Paying Collections

October 18, 2008

On an overdue account that has been referred to collections, if you have the option of paying the original creditor instead of the collector, you are better off paying the creditor directly because the collection entry has to be removed from your credit report once the original creditor account has been settled – the collector then has no legal right to have their negative entry on your credit report.

Comments

Got something to say?

You must be logged in to post a comment.