due to some unforeseen medical circumstances, i became behind in my credit card and I now owe just $600 but the thing is due to lack of payment or letting it go over the limit due to stupid fees, they revoked my card. I'm wanting to improve my credit and I was wondering if I paid this all off at one time, what shows on my credit report?
2007-02-21 09:34:06 · 6 answers · asked by Anonymous in Business & Finance ➔ Credit
If you pay it all off at once then it should show paid in full
2007-02-21 09:38:15 · answer #1 · answered by Anonymous · 0⤊ 0⤋
If these are the circumstances...how then...do you have $1000 for a down payment on a house? If you contact the credit card agency....there is a good chance they will "settle" for a lesser amount...will have a negative affect on your credit report, but so does not making the payments......better settle with them..and quit incurring additional fees...before you know it that $600 will be $2000 and you'll be getting sued.........you can work to improve your credit score in other ways.....
2007-02-22 15:32:51 · answer #2 · answered by Shelly B 5 · 0⤊ 0⤋
You should definitely pay what you have when you have it. If you do not you will continue to go further in debt as you don't get the payments made. In fact there is a very good book by Dave Ramsey called "The Total Money Makeover" which talks about how to get out of debt and stay out of debt. My wife and I paid off $10,000 worth of debt last year. It is not a get rich scheme, just a very well put together plan.
2007-02-21 17:54:02 · answer #3 · answered by David J 2 · 0⤊ 0⤋
Step-by-Step Credit Repair Guide: Bad credit can frustrate your efforts at getting a credit. Hence ensure you keep your credit report clean. If there are any errors in the report, undertake credit repair to clear out any errors. This can be tiring and frustrating, but highly rewarding. Though law recognizes and protects your rights, it is your duty to remove any anomalies in
2007-02-22 07:50:26 · answer #4 · answered by juli o 3 · 0⤊ 0⤋
It will definitely look better if you paid it off now rather than not paying it of and just keep making payments. I would say if you can do it, pay it off!
2007-02-21 17:39:17 · answer #5 · answered by ebeez85 2 · 0⤊ 0⤋
i have over 10,000 dolars in medical bills! did i pay? hell no!! it went to collection agencies and i told them to screw off! that simply means my credit is no good! who cares1 at least i am not!! paying ten grand for priocedures that should cost 50 dollars! i pay by cash and carry anyway! who the hell cares about those greedy credit card bastards!
2007-02-21 17:44:13 · answer #6 · answered by Anonymous · 0⤊ 0⤋