Do NOT Pay Collections
I have completed thousands of credit consultations. In about 70% of these cases, my client has either paid a collection account in full without sending a Pay for Delete letter in conjunction or is currently on some sort of repayment plan. When they tell me this, all I can do is shake my head. My only recommendation is either to keep paying the collection (since they have already admitted guilt to this debt) or tell them: “Let’s work on removing the collection account you’ve ALREADY PAID OFF.” The proper thought and question here is… If I paid a collection account in full and it’s still showing up on my credit report, why did I spend my hard-earned money in the first place?
You Should Not Do It. Here Are The Reasons:
In conclusion, if you pay a collection account it is a bad move on your part because it will remain on your credit report, waste your money, and reduce your credit score. If you do not do anything, it is bad because the negative trade-line is sitting on your credit report affecting your score.
If you want to spend money with the intent of removing the collection account, you should follow my training step by step. Do not get overwhelmed by paying these accounts and change your life for the better!
If you’re ready to start removing collections the right way, without paying the full debt, then schedule a call with me and let’s fix your credit!