If you want to make wiser use of credit, then negotiating a settlement for any past due amounts can help you in developing the right mindset for avoiding future debt.
If I Pay Off A Collection Will It Stay On My Credit Reports For Seven More Years?
A summary of how traffic fines and library fines can end up on your credit reports
A summary of why your scores don’t normally go up after paying off a collection
A summary of what happens when you receive calls from a collection agency