ivyalmighty wrote:
So the delineation to be made is between a true COLLECTION account and a CHARGE-OFF account, right?A collection will never hurt your score if it disappears, but a charge-off on a TL *might* if it's one of your older accounts?
You got it. Except:
If the loss of your only CA causes you to be rebucketed, your score may drop due to that. Otherwise, losing a collection will always have a neutral to positive effect, depending on how old it is and how many other collections you have.
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App free since 7/11/08.
TU 744 / EX 710 / EQ 694 (Starting to slip.
)
App free since 7/11/08.
TU 744 / EX 710 / EQ 694 (Starting to slip.
)
HA!