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mlosoyo · Joined: 20 Jan 2009 Posts: 1 1.34 Dollars($)

I have 3 collection on my credit , If i paid them off will my credit score go up , they are small balance $186, $131 the other one is a large one for $2000. also i have a judgement on my credit that i was not aware of and did not recieve any notice of this judgement how do i have that removed it for about $2000.

gmakerley · Posted: Tue Jan 20, 2009 8:51 am Post subject:

clearly, the easiest way to satisfy judgments and collection accounts is to pay them off. small balance accounts are generally not negotiable; by that i mean the creditors are looking for the full balance and not a "deal." larger accounts will usually settle for less than what is owed. as for a judgment, that'll have to be paid in full as well.

cliff3 · Posted: Tue Jan 20, 2009 10:35 am Post subject:

Hello mlosoyo,

Yes, paying them will help, but paying them does not guarantee that the collection company will automatically remove the remark from your credit report.

When you agree to pay the collections off, you will need to get an agreement in WRITING from them that they will remove all remarks of that account from your credit report. Yes they can do this. They will automatically tell you that "no that can't do that". Yes they can. Anyone who reports to a credit bureau, gets to pick and choose who they will report on, and what they will report.

As for the judgment, same applies. Be aware though, that paying the judgment and getting it in WRITING that they agree to remove it from the credit report, will not remove it from the public records office( i.e. Courthouse). It can still be found there. It can be removed from your credit report, but cannot be removed from the public records office.

Yes, paying the collections and judgment will help your score, but your score will be helped more if you get the agreements in WRITING that the derogatory remarks will be removed from your credit report.

Good Luck. Very Happy

msnover92571 · Posted: Sat Feb 28, 2009 6:54 pm Post subject:

it helps alot to pay them all off. then you need to write a letter or contact them and have them tell ur creditors to report it as "pif" paid in full.

rita2 · Joined: 23 Apr 2010 Posts: 286 51.03 Dollars($)

Hi,

All I can suggest you to pay all your dues in full and take in writing from your lender that it has been paid in full. Tell your lenders to mention that to the credit bureau so that they can update that to you credit report. It will take some time to update that in your credit. It will definitely help to improve your credit score.

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how do I remove collections off my credit?