Message 1 of 3
2 REPLIES
Moderator Emeritus

Re: Collection Question

It depend how recently they updated-
I just had 2 collections (getting ready to be removed) added to EX- 82 points. The $ amounts don't really matter-
Be sure to read the Credit 101 Thread - RTC101T

onfussedandneedinghelp wrote:
I have a question...
 
I have 4 collections on my record and I want to know how many points it is hurting me. They total about $500. Is one worth x amount, 2 adds another x amount, etc etc.... How do you think it is hurting my score? Thanks in advance



Message 2 of 3
Highlighted
Moderator Emeritus

Re: Collection Question

You also won't see much of a bump if your remove the first. The second will produce a better result, the third much more and the last will count the most......all depending on age.
Message 3 of 3