Debt collection can have a significant impact on your credit score, affecting your ability to secure loans, credit cards, and even rental agreements. When an account goes to collections, it is reported to the credit bureaus, potentially lowering your score and staying on your report for up to seven years. However, the impact can vary based on factors like the age of the debt and whether it’s paid or settled. Understanding how collections work and how to mitigate their effects can help you regain financial stability and protect your creditworthiness.