credit score late payment
Credit report and FICO score, and the issue of late payment?
I had 3 credit cards passed to the collection of about 8 months and I paid them all right around that time. They come in all 3 credit reports as potentially negative credit because everyone says that 120 days in arrears. They also told me that this lower my credit score. My question is: I have 1 credit card that is 180 days past due and shows that the amount has been canceled. Would increase my FICO score or help my credit report if paid anyway? Not appear to have contributed to the credit cards I paid. I'm looking for feedback Personal … I just want a real answer.
Although other elements are still displayed even be negatively hurt your score unless paid. Payment of items discount to let them go, or settle for a lesser amount always help your credit, especially in the future when you try to credit elsewhere, shows that while mistakes were made that were at least responsible and pay for the mistake while if not paid at all seems irresponsible. This is especially so if you want to get a mortgage to buy a home within the next 7 years before they fall off your report.
How Does Negative Information Affect Your Credit Score?