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Lots of 'settled' a/c's...a bad thing?
Looking at my credit report online I see that I have loads of small loan accounts that were paid off successfully over the last couple of years.
These show up as being up to date,no payments missed,and 'settled' but I'm wonderding if I am doing my rating harm by having so many on my report even though they're all paid off..?
T.
These show up as being up to date,no payments missed,and 'settled' but I'm wonderding if I am doing my rating harm by having so many on my report even though they're all paid off..?
T.
:j
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Comments
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If anything it will improve your credit score. It shows you can manage money responsibly.0
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ferry wrote:Looking at my credit report online I see that I have loads of small loan accounts that were paid off successfully over the last couple of years.
These show up as being up to date,no payments missed,and 'settled' but I'm wonderding if I am doing my rating harm by having so many on my report even though they're all paid off..?
T.
Good for you, there aren't many people out there who can do this.:A Tomorrow's just another day - keep smiling0
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