My husband and I worked for the same company about 3 years ago and it unexpectedly closed - and we were both without a job. Due to this, we drained our savings while we tried to find new jobs. I still have not. We have several charge offs on our credit. We have three open accounts now in good standing (have never been late)! Should I pay off all the charge offs? And if I pay the balance will they remove it from our credit report? What is the best way to raise the overall score quickly other than just paying your bills on time.
2007-04-20 16:59:22 · 7 answers · asked by Carrie T 3 in Business & Finance ➔ Personal Finance
We don't have credit cards any longer - they along with other bills are now charged off on our credit. I need to know since they are around 2-3 years old if I should pay them off and if I pay them off will they remove it from our credit?
2007-04-20 17:05:50 · update #1
I would indeed suggest paying off your past credit history so you don't have any outstanding negative accounts on your credit history as these are always going to look bad if you don't. Then to raise your credit score get an auto finance paying an auto loan payment on time will increase your score profoundly in a short period of time.
2007-04-20 20:04:29 · answer #1 · answered by the man 3 · 0⤊ 0⤋
Pay your bills on time, pay off your credit cards and keep little or no balance on them also have only one or two cards.
2007-04-20 17:03:02 · answer #2 · answered by ฉันรักเบ้า 7 · 0⤊ 1⤋
the bad debts stay there unaffected by whether or not you pay them. outside of filing bankruptcy while maintaining your open accounts, there is no quick fix. you need to establish new credit and yes, it takes time to show your willingness to pay.
2007-04-20 17:05:19 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Cancel all of those lousy department store cards like, macy's, nordstorm ect, dont have high balances on your credit cards.
2007-04-20 17:04:25 · answer #4 · answered by SuperCobra 1 · 2⤊ 0⤋
pay off the credit cards and make sure your credit reports are correct...
2007-04-20 17:02:47 · answer #5 · answered by Chrys 7 · 0⤊ 1⤋
PAY OFF YOUR CREDIT CARDS
2007-04-20 17:02:59 · answer #6 · answered by edna t 2 · 0⤊ 1⤋
paying them off will not remove them totally from your credit.
because you still didn't pay them on time.
i would still pay them off.
2007-04-20 17:07:09 · answer #7 · answered by Sufi 7 · 0⤊ 0⤋