Posts Tagged "collection account"

Medical collection accounts and your credit report

Dear Experian,

Can a collection agency sell your medical debt to another collection agency in order to keep it on your credit report when it’s coming close to the seven year mark?

– BTL

Collection agencies may try to collect a debt after it is deleted from your credit report

Dear Experian,

How long can a collection agency attempt to collect a debt? Is there a time limit or statute?

– CLI

Not paying utility bills and insurance could hurt credit scores

Dear Experian,

Does paying a utility bill or car or home insurance late affect your credit scores?

– FXR

Paying collection accounts in full can help, but might not improve credit scores

Dear Experian,

In the long run, will my credit be more positively affected if I pay off collection agency debt in full as opposed to accepting and paying a settlement amount?

– ATO