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You should pay an debt that you owe, but they can't force you unless they take you to court over it. They could file a lawsuit that would end up as a judgment. They could then garnish your wages or take your tax refund to pay for it. Your best bet is to set up a payment arrangement with them. After you have paid then you can work on trying to remove it from your credit report.
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∙ 14y ago
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What are three types of credit?
1 Liberal on credit/conservative(tight) on collections 2 Moderate on credit/moderate on collections 3 Conservative(tight) on credit/liberal on collections
Is it better for your credit score to settle a collection account or pay the full amount?
It is always best to get paid on your account. Once it has gone to collections, the credit ding is there. So, get the best deal you can in settling the account and pay up. Make sure to get a paid receipt and watch your credit report until the change shows up.
How long does it take for the credit score to go up once collections have been paid?
Accounts stay on your credit report for seven years, so any bad accounts will continue to appear even after they've been paid. It will take several years for your score to rise substantially.
Who is ICC collections?
Interstate Credit Control - they are a collection agency
Is it possible to go outside the country even if you have an unpaid credit card account?
Unpaid credit cards won't effect your ability to travel. If left unpaid, they will be charged off and likely assigned or sold to a collections agency. The collections agency will continue to attempt collections, and your credit will be impacted negatively for seven years.
If you had unpaid bills that went to collections can you pull them out of collections by paying?
Yes, once you paid them, then you would no longer be in collections. Your credit report should update to reflect that it was either paid, or settled.
If you have student loans in collections and you now have the money to pay in full is it possible to have the collections company bring the account current as part of the agreement to pay the debt?
once you have paid it. It will reflect on your credit report as paid
What should you do to get paid collections off your credit report?
If the account is legitimately yours, then you cannot legally have it removed from your credit report. However, if you paid the collection account off, it should be reported as paid on your credit report. Still, the accounts will not be removed from your credit report for 7 years.
How can I find a list of accounts that were sent to collections that were paid off or are not on my credit report anymore?
look at your billing
Can you subscribe again to Verizon Wireless after a collections debt has been paid?
Yes, as long as you are all paid up and your credit is good enough to qualify.
What are three types of credit?
1 Liberal on credit/conservative(tight) on collections 2 Moderate on credit/moderate on collections 3 Conservative(tight) on credit/liberal on collections
How do you remove collections from credit report?
Good question. There are a few tactics to remove collections from your credit report; First, is the debt paid off? If so, the option I would suggest is to write a dispute letter to that specific credit bureau. If the debt has not been paid yet, typically, you can negotiate with the creditor to remove the collection account from your credit report if you pay the debt (WARNING!!! make sure this is stated in writing before you send any money).
Is it better for your credit score to settle a collection account or pay the full amount?
It is always best to get paid on your account. Once it has gone to collections, the credit ding is there. So, get the best deal you can in settling the account and pay up. Make sure to get a paid receipt and watch your credit report until the change shows up.
Can Court collections be removed?
Collections can be disputed to the credit bureaus using the Fair Credit Reporting Act. The credit bureaus have 30 days to verify the listing or the listing must be removed from your credit report.
How long does it take for the credit score to go up once collections have been paid?
Accounts stay on your credit report for seven years, so any bad accounts will continue to appear even after they've been paid. It will take several years for your score to rise substantially.
How long does it take for credit card accounts to be closed if they have not been paid?
If a credit card account has an outstanding balance that is defaulted on, the account will not be closed. The account will be charged to profit and loss, or sent/sold/assigned to collections, either internal or external.
How do you get paid collection accounts removed from your credit report?
Removing Paid Accounts from a Credit ReportIf you haven't paid your collection account(s) yet, negotiate with the collection agency. State that you plan to pay in full, and that you want them to agree to remove the item from your credit report. If you've paid, and the item remains on your report, go to the credit bureau and dispute the item that has been paid. It's a good chance that the collection agency has purged your record and therefore will NOT verify a dispute investigation from the credit bureau. If the credit bureau doesn't receive verification from the collection agency in thirty days, they are obligated by law to delete the item from your credit report. Only the collection agency or the credit bureaus can remove collections off your credit report. You can either negotiate with the collectiona agency or dispute it to the credit bureaus.
