Does Paying Off A Collection Remove It From My Credit Report?
Does Paying Off A Collection Remove It From My Credit Report? Bankruptcy by John Ulzheimer Share Share Email I recently received this question from a reader (paraphrased): Q: My husband has a $10 collection on two of his credit reports. His FICO scores on those credit reports are over 100 points lower than his FICO […]
Why Doesn’t Paying Off An Installment Loan Improve my Credit Scores?
Why Doesn’t Paying Off An Installment Loan Improve my Credit Scores? Auto Loans by John Ulzheimer Share Share Email “I liquidated my IRA and paid off my truck but my credit score didn’t go up.” This is another scoring myth that may not make sense, but it is based upon statistical data – the myth […]
Should I Stop Paying My Credit Card Bills By Their Due Date?
Should I Stop Paying My Credit Card Bills By Their Due Date? Auto Loans by John Ulzheimer Share Share Email Today is April 1st and if you’re like me then you’re trying to avoid being the victim of a good April Fool’s Day joke. In addition to being April Fool’s Day, today is also the […]
Does Paying a Collection Reset the 7 Year Credit Reporting Clock?
Does Paying a Collection Reset the 7 Year Credit Reporting Clock? Credit Monitoring by John Ulzheimer Share Share Email Q: John, I have a collection from an old cable bill that’s 3 years old. From reading your articles I know I’ll have to live with it on my credit reports for 4 more years. Recently […]
Why Didn’t My Credit Score Go Up After Paying Off A Collection?
Why Didn’t My Credit Score Go Up After Paying Off A Collection? Credit Cards by John Ulzheimer Share Share Email The following question was sent to me by a Facebook friend. If you’ve got a question for me please feel free to send it to me via Facebook or via Twitter @johnulzheimer. I try my […]
Paying Off a Collection Account
Paying Off a Collection Account Debt Management by David B. Coulter Share Share Email Settling Old Accounts If you want to make wiser use of credit, then negotiating a settlement for any past due amounts can help you in developing the right mindset for avoiding future debt. However, before you take action, you will first […]