Legal Question in Bankruptcy in California

I went abroad for couple of years and in the mean while one of my bills went to collection. this was 4 yrs ago. Now I'm back and was wondering if it would help my credit score if I paid the amount after 4 years. It's only $95 but I heard that after 7 yrs it will be removed from my credit.


Asked on 1/10/10, 7:49 am

1 Answer from Attorneys
Asaph Abrams Law Office of Asaph Abrams

An unpaid bill will lower your credit score and hamper attempts to obtain a future loan. If you plan to take out a new loan in the foreseeable future, it makes sense to pay it (give the relatively nominal amount) and ensure the creditor reports it payment to the bureaus.

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Answered on 1/15/10, 9:17 am


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