I just checked my FICO score and I have a collection on my report. This is an excerpt from the "negative" reason codes: There is no "quick fix" to improve the score if the derogatory public record, collection item, or serious credit account delinquency appearing on your credit bureau report is valid. ***Bear in mind that satisfying or paying off the collection item or derogatory public record will not remove this information from your credit bureau report. The fact that it occurred is still predictive of future repayment risk, so it will still be considered by the score.*** A.K.A. It doesnt help to pay a collection unless you negot for deletion. Now morally it is still right to pay the collection but don't count on Fair Issac to give you any "credit" for it...
