Credit report problem

A

agrotzky

Guest
Myhusband checked his credit report for the first time only to find out that he has a negative item in collections. It's from the gas company, essentially he was living with a group of friends and the gas bill was in his name. He stupidly assumed that they would continue to pay after he moved out, but they didn’t.

Regardless the amount on the credit report is for $916, now I assume if we try to pay it they are going to add on tons of interest. But at the same time we would like to try and increase his credit score because we are looking to buy a house soon.

What’s our best strategy??
 
The use the term of "credit report/score" and the mention of $s suggests to me that this may be a US based query. If so please note that Askaboutmoney.com is an Irish site and you may be able to provide advice on personal financial matters to people in other jurisdictions/countries.
 
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