Z
zbassman
Guest
I live in Texas. In 1994 I lost my job and was unemployed for 11 months. At the time I was carrying quite a lot of credit card debt. During my time of unemployment I defaulted on all the cards. Subsequently the CC Companies wrote off the debt and sold it to collection agencies.
My question is how long will this appear on my credit report?
At this time is it better for me to make payment arrangements and pay off the collection agencies, or to wait until the bad debt drops off my credit report?
Thanks.
My question is how long will this appear on my credit report?
At this time is it better for me to make payment arrangements and pay off the collection agencies, or to wait until the bad debt drops off my credit report?
Thanks.