How do Unpaid Collections Affect my Credit Score?
A lot of peoples’ credit scores take a hit for unpaid collections reporting in the public records section of their credit reports. These kinds of collection items include unpaid parking tickets, speeding tickets, traffic fines, cell phone bills, and utility bills. The good news is that as soon as you pay off debts like this, you can ask the creditor to remove their collection notice from your credit report. And, many of them will do just that.
If one or two collection items were the cause of your low credit score, once these collections are removed it should fix your credit score, which should instantly rebound. When it comes to fixing credit scores, this is actually the only way it can be instantly fixed. Everything else takes time.