How much does your credit score increase when you pay off collections?

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asked Mar 16, 2018 in Other-Finance by Nyebird (230 points)
How much does your credit score increase when you pay off collections?

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answered Mar 17, 2018 by Minty (132,850 points)
You would think that paying off debt that is in collections would automatically help your credit score but in reality it doesn't work that way.

Just paying off your debt that is in collections won't raise your score just because you paid it off.

After you pay off your debt that has been sent to collections you'll need to get in touch with a credit repair agency who will help to get the paid off debt reported to the credit bureau's.

The collection agencies don't really report your debt as paid off to the credit bureau's so you'll need help from a credit agency and after you contact a credit agency and as long as you paid off your debt then you should see your credit score go up by at least 40 or 60 points and overtime it should increase as long as you don't default on any other debt.

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