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Liza Simpson · Posted: Mon Oct 06, 2008 4:51 pm Subject: Negative account paid off...what next?

What happen when you paid of those negative account on your CR? are they suppose to be deleted, if not what should i do?

Thanks advance

Posted: Thu Oct 09, 2008 7:14 am Subject:

Depending on how many negative accounts you have it really might not affect your score at all, (it actually could affect your score negatively). Because, if you pay-off these accounts, the companys still can report to the credit beauras as a paid derogatory which can still affect your score. Hope this was helpful.

Posted: Thu Oct 09, 2008 7:23 am Subject:

Unless you had a Pay for Delete agreement in hand before you made payment it can be reported as a paid collection which is as bad as having an unpaid collection. Wait 90 days from payment and dispute with the CRA's. Since the CA already has their money, they may not waste time verifying the dispute.

Posted: Thu Oct 09, 2008 7:52 am Subject:

Here is copy of our bond and registration with the Texas SOS.

Posted: Thu Oct 09, 2008 7:55 am Subject:

Javan- please check you Private Messages(PM ). I asked that you not solicit business through your signature or otherwise, per TOS rules. Thanks Bossy4455

Posted: Thu Oct 09, 2008 8:04 am Subject:

Sorry guys

Posted: Thu Oct 09, 2008 8:06 am Subject:

That's ok- just wanted you to be aware of the Terms Of Service..karen

Posted: Thu Oct 09, 2008 9:14 am Subject:

That's great to see that you have registered your $10000 bond with the TX SOS. Now I suggest you read Chapter 393 of the TFC. Your "79% deletion ratio" quote is very mis-leading and could be considered deceptive under Sec 393.303.

Guest · Posted: Thu Oct 09, 2008 1:22 pm Subject:

How? I'm not garanteeing credit repair in any way, nor am I saying that if I sign someone up that they are going to experience the same deletion raito as my previous clients.

Posted: Thu Oct 16, 2008 3:10 pm Subject:

No but misleading is a very dangerous thing not only legally, but think about what you may cause that person. Dont look at them as $$$$ but rather as a person and how you would want to be treated.

Posted: Tue Oct 21, 2008 9:15 am Subject: debt

I had debts, on my CR, that I have paid off. The SOL, for a few of these debts, were 'falling off' soon. So..I just let them do just that. Also...I think ( I don't know or sure..) if you DO pay off old debts, I think they have to stay on your CR for the SOL of the state you live in.

javan@ · Posted: Tue Oct 21, 2008 1:11 pm Subject:

"That's great to see that you have registered your $10000 bond with the TX SOS. Now I suggest you read Chapter 393 of the TFC. Your "79% deletion ratio" quote is very mis-leading and could be considered deceptive under Sec 393.303."

Nascar, I suggest you re-read it because aparently you missed the part of, to be a legitmate credit restoration agency you must have two things in place. Registration with the Sec. of State and a bond with a recognized surety company for ten thousand dollars. BTW - the guarantee section of the TFC is not 303 its 304. The actual title is "False or Misleading Repsentation or Statment."

"No but misleading is a very dangerous thing not only legally, but think about what you may cause that person. Dont look at them as $$$$ but rather as a person and how you would want to be treated."

I do not understand how that is misleading the average deletion ratio of our clients is 79%. On medical collections it is about 98%. I do not look at them as "$$$$$" I treat everyone of my clients as though i am the one in there shoes. I have several clients that call me just to see how i am doing. With my clients when i look at their credit reports, I tell them the probability on the accounts and what kind of time frame we would be looking at them being through with the program.

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