If you have old debts on your credit report, you may be wondering how you can get them removed. One iVillager is contemplating just that issue but, since her old, unpaid debt has been sold to a bank or collection agency, she also wondering if she still has to pay the debt before it will be removed. Carmen Wong Ulrich explains her responsibilities and how she can make arrangements to pay off the debt.
If you have a financial question you'd like Carmen to tackle, post it here in the comments or email us directly at firstname.lastname@example.org
Watch Carmen Wong Ulrich's 'On The Money' Weeknights at 10PM ET on CNBC! Find more information on coping with the economy with our Bail Yourself Out resources.