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How much does a collection account affect your credit score 2024?

Harper Parker | 2023-05-07 09:54:59 | page views：1593
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Ava Davis

Studied at the University of Cape Town, Lives in Cape Town, South Africa.
If you have an account reported as in collections, your credit score may drop by a substantial amount. The degree to which a collection hurts your credit score is generally correlated with how high your credit score is when the collection agency reports the debt. The higher your score, the more points you can lose.
2023-05-15 09:54:59
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Charlotte Harris

QuesHub.com delivers expert answers and knowledge to you.
If you have an account reported as in collections, your credit score may drop by a substantial amount. The degree to which a collection hurts your credit score is generally correlated with how high your credit score is when the collection agency reports the debt. The higher your score, the more points you can lose.
How debts in collections can affect your credit | Credit Karma
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