Paying an outstanding collection doesn’t remove it from your credit report. Most creditors will leave a previously negative account sitting on your credit report for up to 7 years, even after you pay it. And even though you paid it, it still hurts your score.
It’s usually not wise to start paying off old accounts as your primary credit repair strategy. Even after you pay off all your old accounts, you’ll still be left with bad credit and low scores. Let us put our strategies to work to not only get old debts settled but also removed from your credit reports so your scores will increase. Feel free to discuss your options with your credit advisor for the best possible solution to your situation.