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I have a $243 collection account on my credit report from 2012. If I pay this debt will it stay on my credit report for another 7 years?

I want to pay the debt, but I also want to buy a house. Is it better to pay the debt, or wait for it to drop off on its own?

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  Answers  |  1

August 30, 2017

Yes, it will remain on your account for 7 more years. Any interaction with the creditor restarts the clock on the statute. However, you can ask for removal in lieu of payment, but be advised that it's up to the creditor.

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