How pay-for-delete affects your credit score

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The pay-for-delete method may or may not have a significant impact on your credit report or credit score.

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It is a negotiation technique where you offer to pay off debt in exchange for removing negative items on your report.

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While the pay-for-delete method may not actually harm your credit score, it may not improve it either.

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The most recent credit scoring models do not consider paid collections accounts.

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Therefore, paying off a collection account may not actually have a significant impact on your credit score.

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Additionally, recent accounts are more harmful to your credit score and report than older ones.

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Collection agencies are supposed to report accurate and complete information to the major credit bureaus. 

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Pay-for-delete is not considered totally above board and credit reporting agencies usually discourage the practice.

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Keep in mind that the impact of pay-for-delete on your credit score varies based on your overall credit profile.

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