Question by judy in disguise *with glasses*: Does paying off past due accounts raise credit score?
I have a couple accounts that were pst due… my credit score is horrible… not even 500. I went from 680 all the way down due to the economy and job loss. Now I am getting everything back together and plan on completly paying off the only one that is “negative” on my credit report (freecreditreport.com) very soon, within the next 5 days. How long does that take to reflect on my credit score? Will it raise it any?

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Best answer:

Answer by Life Is Better After Retirement
Judy,
The damage was done when the accounts went to collections. You will not see a change after paying, You may be able to negotiate an pay and delete. You will have to be able to pay at once in full. Get them to put in writing that they will delete.
They in no way have to do this but some will.
Never give a collector your bank info no matter what they say, they can wait 3-4 days for a MONEY ORDER in the mail.
Get it in writing

Good luck!.

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