Credit Advice

Have a question? Have advice to share? The combined knowledge and experience of everyone in the Credit Karma community can help you. Enter your question or help others below to get started!

Question

Posted in Paying Your Bills
Profile Image

Question By
Michelle23252003

0 Contributions
0 People Helped
Does a low balance under $100 collection really affect my score that much?
I had a utility company sending me a bill to my in laws house after we moved and I guess they didnt feel the need to give me my mail and I had a $55 balance to pay. Here it is a year later and they sent me to collections and now its on my credit report. I have been trying really hard to reconstruct my credit because we are in the middle of buying a house and now this hits my credit. I just want to know if this will affect my score alot if any. I read that balances under $100 arent really recognized my the bureaus? Dont know how true that is but I need peace of mind though because I am kind of (for lack of a better word) freaking out.

Your Credit Scores Should Be Free. And Now They Are.

View your scores and reports anytime.

SIGN UP NOW
All Responses

Result 1-1 of 1Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next
Top Contributor
3051 Contributions
2786 People Helped
Most Helpful Response

Helpful to 1 out of 1 people

All collection accounts, no matter what the amount, are counted against you.  The newer they are the worse they are to your score.  Nobody can say how much it will affect your score because there are too many variables.  You can either pay it off, or get your mortgage through www.naca.com, where credit scores don't matter.  Best of luck!

Result 1-1 of 1Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next

Your Credit Scores Should Be Free. And Now They Are.

View your scores and reports anytime.

SIGN UP NOW

Reply to this Question

Write your response:
Enter Your Comments

The Credit Advice pages of the Site may contain messages submitted by users over whom Credit Karma has no control. Credit Karma cannot guarantee the accuracy, integrity or quality of any such messages. Some users may post messages that are misleading, untrue or offensive. You must bear all risk associated with your use of the Credit Advice pages and should not rely on messages in making (or refraining from making) any specific financial or other decisions.