Collects Payed Off

[mrprofesisonal32]

I have some unpayed bills on my credit report. I am in the process of negoating to pay them off. The questions is. Next year will be 7 years sense these unpayed bills were on my credit report. If I pay them off will it still stay on my credit report for another 7 years if I pay them off??

Thanks

[kailix]

hi

I actually came to this site looking for the answer to that same question, and I think this link on the site answers it: http://www.creditinfocenter.com/creditreports/cr_time.shtml

Sounds like, no, they can't but they might and so you (we) will need to fight it.

[kevin3344]

Paying a CO will not change the Date of 1st Delinquency. However, it might affect your credit score. I would try a DV first before paying any CA.

________

Wellbutrin Lawsuit

Edited September 9, 2011 by kevin3344

[hiblues]

Kevin is right.....

also,

read the primer first before paying..

http://www.debt-consolidation-credit-repair-service.com/forums/showthread.php?t=263069

always negotiate a PFD when you make payments.

There is a common misconception that paying off a collection will make it go away or make it way less ‘severe’

The damage is already done, a paid of collection is only slightly better than an unpaid collection. If it remains on your credit report, it’s hurting you.

What you want is it to be deleted.

[JessFolk]

You know after 7 years those negatives are suppose to come off your credit report? If its been longer then 7 years of reporting time(since last payment) then dispute with CRA that they are out of sol. In fact dispute them first, they might come off on their own!

Update 7 and half years...but most times they come off around 7.