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Scoring on a date.

No, not getting lucky on a date.  It’s your credit score and how it’s effected by a reporting date of your accounts.

The reporting date is the last time your creditor or collection has sent data to the credit bureaus.  This could be a payment, balance, or status update.  The more recent the update, the bigger impact on your credit scores.

So if you’re trying to figure out which collection account to settle first, take a look at the reporting date. If it’s recent, start there.  As payment will not lower your scores as it’s updated.  It’s the older collections that haven’t updated in a long time, those will lower your scores once paid as they’ve not updated recently.  When they do, the scoring models will view this is as a “fresh collection” which will lower your scores.

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