@Shockedimpy wrote:
I was browsing the internet where I came upon an article stating that, if you pay a collection and the balance becomes $0 that collection will no longer have any weight on your score....I believe he was referring to the Fico 08 model....does that make sense?
FICO 9 actually.
FICO 8 discounts "nuisance" collections, namely those under $100 but paid vs. not makes no difference.
FICO 04 and earlier, every collection counts the same regardless of size or status.
