Posts: 12,952
Registered: ‎04-15-2011
Re: Old Account.....Pay off or let it stay

There's plenty of time to get this done.  I almost always suggest paying the debt, or at least settling it.  It just keeps the more bottom feeder CAs from popping up in the future.  As far as the CRTP or SOL clock being reset, it depends on your state, but I seriously doubt it.  One of the things I always tell people is never acknowledge the debt was yours, even if you're paying it off.  Don't say it's yours.  Never agree to new payment plans, this can come back to bite you.  Key to this is to look at your reports and see what the DOFDs of the accounts are.  Look into that and post back.  Good Luck!

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July 2013 score: EQ FICO 819, TU08 778, EX "806 lender pull 07/26/2013
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Current scores after adding $81K in CLs and 2 new cars since July 2013
EQ:809 TU 777 EX 790 Now it's just garden time!