Question..
I am confused about credit scoring stuff..
If you have a few debts outstanding on your credit report, and you come into a fairly large amount of money- and you pay those debts off, outright, what does it do to your credit score?
Does it still take 7 years for it to change?
There's no doubt that it's going to be paid- we get the money, we pay it, but I was curious as to what happens when you do pay the outstanding debts.
If you have a few debts outstanding on your credit report, and you come into a fairly large amount of money- and you pay those debts off, outright, what does it do to your credit score?
Does it still take 7 years for it to change?
There's no doubt that it's going to be paid- we get the money, we pay it, but I was curious as to what happens when you do pay the outstanding debts.