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Today in CreditJungle.com, George Anderson discusses how to deal with collection agencies that have put negative items on your credit report. If you have already paid the account, you may not have much leverage as it can still hurt your credit report. The issue lies in the fact that the account goes from being an old collection with a balance to a new one with no balance, which impacts your credit negatively. It is important to understand the implications of paid collection accounts on your credit report.