Valued Contributor
Posts: 1,308
Registered: ‎05-17-2013

what is worse? Collection or 120 Plus day lates

So what is worse having an account with multiple 120 day lates or having it say collection every month? I am asking because I am almost done with my rehab for my student loans and for every month sense last october usa funds has been reporting collection or "C" on my credit report. This entire TL will get deleted this october. Sense it is going to get deleted will i get more or less of a boost in my score sense it says collection. My other baddies or just ten or so lates from my sallie mae student loan account.

TU08 Fico Score (689)-Goal Score-(750)
AMEX PRG NPSL,AMEX BCE $15,000,Us Airways mastercard $7500, CSP $6000, Chase Marriott $5000,Chase Hyatt $5000, Paypal smart connect $4000, Capital One Quicksliver $3500,Chase Freedom $3200, Discover it $3000,Sallie Mae Mastercard $2900, Chase Southwest Premier $2000
Moderator Emeritus
Posts: 32,869
Registered: ‎08-04-2007

Re: what is worse? Collection or 120 Plus day lates

Both are generally equally bad. It also depends on when the late occured, whether or not the disappearing OC TL helped or hurt your length of history/AAoA, and when the status of those baddies last updated.

Super Contributor
Posts: 5,702
Registered: ‎10-06-2007

Re: what is worse? Collection or 120 Plus day lates

I had a 120 day late on my CR and I was able to get my FICO score above 760, but I have a long credit history.  IMHO the collection is worse.

11/28/2014 FICO: EQ: 796 EX:788 TU:803

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