2007-06-28 08:39:40 · 3 answers · asked by Anonymous in Business & Finance ➔ Credit
No, it will continue to show on your report as a paid collection for 7-years after the date paid in full.
While any collection is bad, one that shows as paid is not near as bad as one with a balance still due.
After it has been paid for around 2-years it will not effect your score or ability to obtain a new loan near as bad.
2007-06-28 09:21:42 · answer #1 · answered by ? 7 · 0⤊ 0⤋
It will show as a paid debt and fall off your credit report in 7-10 years.
2007-06-28 15:42:38 · answer #2 · answered by zippythejessi 7 · 0⤊ 0⤋
It won't come off your credit, but it will put it in your past for good. It shows as paid on your credit report. A paid collection, charge off, or judgment is bad; but it's not as bad as one with a balance. It also shows that although you may have made a mistake in the past, you made good on it.
2007-06-28 15:52:56 · answer #3 · answered by Luke D 2 · 0⤊ 0⤋