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Personal Finances / Credit Cards and Consumer Debt


Subject:  Re: Collection Agency Settlement Letter Date:  2/22/2005  5:30 PM
Author:  Milligram46 Number:  197967 of 310997

Here is another thing to consider. if this is not on your credit report you could be in for a surprise - paying off this debt could LOWER your credit score. If the CA reports the payment, doing you a favor, then the bad debt shows "recent activity" AND guess what - it could sit for another seven years from that date of activity.

A lot of risks - I say walk...
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