Here is the riskiest option for dealing with collections account on credit report. In fact, before you read about this option, I should tell you that I think paying your debt is your responsibility. It is always the right thing to do.

Collections Account on Credit Report: Option #4

But some folks do not suffer from a crisis of conscious, so they want to employ this option for dealing with a collections account on credit report. They simply refuse to pay the collection item, arguing these pros:

Your credit will be only nominally affected four years from the last payment you made on the account, and it will being to improve significantly in as little as two years. And of course, if you do not pay the collections account on credit report, you have lots of room to try to negotiate for a letter of deletion down the road.

But before you employ this option, be sure you know about the cons:

1. You could get sued.
2. Creditors will continue to contact you.
3. Your will never satisfy your agreement with the creditor.

You would be far better off using one of the other options:

• Collection Accounts on Credit Report: Option #1
• Collection Accounts on Credit Report: Option #2
• Collection Accounts on Credit Report: Option #3