A fundamental question in protein folding is whether the coil to globule collapse transition occurs during the initial stages of folding (burst-phase) or simultaneously with the protein folding transition. Single molecule fluorescence resonance energy transfer (FRET) and small angle X-ray scattering (SAXS) experiments disagree on whether Protein L collapse transition occurs during the burst-phase of folding. We study Protein L folding using a coarse-grained model and molecular dynamics simulations. The collapse transition in Protein L is found to be concomitant with the folding transition. In the burst-phase of folding, we find that FRET experiments overestimate radius of gyration, R g , of the protein due to the application of Gaussian polymer chain end-to-end distribution to extract R g from the FRET efficiency. FRET experiments estimate ≈ 6Å decrease in R g when the actual decrease is ≈ 3Å on Guanidinium Chloride denaturant dilution from 7.5M to 1M, and thereby suggesting pronounced compaction in the protein dimensions in the burst-phase.The ≈ 3Å decrease is close to the statistical uncertainties of the R g data measured from SAXS experiments, which suggest no compaction, leading to a disagreement with the FRET experiments.