Contributor
Davidngo
Posts: 85
Registered: ‎11-30-2011
Re: Paying off collection effect on score

Wth CO, the damage is already done to your FICO score.  The difference really lies in if the amount of the CO is factored in to your utilization.  If it is, paying the amount off can possiby increase your score.

MyFICO Pulled: (11/28/2012) EQ 635, TU 650, EX 661
Lender Pulled: (12/05/2012) EQ 635, TU 677, EX 641
Lender Pulled: (02/20/2013) EQ 667, TU 661, EX 648
MyFICO Pulled: (05/30/2013) EQ 712, TU 685, EX 686

Finally Hit the 700's as of 06/05/2013!!!