Wednesday, June 8, 2011

If I start paying off old debts, will my credit score intially get worse before it gets better?

I have often heard that since older accounts don’t affect your score as much as newer ones, that paying off old debts that have been neglected will actually initially make your score worse since these bad debts become current due to recent activity. I know that paying these off will obviously help in the long [...] http://bit.ly/ihhUJ5

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