Do open collection accounts affect the payment history portion of you FICO??? Thanks in advance!

[Anonymous]

Hey all,

I'm fairly new to the FICO forum but I've always come across great information which I really appreciate. I was searching the internet to find out if open collections affect the 35%  Payment History segment of your FICO score. I appreciate any information and thanks in advance for your help!

[Revelate]

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@Anonymous wrote:

Hey all,

I'm fairly new to the FICO forum but I've always come across great information which I really appreciate. I was searching the internet to find out if open collections affect the 35%  Payment History segment of your FICO score. I appreciate any information and thanks in advance for your help!

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Generally speaking derogatories *are* payment history, or at least they fall into that category.  Open ones absolutely do (<$100 excluded on FICO 8) and paid collections are excluded on FICO 9 but don't think anyone's using that yet, certainly not at scale.

[Anonymous]

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@Revelate wrote:

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@Anonymous wrote:

Hey all,

I'm fairly new to the FICO forum but I've always come across great information which I really appreciate. I was searching the internet to find out if open collections affect the 35%  Payment History segment of your FICO score. I appreciate any information and thanks in advance for your help!

---

Generally speaking derogatories *are* payment history, or at least they fall into that category.  Open ones absolutely do (<$100 excluded on FICO 8) and paid collections are excluded on FICO 9 but don't think anyone's using that yet, certainly not at scale.

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Thanks Revelate! Ok so that would mean it's possible that any closed or open collection account can have an impact on the Payment History category? 

[Revelate]

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@Anonymous wrote:

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@Revelate wrote:

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@Anonymous wrote:

Hey all,

I'm fairly new to the FICO forum but I've always come across great information which I really appreciate. I was searching the internet to find out if open collections affect the 35%  Payment History segment of your FICO score. I appreciate any information and thanks in advance for your help!

---

Generally speaking derogatories *are* payment history, or at least they fall into that category.  Open ones absolutely do (<$100 excluded on FICO 8) and paid collections are excluded on FICO 9 but don't think anyone's using that yet, certainly not at scale.

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Thanks Revelate! Ok so that would mean it's possible that any closed or open collection account can have an impact on the Payment History category? 

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Yeah; which is why it's always best to try to get them removed completely.

[Anonymous]

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@Revelate wrote:

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@Anonymous wrote:

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@Revelate wrote:

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@Anonymous wrote:

Hey all,

I'm fairly new to the FICO forum but I've always come across great information which I really appreciate. I was searching the internet to find out if open collections affect the 35%  Payment History segment of your FICO score. I appreciate any information and thanks in advance for your help!

---

Generally speaking derogatories *are* payment history, or at least they fall into that category.  Open ones absolutely do (<$100 excluded on FICO 8) and paid collections are excluded on FICO 9 but don't think anyone's using that yet, certainly not at scale.

---

Thanks Revelate! Ok so that would mean it's possible that any closed or open collection account can have an impact on the Payment History category? 

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Yeah; which is why it's always best to try to get them removed completely.

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Thanks again, I really appreciate the insight!