Hi, and thank you so much for your helpful information. One thing I was not able to find though was how much will my score rise if I have a collection removed? I know I have succeeded in doing the impossible but I did it, not paid in full, not evened, REMOVED. My score is now 643 with the collection on there. I don't want to do another as it may lower it more. So just ball park how much does a collection lower your score? 20, 30, 80? Besides that I never
miss a payment my credit cards are high right now so I am paying those down quickly. I have worked really, really hard on my credit the past few years and this collection from a hospital for $44 from 6 years ago popped up but now it's gone.
Thank you,
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if the collection is within the 2 year margin I would venture a guess of 25 points. But no one knows for sure. It is sort of like the bcs rankings. I do know this, a collection has 2 negative effects on your credit. 1. it shows you have 100% balance against high credit on that account. 2. It shows you diidn 't pay a bill that was sent to you over a period of time. Normally collections only show up after numerous attempts to collect.
Another note. 44$ is not a whole lot of money and if a small collection like that is over 2 years old either make sure it gets deleted fully or do not pay it. It is far better to have the collection 2 years old than paid and recent.
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BlogRankings.com
Monday, December 19, 2005
how much will my score rise if I have a collection removed
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