collection account

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

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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