7 year clock

I am confused or missed a few emails – do you mean that once any action is taken on an account it goes another 7 years on your credit??
So if I am good and pay off an account it actually hurts me by showing up longer?

I am finding several things I thought I was doing right and has hurt me big time on my credit. I had several items through Consumer Credit Counseling and when I came into some money I went ahead and settled so I could pay off all the accounts. Wrong thing to do – now it shows settled for less or some just show adverse comments. So frustrating.

Settling looks bad on your credit report. I know, I did it.

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