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

Can Paying an Older Collection Hurt Your Credit?

Paying an older collection won’t hurt your credit, and it won’t reset the clock...

Contact Information for Medical Collection Accounts

On my credit report there are two collection items. One says Medical Payment...

Is it best to pay collection accounts in full or negotiate for less than you originally agreed?

Whenever possible, it’s best to pay a collection account balance in full. Once the...

Can medical bills affect your credit report?

Your medical history is not part of a credit report, but past due medical...

When is a Collection Account Deleted

Is it legal for a collection agency to submit an account that they...

Benefits of Paying a Collection Account

I have a credit card account on my report that has gone to...

Contact Information for Collection Agencies on Credit Report

I am trying to pay off my debts with collection agencies, but I...

Digital Debt Collection: Why It’s Good for You

Say goodbye to dreaded debt collection phone calls—collection agencies are starting to go digital....

What Happens When Medical Bills Go to Collections?

I owe a large medical bill and have been making monthly payments...

How Will A Medical Collection Account Affect My Score?

Does a medical bill sent to a collection agency affect my credit...

Can a Collection Agency Charge More Than the Original Debt?

If a checking account was closed, charged off, and sold to a...

How Long Does an Eviction Stay on Your Record?

I was evicted almost seven years ago, and at one point I...

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.