Difference between collections and late accounts?

[Anonymous]

I signed up my fiancée and myself for credit check total and from what I can tell none of the 5 account she has are in collection, they are all just reporting late. Is this just as bad?

[J91605]

If she is still late you should remedy that asap. How late? When was she late?

[Anonymous]

She was still late but we've since paid everything off. Several months to a year plus of being late per account. But at this point it's all paid. 

[gdale6]

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@Anonymous wrote:

She was still late but we've since paid everything off. Several months to a year plus of being late per account. But at this point it's all paid. 

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If anything was COed they are the worst and will affect Fico the entire time on file. 30 day lates are minor and usually sting just first 2 years, 60 days can go for entire time on file but lessen after 2 years any 90 days plus will be a hit entire time on file. You need to send GW letters to these entities asking for removal of the lates if the account didnt close as a CO. If it is a CO ask for removal of the whole TL. Good luck

http://ficoforums.myfico.com/t5/Rebuilding-Your-Credit/GW-letter-Q-amp-A-Examples-and-GW-Success-Stories/td-p/1573680

A collection account would have been the equivalent of a COed OC account so you would have 2 derog hits instead of one.