Build My Scores Sees Current Trend with Customers Paying Older Collections

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Paying older collections can drop your credit score. You also may not legally still owe it based on your states statute of limitations of the debt.

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Build My Scores, a credit repair services company, has recently been seeing a trend with customers paying on their older collection debts, and in doing so, reducing their credit score. Build My Scores coaches their clients in understanding credit laws and practices and helps them restore their credit score.

Creating a personalized strategy to prevent clients from making any mistakes during the credit rebuilding process, Build My Scores begins by doing a thorough investigation of the collections agency. They look into any inquiries on the agency, public records, and find how the agency received the debtor information. Build My Scores then does an audit of the three credit bureaus; Equifax, Experian, and TransUnion on the clients behalf.

The next steps taken are a validation of the debt and securing the original documentation from the collection agency. If the collections agency is incapable of producing the documents or validating the debt, they must remove the information from the customer’s credit report.
Before paying an old debt, Build My Scores encourages customers to first be aware of their state’s statute of limitations. The amount of time in a statute of limitations for debt collectors varies state-to-state. If the debt is older than the statute of limitations, the collections agency cannot sue for payments.

For more information about how to handle credit restoration or to find all the services Build My Scores provides, visit:

About the company:
Build My Scores is a total credit repair and enhancement company. Committed to delivering innovation, Build My Scores collaborates with referral partners such as mortgage, real estate, and banking professionals to help them with their clients that are facing credit challenges.

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Justin Camper
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