Where to start?
Date: Mon, 12/28/2009 - 17:57
I have had bad debt for a while. Nonetheless, I have two car payments, a mortgage, school loans, and some small personal loans that I have proven good payment on for years. My FICO, 560, 590, and 620.
I have a paid tax lien of $300 from the state. I disputed this through CRA and at least one has come back as item validated and did not remove it.
I have a few medical debts that need paid off. I also have 3 credit cards that are about 80% of total allowable credit.
My question, where to start? Where do I get the biggest band for my buck. I have some extra money right now. Should I pay down CC's or should I pay off old medical debts?
Also, any thoughts and the paid off state tax lien?
Another thing(I have been reading a lot online). I have called a few medical debtors and asked them if they would delete the debt if i paid it off. They ALL said that they can make it as paid and it is their policy to only mark it as paid and not delete the debt from the credit report. I told all of them to piss off. Is paying something off and having it show up as "paid" as good as getting the debtor to delete the debt.
Thanks in advance
I have a paid tax lien of $300 from the state. I disputed this through CRA and at least one has come back as item validated and did not remove it.
I have a few medical debts that need paid off. I also have 3 credit cards that are about 80% of total allowable credit.
My question, where to start? Where do I get the biggest band for my buck. I have some extra money right now. Should I pay down CC's or should I pay off old medical debts?
Also, any thoughts and the paid off state tax lien?
Another thing(I have been reading a lot online). I have called a few medical debtors and asked them if they would delete the debt if i paid it off. They ALL said that they can make it as paid and it is their policy to only mark it as paid and not delete the debt from the credit report. I told all of them to piss off. Is paying something off and having it show up as "paid" as good as getting the debtor to delete the debt.
Thanks in advance
To answer your last question first, it really would depend upon
To answer your last question first, it really would depend upon the policy of the creditor whether or not to delete the record from the credit report upon payment. The most you can do is negotiate.
Regarding paid vs delete, of course the paid account would stay on your report for seven years but its effects would get diminished over time. But a deleted negative info would improve your almost score immediately.
The paid tax lien again would stay on the report for seven years
The paid tax lien again would stay on the report for seven years.
Also, often the government offices are not prompt at responding to the inquiries made by the bureaus at their already understaffed offices.