Paying off credit on your own, will that raise you

Paying off credit on your own, will that raise your score & tried to negotiate our debt with a few collection agencies & no success does that mean we have to pay the full amount?

2 Answers

Whenever you repay your credit card debt in any other way than what was mentioned in your credit card agreement, you will hurt your credit score. However I would suggest you to go for debt consolidation or settlement on your own. Atleast you can save your dollars on the unnecessary fees.

If you pay off your debts on time, then it will definitely help you in raising your credit to a great extent. If you cannot negotiate with the collection agencies for an affordable payment amount, then you're liable to pay them the debts in full. However, you can take the help of a debt settlement company who will help you in settling the debts with the collection agency.

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