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Posted in Paying Your Bills
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Question By
Billpayed

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0 People Helped
Once accounts are paid to collection agency how long before it is updated on the report?

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Top Contributor
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It still hurts your credit

Helpful to 4 out of 6 people

Even though now its a closed account and its labeled as paid, you still might want to remove it because it does some sort of negative impact 

Reply by
jweaving

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Helpful to 3 out of 4 people

I don't understand what you mean by "remove it?" 

I've paid off two cards: 


  1. Sent to collections
  2. Past due and closed by Chase, but I paid through Chase (it was not sent to collections)

How would I remove it?

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Most Helpful Response

Helpful to 3 out of 4 people

In most cases, a month or two.

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