removing charge-offs from credit that are paid?
Date: Thu, 10/25/2007 - 11:11
I am married and finally have 2 incomes and am working on fixing my bad credit i ran up while in college and while trying to live on my own! :/ I was finally able to pay a charged-off credit card account a few months ago. I asked the collection company if they could remove it- before I knew to do this in writing I just asked them over the phone. They of course said they can't do that. Is there any way to get this removed at all? It says "Paid after charge-off" on my reports, which I know looks better but still not that great. My husband and I just got denied for a second car, with the comment "my score wasn't good enough to even be considered" ouch. So, I am DETERMINED to get anything off my report that I can! Should I even try to go to the bureau themselves to try and get it removed? ANYTHING I can do? I LOVE this forum by the way, everyone is sooo helpful!
Sadly, it will stay on your report, seven years from when it was
Sadly, it will stay on your report, seven years from when it was posted. This can be a pain in the butt. However, there are plentyu of in-house financing car dealers, and most understand this plight.
I agree with Anthony.... and shop around for the car loans. Many
I agree with Anthony.... and shop around for the car loans. Many places will take bad credit these days.
Well there always a chance that if u dispute it with the bureaus
Well there always a chance that if u dispute it with the bureaus they will not respond! Sometimes when u pay off a debt they don't bother with disputes... Can always give it a try... Worse that can happen is it will stay on.
Good Luck,
Ang
Removing a paid charge off is difficult,but there are two avenue
Removing a paid charge off is difficult,but there are two avenues to explore.One is a goodwill letter asking creditor to forgive the negative reporting by either deleting the account or recoding it to a positive acoount.The second way is by disputing and following the law (Fcra) very closely and making creditor remove if they cannot back up their account.
credit
Hi,'Fatgirl'. I want to let you know about a finance comapny who REALLY helped me out, when I needed another vehicle. And my Credit Score was about 560!! Citifinacial.......they DO deal with bad credit. At pretty good payments, too! A bit higher % ( about %18), but, since I've made prompt payments, my % rate went down!! i don't know if you have 'access' to one, but, if you do, I would look into it.
