Will paying old unpaid debts improve my credit score?

Because unpaid bills will devastate your credit score, logic would suggest that paying them off would send it in the opposite direction. But not all is logical when it comes to credit scores.

Paying the debt won’t necessarily help your credit scores. Accounts that get to the collection stage are about as negative as it gets. Only bankruptcy is worse. As a result, any improvement, especially right away, probably will be very minor. In short, paying debts in collection won’t influence your credit score.

A paid collection isn’t removed immediately from your credit report. The important thing to remember is that your credit report is a history of how you have managed your credit over time. A way we can definitely help out is with our service for Debt Settlement. With our Debt Settlement service we’ll negotiate a savings for you, not only that; also, with a pay for delete agreement.

We can definitely help each and EVERY situation, please give us a call at 844-FIX-URCR to schedule your FREE consultation!

*Individual results may vary. Please call for more details and to discuss your own individual situation.

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