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Jenhawkins90

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When collections update, does that make your credit score drop?

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It would depend entirely what the update was for.   If you were making payments and they posted payments, and they were on time it would be good.  If it was a late payment, that would be bad.  If the amount owed was increased, that would be bad.  if the date reported was based on your last payment and it was updated to show it was a colleciton that would be bad.   If they were changing it to reflect it was paid and closed, it would help those thinking of giving you credit, however, that would probably not change the score for another 7 years from the date closed.

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Reply by
faidros

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If the update was because you did not pay the first collector and the update was a report by another collection firm, thats super bad.

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