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It probably doesn't make sense to answer this question without some larger context, but in general, yes; bringing current a loan in default is good for your credit and good for you.

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16y ago
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Q: If you stopped paying loan but then paid to become current does your credit score rise?
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Is paying the minimal on credit cards considered a sign of credit trouble?

Paying the minimum amount due on credit card is not necessarily a sign of credit trouble because it actually makes the credit card account current.


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