Paying off collections: In one lump sum or in payments?

[Anonymous]

Should I pay off my collection accounts in one lump sum or on a monthly payment plan? Which method is best for increasing credit score? If possible should I settle the outstanding debt with the initial creditor or the Collection Agency?

Also what is the best way to increase my credit after my collections are paid off? Im 24 have a great job now and alot of time to build my credit. Open to ideas and Suggestions!

Thanks

[llecs]

Do none of the above.

If you have the $$$ to PIF or SOL has expired, then send a DV letter. If they verify and you and agree, then send off a PFD. If they accept, then they will delete after you pay.

Paying them slowly is a great way to get sued. A paid CA is just as bad as an unpaid CA per your score (actually sometimes worse).