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NoSoup · 05-21-2003, 08:49 PM

Tricks:

The answer is fortunately, yes.

Depending on the type of collection accounts that they are, they will fall off your credit bureau in 7-10 years...

They sooner you pay them, though, the less they hurt your credit, and although strange, sometimes bad credit is better than no credit at all.

The more time that has passed between now and when the collection was opened, the less it will hurt your credit

Thanks for posting!

05-21-2003, 08:49 PM	#3 (permalink)
NoSoup Non-Rookie Location: Green Bay, WI	Tricks: The answer is fortunately, yes. Depending on the type of collection accounts that they are, they will fall off your credit bureau in 7-10 years... They sooner you pay them, though, the less they hurt your credit, and although strange, sometimes bad credit is better than no credit at all. The more time that has passed between now and when the collection was opened, the less it will hurt your credit Thanks for posting! Last edited by NoSoup; 05-21-2003 at 08:52 PM..