2007-03-09 09:27:23 · 10 answers · asked by Anonymous in Business & Finance ➔ Credit
yes it will. It is always better to show past due bills as being paid off.
2007-03-09 09:35:07 · answer #1 · answered by Jack Chedeville 6 · 0⤊ 0⤋
I would think that paying your bills would help you very much. It will give you creditability and they will know that you are at least trying to better your financal situation. It takes a long time to make a good credit report after one has been bad. Pay the bills and save a little, and that helps your credit report. Paying on time also helps a lot..
2007-03-09 09:42:41 · answer #2 · answered by eatdrinkandbemerry 2 · 0⤊ 0⤋
The short answer is 'YES'. However, depending on the type of debt and how old the debt is will determine your course of action.
You may be able to negotiate a settlement offer with the creditor or you may be able to 're-age' your accounts if re-negotiating a payment plan.
Your goal should not ONLY be to re-pay your past due debts, but also to gain the best possible outcome for your credit.
If you negotiate a settlement with a creditor, make certain that the phrase 'without recourse' is in the language of the letter.
If you are re-negotiating a payment plan, it is important that the creditor 're-age' your account and report it accordingly to your credit report.
In both cases, get all agreements in writing.
2007-03-09 09:48:27 · answer #3 · answered by Anonymous · 0⤊ 0⤋
I no longer feel bad about embarrassing credit checks and I never get declined for credit. I entered my info and got my credit report restored. Try it out, you won't be dissapointed.
2007-03-09 09:38:16 · answer #4 · answered by Chang R 1 · 0⤊ 0⤋
yes, any time you pay off old debt you increase your credit, get off all bad credit on yoru credit report... call credit cards that you dont use and get rid of them... they dont need to be on yoru credit report...that will also increase your score
2007-03-09 09:36:44 · answer #5 · answered by tropicalg77 2 · 0⤊ 0⤋
yes it will!!!
it will take some time like 6 months to a year but this is your best bet..
2007-03-09 10:20:19 · answer #6 · answered by shorty21 5 · 0⤊ 0⤋
Of course.
2007-03-09 09:31:13 · answer #7 · answered by The Rabbi 5 · 1⤊ 0⤋
maybe 10-16 pts per item??
2007-03-09 09:34:07 · answer #8 · answered by *G* 3 · 1⤊ 0⤋
Not much
2007-03-09 09:31:09 · answer #9 · answered by Dan 2 · 1⤊ 0⤋
it will, but not much
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2007-03-09 10:21:40 · answer #10 · answered by Anonymous · 0⤊ 0⤋