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dgil97

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is it possible to payoff a closed derogatory account if so will it help ?
im wondering if its possible to pay off a closed derogatory account and if it will help my credit score and if it will take my derogatory status off ?

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If you pay off the derogatory it will remain on your report for the 7 years unless the creditor agrees to accept payment for deletion.   A paid derogatory looks a whole lot better to everyone then an unpaid one.   Creditors understand that things happen, how you handle what happened is important to them as well as your credit score.  You score won't increase, although it may have a whole lot impact on a credit decision to see it paid.

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