How Many Collection Is To Many

Anonymous · ‎08-03-2008

I was reading a thread here the other day an a person said they had 21 collection. I was helping my mother clean her credit an come to find out she had like 30 Collection on her Ex CR i was omg most of them was medical collection. She had like 20 on her EQ report an 15 on her TU report i'm like where do we start. When i saw that it made me think my credit is not so bad after all lol.

llecs · ‎08-03-2008

DW and I are down to one, but that is one too many. Things were worse at the start. I figured that if I kept my nose clean then in 7 yrs, I'd be baddie-free.

MidnightVoice · ‎08-03-2008

Well, in my case one Collection on an otherwise clean report was worth 50 points

The slide from grace is really more like gliding
And I've found the trick is not to stop the sliding
But to find a graceful way of staying slid

Anonymous · ‎08-03-2008

Right now i only have 2 i''m working really hard on trying to get those 2 removed.

fused · ‎08-03-2008

In most instances, it's not how many baddies you have but how recent they are. Of course, MV is one of the very few exceptions.

MidnightVoice · ‎08-03-2008

@fused wrote:
In most instances, it's not how many baddies you have but how recent they are. Of course, MV is one of the very few exceptions.

I think it was because it was the ONLY baddie on an otherwise clean report

The slide from grace is really more like gliding
And I've found the trick is not to stop the sliding
But to find a graceful way of staying slid

fused · ‎08-03-2008

@MidnightVoice wrote:

@fused wrote:

In most instances, it's not how many baddies you have but how recent they are. Of course, MV is one of the very few exceptions.

I think it was because it was the ONLY baddie on an otherwise clean report

Maybe so, but there have been a number of posters who have 720+ scores with a collection 6.5 years old on their reports

Anonymous · ‎08-03-2008

So are you all saying 35 Collection wont hurt if there old. My mother is 53 years old an has a long credit history an her scores are around 470 ball park. I'm pretty sure all her collection are holding her down.

fused · ‎08-03-2008

How old are these collections? Any other bad stuff on her reports? Any positive accounts? Does she have high balances on CCs? I see that many of these collections are medical, have you looked into the HIPAA process in the thread below?

Medical Collections & HIPAA Letters 1&2

Anonymous · ‎08-03-2008

fused wrote:
How old are these collections? Any other bad stuff on her reports? Any positive accounts? Does she have high balances on CCs? I see that many of these collections are medical, have you looked into the HIPAA process in the thread below?

Medical Collections & HIPAA Letters 1&2

Allot of her collection are resent an yes i forgot she has like 5 CC an there all maxed out so i'm sure that's hurting her also.