Posted on: 27th Sep, 2012 01:26 am
I have been trying to repair my credit. In this process, I have been disputing items for 6 months now. My Score is under 600 and I have about 8000.00 in old debt. These are bills which I quit paying years ago when I was young and dumb. All are still within the statue of limitations. However, I do have a Repo from April 10 for 5300.00. I would like to pay all my bad debt off but I am confused if I pay in full or settle them at this point. I am not sure what will be better for me. My goal is to clean up my credit and get a house. Thank you so much for your help!!
If you can pay off your debts in full, then it will definitely be considered as a good thing and will definitely have a positive impact on your scores. However, if you can't pay it off in full, then settling the debts will be a good option.
Sometimes it's good to pay things off but sometimes it is not. Thanks!!!
[Phone number deleted as per forum rules. Thanks.]
[Phone number deleted as per forum rules. Thanks.]
Paying your debt on time and in full will surely have a positive impact on your credit score. Again, you need to keep in mind that before disputing any item, you should ensure that the item has indded been recored wrongly in your credit report.