RAISING CREDIT SCORES QUICKLY.
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.