topic Collection in General Credit Topics

Collection

Anonymous — Mon, 22 Sep 2008 03:50:08 GMT

How do creditors look at paid collection do they look at the last time it was reported on when it was paid for credit approval criteria?

Re: Collection

llecs — Mon, 22 Sep 2008 04:04:21 GMT

Probably when it was paid.

I did read a post recently where the lender told the poster to pay all CAs and COs and was told that they'd approve him/her. The score of couse didn't go up and the poster was denied a loan because of that. So, I'd argue that score comes before payment history by far.

Re: Collection

Anonymous — Mon, 22 Sep 2008 04:10:44 GMT

llecs wrote:
Probably when it was paid.

I did read a post recently where the lender told the poster to pay all CAs and COs and was told that they'd approve him/her. The score of couse didn't go up and the poster was denied a loan because of that. So, I'd argue that score comes before payment history by far.

Thx.