Depending on the state, any debt with no new activity falls off your Credit History after 7 years(5 in my state). Agreeing to pay, or making a payment, counts as new activity. Don’t pay on shit that you cannot afford to pay off in full over whatever time-frame. Don’t agree to payment plans that don’t reduce the debt with each payment.
Even if they agree to a lower total amount, it goes on your credit report as being written-off, which often has a worse effect on your score than ignoring the debt.
What did you do to make it go away? How do they get it to impact my credit?
Thanks!
Depending on the state, any debt with no new activity falls off your Credit History after 7 years(5 in my state). Agreeing to pay, or making a payment, counts as new activity. Don’t pay on shit that you cannot afford to pay off in full over whatever time-frame. Don’t agree to payment plans that don’t reduce the debt with each payment.
Even if they agree to a lower total amount, it goes on your credit report as being written-off, which often has a worse effect on your score than ignoring the debt.