It is standard practice for many credit score reporting businesses in Canada to automatically purge most knowledge that is more than six years old, because they don’t want old information cluttering up your credit report. So, if there’s a debt that has had no exercise for more than six years, it will doubtless be purged out of your credit report. You nonetheless owe the money, however it would not be reported on your credit report. As you can see, there are really no obvious scenarios where it makes monetary sense to pay a collection company instantly.
I continued to pay for my purchases on time, omitting the $25 and the curiosity fees. I was given the run around for so long I gave up calling them, all the while utilizing the card and paying just for my purchases...Read More