Re: fico- "paying past debts increase score." does settling also
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Posted by LadynRed
(199.91.33.254) on January 14, 2003 at 09:18:36:
In Reply to: fico- "paying past debts increase score." does settling also posted by stal on January 14, 2003 at 02:32:01:
Paying past debts will only raise your scores IF you can negotiate with the creditors to change their tradelines to 'paid as agreed' or 'paid'. Anything else, like 'paid collection' or 'settled for less than agree' or 'paid charge-off' is a NEGATIVE entry and it will NOT help your scores a single point.
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