Does paying an apartment debt help your credit?

Question

Does your score go up for paying an apartment debt of 450? Now showing paid in full.

Answer 1

Only if you can get a pay for delete agreement otherwise paying old collection accounts actually hurts your score because they become current rather then old accounts.

Answer 2

If it was an older collections account, then no. Paying old debts (24 months or older) usually hurts your credit.

Yeah, I think it is dumb too. You did "the right thing" and got punished for it.

Answer 3

Paying off any debts helps you to improve your credit score.  But  mainly helps to clear it off from your credit report. As you need credit report to get a loan, car, home etc. So that does effect.