If you’ve recently reviewed your credit report and found an account in collections, it’s likely that your credit score is being negatively affected by that unpaid debt. A debt is sent to collections when the original creditor has given up on trying to collect payment—often after 180 days or more.

When you apply for credit in the future, potential lenders will be able to see collection accounts as part of your credit report. For many people, that means it’s a priority to get these accounts removed, making it easier to secure credit down the road. 


How can removing a collection account affect your credit score?

Removing a collection account from your credit report will likely improve your score in most circumstances. An account in collections is a negative item that can deter potential lenders, so removing that mark from your credit report is likely to have a positive effect.


Plus, simply paying off a collection account is not likely to increase your score, so taking the extra step to try to get it removed is often a good idea.

Both pay for delete and goodwill letters are possible courses of action for legitimate collection accounts, but you want to be on the lookout for accounts that are inaccurate or contain errors. In those cases, your best bet is to file a dispute with the credit bureaus to have the accounts investigated and potentially removed.


To avoid having to manage the dispute process yourself, work with the team at Slate Credit Repair to get support every step of the way.