Thursday, August 6, 2009

By how many points credit score drops if collection is recorded on credit report.?

The first poster is correct, if you have lots of really good credit lines then 1 collection will not hurt you that bad 25-50 points.



If on the other hand you only have a few accounts or already have bad credit, it could be as much as 100-125 points.



By how many points credit score drops if collection is recorded on credit report.?

Hard to say with out looking at you credit reports. depends on how many positive credit lines you have.



By how many points credit score drops if collection is recorded on credit report.?

Did this happen? Is this a speculative question?

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