I’ve read a number of things on this topic…some say paying them off and getting htem removed from your report or shown as paid in full is a good thing, others say it doesn’t make any difference, still others say it is detrimental!
I have 4 accounts in collections, all medical, and the total is not high (under 1000). I’m in a place where I can pay them off in full right now, and I want to, but I don’t want it to have a negative effect on my already nightmarish credit. Can anyone give me a legit understanding of what this will do if I pay them in full?
1 is 5 years old, 2 are 4 years old and 1 is 3 years old.