If you purchased a single-user license for an edition of QuickBooks, your license entitles you to install the software on a total of two computers, provided that you own both systems. These two installations enable you to work at your office on one system and continue your work at home on another computer.
When collections first show up on your credit report, you can expect your credit scores to drop anywhere from 50 to 100 points depending on how high your credit was to start. In general, the better your credit, the worse the hit will be. Over time, the collection account will affect your credit less and less.
Actually, collection accounts may be reported for seven years +180 days from the date you first fell behind with the original creditor (the original date of delinquency). If the creditor is reporting the debt is a charge-off, then that charge-off can be reported for seven years from the date it was charged-off.ere is what many debt collection agencies are doing, they will take an old debt that has long expired after the 7 or 10 year mark and then change the original date of debt and place it back on your credit report.