Paid collections for less than full amount

[Bradsrq1]

So i am trying to rebuild credit after a rough patch 3 yrs ago. Just paid $5216 to settle 3 collections accounts. My scores are now Exp 678, Equifax 648 and Trans 652. Any ideas how long before scores go back up? I have 20 accounts in good standing. 31% credit usage but bringing it down. My total credit lines around $42k not including a car loan with balance of $8397. No mortgage. Home paid for.

[FireMedic1]

Welcome @Bradsrq1 

Paying off CA's doesnt do anything to a score. It does show future creditors that you paid your debts that you owed. When the last CA falls off. Thats when you'll see some score improvements. I know its strange. Pay off a charge off and you get a small bump because the balance is figured into your overall util. But paying off CA's doesnt do a thing. In time they'll be gone.

[Slowlyrebuilding]

Don't some collection agencies delete after their paid? Like Portfolio Recovery? Wouldn't that help boost score?

[OmarGB9]

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@Slowlyrebuilding wrote:

Don't some collection agencies delete after their paid? Like Portfolio Recovery? Wouldn't that help boost score?

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Yes, but until ALL CAs fall off, gains would *probably* be minimal.