College Student with Bad Debt Write Off Question!!!?
Date: Sun, 01/27/2008 - 02:39
I was seriously delinquent on a Bank of America credit card while I did a semester in China studying abroad. I know it was stupid but I figured i would pay it when I was back. The credit card is now $1,100 and I received a letter from the Card Services collection agency saying it would be written off as a bad debt in October. The only problem is--it's November!!! I didn't receive this letter until this month so now it is probably being written off as a bad debt. I'm only 20 and I need to work on repairing my credit history!! What am I going to do??? Can they remove it!
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All is not lost here. You could maybe contact them and try to s
All is not lost here. You could maybe contact them and try to settle the account and then ask them to report it as paid in full to the credit bureaus. There are alot of posts here that talk about how to do this. Just do a search on settlement.
Also, if they don't remove it or if it shows as a negative on your report, you can still have good credit by making good choices. I know it must be tough being so young because you may not have credit yet but there are ways to increase your score. I think you actually are at an advantage by being so young.
I hope this helped alittle and I am sure the people that know more about this will be along to give you more advice.
