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rnawaters

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Which is better to do first: pay down credit cards or pay off collections?

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Pay off collections, without a doubt. When you begin to pay on the collections, try to negotiate an agreement that if you pay them in full, that the account will be deleted. This way, the account will be removed from your report (as if it never existed) and your score will improve instantly. If not, it shows up as "collection paid" and your score will gradually increase over time.

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