Lighthouse Credit

My friend and I were talking he told me he is in a program called The Lighthouse Credit Foundation that helps to repair his credit, he said the program is free, he also said his payments with this company is 200 , $ 00 a month to repair his credit, he owes something like $ 5 grand.He has the money to pay the full amount of credit, but the flagship of the Foundation said that this would be the wrong thing to do it would show that a "settlement" and it would hurt his credit file???. I think the sooner he paid the best. Am I right, it must not only pay the rest of the Blance him?

If he pays off an account that is she does not show that the account is settled if it pays less than it actually is in a settlement agreement with the company. Many collection agency offered a time of low pay how ever when a new creditor looks at the account, it will look essentially evil, because they still have a balance to be noticed. I am not entirely agree with the person who says it does not pay the old - if you try to clean up your credit to buy a home mortgage lenders say the most famous will make them pay. Even if you do not try to buy something big if your accounts are paid, you will get a better interest rate and your score will increase gradually after making such payments - having overdue accounts will continue to lower your score. However, if you do not tip to clean your credit - or if you have a lot to bear fruit as I say start with the most recent of those accounts and work your way back - maybe some will fall - if you are close to year 7 Mark not not pay them, but if you have 3 or more years to pay if you can. Creditors like to see fiscal responsibility, and if you do something you have to pay for not paying for something just because it is old is like stealing.