April 29, 2008

Paying Collections May Reduce Your Score

Filed under: Collections,Credit Restoration

Hi. I check my credit report last year and many accounts were in collections and so forth.

I have paid off all of them and have also negotiated settlements.

Back then my credit score was 536 but when I checked today it was a little over 400.

I do not understand how why my credit score dropped, even though I paid many accounts in full and a few with settlements. All of my other accounts are current.

Can you please provide some clarification?

Joshua

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Hello Joshua,

Warning: Be Careful Who You Listen To! 

Thanks for the questions and check out our Credit Restoration Library.

Paul

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