Paying collection agencies is not always the right thing to do if your primary concern is increasing your borrowing potential. For several reasons, paying collection agencies is something can have a very negative effect on your borrowing ability due to the negative effect on your credit score that it causes. Making regular payments to a…
Category: Collectors
Obtaining Debt Validation
Repairing your credit reports is done by following an established and regulated process. In many ways, credit repair is similar to the process of discovery in a legal proceeding. You are entitled to review the evidence that is being used against you by the collector as the basis for the claim they are making against…
Deleted Collections Account
How to Remove Collectors From Your Credit Report Background My client had received an elective medical procedure several years ago, then went through a divorce and fell behind on the payments. The debt was purchased by a debt collector who began reporting it onto all 3 of her credit reports. The amount they were trying…
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