Does Paying Off Collections Improve Credit Score

Paying off collections not only won't improve your score, it will damage it.

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Paying off collections will not improve your credit score. Unfortunately, it can even hurt your score by updating the Date Of Last Activity (or DOLA). Paying will also reset the clock on the Statute Of Limitations (or SOL). This is the period of time the collector has to take legal action.

Wondering why anyone would settle with a collection agency when it doesn't improve their score? Good question. There's not always a good reason to. There is the moral issue of paying your debts back. But this is questionable as the original creditor will no longer take your money.

Get Your Collections Removed Professionally

In some cases, we recommend speaking with a Credit Repair professional to analyze your credit report. It's so much less stress, hassle, and time to let professionals identify the reasons for your score drop.

If you're looking for a reputable company to increase your credit score, we recommend Credit Glory. Call them on (866-529-4304) or setup a consultation with them. They also happen to have incredible customer service.

Remove Your Collections, Today!

Call 866-529-4304Schedule FREE Consultation

Remove Your Collections, Today!

Call 866-529-4304Schedule My FREE Consultation
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