Page 63 - Winning The Credit Game Bundle (CK Patrick)

CHAPTER 8
GETTING TO “PAID AS

AGREED”

“PAID AS AGREED” is the touchdown of the credit world. It is the best
possible payment status that you want all of your accounts to show
every single month.
The easiest way to do that is to pay all your bills in full and on time.
But we all know that isn’t always possible. Surprise expenses and
shortfalls happen. In some cases, creditors can even fail to notify us
that we owe them money while marking us down as non-paying. As
long as you are meeting the monthly minimum required payment on
all accounts you are paying as agreed, but be careful on accruing
interest.
The good news is, it is possible to get your account to “paid as
agreed” even long after the original due date has passed. Like the
other matters discussed in this book you just have to know how.
Some creditors and even debt collectors will change the status of a
long past-due account to “paid as agreed” in exchange for full
payment. This is the incentive they hold out to you to pay them. You
may already have a derogatory mark on your credit report because
your bill to them is overdue, but you can have that negative mark
erased as though it never happened if you pay the bill now.