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Posted in Paying Your Bills
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Better to pay off collections or make payments?
I have an account that was just turned over to collections for no reason other than my own mistake of missing a bill in my folder. The amount due is right at the brink of being able to afford vs. would be better for my budget to make a few smaller payments. I called and they said it wouldn't report to my credit until 30 days so if I pay in full now, it won't be reported. Is that correct? If so, that's my best bet, but if it's going to show up anyways I might just do a couple smaller amounts.

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