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Question By
LaredoLover25

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Pay old collection account or pay current debt?
I have an account in collections. It went into collections in September 2014 and is $625. They still report it as charged off every month. I also have $762 in current credit card debt. I have the ability to pay either one at the moment. Which would improve my score more and which is "better" to pay off first?

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Pay your current debt, collections would still stay on your credit report for up to seven years after being paid.

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But do pay that collections account as quickly as possible so the negative remark (collections accounts are not good things) will leave asa quickly as possible.

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Rlawshe1

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Enter Your ReplyBut, the negative will still be there for the next 7 years no matter what...

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