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Updated almost 9 years ago, 03/13/2016

Jeremey Allen's profile image
Jeremey Allen's profile image
Jeremey Allen
  • from Wellsboro, Pennsylvania
  • Member since Feb 26, 2016
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33
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14
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Jeremey Allen's profile image
Jeremey Allen's profile image
Jeremey Allen
  • from Wellsboro, Pennsylvania
  • Member since Feb 26, 2016
Connect
Jeremey Allen
  • Wellsboro, PA
14
Votes |
33
Posts
Personal Finance

Paying Off Old Debt, or Let it Fall Off Credit Report?

Jeremey Allen
  • Wellsboro, PA
Posted

About 6 years ago I got sick and lost my job, and had to quit school. In this time, I racked up a lot of debt which I was not able to pay off. These debts are about to fall off of my credit report.

My question is, should I pay them off, or let them fall off the credit report? What effect will each of these options have on my credit score?

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