Flipper762 Posted March 1, 2005 Report Share Posted March 1, 2005 I have a old account from 2000 with Cross Country Bank. The have me with a balance of 751 dollars on a 250 dollar crdit card. I closed the account on my own due to the unethical business practices at CCB and I have not heard from them since. My wife and I will be going to close on our first home sometime in June so my question is should I try to settle this account or just let it fall off. Link to comment Share on other sites More sharing options...
firstsource Posted March 1, 2005 Report Share Posted March 1, 2005 It depends on what kind of lender. If a Sub-Prime or Alt A, then don't worry about it. If it is a prime/conventional type loan/lender, then I would make a deal with CCB in May, best you can, and pay that amount at closing. If you pay before then, it will just hurt your credit, as the DLA will be very new instead of about 5 years old. Charles Link to comment Share on other sites More sharing options...
Flipper762 Posted March 1, 2005 Author Report Share Posted March 1, 2005 My wife and I are trying to clean up a bunch of CA and Charged Off accounts will doing this before May drop our scores? Link to comment Share on other sites More sharing options...
firstsource Posted March 2, 2005 Report Share Posted March 2, 2005 It depends on how recently the charge offs are. I would go to the credit repair part of our forum and ask the experts there the best way to handle paying things off, to get your scores in the best shape possible. Most sub-prime lenders don't ask you to pay charge offs that are over 2 years old. Charles Link to comment Share on other sites More sharing options...
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