Paying Off Debt – Is It Going to Fix Your Credit?
Paying Off Debt Fix Your Credit score? The short answer: you should pay all your debts. All those unpaid credit card debts, defaulted installment loans and other issues are pulling down your credit score; paying them off will improve it. But, just paying the debts can’t fix everything. What paying the debts will do. When you pay off an old debt, it will show up as “closed” or “paid in full.” This is considered a positive or at least neutral entry.