I viewed my credit reports on today. I have 10 collections. I need to know which debt to pay and which to allow to fall off my credit report. They are as follows:
GMAC lease opened 1999/yr $8,000
Midland Credit credit card 2007/yr $2,227
Tribute credit card 2005/yr $1,451
LVNV unknown 2011/yr $681
Amsher unknown 2006/yr $381
The others are medical bills. I am willing to pay settlement amounts, if this will improve my 574 score. Can not afford to pay off all of this debt. Please advise
credit repair
Nope, debt settlement will hurt your credit score. If you can’t afford to repay all your debts, then it’s better to go for debt consolidation. Debt consolidation will help you to consolidate all your debts and replace your multiple bills into a single monthly payment.