Question regarding a debt on my Credit File

MLec

Good morning,

I'll first say that I'm in Canada so maybe our stuff works differently from the US ( I'm assuming this is US based). I checked my Equifax + TransUnion credit file and my score is ~650. I recently tried to apply for a credit line for student and the only issue is my debt from November 2012 with Rogers. Here's the thing, the account was given to collection right away ( I believe December 2012 / January 2013). However I settled in March 2015. I read in the sticky post that the debt would go away 6 years after settling / paying. How does that make sense if it was defaulted in 2012. This would encourage me NOT to pay, right?

Secondly, and this is a far fetched one, I was wondering if I still settled with the company, would it be possible to offer the remaining of the debt + interest or whatever to mark it as filled. I know it is very unorthodox but I'm curious to know if anyone has ever tried to do that with a settled debt. I'm asking this because I didn't have the savings to pay it off completely 2 years ago, but now that my situation has changed and if ever I have to wait until 2021, I'd rather try to solve this. If not, I'll have to make the time.

Thanks !

[Deleted User]

This is a UK site.

You'll need to check the regs for across the pond, as you fellows do things differently over there.

MLec

ahhhh i would've expected UK okay then close the thread! thanks though

[Deleted User]

A pleasure, old bean.

Toodle pip.