If your account is with PRA Australia, it is important you take the steps to resolve your outstanding account as quickly as possible as there are several benefits to having a paid account.
- Having your credit report updated (if applicable)
- Receiving a letter indicating your account has been satisfied
- You may qualify for better rates for your financing needs
- May improve your credit health and ability to obtain financing such as credit cards, line of credit, mortgage, etc., in the future
- Prevention of further collections activity or possible legal action