Negative items on your credit report

Date: Sun, 02/24/2008 - 09:48

Submitted by anonymous
on Sun, 02/24/2008 - 09:48

Posts: 202330 Credits: [Donate]

Total Replies: 5

My question is about negative items on your credit report. If you successfully pay off items that have been in collections, will they be reported to the credit bureaus as being paid and will this eventually raise your credit score? Will paying off charged off items raise your credit score? I'm trying to reduce the number of negative items in the most efficient way possible. Will they be reported as "charged off but paid/in collections but paid?" Also will negative items scheduled to be removed from your credit report raise you score once they are removed or has the damage been done?

This is a great question and I would like to know the answer to

This is a great question and I would like to know the answer to this also. I am in the same boat and want to increase my score. :D

lrhall41

Submitted by spatterson_40 on Sun, 02/24/2008 - 13:44

( Posts: 400 | Credits: )

Probably listed as 'paid-collection' or a variant thereof. If yo

Probably listed as 'paid-collection' or a variant thereof. If you want something different, you need to negotiate that with the CA in advance, in writing. And be prepared to take action if they try to reneg on the agreement.

lrhall41

Submitted by unclewulf on Sun, 02/24/2008 - 15:10

( Posts: 3172 | Credits: )

how do you get items taht were collections at one point off of y

how do you get items taht were collections at one point off of your report? i understand what youre saying with paid-collection, but how do you remove that? so that it doesnt show it being as a collection at all?

lrhall41

Submitted by jackhurdle on Mon, 02/25/2008 - 05:49

( Posts: 13 | Credits: )

It is called a Pay-for-delete settlement.

lrhall41

Submitted by Morningstar on Mon, 02/25/2008 - 15:41

( Posts: 1633 | Credits: )

I sent a pay-for-delete letter to a CA that I'm dealing with las

I sent a pay-for-delete letter to a CA that I'm dealing with last week. Of course, the damn thing arrived on Saturday, so it didn't get delivered right away.

Anyway, they should've gotten it today. The USPS website updates at night, so I dunno yet.

They have ten days to get back to me on it. As soon as I have some concrete results to report, I'm planning to post the letter and discuss it.

lrhall41

Submitted by unclewulf on Mon, 02/25/2008 - 16:25

( Posts: 3172 | Credits: )