Valued Contributor
Posts: 1,993
Registered: ‎04-07-2009
Re: 120 late or paid collection - which is better?

You cannot have a zero balance and be 120 days late at the same time. You can bew 120 days late prior to the date you paid the account. Technically it is inaccurate.reporting. You can dispoute it if you like. If you have  proof of payment on the acount submit iit with the dispute. OS that thye will not push the 120 days late back one month. Not sure how much if any this will your score. I would try for a good will deletion of the account.

Equifax My FICO score 815 5/28/2012, 818 on 7/28/2014 . Average of Accounts 12 years and no Installment accounts. MyFICO TU 810 6/26/2012 809 4/21/2013 MyFICO XPN -805. 2/26/2014 Discover TU FICO 813 App free since 9/2011