Should I pay off a settled balance on my credit report?

Tips and Deals Forums Consumer Credit Improve Credit Should I pay off a settled balance on my credit report?

Viewing 0 reply threads
  • Author
    Posts
    • #407289
      Anonymous
      Inactive

      A while back, I settled for less than the full balance with Capital One and am considering now paying them the remaining balance in order to improve my credit score a bit. The dilemma is this: while the remaining balance is only about $ 135, I’m considering leaving it alone because the derogatory comment will come off as of November 2007. So I’m thinking that, if I pay this, by the time it’s actually updated on my credit report, it will only be about 9 months earlier than if I had just waited. Also, the Capital One rep said that paying it in full would NOT re-age the debt, which was a consideration. I guess it comes down to whether or not I’m willing to pay some cash to improve my score a little sooner.

Viewing 0 reply threads
  • You must be logged in to reply to this topic.
Register New Account
Reset Password