Should I pay a charge off that is over two years old by negotiating with the company that is collecting on the debt and if so, how will this benefit my score? If no benefit, should I allow myself six months to build up my score? My next question is should I validate the charge off first before paying it? what if I do a restricted money order and make a copy and send certified, is this enough to send to the credit bureau to get this debt showing paid?
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I would validate any debt at a collections company
over time having all your bills debts collections paid off will help your score
IF
you have 3 to 6 lines of open and rated (12 months payments) like car loans, credit cards and home loans.
anytime you pay something off it should be reflected on your report with in a 45 day time period
if not
just use my free credit dispute form and the record will get updated
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