Legal Question in Credit and Debt Law in Virginia

Collections

I have a collection on my credit report that is 3 years old. Does it make sense to pay it now? Will it increase my credit score, or should I just wait for it to be removed from my report at this point?


Asked on 5/12/09, 11:58 pm

1 Answer from Attorneys
Michael Hendrickson Law Office Michael E. Hendrickson

Re: Collections

Paying the adverse item now would likely have little effect on your current credit score(in my opinion).

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Answered on 5/13/09, 10:19 am


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