Paying off Credit Cards
Date: Sat, 08/25/2007 - 00:03
Also where can I just post some background information about what is going on with my debt, etc.?
It will not renew the reporting period as that is illegal. I wou
It will not renew the reporting period as that is illegal. I would think hard before paying as the debt is freaking 7 years old already. You may post general questions relating to a credit report in the credit repair forum.
Well this is where I am getting confused. If these things are co
Well this is where I am getting confused. If these things are coming off my credit report. I should just not pay??? That doesn't seem right! Wouldn't I want to pay it let them put the paid or setlle mark on it and have the whole thing come off in a couple months??
I Have no idea!!!!! :shock:
There are various dangers to paying on out of statute debts. Eve
There are various dangers to paying on out of statute debts. Even though the reporting sol cannot be reset,if you settle on a account and don't have a paid in full letter,you could be sued for the full value of the debt as a payment resets the sol for civil action in most states.I agree with paying what you owe,but if it is gonna drop off report I would let it fall off and then think about paying it.
paying off credit cards
I just recently paid both my credit cards off and then canceled. Doesn't that mean that my score should JUMP sky high? :?