Moderator Emeritus
llecs
Posts: 32,869
Registered: ‎08-04-2007
Re: Ex wife collection on debt I guaranteed!

Welcome to the forums!

I'd suggest reading the following:

Common Abbreviations

Credit Scoring 101 - great for knowing what is in your credit score and to see how your score is impacted.

What Steps Do I Take - great for learning the repair process.

and Example letters - PFDs, GWs, DVs, etc.

 

Unfortunately paying a collection agency won't help your FICO score at all. It doesn't matter if you owe $10,000 or $0, the impact per FICO is the same. However, you can mail a GW letter asking the collection agency if they wouldn't mind deleting. Some will if paid.