One of the biggest myths involving credit repair is that once an account has gone into collections, you must wait seven years for it to be removed from your credit report. This is definitely inaccurate yet the bureaus WANT you to accept this as truth. The only reason they want you to believe this is because it keeps their workload down.

There are several levels to having an account go into collections: The first are collections within the organization that initially extended the credit. There are the calls from