Re: OLD Defaulted loans. Rehab them? Pay them off?
09-17-2012 06:45 PM
For me, it would depend on what the rest of my credit looked like. You'll take a hit either way:
- Settle/pay off, and they'll drop sometime around 7/2013
- Rehab takes nine months, and finalize that around 7/2013. Then you could pay off and have good looking tradelines through 2016. (10 years)