Epic Contributor
Posts: 23,420
Registered: ‎03-19-2007
Re: Old Account.....Pay off or let it stay

The issue of whether to pay old, delinquent debt is not simply a FICO scoring issue.

The presence of any unpaid, delinquent debt can be a real show-stopper in any future credtior decision making.


Eventual exclusion of the fact of the delinquent debt from your CR will prevent others from learning of its presence by simply pulling your CR, but they may have other means of becoming aware of its continued existence.  It is always best to have no unpaid, delinquent debt. 

Letting it stay unpaid is a personal risk decision.