Posted on: 19th Mar, 2013 11:53 pm
Hi there… Does the total amount of all collections on CR have impact?
The collections in itself has a severe negative impact on your credit report. Thus, the amount does not have much impact on credit report.
Hi Guest!
Welcome to forums!
I agree with what Niicss has said. The amount of money you owe to the collections doesn't matter much. Rather the collection account in general will have a negative impact on your credit situation.
Feel free to ask if you've further queries.
Sussane
Welcome to forums!
I agree with what Niicss has said. The amount of money you owe to the collections doesn't matter much. Rather the collection account in general will have a negative impact on your credit situation.
Feel free to ask if you've further queries.
Sussane