Paying off collections improves your finances, but what happens to the negative mark on your credit report?

Almost 70 percent of medical debt is set to be removed from consumers' credit reports beginning on Friday, July 1. In March, the three major U.S. credit reporting agencies announced that they were ...

Some 43 million Americans have unpaid medical bills that end up on their credit reports. Now, the three biggest credit reporting firms, Equifax, Experian, and TransUnion, are changing the weight they ...

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Pay-for-delete promises to erase collection debt from your credit report, but the results of this strategy can vary.

On April 26, the CFPB released a data point report estimating that nearly 23 million American consumers will have at least one medical collection removed from their credit reports when all medical ...

Within your lifetime, you may have a period of financial distress. Especially in the current COVID-19 pandemic, medical, credit card or other financial service bills may start to pile up. If you’re ...

If you're getting calls from debt collectors about unpaid credit cards or other bills, you might be wondering how these collection accounts will affect your credit score. Generally, a more recent ...

When you fall behind on a bill, you might get charged a late fee and your late payments could be recorded in your credit reports. If a bill goes unpaid for long enough, your creditor may send or sell ...

A good credit score allows you to get better interest rates on car loans or mortgages. If you fall on hard times, the inability to pay off your bills, such as credit cards or student loans, can result ...

If you see an account in collections on your credit report, it's understandable to feel stressed. Collections, even when paid, can potentially lower your credit score and impact your approval odds for ...

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