Getting a collection item on your credit report will have undesirable effects on your FICO score. There are ways you can take control of the situation and remedy or remove the collection account altogether from your credit history. Here’s what we’ll cover: What’s a collection? How do I fix a collection? How does a collection item affect my FICO score? Collections: So What Are They Exactly? An account is in “collections” when the past-due amount is purchased by a … [Read more...]