Credit Advice

Have a question? Have advice to share? The combined knowledge and experience of everyone in the Credit Karma community can help you. Enter your question or help others below to get started!

Question

Posted in Credit Scores
Profile Image

Question By
stickittotheman

0 Contributions
0 People Helped
When do paid collections reflect on your credit score?
I paid the full amounts of some collections I had. I realize, that even if the collections are closed, they will still show on my credit score, however, I'd like to know how long it takes for the collections to show as 'Closed' on my credit report, and how long it takes for my credit score to rise because those have been resolved.

Your Credit Scores Should Be Free. And Now They Are.

View your scores and reports anytime.

SIGN UP NOW
All Responses

Result 1-1 of 1Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next
Top Contributor
179 Contributions
334 People Helped
Most Helpful Response

Hope this helps

Helpful to 1 out of 1 people

If your collection is eligible to be closed, then it's up to the reporting collection agency to report that information.  Meaning if you have all debts paid on a reported item, then it’s up to the reporting agency to also keep that report updated with the credit bureaus, or you can dispute the item. 

As for 'when' that's up to the reporting agency. Most report changes once a month, however some wait up to 3 months and just report once a quarter.  So you want to ask them how long before they report.  Once the information is reported to the bureaus, the information is updated within 24 business hours and can reflect almost immediately to new inquire.

Result 1-1 of 1Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next

Your Credit Scores Should Be Free. And Now They Are.

View your scores and reports anytime.

SIGN UP NOW

Reply to this Question

Write your response:
Enter Your Comments

The Credit Advice pages of the Site may contain messages submitted by users over whom Credit Karma has no control. Credit Karma cannot guarantee the accuracy, integrity or quality of any such messages. Some users may post messages that are misleading, untrue or offensive. You must bear all risk associated with your use of the Credit Advice pages and should not rely on messages in making (or refraining from making) any specific financial or other decisions.