Paying off collections debt isn't always the clear win it looks like. Here's how to decide what path to take.

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No one wants a bill to be sent to collections, but life happens. The good news is that it isn't the end of the world. Here's what you need to know about collections and their impact on your ...

Kelly Anne has over six years of experience with reporting and editing in the personal finance space. Her work has been featured in national publications including Reader's Digest, CNBC and Forbes.

If you see an account in collections on your credit report, it's understandable to feel stressed. Collections, even when paid, can potentially lower your credit score and impact your approval odds for ...

Whether you experienced a tough financial situation or simply forgot about a debt you owe, collection debts can happen. Having an account in collections damages your credit score, and you'll be ...

Your credit scores take a hit if you fall behind on payments to a creditor, and again if an account is sent to the creditor’s collection department or sold to a third-party collector. You may be able ...

Operators in clear dialogue with their collection agency can optimize debt recovery and limit litigation exposure, notes Jay Harris and Elaine Owens of Fair Collections & Outsourcing. Even in a ...

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