Jump to content

Collects Payed Off


Recommended Posts

Kevin is right.....


read the primer first before paying..


always negotiate a PFD when you make payments.

There is a common misconception that paying off a collection will make it go away or make it way less ‘severe’

The damage is already done, a paid of collection is only slightly better than an unpaid collection. If it remains on your credit report, it’s hurting you.

What you want is it to be deleted.

Link to comment
Share on other sites

You know after 7 years those negatives are suppose to come off your credit report? If its been longer then 7 years of reporting time(since last payment) then dispute with CRA that they are out of sol. In fact dispute them first, they might come off on their own!

Update 7 and half years...but most times they come off around 7.

Link to comment
Share on other sites

This topic is now closed to further replies.

  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.. For more information, please see our Privacy Policy and Terms of Use.