Yahoo! Answers*

Question:

Bad credit. Australians only please?

I have a default on my credit rating. I was told that after it has been there for 5 years it will be taken off. Now I am told that once you pay it then 5 years after it has been paid it will be taken off. Does that mean if you dont pay it that it stays there forever

Answers:

1) yes or they will take you to court to get the money.. id pay it asap

*The answers on this page are supplied by users of the Yahoo! Answers forum. CreditOptions does not necessarily endorse or agree with all of the answers provided.

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