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I am currently 15 days after the CA received my validation letters. Once validated, I plan on negotiating it to a level that I can actually pay.

My credit report looks as follows:
Credit score average: 525
all activitiy is 1.5-2 years old since charged off

4 credit card charge offs
1 CA
1 secured loan charged off

Assuming everyone is able to validate the debt, I were to negotiate that the accounts show as "paid" instead of charged off on the original creditor (how difficult is this by the way?),and I pay off the secured loan in full, how would this affect my credit score?

I know its not an overnight process nor a cut and dry formula, I am just curious what kind of results to expect so I dont get my hopes up.

Posted: Thu Jun 12, 2008 2:58 pm Subject:

Its hard to say how much it will affect your score. Too many variables. If you can negotiate them to report paid in stead of settled it will help with your score a little but not a lot. Even when you pay off all the delinquent debt don`t expect your score to go way up. It will help a some but only time will help fix your score. Pay your bills on time in the future and keep a low debt load will help build you score faster. The best way to look at it is once you get rid of the debt you will be in a prime position to reestablish your credit.

Posted: Fri Jun 13, 2008 5:04 am Subject:

Credit repair involves two steps.First pay & correct credit reports to reflect the best scenerio for you & then start adding positive accounts slowly to bring your reports & scores up.