You still owe the debt but if it isn't reflected on your credit reports then it won't impact your FICO score which is what everyone bases the decision on giving a loan or not.
Yes it can. You should agree to pay it only if there is an agreement to not report it to the credit reporting agencies.
Morals and ethics. To not pay it is theft. You incurred the debt, by purchasing something or availing of a service. You owe the money to the person who supplied that something or service. Would you write off a debt someone owed you?
You must pay all of your legitimate debts. A creditor is not required to report a debt to a credit bureau in order to collect the debt you owe.
To remove a debt collector from your credit report, you can dispute the debt with the credit bureaus if you believe it is inaccurate or outdated. You can also negotiate a pay-for-delete agreement with the debt collector to have the negative information removed in exchange for payment.
To remove an apartment debt from your credit report, you can try negotiating with the creditor to pay off the debt in exchange for them removing it from your report. You can also dispute the debt with the credit bureaus if you believe it is inaccurate or unfair. It may also help to seek assistance from a credit counselor or financial advisor for guidance on how to address the debt and improve your credit score.
Yes it can. You should agree to pay it only if there is an agreement to not report it to the credit reporting agencies.
Morals and ethics. To not pay it is theft. You incurred the debt, by purchasing something or availing of a service. You owe the money to the person who supplied that something or service. Would you write off a debt someone owed you?
You must pay all of your legitimate debts. A creditor is not required to report a debt to a credit bureau in order to collect the debt you owe.
It is best to pay off the debt. You can also ask if they will remove their listing completely from your credit report, if you agree to pay. If they agree to this, tell them to send the agreement to you in writing and you will immediately pay off the debt.
To remove a debt collector from your credit report, you can dispute the debt with the credit bureaus if you believe it is inaccurate or outdated. You can also negotiate a pay-for-delete agreement with the debt collector to have the negative information removed in exchange for payment.
To remove an apartment debt from your credit report, you can try negotiating with the creditor to pay off the debt in exchange for them removing it from your report. You can also dispute the debt with the credit bureaus if you believe it is inaccurate or unfair. It may also help to seek assistance from a credit counselor or financial advisor for guidance on how to address the debt and improve your credit score.
he would have to pay to because the acconts is in his name
If it's a personal debt, such as something off the record, ya might want to.
The easiest way to have debt removed from your credit file is to pay the debt which also show that you can make & keep to payments. You can also negotiate with the company the debt is with to remove this debt.
Bankruptcy would be more credit damaging than just having large credit card debt, mainly because it stays on your credit report for longer. One of the biggest disadvantages of filing for bankruptcy is the lasting effect it has on your credit report- typically staying on your report for 7-10 years. With credit card debt there are more flexible options and obviously when you pay the debt and does not stay on your report for as long.
To remove old debt from your credit report, you can start by checking the statute of limitations on the debt in your state. If the debt is past this limit, you can dispute it with the credit bureaus as "time-barred" and request its removal. You can also negotiate with the creditor to settle the debt or pay it off in exchange for them removing it from your report. Additionally, you can work with a credit repair agency to help you navigate the process.
Just because a debt doesn't show up on your credit report does not mean that you don't have to pay it. Pay what is due and get on with life.