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.
Last Updated: May 15, 2015. If you have a collection on your credit report, it is likely severely affecting your credit score. Even though debt collections will affect your credit less as they get older, the entries will remain on your credit report for seven years for future lenders to see. Pay debt in full and have it removed. 2  Most collectors want payment in full and will not delete the account from your credit report for a settlement payment. 3  If this is the case, offer to pay the account in full in exchange for the collector deleting the account from your credit report.