If you do not pay your creditor, credit card, or other debt, the lender may decide to send your file to a collection agency. A collection agency’s’ job is to call you and take whatever measures they decide are necessary to collect the money. They want to collect because that is how they get paid.
If you have the money, you may assume it is in your best interest to pay them, so they stop calling you and so that it clears up your credit. Those are logical assumptions, and yes, making the phone calls stop is a worthy objective, but does paying a collection agency “clean up” your credit report?

Not exactly, and that is why it never makes sense to pay a collection agency. Notice I am not saying do not pay off your debt, I am saying do not pay a collection agency. The reason is how you decide to pay off your outstanding debt will affect how long it will remain on your credit report. Many times, collection agencies will leave the negative item on your credit report and title it a paid collection. However, this is a new update that may remain on your credit report for up to 7 years.

Credit services of America understands just how to deal with this sort of issue. We have been serving the community for almost a decade and helping thousands repair their credit and qualify for loans that they need to help them get ahead.

A Goal without a Plan is just a Wish. Give us a call TODAY at 844-FIX-URCR or click on the following link creditservicesofamerica.com to schedule your FREE consultation and create your personalize plan to achieve your credit and debt GOALS!

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