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Amount on delequincy/collection, does it effect fico?

tag
Anonymous
Not applicable

Amount on delequincy/collection, does it effect fico?

Lets say:
Collection account A owed $179
Collection account B owed $4700
Does fico take into consideration the amounts owed?
Or
Does it look at it as "a collection is a collection."
Message 1 of 3
2 REPLIES 2
fused
Moderator Emeritus

Re: Amount on delequincy/collection, does it effect fico?

If it's a collection and not a charge-off, balances don't matter. A collection is a collection rather paid or unpaid.
Message 2 of 3
Anonymous
Not applicable

Re: Amount on delequincy/collection, does it effect fico?

Thank you, looking at possible pfd as an option, I have 3 under $1k. Those would definately be doable if I decide I do not want to wait another year for them to age off.
Message 3 of 3
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