Deon the Great
New member
In a nut shell, i have a a bad credit history, and to my surprise i was approved for a $5000 personal loan which i am paying off and actually way ahead in payments, basically... when i have paid this off will that improve my credit history? .
I know that on my credit file it will either have "Payment defaults" = outstanding amounts owing in excess of $100 , or "clearouts" = several unsuccessful attempts to contact me to resolve any unpaid debts listed on it, will me paying of my current loan help to improve that?
I know that on my credit file it will either have "Payment defaults" = outstanding amounts owing in excess of $100 , or "clearouts" = several unsuccessful attempts to contact me to resolve any unpaid debts listed on it, will me paying of my current loan help to improve that?