Does Paying Off Collections Improve Your Credit Score?
Credit Corp
JUNE 1, 2023
Many or all of the products featured here are from our partners who compensate us. Your credit score may improve if your collection debt is reported to a new credit scoring model—FICO 9®, FICO 10®, VantageScore 3.0® When you default on a payment, the company you owe may sell your debt to a third-party collection agency.
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