I generally encourage people to make good on debts when they...

I generally encourage people to make good on debts when they have enough money to repay them. But once a delinquency has been reported to a collection agency, paying it off won't help your FICO score. The damage has already been done, and the blemish will remain on your credit report for seven years.

Suze Orman Quote About Collection, Credit, Damage, Debts, Encourage: I Generally Encourage People To...

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