tzarinasdance asked:
I have heard that a collection on your credit report can drop your score as much as 80pts… Is this true? I am looking for a website with a breakdown of how much say a late payment on a credit card will drop your score
Katherine
I have heard that a collection on your credit report can drop your score as much as 80pts… Is this true? I am looking for a website with a breakdown of how much say a late payment on a credit card will drop your score
Katherine
{ 3 comments }
The formula isnt that direct and dozens of elements which you would be surprised at.
For your fico score some of which determine score some of elements which determine score some of which determine score some of which you would be surprised at.
There are different scoring models. Here are a couple sites with good information, but different agencies have their own very complex standards.
The actual credit report itself.