It is always best to pay any debts you truly owe. Even if you are successful in having the listing of a debt removed from your credit report, you still owe the debt and any accruing interest and penalties (subject to your state’s applicable statute of limitations).
If you owe a debt you can not pay, you may be able to negotiate a settlement, or may be eligible for bankruptcy. Try to avoid these situations whenever possible. Otherwise you may find that you need credit repair help.
Others who have viewed this page also viewed these pages:
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Credit Report Repair – How to remove mistakes and errors on a credit report.
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Removal of Bankruptcy report – Under certain circumstances you can get a bankruptcy credit listing removed.
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Does paying my bills restore my credit? – Paying bills will help improve your credit score.
