credit score over 800

Credit: How much can 1 outstanding collection effect your score. can they hit you over and over or just once?

Problem: I have/had a gym membership on a two year contract. I very rarley use the thing in fact i only used it 2 times last year. i was 18 months through my contract. And put it on hold which cost me 5 dollars a month for 6 months then it would start up at the current charges of 25. The gym would automatically pull the money from my credit card. 3 months ago my card was stolen and i cancelled it. I forgott to tell the gym so they were not reciving payments ( I know this is my fault) problem is I relized this when i got back into town from europe and was going to go to the gym. I went in to pay up the 15 dollars i owed them and take my membership off of hold. problem is they sent me to collections. I would have gladly paid them the money if they had just called me (they have my number) I am a little bit ticked (collections hasn’t called yet. i have an 800 credit score and i am willing to take a hit out of principle does anyone know around how far 1 claims max is in your score

There isn’t a set amount that your credit will drop. The model is very complex. Suffice it to say that your score will no longer be 800.

Principles aside, why don’t you try and contact the collection agency and tell them not to report against you and that you will pay the balance immediately. It may already be to late, but it worth trying.

You can always ask them to stop reporting against you on your credit. They are not supposed to (and can even be punished by the bureaus if they don’t report), but again it is worth a try.

Best of luck