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Question By
xcats

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I payed my collections how long till it shows closed?

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It can take a couple of months for it to get to a closed status.  figure 30 days min and 120 days max.  If you do not see it as closed (provided you paid it completly off) then I would start filing disputes with the three major agencies.  As stated already it will be 7 years before it is removed, but showing it paid and closed should help with your score.

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Collections Removed

Always ask the creditor if you pay off this debt in full will they remove it from your credit report. If they say yes they will give it till the first of the next month and if it is still there you can dispute it. I recently had one and disputed it and it was removed. So don't give up keep fighting to clear it off your record. You can also email the creditor and ask why they did not remove it and they will usually act on it !

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Collections Accoutns

Paying your collections will not improve your credit score. However, sometimes it actually hurts your score because once you make a payment it shows up for another 7 years. Most negative accounts delete from your credit report 7 years after the last payment so if you make a payment to settle the account you might have to wait another 7 years for the account to delete. 

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Wow 

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Seven years. Even when you pay it off, it will remain on your credit report for seven years.

Reply by
methboy2

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Enter Your Reply that's is nuts 

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