Countless Americans are struggling to pay bills and Georgia residents are no exception. Unfortunately, for some individuals who cannot keep up with payments, those bills head to collection accounts. Georgia is among the states with the highest numbers of such accounts. Once an account is in collections, it can cause your credit score to take a major hit, however, while those accounts stay on your credit report for seven years, you can take some action to mitigate the damage.
Cassandra Happe is an analyst with the personal finance website Wallethub, which conducted a recent study on those accounts across the nation. She discussed the situation with WUGA.
