Paying off collections improves your finances, but what happens to the negative mark on your credit report?

FREE Collections Removal Letter Pack: Credit Rehab Pro (DIY Credit Repair Software): Want to remove collections from your ...

Could your debt be reduced or forgiven? Take our financial relief quiz. Find my match Could your debt be reduced or forgiven? Take our financial relief quiz. Removing collections from your credit ...

Pay-for-delete promises to erase collection debt from your credit report, but the results of this strategy can vary.

Pay for delete is an alternative option to paying past due debts by which a debt collector removes a collections account from your credit report in exchange for payment of that account. Typically, ...

If your goal is peace of mind, paying what's owed can feel like a weight lifted. You eliminate collection calls and remove ...

A pay-for-delete agreement is a credit repair tactic that could help erase collection accounts from your credit report. It involves offering to settle your debt in exchange for the collection agency ...

Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Dr. JeFreda R. Brown is a financial consultant, Certified Financial Education Instructor, ...

Forbes contributors publish independent expert analyses and insights. True Tamplin is on a mission to bring financial literacy into schools. A strong credit score is one of the most valuable tools in ...