Interesting and important information..... thanks for the response relating to payment of COs, Marinevet.
While this is apparently the way FICO does it, it still does not make logical sense to me.
FICO scores the CO itself once it is reported. Then they hit you again due to your payment of the debt?
What would make sense, if FICO puts a paid CO in another category with its own risk evaluation scoring impact, is that they would thereafter not also include the duplicative impact of the original CO itself in the scoring. I hope that's the way it works????
