cancel
Showing results for 
Search instead for 
Did you mean: 

Effect of Updates to Collection Balances?

Auto Loans for ANY Credit Situation. Immediate Response.
Advertiser disclosure
Established Contributor

Effect of Updates to Collection Balances?

I have an old dental collection from 2013 that should fall off my records within a year. It's already having less and less impact on my scores.

 

However, the collection agency updates the amount due every month. Does that updating keep the account current so that it will never fall off my reports? Or is the seven years measured from the time the collection was first reported?

 

Thanks!

Message 1 of 2
1 REPLY 1
Highlighted
Frequent Contributor

Re: Effect of Updates to Collection Balances?

NO their just updating the monthly balance.The first reported date determines how old it is.
Message 2 of 2
Advertiser Disclosure: The offers that appear on this site are from third party advertisers from whom FICO receives compensation.