Paying a debt does not remove them...they continue to report for the 7 years.
Really there is nothing positive about paying collection accounts. There is no rise in score for paying them off. Only positive thing is paying them off to avoid being sued...a judgment will lower your score further.
How to Deal with Illegal Loans..OhioGal's Primer
http://www.debtconsolidationcare.com/paydayloan/dealingwith-illegallenders.html
SOL for all states
http://www.debtconsolidationcare.com/statute-of-limitation.html
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Answered on 9:22 am Feb 22nd 2012
