Collection Accounts
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Clarification on Upcoming Changes to Credit Reports
- May 31, 2018
- Posted by: Mindy Leisure Director of Rescoring Services
- Category: News
No CommentsThere have been a lot of questions cropping up surrounding the changes coming in June to credit reports. These changes are due to the settlement agreement from 2015 between the credit bureaus and state’s Attorney Generals. The last phase of this agreement is set to be in place as of June 8th, 2018. Due to
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Did You Know Series Presents: Paying Off Collection Accounts
- July 25, 2013
- Posted by: Joel Firestone (G-Net Consulting)
- Category: News
Did you know…Paying off a collection account does not normally have a positive effect on a credit score? On the contrary, it can actually have a negative effect. The reason being is that the bureaus will not back date the payment date. So that means when a collection is shown as paid off, it will