Comment on Paying consumer debts is basically optional in the United StatesparentComments−p1esk3ySo if I want to finance a new car, does it make a difference whether the debts are paid or not?−NovemberWhiskey3yYes - unpaid charge-offs are more derogatory than paid ones - I'm not sure that hits (say) a FICO score but lenders that look at a full report can tell the difference.
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So if I want to finance a new car, does it make a difference whether the debts are paid or not?
Yes - unpaid charge-offs are more derogatory than paid ones - I'm not sure that hits (say) a FICO score but lenders that look at a full report can tell the difference.