Thinking about paying off a debt to help your credit? keep Reading !

Oddly enough, when you pay off a debt, it can actually hurt your credit! Here is the explanation: On your credit report, negative items are allowed to stay for a maximum of seven years (except for bankruptcy which can stay for a maximum of ten years). So, let us assume you have a charge off or a collection account, etc. When you pay these debts off, they will be marked as "paid charge off," "satisfied judgment," "paid was xxx days late," etc. Sounds good, right? Except in the topsy-turvy world of credit reporting, this is still considered very negative and, to creditors, looks like the agency had to put you in a headlock in order to get you to pay the account! So, even though you had every good intention, your credit rating ends up damaged! The best way to avoid this ridiculous situation is to use a reputable credit-repair professional; they will know how to "work the system" so such nonsense does not occur.