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Posted in Paying Your Bills
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Question By
Justee123

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How do I pay back amounts in collections?
Who do I contact on the collection info to pay back amount

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Top Contributor
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Bear in mind that paying/paid collection won't change your score much if any at all, and certainly isn't ground for removal, unless you have a "pay for delet" agreement in writing ahead of time.

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You probably should get your "free" report from three bureaus directly, they gonna redirect you to "free annul credit report dot com." Just be aware there are lots of fakes "free" report sites that looks similar, no credit card need, you can get them once every 12 months. Those report should contant more informations about your accounts, like phone numbers/address and when it's due to be removed.

Top Contributor
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Paying accounts in collection a waste

Don't waste your money paying off collection unless you are in danger of judgement, wage garnishment, or other bad things.  If past statute of limitations for your state (my state if bill not collected in 3 years, cannot go to court to get paid).  Once a bill in in collections, it will stay on your reports for at least 7 years.  So paying off collection accounts will do nothing to change your credit score.  A lot of people talk about  "pay for delete" agreeents but they are actually illegal.  If your creditor decides to NOT remove after you pay, there is nothing you can do.  Because they aren't supposed to make such agreements.  But some collectors are so hungry for get some money, they will wink at that rule.  But don't pay if close to end of statute of limiations  It will RESET your 7 years it will appear on your card.

I don't know what the success rate is of actually having "pay for  delete" work.  I suspect it is more possible with a small, local agency.  The big national agencies, forget it.

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