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Collections and paying off

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Goalsrsuccess
New Visitor

Collections and paying off

Helol I'm new to this site and I have a quick question... How does paying off items on a collections agency affect your credit ? 

Hope to hear from you soon!

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09Lexie
Moderator Emerita

Re: Collections and paying off


@Goalsrsuccess wrote:

Helol I'm new to this site and I have a quick question... How does paying off items on a collections agency affect your credit ? 

Hope to hear from you soon!


It doesn't; a collection paid or unpaid is scored the same.  However, if your app is manually reviewed, a paid collection will look better.  

I would suggest attempting a PFD (check out our Rebuilding Forum for examples) beforesaying a collection. 

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