What does bad debt written off mean exactly?
It means you have been a bad girl. If you pay the debts now it will HURT your credit score. I was in the same situation, and even though I had extra money I couldn’t pay off the debts because it would then appear on your credit score as a delinquent debt that is paid off. The debts are so old they don’t show up at all now, so you better leave them alone. “According to the FCR Act Section 605 a debt can remain on a credit report for 7 years and 180 days after the delinquency that caused the account to go bad. Sometimes creditors will sell their bad accounts or post information on the credit report to show an activity date that is less than 7 years. THIS IS PROHIBITED. (I ended up having a judgement removed, the collection accounts removed, and the original creditor account removed.) In short, the time clock starts on the month the original delinquency started by the original account, regardless of whether the account has been sold to a collection agency, was paid at a later date, or a j
