Explanation
Collection tradelines appear separately from the original account and remain on the report for seven years from the original delinquency date.
Paid collections still show on the report, but many newer scoring models (FICO® 9, VantageScore® 3.0+) ignore paid collections under certain conditions.
Examples
- •Medical bill sold to a collection agency
- •Old utility bill in collections
- •Resold credit card debt held by a debt buyer
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