Debt Collection Myths – Paying Makes the Debt Disappear From Your Credit Report

Debt Collection Myths – Paying Makes the Debt Disappear From Your Credit Report

A collection attorney, or collection agent is only required to report to the credit reporting agency that the debt was paid, once you have satisfied your obligation.   The debt can still stay on your credit report, and still impact your credit for some time after it gets paid.

The sooner you take care of debt, the sooner it stops impacting your ability to resume a financially healthy life.

Marcadis Singer, PA
5104 South Westshore Blvd.,
Tampa, Florida.
Phone: (813) 288-1881