Charge Offs VS Bankrup.

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Posted by Chris Carter on September 11, 1998 at 00:43:18:

If I pay off my Charge off accounts, will that help my credit rating? Will it help me get a job? Or should I file chapter 7?
I have about 11 charge offs. Anyway, Is there a company that will let me consolidate this into a low payment for 10 years?
PS If I pay off the charge offs, how long does it take for my credit rating to get better? Also, when paying the charge offs won't the creditors report it as "current"?

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Comments:
: If I pay off my Charge off accounts, will that help my credit rating? Will it help me get a job? Or should I file chapter 7?
: I have about 11 charge offs. Anyway, Is there a company that will let me consolidate this into a low payment for 10 years?
: PS If I pay off the charge offs, how long does it take for my credit rating to get better? Also, when paying the charge offs won't the creditors report it as "current"?


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