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Need your advice on $ problems
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<blockquote data-quote="trinityroyal" data-source="post: 159705" data-attributes="member: 3907"><p>Steely, please don't worry about your credit rating being <strong><em>permanently</em> </strong>altered. Eventually, even a bankruptcy is expunged from your financial records. (I think the limit is 7 years)</p><p></p><p>If you settle your debts it will look better than if you default on your payments. And, if you keep up with regular payments once you have settled, then your credit score will keep improving until it's back to where it once was.</p><p></p><p>Each time you make a monthly payment, the credit bureaus record that. When you have a track record, month to month, of making payments on time, the credit bureaus raise your score.</p><p></p><p>It'll be okay, really it will.</p><p></p><p>Trinity</p></blockquote><p></p>
[QUOTE="trinityroyal, post: 159705, member: 3907"] Steely, please don't worry about your credit rating being [B][I]permanently[/I] [/B]altered. Eventually, even a bankruptcy is expunged from your financial records. (I think the limit is 7 years) If you settle your debts it will look better than if you default on your payments. And, if you keep up with regular payments once you have settled, then your credit score will keep improving until it's back to where it once was. Each time you make a monthly payment, the credit bureaus record that. When you have a track record, month to month, of making payments on time, the credit bureaus raise your score. It'll be okay, really it will. Trinity [/QUOTE]
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