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A pay-for-delete could remove the collection account, but the missed payments and charge-off account would stay on your credit report for seven years. When to consider a pay-for-delete agreement.
Paying off collections does not automatically remove them from your credit report. Typically, they will remain on your report for up to seven years from the date of the original delinquency ...
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A debt collection bureau in Minnesota. Debt collection or cash collection is the process of pursuing payments of money or other agreed-upon value owed to a creditor. The debtors may be individuals or businesses. An organization that specializes in debt collection is known as a collection agency or debt collector. [1]
CIT Factoring University Releases "How to Manage Collections Efficiently" Educational Video. New Video Explains How Businesses Can Effectively Manage their Accounts Receivable Process.