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So i have decided to start paying off bad debts from 2 years ago. I had 4 credit cards charged off and now I would like to get started paying them off.

I have heard that paying charge offs ca actually be detrimental to credit repair efforts. Why is this? Would late payments from 2 years ago have more of an impact if i started making payments?

Sub: #1 posted on Mon, 07/28/2008 - 01:14

alias1958 alias1958

(Posts: 1230 | Credits: 79.88)

First off, pull your credit reports from all 3 CRA's @ See how they are reporting and see if the OC still owns the debts. What state do you live in? That will help determine SOL for legal action. 2 years has reduced the impact of the CO's a little and paying now will show recent activity which will tank your scores. You still amy want to lay low if you are still w/in SOL because you may wake a sleeping giant. More details please

Sub: #2 posted on Mon, 07/28/2008 - 07:02

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