Since 2013, the United Receivables Group has pursued outstanding accounts for creditors. The United Receivables Group remains dedicated to treating customers with dignity and helping them find repayment solutions that may benefit their long-term finances, including their credit.

1. HOW DEBT
COLLECTIONS
AFFECT CREDIT
United Receivables Group

2. Introduction
• Since 2013, the United Receivables Group has pursued outstanding
accounts for creditors.The United Receivables Group remains
dedicated to treating customers with dignity and helping them find
repayment solutions that may benefit their long-term finances,
including their credit.
When a debt collector calls, they are most likely seeking repayment
for an amount that you owe to a credit card issuer or lender.The
collector is responsible not only for contacting you and attempting
to work out a repayment solution but also for reporting the status
of your debt to a credit reporting agency.
When a collector receives an account, the collector or the creditor
will change the status of the account on credit reports to indicate
that it is in collections.

3. Credit
• Because collections activity indicates that you have allowed the
account to become significantly in arrears, this notification may
cause your credit score to drop.The drop may be more noticeable if
the debt is larger and, depending on the practices of the credit
reporting agency, may be different depending on the type of debt.
Notice of an account in collection may remain on your credit report
for as long as seven years, during which time you may have trouble
securing a new credit card or a loan.You can improve your score,
however, by paying off the debt and by remaining current on other
accounts. Like the effect of a collections notification, the result of
this responsible behavior on your credit score may vary based on
the credit reporting agency's scoring model.