Navy blue and brown is a classic, and a blue suit and brown shoes, or navy suit and brown shoes, combination gives a light, summer-friendly look, but burgundy, tan and black shoes with a navy blue suit will work as well. Itâs just a matter of what style you prefer.
In general, a collection account will remain on your credit report for up to seven years plus 180 days from the date the account first became past due. The countdown to the account falling off your credit report begins 180 days after the start of the delinquency that led to the collection. For current residents of the state of New York, paid collections will remain on your credit file for only five years.
Collection letters are documents issued by collection agencies in order to extract unpaid debts from faulty debtors. They can also be issued by banks and credit card companies in order to send a warning to defaulters and to apprise them of the stern steps that the institution shall be forced to take in case of further non-payment and delay. 1  Collection letters must be curt and businesslike in tone.