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Knowledgebase Home | Favorites | Forum Welcome to our knowledge base. To find what you're after, use the search box below or choose a category to view listed articles. Search the Knowledgebase Browse by Category [Advanced Search] -- Select Category -- Credit MythbustersLoans    - Personal Loans    - Auto Loans    - Home Loans    - Student LoansCredit CardsCredit Reports and ScoresCredit Report CardIdentity TheftDebt HelpConsumer Law Guide    - College Cost Reduction and Access Act    - Credit Card Accountability Responsibility and Disclosure Act (CARD Act)     - Credit Repair Organizations Act (CROA)    - Equal Credit Opportunity Act (ECOA)    - Fair and Accurate Credit Transactions Act (FACTA)    - Fair Credit Reporting Act (FCRA)    - Fair Debt Collection Practices Act    - Overdraft Rules for Debit and ATM CardsCustomer Support The article has been updated successfully. Knowledgebase Home > Credit Reports and Scores How will the new version of FICO affect how collection accounts appear on credit reports? Article Details Last Updated 29th of September, 2009 Would you like to... Discuss Print this page Email this page Post a comment Subscribe me Add to favorites Remove Highlighting Edit this Article Quick Edit Export to PDF User Opinions (4 votes) 25% 75% How would you rate this answer? Helpful Not helpful Help us improve. Why was this unhelpful? Thank you for rating this answer. The newer FICO credit scoring model, called FICO 08, will ignore collection accounts where the original balance is less than zero. That should eliminate some “nuisance” collection accounts such as small parking tickets or unpaid library fines from hurting credit scores. Want to know where you stand credit-wise? Check your credit reports and scores online today! Related Articles Can a debt be sold to more than one collection company? Does your age affect your credit score? How does a mortgage or an auto loan affect my FICO score? How does the FICO score treat multiple mortgage and auto inquiries? If I pay off a collection account, will it be removed from my credit report and improve my credit scores? Continue