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Posted in Paying Your Bills
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chrisxcadaver

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If i pay off a collection debt, will the negative mark be removed?
Medical debt, only 300$ I just want to know if the negative mark will he removed or if more action will be needed.

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It will show up on your credit for 7 years; however, it will show as paid in full which will help your credit more than what it is showing as now. What you want to do is you want to call the collector and say I have all $300 right now and am willing to pay it off in full right now, BUT I will only do so if you agree in writing to remove the report on your credit. Many collection agencies agree to this and it has worked for many. If they refuse there really is nothing you can do about it because it is an accurate reporting, they are actually required by law to report it since it is accurate, removing it is completely discretionary so there really is no other action that will be needed other than this attempt (unless you dispute it as innacurate which you will likely lose). They just want the money and most people will haggle with them to reduce the amount, so if you are offering them the amount in full they are going to be more willing to accept your counter. But like I said if they don't go for it, paying it will still help your credit, just not as much as removing it. Good luck!

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