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Question

Date: Mon, 08/02/2010 - 14:19

Submitted by cassey120
on Mon, 08/02/2010 - 14:19

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Total Replies: 3


how much does a collection status hurt your credit score?


A collection status in your credit report can hurt your credit score pretty badly. This is because when the collection account appears on the credit report, it's an element of your credit history and is of no significance whether it's paid off or not.

Even if the collection account is paid in full, your FICO score will have no positive changes and will not increase a single point.


lrhall41

Submitted by paulcahill80 on Mon, 08/02/2010 - 14:46

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