How Debts in Collections Can Affect Your Credit



If you have neglected paying your bills, or a creditor’s records mistakenly make it appear that you have, you may have accounts in collections. It is extremely important to know how this affects your credit and what you should do about it, as having an account in collections can be devastating to your score.

While it is best to avoid them, if you already have collections reported on your credit report, there are a few things you should know.

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