i dont want to not pay old collections, but i dont want my score to go down? i am doing too good!! so now what

Answer 1

I think you should ethically always pay off all of your obligations. Here is an article I read today: it talks about the impact of paying off old debt and the gliches in the FICO scoring system.

http://articles.moneycentral.msn.com/Banking/YourCreditRating/WhenPayingBillsCanHurtYourCredit.aspx

Answer 2

Your score goes down because those old debts now show up with recent activity on your credit report. That puts them much closer to the top of the list, and the most recent items on the list have the most influence on your score. There's nothing more you can do. You have to wait for those items to age a bit. Then your score will increase again.

. The honest thing to do is pay, but the smart thing to do is not pay.

Answer 3

Poision Ivy is right.
The longer a collection remains unpaid the less impact it has on your credit score. Making payments or paying off old accounts will make the activity more current and your score will drop. Sometimes doing the right thing, is the wrong thing.
Just wait it out.

Answer 4

Paying old collections will make your score go up. Your question doesnt make much sense to me.

Answer 5

If you haven't paid on something you legitamately owe, you're score is going to go down anyway. Pay off what you owe and then continue to enhance your score after that. Good luck!

Answer 6

So do you want to pay the collections, or not? You should pay it, you racked up the debt. Paying it off will not hurt your credit, and will stop creditors from pursuing other legal remedy.

Answer 7

u will have to pay the debt--you incurred it-- you owe it--yes score will go down