Guys I have a few questions about collection accounts. First off, can someone tell me what date/s the FICO model looks at and uses to determine the age of a collection ? There are too many dates on there ... DOLA, DOFD, date open, date closed, date of status, last reported etc etc. How can I tell the most recent collection from the oldest.
Secondly, can disputing collections end up hurting my score if they come back verified ? I'm thinking some of the dates on the account would then be updated and hurt my score compared to just leaving them alone. I just don't know what dates would change and which ones FICO looks at in its scoring model.
And is there a thread that describes what all the dates on accounts mean ? I know DOFD and DOLA. But I'm wondering what constitutes changes to these dates. For instance, does a verified collection then come back and change the DOLA ? Does it change the date of status .. the last reported date ? None of the above ?? Confusing this stuff. Appreciate any thoughts.
Diane