Category: Collections

Have you recently paid off a collection, either partially or in full, and want to know if the entry will be removed from your credit? Unfortunately, just because you pay off a collection doesn’t mean it’s automatically removed from your credit report. Rather, I generally advise that you …

Question I have 7 collection accounts on my credit report, and I am willing to pay them off. But I really want them removed. what is the first step in doing this? Response You’re in a good position if you’re willing to pay them off. Write a letter …

Question I’ve have charge offs on my credit report that are about 3 years old, would it be better to try and fix them with he original creditor or the collection agency ? Response Are they paid? If not, are you looking to pay them? If they are …

Question My Girlfriend just got a letter from a collection agency, with an account number and the amount of $150 dollars that is owed. She never recieved any mail or phone calls regarding this amount from the original creditor, and does not even know the date or original …

In my experience, it is possible to remove collections from your credit report. A collection entry on your credit report, including medical collections, can severely lower your credit score and in many cases prevent you from obtaining a mortgage or auto loan. Before we get into how to …

Question Last summer I made an arrangement with a debt collector over the phone. This arrangement was for a XXXX-XXXXX account that was in charge off status for the past year or so. The debt collector said that if I paid $867, the account status would be changed …