Settlement offer with creditors
Date: Wed, 03/29/2006 - 11:24
I have made a few offers with creditors for settlements. I have paid these off and want to find out if this will help my credit or hurt it more? I am assuming I still have the 7 year period to wait until it is removed from the credit reports. Is this correct? The accounts I paid off were not getting paid and I sent letters to the creditors/debt collectors asking for a settlement.
Any advise?
thanks
Any advise?
thanks
Try to make it reported as paid or paid as agreed. Negotiate wit
Try to make it reported as paid or paid as agreed. Negotiate with your creditors; they might accept your offer in exchange of a higher amount of money.
Quote:
The accounts I paid off were not getting paid and I sent letters to the creditors/debt collectors asking for a settlement. |
Have you paid these accounts already? Do you have any documents of your payment? And how these are listed in your credit report?
