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17
Jan

Avoid This Fatal Collections Blunder

Avoid This Fatal Blunder

One of the most common consumer mistakes is to just pay a collection and believe this is how to boost credit score information. This well intended act almost always results in a lower credit score. You see, all this does is change the listing to a paid collection on your credit report.

That’s not a positive item that will build credit. Moreover the FICO credit scoring model often views this paid collection as recent activity, as in you’ve neglected your financial responsibilities and recently.

This is why your credit score can drop by up to 100 points and it’s what the debt collectors are betting you’ll do. Get a FREE credit consultation with certified FICO professional by calling toll-free 1-877-418-7596.