i have a charged off credit card from 5 years ago. when i first tried to make payment arrangements the agency told me that i could only either make the full payment, pay half then the other half at a scheduled time, or pay it in three payments. it was still too much for me at the time and i couldn't find enough funds for any of those options. due to not making much money at the time, i didn't try again to pay it. i spoke to a new agency recently that told me i can now make monthly payments (which will still take a few years to pay off). however, it's been five years now and i have actually been able to rebuild my credit score which is around 650 now. is it worth it to do the monthly payments for a few years or should i wait another 2 years for it to fall off my report? i can do the monthly payment but i am also a full time student still struggling. any advice?
2007-08-18
17:14:16
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5 answers
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asked by
Bethy C
2
in
Credit