@Anonymous wrote:Like many people here, I'm trying to raise my credit score. Up until today, I was under the impression that paying accounts in collections did not help, but I now understand that it WILL raise my score thanks to the new model. From what I read, the age of the account and whether or not it is medical-related is what matters. That being said, I have a collection from 2/2010 for $400, one from 6/2014 for $102 and a medical collection for $2200 that was placed on 5/2015.
Money is tight, as I'm trying not to fall behind on current accounts, but now that I'm actively trying to repair my credit and know that paying these collections could help, I want to start paying them. I can probably pay off both of the smaller (older) collections rather easily. Will that help my score? The medical collection will be quite a burden. It may take me close to a year to pay off. Where will I see the most drastic change in my score with this new model?
Thank you in advance!
Welcome to the forums!
The new model isn't widely used at the moment (if at all statistically from our perspective as consumers).
As a result, I wouldn't factor it into the equation when it comes to the outstanding collections. Getting them deleted >> getting them paid, and that will continue to be the case quite possibly for another decade. One way or the other your collections will be resolved by that point 
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Anyway what I would do is post the specific collections (who the collection agency is in addition to the other details you've already shared) over in the Rebuilding Your Credit forum, and folks can help strategize what you should do in this situation.
In.my opinion, I'd first work on the two recent ones. Why?.Because they can hinder your credit for the next several years. I'd prefer to try a pay for deletion on both. As for ghe one from 2010, the same can be said for that one, but if there is no luck in the pay for delete on this one, it should fall off next year I think.
