Can paying a collector improve my credit rating and help me get new credit at a reasonable rate?
Yes, it certainly can. However, the process is not automatic. We hope in the following to give you the knowledge you will need to insure that should you repay your defaulted debt, you will maximize your chances to successfully apply and receive reasonably priced credit in the future. It is critically important that you negotiate for the proper statuses on your credit report and that you select the right financial services firm in the future. While you need to be sure that you are selecting the firm that will lend to consumers with your level of risk, you must also insure that your rates and terms are appropriate for your level of risk and not a more risky consumer.
