Yikes. I'm not sure I want to recommend paying debt with debt, but it would get the collections report marked paid faster and you on your way to a better history/score.
Good luck in paying down your debt. The faster you get rid of it, the better off you'll be
Negatives stay on your report for seven years, so regardless of how you do it, get the collections account off as soon as you can.
Thanks, Joan and Jessica. Idk, it sounds like a credit counselor might be the way to go.
Alright. Unfortunately, that’s all the time we have for today.
Jessica's right. No one can eliminate correct information from your credit report no matter what they promise
Thank you all for the great questions, and thank you Joan and Jessica for helping us out ! Lots of good information here.
Thank you all for participating!
If it sounds too good to be true, then it probably is.
We're always happy to answer your questions
We apologize to the readers whose questions didn’t get answered -- looks like this is a popular topic, so we’ll have to invite Joan and Jessica back for another credit chat in the future!
We're always happy to help!