• Page :
  • 1
  • Text Only
Voting History
rated:
Summary: Yahoo Finance gives bad advice.

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.

Link to article: Text

Yahoo Finance had some advice that was interesting from time to time, but this is disgustingly bad.

</rant>

Member Summary
Thanks for visiting FatWallet.com. Join for free to remove this ad.

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.

Not in most circumstances.

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!!!

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.



Disclaimer: By providing links to other sites, FatWallet.com does not guarantee, approve or endorse the information or products available at these sites, nor does a link indicate any association with or endorsement by the linked site to FatWallet.com.

Thanks for visiting FatWallet.com. Join for free to remove this ad.

TRUSTe online privacy certification

While FatWallet makes every effort to post correct information, offers are subject to change without notice.
Some exclusions may apply based upon merchant policies.
© 1999-2014