Collections question

[Anonymous]

Hi everyone!  I have a quick question-  I have heard both ways that it will help, and won't make a difference.

Will paying all of the negative collections on my credit reort off raise my score??  I have all positive history for the last 12 months but about 5k in collections.  I'm trying to raise my score, and don't know if paying these collections off will make a difference??? Yes or No???  Help me answer this weighing question?!!

[Anonymous]

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lkcornish wrote:

Hi everyone!  I have a quick question-  I have heard both ways that it will help, and won't make a difference.

Will paying all of the negative collections on my credit reort off raise my score??  I have all positive history for the last 12 months but about 5k in collections.  I'm trying to raise my score, and don't know if paying these collections off will make a difference??? Yes or No???  Help me answer this weighing question?!!

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Paying collections will not increase the score as they are still considered for the likelihood of defaulting on a debt.  It will show favorably when applying for new credit though as lenders do see that you still owe money yo have decided not to pay.

[GetLifeBack]

Ok, I need help. I have a collection that I just paid and I want it removed cause it is lowering my score. I called the collection agency and asked about the debt and it was a non-payment of a co-pay for my son at the emergency room. The reason that it went to collection was the they had a incorrect address that they were sending the bill to. Therefore I was not able to get the bill and pay it and was not aware of the bill nor the collection until I pulled my credit report. I tried to talk to the collection agency and ask them being that I have paid the collection could they remove it from my credit report and they denied me. What can I do to get this removed from my report?

[Anonymous]

Absolutely pay off the collections.  It will probably make your score drop a bit temporarily, but lenders will see that you have paid them. 

[Anonymous]

Unfortunately there's nothing you can do to have it removed.  The only thing you can do is add a note to your report explaining what happened.   

[Anonymous]

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GetLifeBack wrote:

Ok, I need help. I have a collection that I just paid and I want it removed cause it is lowering my score. I called the collection agency and asked about the debt and it was a non-payment of a co-pay for my son at the emergency room. The reason that it went to collection was the they had a incorrect address that they were sending the bill to. Therefore I was not able to get the bill and pay it and was not aware of the bill nor the collection until I pulled my credit report. I tried to talk to the collection agency and ask them being that I have paid the collection could they remove it from my credit report and they denied me. What can I do to get this removed from my report?

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I would dispute it as never recieved. I would include the address that the bill was sent to and my urrent mailing address as far as at the time of notification.  I did have one successfully removed this way

[Anonymous]

I'd also check your state's statute of limitations before you get caught up in paying accounts already in collections. It may be that your old collections debt is time-barred and no longer legally collectable by the collection agencies.