How long does the credit report show late payments

After some consecutive on time payments your account is reported as current instead of delinquent and ???paid as agreed??? status in credit report is not considered as a negative mark.

However; you should negotiate with your creditor first that they will report your account as ???paid as agreed??? and try to get some written documents for this deal.

So if I settle with my credit cards after being 180 days late and they change my report to say paid as agreed and i get everything else that might be wrong out of my report should I look pretty good in a year or two? or will it be even sooner than that?

One other thing. What if they charge off my accounts before we work out a deal? Even if we work out a deal later, will my report show the charge off and how will this affect my report? Sorry to keep asking questions, but you guys know everything.

Don't let your account go charged off. If this status appears in your credit report, you will be entering a negative remark for the next 7 years. This will hurt you regularly whenever you will be looking for new credit.

Try to settle the debt before it takes a negative shape.

You do not need to worry at all if your credit report shows 'paid as agreed' towards a particular account. The creditors will have to update the accounts and they will do so after you have completed the payments with them. Stick to your payment plan with them otherwise they take back the benefits given to you.

Also, put everything in writing so that you have a record of every correspondence made. Try a smart negotiation with your creditors and you will be able to maintain your credit file in good shape.