Will paying off my delinquent credit cards help me or will my credit stay the same?
I applied for 3 credit cards at about the same time 2 years ago. They all got maxed out, and I never paid any of them after a while, and they got sent to collections. I paid off one, but it didn’t seem to help me any in terms of the score. Will paying off the others help? I need to raise my score, but if paying them off won’t help me I’d rather wait until I had a good paying job to settle them. I am on the phone with one of the credit people now as I type, but I need assistance on what to do ASAP!!! Please help!!!
Tags: Cards, Credit, delinquent, Help, Paying, Same, stay
Pay off the debt that you owe, dont’ be a deadbeat.
Do you have any idea how much interest you are giving them
at 14-25%. That is money you are throwing away. If you paid them off, that money would be in your pocket to do things like creating interest for you (savings, CD’s, money market).
Paying one of them probably didn’t help your score because the other two were still unpaid. You should pay off these cards now. They are not going away and could take you to court.
You will need to have at least 12 months of on time payment history to offset those 3 negatives.
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Good luck!
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