A question you might be asking is “will paying off all of my bills return my credit to good standing and have that item deleted from my credit report?”
Although this is a logical assumption to make, it is not true.
An item will actually appear on your credit report longer if you pay it than if it goes unpaid. The seven-year max required listing starts over again. Surprisingly, a negative debt that has been paid in full is not viewed any differently than a debt that has not been paid, and has a negative listing.
It becomes difficult to do this process all by yourself, you may sink even further. Call818-435-4364 so we can provide you with more information on your credit before you take any action. We want to make sure you are doing what is best for you.
Posted via email from ecreditadvisor's posterous by SocialNetGate
