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Shala228

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Collection Account payoffs
If I have accounts in the collections section on my credit report, but they are only for $100 each other in that range, will it really help my score if I try paying these off?

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This is tricky area because of the 7 year clock.  If they go unpaid, they will automatically fall off your credit report 7 years from the date they went delinquent.  If you pay them, the clock starts over and they will remain on your report for 7 years from date you paid it.  Of course, it will show as a paid collection, which is slightly better than an unpaid collection.   If you do want to pay them off, try getting a "Pay Per Delete" agreement with the collectors.  Get IN WRITING, their agreement that they will DELETE the account(s) from your credit report once paid in full.  Don't pay until you get that in writing.  That way, if they reneg, you can send their letter to credit bureaus and get them removed.  Not all collectors will do this, so, up to you how best to handle.  Wait for them to fall off, or.......

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