However, while an account is deleted from your credit reports, all information connected with it is also removed. If the account in question was one of your oldest, the absence of it might result in shorter credit history and potentially decreased score.
Contrary to popular belief, paying off a debt that has been placed with the collection agency will not raise your credit score. Negative entries may remain on your credit reports for seven years and your score cannot improve until the listing is deleted.
If an account goes into collections, it is listed on your report for a set length of time. It can’t be removed early or reopened.
The length of time the debt will show on your credit report is unaffected. The original account and the new collection account will be deleted seven years after the initial delinquency date. If this happens, the new business may also submit a claim for payment.
Unfortunately, paying a collection will not automatically improve your credit score. However, if you were able to remove the accounts from your report, you may expect to see up to 150 points added to your score.
