I Paid OFF my collection, BUT my credit score went DOWN?

You may be surprised to learn that paying your collection accounts will damage your credit.

  • Also, whether the collection account is $100 for a severely overdue library book or $5,000 for a credit card the result is the same in that your credit scores can decrease by the same amount.
  • This is a crutial point. Many believe that because the debt is small, it can’t possibly hurt credit scores.
  • Wrong!

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  • Mark Fidgett | 604-273-2002

    “Your Personal Mortgage Consultant….For Life!”

    PS – Please Don’t Keep Me a Secret

    A REFERRAL is when you INTRODUCE someone you care about to someone you TRUST!

    T 604.273.2002 | F 604.522.2072

    W http://www.notapennydown.com

    An independent Mortgage Specialist associated with the Verico Mortgage Network.