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What Does it Mean to Pay An Account Current?

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Question: What Does it Mean to Pay An Account Current?

Answer: That means you have taken care of your past due balance. The only payment that is due now is the minimum payment for the current month. Paying your account current stops late entries on your credit report for that account. It also keeps your account from being charged-off or sent to a collection agency. Keeping a current account will help build your credit score.

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