Inter Next Technologies, Inc., Internet Marketing Services, Reno, NV
Call (Toll Free)
Community Area
Get FREE Counseling


Helpful Resources
Popular Discussions
Creditmagic Twitter
Credit on Facebook

Will it benefit my credit score to pay bills 7 years old?

Post reply  Start a topic
Author Message
Print this topic
Invite a friend
Email this topic
  Bookmark online
Add to
Add to YahooMyWeb

Joined: 16 Mar 2009
bmelancon's page
Posts: 1

25 Magic Points

Subject: Will it benefit my credit score to pay bills 7 years old?
Posted on Mon Mar 16, 2009 6:32 pm  

I have a credit score of about 650 and want to improve that score. There are 5 medical bills that are approximately 7 years old and turned over for collection. Would it benefit my credit score to pay these bills?

Joined: 03 Nov 2007
goodnatured's page
Posts: 3931

439 Magic Points

Posted on Mon Mar 16, 2009 10:30 pm  

At seven years they are ready to fall off, you should just wait and see what happens in a few months. When do they hit seven years?
for all the ways I make $$ online


Joined: 27 Jun 2006
carol's page
Posts: 1299
Location: Los Angeles, California

30054 Magic Points

Posted on Tue Mar 17, 2009 3:50 am  

Yes, since the debt is nearly seven years, I think that you need not pay off the debt because the debt will automatically fall off from your report after seven years and six months from the date you became delinquent. Once it comes out from your report, your credit score will automatically improve. However, in the meanwhile try not to make any late payments towards your existing debts so that you credit history improves. Even if you pay off the bills, your credit score will not improve because these negative items cannot be removed before seven years.
Keep in touch


Joined: 13 Aug 2007
sdchargers_63's page
Posts: 1883

1915 Magic Points

Subject: credit
Posted on Tue Mar 17, 2009 10:56 pm  

Good advice, CAROL. I have a few Medical Bills, myself ( and some other debts, as well) on my CR. However...........ALL of the 'Fall-Off' dates are in 2009. So..I'm not EVEN gonna touch them! I'm slowly, but, surely, getting my credit cleaned up a bit.

Quick Reply
Your Name
Message body
Page 1 of 1

Delete this topic Move this topic Lock this topic Split this topic 

Page loaded in 0.041 seconds.