Paying on old collection account

RobertEG · ‎08-04-2009

I ahve always assumed that the impact of OC account delinquenies (30, 60, 90+) lates are scored in FICO based on the time elapsed from the delinquency date, and that CA accounts are scored from time elapsed from the DOFD.

Does a DOLA on an account (payments) change how FICO scores the impact of the derog over time?

It most certainly cannot update its drop off date from the CR.

AndySoCal · ‎08-06-2009

I am not sure which piece of data that changes that causes the problem. I cannot rember seeing a CA report a DOFD or DOLA to the bureuas. Generally speaking collection agencies report the account twice usually. The first time when the CA gets the account and the second when its paid (in theory).

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Re: Paying on old collection account

Re: Paying on old collection account