Jump to content


Paying off Collections, What happens after?

Recommended Posts

Hi! I finally decided to become responsible after a few years break
I have some collections for credit cards that younger me racked up. Sadly, I didn’t think about it and let it make its way to collection. I owe about $8000. I want to pay them off as I decided that it’s about time I get my finances straight.
I want to buy my very first home at the far end of next year, is that even possible? My credit score is horrifying.
I’ve been researching online, reading forums and found amazing tips. One question that I’m still a bit confused about is that, once I pay off all my collections, what happens next? I plan on getting them paid of before this year is over, or as soon as I possibly can within the next few months.
I have no open credit cards. Just student loans that was defaulted but back in good standing.
Any advise, any tips would greatly be appreciated!!! Thanks!
Sent from my iPhone using Tapatalk

Share this post

Link to post
Share on other sites

In order to take an effective inventory of the negatives that you need to address you need to get hard copies of your credit reports mailed to you by each of the three major bureaus + Innovis.  


Welcome, and congrats on taking your first step.

Share this post

Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now

About Us

Since 2003, creditboards.com has helped thousands of people repair their credit, force abusive collection agents to follow the law, ensure proper reporting by credit reporting agencies, and provided financial education to help avoid the pitfalls that can lead to negative tradelines.

Important Information