If I pay off all of my collections, how long before I see a difference in my credit score?

I read an article that said that first time home buyers should not atteempt to pay off old collections because it makes them more recent, however, I just paid off some of my collections on my credit report. Was that the correct thing to do? Please help.

If I pay off all of my collections, how long before I see a difference in my credit score?

I would like to assume that a paid collection acct is better than an unpaid one. Paying a collection shouldn%26#039;t %26quot;reage%26quot; the account, it should only update your report as paid as of such n such date. I%26#039;m not sure about the credit score since silly things effect it for what seems to be no reason. Like when a collection account falls off of your credit after 7 years your score can go down. You%26#039;d think the opposite would happen.

If I pay off all of my collections, how long before I see a difference in my credit score?

This happened to me sort of. I had a lot of unpaid collection on my credit report and I paid it all off and it definately made me look better. When the new creditors looked at my account they could see that I made the attempt to pay it off. My score went up fairly soon after I got a small loan and a credit card and made regular payments. The good must outweigh the bad on the report. Hope this helps a little.

If I pay off all of my collections, how long before I see a difference in my credit score?

It depends on the history of the debt collections....there is a statue of limitions on debts.....for md, va, and dc it%26#039;s 3 years........if u paid off old debts outside the limitation it can damage your credit......