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Member
defbright
Posts: 6
Registered: ‎02-01-2013

Paying off collection accounts on credit report

I have heard that even if you pay off a collection account, that it does not make a difference in your score. Is this true.

Moderator
guiness56
Posts: 22,408
Registered: ‎01-17-2008

Re: Paying off collection accounts on credit report

In 99.999% of paying them off it makes no difference.  It is not supposed to.  FICO sees a collection as a collection, it doesn't score for the pay status.

 

In some cases something will not be coded correctly and may change your score.  Not necessarily for the good.


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