Credit Advice

Have a question? Have advice to share? The combined knowledge and experience of everyone in the Credit Karma community can help you. Enter your question or help others below to get started!

Question

Posted in Paying Your Bills
Profile Image

Question By
hannahcondr

1 Contribution
0 People Helped
whats best pay old collections or let it fall off?
what looks better letting old deibt fall off it has about 1 or 2 years left. or paying the old collections? trying to improve score. after paying the collections can you dispute it to have it taken off credit report?

Your Credit Scores Should Be Free. And Now They Are.

View your scores and reports anytime.

SIGN UP NOW
All Responses

Results 1-3 of 3Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next
Top Contributor
10 Contributions
28 People Helped
Most Helpful Response

...

Helpful to 9 out of 9 people

If they only have 1-2 years left before falling off, I would leave them alone.  If you pay them off, they will re-age, which means they will stay on your credit reports for up to seven years from the time they are paid.  I would recommend sending them a pay for delete letter, which means you agree to pay the debt off as long as they agree to remove it permanently from ur report.  Only write to them, never talk to them on the phone.  Only pay them if you receive a letter indicating they agree to delete the debt.

1 Contribution
0 People Helped

thank you for your response!

1 Contribution
0 People Helped

Great question

Thank you for your insight. It will help greatly.

Results 1-3 of 3Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next

Your Credit Scores Should Be Free. And Now They Are.

View your scores and reports anytime.

SIGN UP NOW

Reply to this Question

Write your response:
Enter Your Comments

The Credit Advice pages of the Site may contain messages submitted by users over whom Credit Karma has no control. Credit Karma cannot guarantee the accuracy, integrity or quality of any such messages. Some users may post messages that are misleading, untrue or offensive. You must bear all risk associated with your use of the Credit Advice pages and should not rely on messages in making (or refraining from making) any specific financial or other decisions.