Paying off a collection account won’t remove it from your credit report right away, but it can still benefit your credit scores! Rod Griffin, Senior Director of Consumer Education and Advocacy at Experian, explains how this works.  #creditscores #creditmyths #financialtips | Experian News | Facebook
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How to remove collection accounts. Collection accounts can have a significant negative impact on your #credit and financial health. Here’s why you should avoid them and what you can do if you have collection accounts: Why you should avoid collection accounts: \t1.\tCredit Score Damage: Having a collection account on your #creditreport can seriously damage your #creditscore. It’s considered a major derogatory mark. \t2.\tReduced Access to Credit: Lenders may be hesitant to extend credit to indivi
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