Browsing the archives for the collecion tag

Does paying off collecion debt help increase my credit score?

in Build Your Credit

I have debt in the amount of $7000 that has been sent to collection agencies about three years ago. Two were credit cards, one a cell phone bill. I desperately need to improve my credit score. Will it help if I start paying this debt to the collection agaencies? I read somewhere that it does [...]

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