collection account

Will a Collection Account for Just $50 Hurt My Credit?

Credit Scores / Lynnette Khalfani-Cox, The Money Coach / collection account, debt collectors, FICO score

Fortunately, there is one recent change to the world of credit scoring concerning small debts, which are sometimes called “nuisance” collection accounts. In August 2009, Fair Isaac rolled out to all three credit bureaus its newest general-purposeFICO score, dubbed FICO 08. With this new version of the credit score, FICO says its will disregard collection […]

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All information on this blog is for educational purposes only. Lynnette Khalfani-Cox, The Money Coach, is not a certified financial planner, registered investment adviser, or attorney. If you need specialty financial, investment or legal advice, please consult the appropriate professional. Advertising Disclosure: This site may accept advertising, affiliate payments or other forms of compensation from companies mentioned in articles. This compensation may impact how and where products and companies appear on this site. AskTheMoneyCoach™ and Lynnette Khalfani-Cox, The Money Coach® are trademarks of TheMoneyCoach.net, LLC.

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collection account

Will a Collection Account for Just $50 Hurt My Credit?

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