Having a collection account on your credit report can feel like a heavy burden, as it can significantly impact many areas of your life — and your finances — including your ability to secure loans, ...

Before paying a debt in collections, verify it’s legitimate and collectible to avoid scams or zombie debt. You have rights under the Fair Debt Collection Practices Act (FDCPA) that protect you from ...

Could your debt be reduced or forgiven? Take our financial relief quiz. Find my match Could your debt be reduced or forgiven? Take our financial relief quiz. Removing collections from your credit ...

The time it takes debt and derogatory marks to fall off your credit report depends on the type of debt or mark involved. In general, most debt will fall off your credit report after seven years, but ...

Ali Hussain has a background that consists of a career in finance with large financial institutions and in journalism covering business. mixetto / Getty Images You might prefer to pay off your ...

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 ...