What does bad debt written off mean exactly?
Posted September 28th, 2009 by admin 5 Comments »
G asked:
I owed some money to a few creditors and they have written it off as bad debt, it has almost been 7 years, if I pay these debts now will it help my credit score at all, I have paid off a lot of debt until now and I have 3 more creditors left. It says bad debt…what is the best thing for me to do now? Doesnt your credit clear after 7 years or somethin
I am in Canada
I owed some money to a few creditors and they have written it off as bad debt, it has almost been 7 years, if I pay these debts now will it help my credit score at all, I have paid off a lot of debt until now and I have 3 more creditors left. It says bad debt…what is the best thing for me to do now? Doesnt your credit clear after 7 years or somethin
I am in Canada