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Valued Member
onfussedandneedinghelp
Posts: 29
Registered: ‎01-26-2008
0

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
Moderator Emeritus
Timothy
Posts: 9,252
Registered: ‎03-19-2007
0

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



Moderator Emeritus
llecs
Posts: 32,869
Registered: ‎08-04-2007
0

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.

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