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

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asked Nov 16, 2017 in Credit by 123lee (270 points)
How much does your credit score increase when you pay off collections?

1 Answer

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answered Nov 18, 2017 by Minty (132,850 points)
Most times when you pay off a collection agency they will fail to report your debt paid in full. So when they don't report your debt paid then your credit score won't increase at all.

If the collection agency doesn't eventually report your debt paid in full to the credit bureau's you may have to contact an attorney who helps fight debt collections and get them to have the collection agency remove the debt from your credit report and report your debt as paid.

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