Is it still worth paying off the debt today if I missed ten or more payments and it significantly affected my credit score? Would it be useless or would it even raise my credit score?

General
1

Will the late payments still show on my report even after the loan is payed off. Please explain to me like I’m five

2

It’s always possible that they’ll sue you too.

3

How come you missed so much? What is a credit card?

4

It’s likely that the debt has been charged off and sold to a junk debt buyer. Paying it off won’t improve your credit score since the negative marks will remain on your report. My advice is not to pay it right away. If the amount is less than $3,000, wait for the junk debt buyer to send a collections letter and then request validation of the debt. If they don’t provide it, you can formally request that it be removed from your credit report. If they do validate it, you might start getting calls and letters, but that’s another issue.
TLDR:No, paying it won’t raise your score now. The missed payments will still show on your credit history.

5

It’s not useless. Even if it’s late, paying it off is always preferable.
Consider this: which would you prefer—being late for work or not showing up at all?

6

If you’re feeling generous, you can pay the debt collector over the phone; if not, it will remain on your record even after you make payments. Unless you and the debit collector agree to have the account removed off your report. There is no other way your score could be higher.

7

For myself, I wouldn’t pay it. You would lose money and it would still appear on your credit report. It will disappear if you file a BK. It will go away, but it will take longer if you don’t file BK. The likelihood of being sued is low. The likelihood that you may be sued is very high. I would continue to ignore it like you have for the previous ten to fifteen months.

8

Your credit score is no longer relevant at this time. It’s a lawsuit against you.

Also, if we’re talking about skipping ten to fifteen payments, you don’t seem like a loan person.

9

Your credit report contains late payments for seven years. If you continue to make your payments on time, it will eventually raise your credit score a little bit until going away entirely after seven years. Your score will suffer for a longer period of time if you keep failing. seven years after the last late or missed payment.

10

Oof! In your situation, you didn’t show up fifteen times, so it’s better to be late than to show up at all. The lateness of payments ranges from 30 to 90 days. I don’t know, dude. I really think that you should repay your debts.