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collections account is $0

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Anonymous
Not applicable

collections account is $0

Ive read that Portfolio Recovery wont/cant remove a collection from your report. However.. I still show this collection reported with a 0 balance. How much does that screw with my score.

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2 REPLIES 2
Anonymous
Not applicable

Re: collections account is $0

It depends on how many other major negatives you have on your report. If none, it could mean a 60-80 point gain from removal. If you have 1 or more other major negative items, the score gain would likely fall in the 0-10 point range with the removal of the collection, depending on its age relative to your other major negative(s) still present.
Message 2 of 3
RobertEG
Legendary Contributor

Re: collections account is $0

I am assumiong that it is reporting a $0 balance because you paid it and it is now closed, and not because they sold the debt or had their assignment revoked?

Message 3 of 3
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