How To Pay Off Collections

Updated:
March 9, 2023

Low credit score hurting your financial life?

We're here to put an end to that (backed by 2500+ verified reviews)

Call us today for your FREE credit consultation!

Call (833) 461-0151 ➔
Tap to call
Speak with a live credit specialist to see if we can help improve your score

Settling with a collection agency will hurt your credit. Unfortunately, it can even hurt your score by updating the Date Of Last Activity (or DOLA). It can also re-start the clock on the Statute Of Limitations (or SOL), which is the period of time the collector has to take legal action against you.

If you're wondering why anyone would ever settle after hearing all of this bad news well, you'd be right! The moral issue of paying your debts back is also questionable since the original creditor will no longer accept your payment.

Begin Your Journey To A Healthy Financial Future, Today

Reclaim your financial freedom and speak with a live credit specialist for your free consultation.

Call (833) 461-0151
Tap to call