During my annual free credit report check, I found out I had a collection from Verizon Wireless. I paid that off in full on May 19th. It has been over 30 days since I cleared it.
I am in dire need of a washer and dryer for my new rental house so I want to shop around, but I will have to put it on credit. Other than that collection, everything on my credit is superb.
My question is:
How long will it take for that collection payment to make all my credit reports clean? 30 days? 60 days?
Also, a little side question: Will that collection hurt my credit from now on even though I paid it off in full? Will it still remain on there but just say that I paid it?
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