Category Archives: Debt Collection

Does removing the reporting of a debt mean the debt is gone?

Oooh?!? Good question!!! Why yes, I thought so.  I really must stop talking out loud to myself, but when these questions come to mind I immediately want to share them with you.  So this is one of those that EVERY client asks me.  And I realized that not everyone knows this.  So today I am

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How come paying off “old debt” makes my score go down?

I hear this statement at least once a month.  Usually, right after a client has attempted to purchase a “big ticket” item such as a home and realized that they had a pesky bill from 5 years ago that in all likelihood (let’s face it the big 3 don’t have great track records) is not

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