To have a lot of delinquencies on your credit, but for it to show you have paid your balances off or at least mostly off? Or to have charge offs and settlements?
Amounts once delinquent but paid are probably better than charge offs settled, both in FICO, and in developing banking relationships that produce competitive terms.
Good call OnTrack! It is always better to pay off your collection accounts. Even though you went through a rough financial period and you had to neglect some obligations to repay creditors it always looks better when you can come back and repay them what they were originally owed when your financial outlook has improved. It shows financial responsibility. Not to mention it can improve your credit score. If you ever need help reestablishing your credit I will be here to help free of charge. Good Luck to you, Jim Baldwin CEO Captiva Financial (800) 446-0087 jim@captivafinancial.com www.captivafinancial.com
