Chat with us, powered by LiveChat
top of page

Does Paying Off Collections Accounts Improve Your Credit Score?


Having a poor credit score can make it difficult to qualify for loans, mortgages, and other forms of credit. One way to potentially improve your credit score is by paying off collections accounts. But does this really work?


Paying off collections accounts won’t necessarily raise your credit score; however, it can reduce the amount of negative information on your report. If you have multiple collections accounts, and pay them off one at a time, you may see an improvement in your score over time as each account is resolved. Keep in mind that collection agencies will often negotiate payment amounts so you may be able to settle the debt for less than what’s owed while still improving your credit standing.




The Law Offices of Omar Zambrano has helped thousands of people and businesses on the past to get out of debt and start over.



Our goal is to help you find a fresh start FAST!


Schedule your free consultation today! By Calling 626-338-5505 or visiting us at 12738 Ramona Blvd Baldwin Park CA 91706






留言


Featured Posts
Recent Posts
  • Facebook Basic Square
  • Twitter Basic Square
  • Google+ Basic Square
bottom of page