Hi, I'm new to the community and trying to get some advise to improve my credit. I have two collection accounts. My questions is; should I pay them off or will it matter to my credit score because they are alread in collection? Is there anything I can to to improve this situation?
Other than the collections, I have student loans, a car payment, mortgage payment and four credit cards. I just paid three of the four credit cards off and will have the forth card paid off soon.
Thank you for the information. I just called both collection agencies and they both said they will request from all three bureaus that the collection be removed when paid in full after 30 days. I don't know if this will really happen. I noticed is also says the same on their websites. Portfolio Recovery and Jefferson Capital are the two companies. I paid the one collection from Portfolio Recovery/Capital One. I am going to pay the other next week. We'll see what happens.
Yes, I paid my portfolio acct. and they deleted as promised!