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.

Latest Articles

How Can I Tell if a Debt Collector is Legitimate?

On my credit report it states that there is an open account...

How Do I Deal with Debt Collectors?

How should I deal with debt collectors? I have seen on other...

Who do you pay when an account has been sent to collections?

If your account was sent to collections, you will need to pay the collections...

Is it illegal for a collection agency to change the amount owed?

The collection company can’t change the amount originally owed, but they can legally add...

Do unpaid medical bills hurt your credit scores?

If unpaid medical bills are sold to a collection agency and reported as a...

Paid Collections Accounts and Your Credit Report

An account in collections on your credit report is never a good thing. If...

Collection Agency May Request Report without Permission

Can a collection agency request your credit history without your consent? I have...

Collection Agency Can Try to Recover Old Debt

My son has an account that was delinquent and charged off over 10...

Time Limits for Collection Agencies to Collect a Debt

What is the time frame that collections agencies can go after their money? -...

Unpaid Utility Bills Can Appear on Your Credit Report

If you don't pay your utility bill, can that go on your credit...

Past Due Accounts Can Be Turned Over to Collections

I have a dispute with a security alarm company. They have implied a...

Contacting a Collection Agency Won’t Add a Negative Entry

I have an unpaid charge-off that I want to pay off. I've contacted...

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.