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In this video tutorial, George Anderson discusses how to handle collection accounts on your credit report, specifically when you've already paid them. While there are avenues to contest negative items through credit bureaus, paid collections can still negatively impact your credit score. Once a paid collection appears on your report, it can reset the age of the account, making it look like a new collection account with no balance, rather than an older, resolved issue. This shift can further harm your credit standing, emphasizing the importance of addressing how these accounts are reported even after payment. For more details, visit creditjungle.com.
