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Trying to repair my Credit

Date: Sun, 03/21/2010 - 16:52

Submitted by dbond1278
on Sun, 03/21/2010 - 16:52

Posts: Credits: [Donate]

Total Replies: 3


I have a question for anyone out there that can help me. I'm in the process of trying to repair my credit. I have several things showing up on there that are late but they aren't charged off. At least I don't think they are. My question is if I pay these, will they be removed from my report and when? I have received settlement offers on some of them for half the price of what they say I owe. Is it good to take these or will that just put a negative on my record for that much longer?

Added:
I just checked all three of my credit reports. There was a hospital bill that was on there that I was being sued for. I did pay the full amount due so that I didn't get sued. But the debt is still listed on all three reports as not being taken care of. What do I do to get it removed since I paid it?

Thanks for any help that anyone can give me.


Hi Dbond,
It's good that you are able to get settlement deals at just half the price. The time span for negative info to be on your credit report starts from the time you were late for the first time or from the date the account went into collections. Mostly it stays for 7 years, no matter its negative or positive.

Even after payment also the negative listing will appear, inclusive of late payments, accounts the creditor turned over to the CA and filed judgments against you. However, the original creditor or the credit bureaus have the right to remove the negative listing. Charge-offs are injurious to your credit so it's better to contact the creditors beforehand.

If you are late due to certain ups and downs, but finally pay off the amount being a good customer, then out of goodwill, you can request the creditor or collection agency to remove the negative listing. So you can send a Goodwill Letter for removing the old negative item from your credit report.


lrhall41

Submitted by Chris Samuels on Sun, 03/21/2010 - 23:29

( Posts: 174 | Credits: )


Hey, JONES....are you a Credit Repair coach? How long have you had your website? Anyway..OP, if the CA doesn't do anything about 'updating' your CR, you can 'dispute' the item (on the Internet or by mail) with the CB's. Do you have proof of the debt being Paid In Full?....if so, send a copy, of that info, to the CB's.


lrhall41

Submitted by sdchargers_63 on Fri, 03/26/2010 - 03:48

( Posts: 1798 | Credits: )