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In The Media

Paying a Collection Can Still Leave Your Score Damaged

by Larry Chiang on November 23, 2015

By Larry Chiang
I see this all the time.
People pay and then are flabbergasted that their credit score is still low. People pay a collection bill and their credit report still has that chargeoff that torpedoes their FICO, lowering it up to 100 points.
Larry Chiang (@LarryChiang)
pay parking fine to original municipality WITH A PAPER CHECK w/an account number in memo section twitter.com/vickysargent/s…


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Larry Chiang (@LarryChiang)
y pay with a WITH A PAPER CHECK w/an account number in memo section… Youre gonna need a paper trail!!

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Try it your way and hope that credit urban legends are correct. Or execute it my way that’s based on American credit laws.


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