Debt collection | Consumer Financial Protection Bureau
Debt collection | Consumer Financial Protection Bureau
3 months ago
consumerfinance.gov
How to remove collection accounts. Collection accounts can have a significant negative impact on your #credit and financial health. Here’s why you should avoid them and what you can do if you have collection accounts: Why you should avoid collection accounts: \t1.\tCredit Score Damage: Having a collection account on your #creditreport can seriously damage your #creditscore. It’s considered a major derogatory mark. \t2.\tReduced Access to Credit: Lenders may be hesitant to extend credit to indivi
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