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i just went through my credit report and i have some accounts charged of as bad debts.that is because i was out of the country for over a year due to some health issues.anyways now am back fully recovered and i have to take care of all my obligations. i didn't do any payments all this long. that means i don't have to pay off these balances?

You should register for a free consultation and they can give you an idea of how to clear this up :lol: . How long have you not paid on any of your debts :oops: , have you checked the statute of limitations on the debts?

I would suggest that you talk to a debt counselor in regards to your current situation. Other people will be along to give you their input.


Sub: #1 posted on Mon, 09/03/2007 - 20:47

ladybug ladybug

(Posts: 2757 | Credits: )

Just beacuse they charged off a debt, doesn't mean that you don't still owe on it.

In most cases, they sell the charged off account to a Collection Agency. If you haven't started getting letters or calls, there is a chace that you will.

If you are wanting to take care of these debts, you might give the original creditors a call and see if you can take care of the debt-that is with me assuming you haven't paid in a year.

I did this with a charged off account, and was able to pay it in full, which helped my credit.
Feel free to ask questions..KAren

Sub: #2 posted on Tue, 09/04/2007 - 08:02

Bossy4455 Bossy4455
(Posts: 5854 | Credits: )

half of my the things on my credit have been late or ontime but paid in full the other half still remain. Most of it is charged off accounts plus a repo and another auto loan currently in good standing. Im thinking of paying off all the bad stuff on my credit becuase i really want to get a house and refi my car in aabout another year..will paying off all my old charged off debt improve my credit standing? can i consolidate all that debt and pay on it? is it even worth it? or should i wait for it to go away?

Sub: #3 posted on Tue, 09/09/2008 - 21:39


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