Can collection agencies keep updating credit reports?
A collection agency can continue to update the account on your credit reports up to the date the reporting time has expired.
Debt Solutions
Debt Validation Sample Letter to a Debt Collector
A simple debt validtion letter example that can be used to request debt validation from a collection agency.
5 Facts To Consider When Choosing a Credit Counselor
Choosing the right credit counseling agency can make the difference in reducing your debt or digging yourself further into debt.
Settle debt with collection agencies for pennies on the dollar
Once a debt is sold to a collection agency you have a chance to settle the debt for a lesser amount, often pennies on the dollar.
How to Dispute Collection Accounts on Reports
Strategies to dispute collection accounts include finding errors on your credit report and requesting a deletion.
5 Dangers when using a Debt Settlement Company
While getting out of debt sounds great, consumers using debt settlement companies often fail to realize the dangers. You may be able to reduce your debt but the negative impact on your credit scores may not be worth it.
Does paying off collections improve credit score
Once a collection account lands on your credit reports it can stay for up to 7 years from the date of the original account’s default regardless payment. Paying a collection account does improve credit scores but only under FICO 9 scoring system.
Risks of paying just the minimum due on credit card accounts
The minimum payment on credit accounts should be used as a convenience only because paying only the minimum could mean you end up paying 3 times the original purchase.
Credit bureaus will remove some medical debt from credit reports
Medical debt can seriously damage credit but by July 1, a significant number of consumers will have medical collection debt removed.
6 Tips To Settle Debt That Has Been Repeatedly Sold
You may be able to negotiate collection debt for much less than what is owed. Read on to discover some tips for negotiating your debts.