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DWC53

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Debt Collections
after I pay off my 2 open accounts in collections how long will it take for it to go on my credit report?

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A lot of this depends on when they are due to fall off your credit report.  You need to figure out the date of last payment (or if no payment was ever made, then the date the account was opened).  Add 7 & 1/2 years to that date and now you know when it will fall off your credit report.  If some of these collection accounts are close to the "fall off" date, then you may want to wait to pay them off.  You could consider paying off the newest ones instead.  It's a tough call to make without seeing a full copy of your credit report.  In any case, BEFORE you pay off any creditor, negotiate a settlement amount, get it in writing, and also get them to agree to remove the account from your credit report once it is paid.  This way it goes away for good.  If these are medical bills, I suggest offering the collectors 1/3 of the amount to begin with, then work up to 1/2 the amount due.  If you had no insurance, or these bills were part of your deductible or co-pay, then tell them you'll pay whatever the insurance would have paid (usually 1/3 of the bill).  Not fair for them to charge you more than they charge the insurance companies, right?  Best of luck!

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That depends on when the collectors do their monthly reporting to the bureaus.  Each company chooses their own date to report data to the credit bureaus.  Should be within 60 days at the latest, however.  Please realize that the accounts won't come off your credit report for another 7 &1/2 years from the date you paid it off, but they will show as paid instead of unpaid.

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DWC53

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Thank you! Is it best not to even pay on them I have allot on my report but there not open there all hospital bills

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