I'm Alex and I've just recently started on the path to understanding and managing my credit. I've got my credit reports from Equifax and Transunion and am working on getting the negative areas dealt with as best as possible. The biggest negative I have is an account in collections:
Reported By: Agency Name - EOS CANADA INC, Original Creditor - <Removed for Privacy>
Assigned: May 13, 2013
Reported: Jul 18, 2016
First Date of Delinquency: Dec 14, 2012
I know what it is and I'm willing to pay it off, but I want to make sure I handle it the best way possible. If I pay this off when will it be removed from my credit report? Does the date get reset? I've tried to find an answer but it feels like there is a lot of contradictory info out there.
Other info that might be important: I haven't made any payments or interacted with anyone about this debt at any point, so I don't think would be any new activity to reset it.
If anyone has any suggestions or needs more info please let me know. I really appreciate any help offered!