My friend Jeanie Bolger, Sr. Loan Officer at Nova Home Loans sent us over some valuable information we thought I'd share with you on steps to pay off debt collection.
We all know that in tough economic times it can be hard to make ends meet. If your bills have gone to collection is can severely affect your credit score. You can improve your credit score by deleting collection accounts. When banks have trouble collecting payment from debtors, they hire a debt collector (those are the people who call you at home or at work). When you pay off your debt, it’s important to work with the collector to pay off your loan and improve your credit score. And you have many options. Read more »