Recommending someone pay off 6 year old debts to "clean up" a credit report to be able to buy a house is about as smart as remodeling a house a week before it's going to be bulldozed. All she has to do is wait 1 more year for the unpaid debts to drop off.
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Alcibiades
Senior Member - 10K
posted: Nov. 22, 2012 @ 9:27a
RealEstateMatt said: All she has to do is wait 1 more year for the unpaid debts to drop offShe is gonna have to wait longer than a year.
RealEstateMatt
Happy Member
posted: Nov. 22, 2012 @ 10:12a
Alcibiades said: RealEstateMatt said: All she has to do is wait 1 more year for the unpaid debts to drop offShe is gonna have to wait longer than a year.
Alcibiades said: RealEstateMatt said: All she has to do is wait 1 more year for the unpaid debts to drop offShe is gonna have to wait longer than a year.Read the OP again... He said a 6 year old debt... Just wait another year and after 7 years it will not be on your credit anymore. Yahoo is wrong here...FWF for the win!!!
UTan87
Ancient Member
posted: Nov. 22, 2012 @ 12:54p
It isn't Yahoo, it is BankRate that is giving this terrible advice. You would think a publicly traded company that specialized in making money off peoples financial decisions would give better advice.
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