- Platinum Member
- Posts: 77
- Joined: Sat Jan 22, 2011 4:23 am
- Location: sfdsf
It seems you are trying to get a simple solution from a complex situation, so that could lead you to a road of more ruin. While I understand most people would think that immediately paying off older debts should put you in better standing, sometimes it does the opposite. I forget the exact terms now, but often older debts are temporarily removed from your credit reports, but once paid off, they become refreshed and appear back on the top of the que stack.
It is true that paying off the old debts is a GOOD thing, but depending on the age of the debt, paying it off can NOTIFY other creditors that (ahah... so he actually has old debts he is trying to get rid of...).