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Question By
Money0Deprived

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Do old closed accounts and paid off collections hurt someone's score? Is there a fix?
There are old collections that all have 0 balances on my report. Does this really count against me if they are paid? And they are like 7+ years old.

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Collections, even paid, have some negative impact.  With that age the impact may be minimal.  You need to carefully research to determine if they're actually 7+ years old.  If so, they should fall off.  Odds are that there was some activity when you paid that made them recently active.  If that's the case you need to contact the creditor in order to request a goodwill removal.  In future, seek out pay for deletes whenever possible.

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Reply by
takeshi74

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Better yet, do whatever you can to avoid derogs in future.

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