06-21-2012 09:35 AM
I have a charged off credit card and my TransUnion report shows its estimated time to be removed as 7/12
Should I wait until August to see if its been removed and then try to settle the debt once its removed? Or should I pay it now and still wait for it to drop off?
06-21-2012 01:23 PM
06-21-2012 01:53 PM
Whether you pay or not it won't affect when it drops off. Sounds like you are good to go shortly.
06-21-2012 02:06 PM
Regardless of CR exclusion, there is still good reason to satisfy an old, unpaid debt.
CR exlcusion removes the normal access to the information by pull of your CR, but does not ensure that others wont be able to discover the unpaid debt.
Less likely with CR exclusion, but it is still out there and owed.
IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions based on Experian or Equifax data (additional FICO® Score versions based on TransUnion data are not currently available on myFICO.com). Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more
FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.