Accounts tab vs Collections tab

[ChuckG]

So do items that show up under Accounts with a status of "Payment after charge off/collection" affect your score the same way as if it were listed under the Collections tab instead?

Actually it seems there are lot's of different ways the same thing can be reported either between different reports for the same account or on the same report for similar accounts... Do these account status' carry different scoring penalties? If so what's better? All of these are collections that are listed either instead of under the collections tab, or in addition to an entry in the collections tab:

Payment after charge off/collection (Paid the CA on this one)

Unpaid balance reported as a loss by credit grantor (Paid the CA on this one too, this is OC's entry)

Account legally paid in full for less than the full balance (Settled with the OC on this one)

Account seriously past due date/account assigned to attorney, collection agency, or credit grantor's internal collection department (Paid the CA on this one)

Bad debt/collection (Paid the CA on this one)

Charged off as bad debt (Not paid yet)

[Junejer]

A collection, no matter where it shows up is a collection and hurts just as badly.

[ChuckG]

So what about instances where the same account shows up as two collections? either as a collection under the collections tab and an account with a collection status... or two different entries from different CAs or OCs that owned the debt at a different time. Are these hurting twice as much? Is that legal or correct?

[Anonymous]

I wouldn't say twice as much. It's your most recent collection that hurts you the most. Subsequent collections don't hurt your score as much. If you have several collections, the first collection probably costs you 30 to 60 points, the second 5 to 15, the third 3 to 6, the fourth 2 to 5, etc.

[Junejer]

I think that FICO only reads the most recent collection. The other ones, not at all. That's why people recommend going after the most recent ones first. After it's gone, then the next most recent one is affecting and so on and so forth.