Even an unpaid collection of $30 can hurt your credit score by 20 points or more. So the quickest way to repair your credit is to call up the collection agency that you owe the money to and ask the magic question, “Do you delete?” You are asking the agency to delete their collection from your credit report and instead report the account as “PAID” or “PAID AS AGREED.” Many times, the collection agency will say, “Yes” in return for paying off the debt. By Naomi M.

In our last, repairing your personal credit, post we discussed getting an accurate score or at least the one lenders will be looking at from www.myfico.com.  In this post we will be discussing the first thing you can do when you find negative information on your credit report. (more…)