I had an old collection account I wanted to pay off, the original balance was less than $300, but I paid almost $400 to the CA. That was messup #1.
Messup #2 is that I contacted them, when they hadn't even contacted me for years, but I wanted to make good on it. The messup is that I didn't use the HIPPA process.
So, I paid it, and it felt good, but now it's showing up on my credit report as
Status:
Paid,Closed/Collection account. 
Date Opened:
01/2005
Reported Since:
02/2009
Date of Status:
02/2009
Last Reported:
02/2009
Type:
Collection
Terms:
1 Months
Monthly Payment:
$0
Responsibility:
Individual
Credit Limit/Original Amount:
$271
High Balance:
NA
Recent Balance:
NA
Recent Payment:
NA
Account History:
Collection as of Feb 2009
What do I do now? Is the date it falls off my report going to be longer now? I have the original bill from 2005 still. I thought I was doing the right thing by paying my old debts, but I'm really second guessing if I did the right thing.