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SpiritWolfy

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Paid debts, what now?
Debts paid

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Edit above..

Sorry was confused on the posting part.. 

So I have paid off some debts, and been looking for some clear info on whats next, from what I've read all across google that after you pay a debt, another lender will buy the account even knows its been paid and report they bought it, which will renew it for another good 7 years...

So when you pay a debt my question is a very simple question, Is it possiable to get that info off your report as it seems to affect the score negatively by remaining there. 

so that way I don't have to keep watching it be reopen near the 7year mark.. (according to google)

Thank you.

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Relax.

You can't believe everything that is posted on the web.  When a debt is paid in full, it is still part of your credit history and will be reported for 7 years, which is the normal credit history time period future lenders look at.  If your payment history on these accounts is excellent, the accounts may show for 10 years and that is EXCELLENT because that is positive information, and we always want positive information. Once an account is paid, no one can re-open it for collection.  I suggest you review the articles presented on this site because they are very good at explaining credit, and that is the purpose of Credit Karma.

Reply by
SpiritWolfy

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is it still considered 'postive' if you paid for less then full?

our group is trying very hard to pay its debts and they are legitmently stopping us from signing leases and even potential houses

we don't have 'allot of debt' but we have the 'damaging kind' the issue is we've had to settle most of our current debts for less then full, due to the fact we're disabled... we just can not get that kind of money together, no matter what we do, our finances no matter how we twist and turn it, simply just doesn't allow it.

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