In need of Credit Repair Advice
Date: Tue, 04/08/2008 - 14:02
The reports are accurate, but obviously are a red flag to creditors. How can I go about taking care of these? Should I ask for validation letters in hopes that they may not have the info anymore? (it's been a few years), or perhaps attempt to pay the original creditor so I can dispute with the collection agency once it's paid off? Or should I offer a settlement on the terms that they remove it?
I would greatly appreciate ANY info on how I can fix there stupid mistakes.
Thank you so much!
You can challenge anything to the three reporting agencies wheth
You can challenge anything to the three reporting agencies whether it is correct or not. Only a couple at a time though. Many collection agencied do not have the staff to dig up old files and will not bother validating the entry. It will then be removed. Also building recent positive credit will help. Get a secured credit crard from your bank and pay it off early and in full. This will quickly boost your score!
RE:
Thanks frogpatch! Is there a specific format for a dispute letter I should use? And what exactly should I state in the letter? Additionally, should I request a validation from the creditor or should it only be sent to the credit bureau?
Hi totallynaive You can get some help here: http://www.debtc
Hi totallynaive
You can get some help here:
http://www.debtconsolidationcare.com/letters/ ......it has a collection of letters.
Yes ask for validation.... also check whether the debts are past SOL are not? There are many CAs who buy old debts for pennies and sell them in dollars.So, do not fall prey to their tactics....get all the information from the CA first and then think about the next step.
