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austintaxi

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increasing credit number
if I pay off the accounts that are listed as "in collection" will that immediately increase my credit score......or will it just show as paid and not be remove until the experation date ?

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Sorry, but if they have gone to collections, they were already seriously past due, and late payments are negatives on your credit report.

If you have read the articles on this site (look to the left side of this page under Resources to access them) you will learn about credit and you may be able to negotiate a "pay for delete" agreement with the collection agencies.  Do this in writing, keep copies of all communications and don't send any money until after the final letter is received.  Some collection agencies will do this, some won't and none are required to do so.

Also, have you checked all credit reports to make sure the collections listed are YOUR debts?  If you haven't, you may end up paying someone else's debt.  How to check all three credit reports has been addressed many times on this forum and is copvered in the articles on this site. Checking all three credit reports is something smart people do once a year.  That way, you can be sure all information on the reports is correct.

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