Why are negative items still there on my credit report?
Date: Wed, 07/03/2013 05:46
My credit card was charged-off 5 years back. The creditor filed a lawsuit against me and won judgment. The creditor has garnished my account for around 3 years. The account has been finally paid off. However, both the charge-off and the judgment are on my credit report. I have applied for a mortgage loan recently. I am planning to buy a lovely condo in Crescent City. The lender has refused to give me a loan because of the 2 negative items on my credit report. What should I do now?
By signing up a debt counseling session, your provided details (Name, Email ID and Phone No.) will be forwarded to the company advertising on the DebtCC. However, you have no obligation to use their services.
Some creditors and collection agencies refuse to lower the payoff amount, interest rate, and fees owed by the consumer.
Creditors/collection agencies can make collection calls and file lawsuits against the consumers represented by the debt relief companies.
Debt relief services may have a negative impact on the consumer's creditworthiness and his overall debt amount may increase due to the accumulation of extra fees.
The amount which the consumer saves with the use of debt relief services can be regarded as taxable income.