Rebuilding Your Credit

[shamekapta]

I HAVE SEVERAL MEDICAL BILLS DATING BACK TO 2004, THEY RANGE FROM 99$-1400$,THEY ALL HAVE BEEN BOUGHT BY A CA, I CAN NOW BEGIN TO PAY SUM OF THEM OFF , BUT WHAT I WANT TO KNOW IS THERE A WAY TO GET A  PFD FOR ALL OF THEM / OR SHOULD I JUST TRY TO CONSOLIDATE ALL OF THEM INTO ONE MONTHLY PAYMENT LIKE A DEBT PLACE/ I AM REALLY TRYING TO CLEAN UP MY CREDIT, I JUST DONT KNOW WHERE TO START BUT I AM AWARE THAT TIME IS THE BIGGEST THING!!!!

[NuvaMcC]

What is the total of all collections?

Do you realize that they will no longer appear on your credit report after 7 years? I do not know if it is true or not, but some people believe that if you pay them it resets the clock and they will not fall off until 7 years from the paid in full date.

[MarineVietVet]

---

NuvaMcC wrote:

What is the total of all collections?

Do you realize that they will no longer appear on your credit report after 7 years? I do not know if it is true or not, but some people believe that if you pay them it resets the clock and they will not fall off until 7 years from the paid in full date.

---

Nothing can reset the CRTP (Credit Reporting Time Period). Whether a derogatory is paid or unpaid it can only be reported for a certain amount of time.

From a BK years ago to:
EX - 9/09 pulled by lender 802
EQ - 7/06-663, 3/10-800
TU - 8/10-772
You can do the same thing with hard work

[NuvaMcC]

Thanks for clearing that up. I wasnt sure if it was a myth or not.