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Settled all my accounts..now what?

Date: Thu, 07/29/2010 - 19:37

Submitted by anonymous
on Thu, 07/29/2010 - 19:37

Posts: 202330 Credits: [Donate]

Total Replies: 2


A year ago I was $14k in the hole in 3 accounts, and have just finished settling all of them.

What is the next step? When does this get reflected on my credit report (just the last one a week ago..previous one was 4 months ago)? How can I get my credit back to a respectable level?


When you negotiated for the settlements with your creditors, did you ask them to report the account as 'Paid in full' in stead of 'Settled'? I hope you've done it. The main thing is, debt settlement process dents your credit score and your scores will improve after at least 12 months of regular payments. From now onwards, be a responsible card user and make your payments on time. You might be able to restore your score pretty soon.


lrhall41

Submitted by paulcahill80 on Thu, 07/29/2010 - 20:21

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