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Did you know that paying off your debts can hurt your credit score?

Credit Cadabra Credit Tip Be Careful Paying O66 Old Debts Ifa debt is “charged off" by the creditor, it means they do not expect further payments. If you make a payment on a charged off account IT REACTIVATES THE DEBT AND LOWERS YOUR CREDIT SCORE. THIS OFTEN HAPPENS WHEN COLLECTION AGENCIES ARE INVOLVED. www.creditcadabra.com

Did you know that paying off your debts can hurt your credit score?

shared by domlucre on Sep 08
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It might sound strange but paying some debts off will do more harm than good.

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Economy
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