lizkat11
Jan 21, 2008, 09:47 AM
Hi - My credit card debt is about 3-4 years into the SOL. I have debt with about 4 or 5 creditors and went into debt as with my creditors after a job loss. As with most, I was unable at the time to pay enough of my balance to prevent my creditors from reporting it, which they did quickly.:(
I realize, from doing some research, that making even some payment or "settling" on these old debts can make an old debt new again..
Can you filter what I'm trying to say and tell me if I should settle with these creditors at this point. My question is: Would it help my credit score to do so.. What's my best course of action to improve my credit score at this point. (I do have some positive on my score; but this negative concerns me... ) Thank you... :)
I realize, from doing some research, that making even some payment or "settling" on these old debts can make an old debt new again..
Can you filter what I'm trying to say and tell me if I should settle with these creditors at this point. My question is: Would it help my credit score to do so.. What's my best course of action to improve my credit score at this point. (I do have some positive on my score; but this negative concerns me... ) Thank you... :)