Re-aging Or Re-age

A re-age is the process of bringing a delinquent account back to its current status. This can be done by negotiating with the creditor to have late payments removed from the account history, along with any associated fees or interest charges. In exchange for this courtesy, the borrower agrees to bring the account balance up-to-date and maintain on-time payments going forward. Although re-aging an account will not remove all negative information (delinquencies will still appear in subsequent reports), it can help improve the credit score by demonstrating a willingness to repay obligations.

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