Paying off collections improves your finances, but what happens to the negative mark on your credit report?

Pay-for-delete promises to erase collection debt from your credit report, but the results of this strategy can vary.

A debt can be sold to a collection agency if you miss several payments on an account. A collection account stays on your credit report for approximately seven years. Collection accounts decrease your ...

‘Please take me to small-claims court’: This St. Louis man’s credit score plunged from 815 to 630 after his landlord sent a $4,500 rent dispute to collections — here’s how he fought back When St.

Think you can ignore a $50 debt without consequences? Think again. While there’s no legal minimum for collections, even tiny unpaid amounts can haunt your credit score—and the threshold that triggers ...

Could your debt be reduced or forgiven? Take our financial relief quiz. Find my match Could your debt be reduced or forgiven? Take our financial relief quiz. Removing collections from your credit ...

Your credit scores determine everything from the interest rate you pay on credit cards and loans to whether or not you qualify for rental housing. Once your debt has been sent from a creditor to a ...