I have 1 credit card in collections and the rest are paid, how bad will this make my credit report/score?
May 28, 2009 by BastardinO | Posted in Credit
My credit is bad and recently I have been trying to pull myself out of this mess. I paid off or settled all my accounts except 1 that is in collections for around $6000. The collections agency is horrible to deal with and refuse to settle my card for
First, paying off derogatory items will not improve your credit score. The damage is already done and will remain on your credit report for the balance of the 7 year reporting period, whether paid in full, settled, or not paid at all. However, creditors
