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Collections

When you fail to pay a bill on time and several months go by with it remaining unpaid, the creditor can choose to send your account to collections.

How Long Do Collections Stay on Your Credit Report?

The collection account will remain on your credit report for seven years from the date the original creditor first reported the debt as delinquent to the credit-reporting agency. That’s true even if the collection account has been transferred from the original creditor to one or more collection agencies.

If You Pay the Debt, is the Collection Removed from Your Credit Report?

While bringing the account current by paying the collection agency is a good start, it does not mean the negative information will be immediately removed from your credit report. The account will be noted as paid on your report, but the negative information about the debt will remain on your report for the full seven years from the original delinquency date.

When Collections Accounts are Removed from Credit Report

March 13, 2014

Dear Experian, If you have a derogatory record on your credit report from a collection agency and you pay off the debt in full, will the debt be taken off...

Two Collections Agencies Reporting the Same Item

January 29, 2014

Dear Experian, I have two collection agencies reporting the same item. If I pay the current collection company will both of them be updated as paid in full or do...

Collection Efforts Can Continue After Account is Removed

September 27, 2013

Dear Experian, Can a charged off account on your credit report that was opened in 1999 and closed in 2010 be sold to another collection agency and then be given...

Collection Agency May Request Report without Permission

September 27, 2013

Dear Experian, Can a collection agency request your credit history without your consent? I have one on my report under "inquires shared with others" in which I did not consent. -...

Collection Account Does Not Have to Appear on Credit Report

September 10, 2013

Dear Experian, I received a letter from a collection agency asking that I pay almost $3,000 for a debt that was originally a credit card opened in 1996. It seemed...

Collection Agency Can Try to Recover Old Debt

August 23, 2013

Dear Experian, My son has an account that was delinquent and charged off over 10 years ago. Yet, this evening we received a call from a credit agency looking for...

Original Account and Collection Account Appearing for Same Debt

August 23, 2013

Dear Experian, How can an item be on your credit twice, once under the original credit grantor and then under a collection agency? How does this affect the deletion date? -...

Time Limits for Collection Agencies to Collect a Debt

August 16, 2013

Dear Experian, What is the time frame that collections agencies can go after their money? - TRA

The Impact of Paying a Collection Account on Credit Scores

August 16, 2013

Dear Experian, Does settling a debt that is showing negative on my credit report as a "collection", get removed from my report as soon as it is paid? Does paying...

Unpaid Utility Bills Can Appear on Your Credit Report

August 13, 2013

Dear Experian, If you don't pay your utility bill, can that go on your credit report? - MWB

Accounts in Collections Show History and Past Due Amount

July 17, 2013

Dear Experian, I have a couple of accounts that were purchased by another lender or collection agency. I have paid them off and they do show closed, but they still...

Balance on Collection Account Not Updated

June 5, 2013

Dear Experian, I have a "charge off" credit card account on my credit report that I have been repaying for over a year. I am paying the original creditor, as...