If I pay off all my discharged debts will that change on my credit report and cause my score to go back up or should I just lea?

snowwhite's picture

If I pay off all my discharged debts will that change on my credit report and cause my score to go back up or should I just leave it as is?

creativeMind's picture

Surely paying back your debt will change your credit rating. After all that is why bank have implemented it right? Frankly having a good credit score is very essential in having a good relation with the bank account. I used to have an excellent credit score, later due to my negligence i had a late payment condition which should have eaten up around 700 bucks as fine from. But due to the rating I had they just wrote it off!

So pay your debts and maintain a good rating.

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