Source: smallbiztrends.com | Re-Post QBScott 10/4/2017 – 

Your credit score takes a hit if you fall behind on payments to a creditor, and again if an account is sent to the creditor’s collection department or sold to a third-party collector. You may be able to repair some damage to your scores by resolving a collections account on your credit reports.

Collections accounts generally stick to your credit reports for seven years from the point the account first went delinquent. You may want them off sooner than that; unpaid collections always hurt your scores. And while newer versions of FICO and VantageScore credit scores ignore paid collections, many lenders still use older formulas that count even paid collections against you.

How to Get a Negative Mark Off Your Credit Report

There are a few ways to get a collections account off your credit report, depending on your relationship with the creditor and the account status.

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