 What are some of the best ways to build good credit w/o a credit card? |
| I want to be able to buy a home soon but I don't think I have any credit history and my husband doesn't have the best credit. I would real working answer please, and thank you.... |
|
 Last time i paid my credit cards was in 2005, they were charged off, now in collections, can I still be sued? |
| I checked my credit report recently, all the credit card companies have charged them off as bad debt. Can the collection agencies acutally take me to court to force a judgement? Can my wages be ... |
|
 How can I improve my credit so that I can get approved for 30k unsecured loan or line of credit? |
| My income is 60K/yr, FICO score 675, 50K student loan in good standing, visa credit card with 3000 limit 3 years old always paid in full on time, 2 old collections reading paid in full on my c. ... |
|
 Credit application Fraud? |
| A friend of mine cannot get credit. They have asked me if I would mind putting in a loan application for £400 so they can buy a washer/dryer. He presented me with a completed loan application in my ... |
|
 How to check if your parents have searched your credit report using your ss#? |
| My girlfriends parents are asking her weird questions about things that she has purchased on credit without even actually knowing that she purchased them. She thinks as do I that they are checking ... |
|
 Is being 10k in credit card debt is bad. Please no advertisements.? |
| 1st thing i want to make clear is I dont want to be poked fun of or badgered. I posted this question a week ago and found nothing but negitive feedback and advertisements for bankrupcies and credit ... |
|
 Ok credit but can't get a card? |
| My credit score is in the mid-600s (I forget what it is exactly) but I can't get a card because the balance on the card that I have is too close to the limit ($800 limit). I have been trying to ... |
|
 Is there a free credit report site with no strings attached ? |
| Everytime I try to go to a "free credit report"website,it is never free.There is always a "catch".Are there any credit report sites that are absolutely free?... |
|
 Does any one know anything about dave james loan lending firm from nigeria? |
| they offered to lend me money but i have to pay a transfer fee has any one used the.... |
|
 Does your credit rating go up if you buy a car with cash? |
| I want to buy a new car because I want to boost up my credit rating so I can get a house later in life. Now I have enough money to purchase a decent car with cash. Will this affect my credit rating? M... |
|
 Pay off debt all at once or little by little? |
| If I pay off my debt with a loan and pay under $100 a month, is that better than not taking out a loan and paying about the same per month and not being done paying it all off till about a year from ... |
|
 How can I accept credit card payment from someone? |
| I have some things for sale and the guy wanting to buy them lives 500 miles away and wants to pay by credit card. Is there any way to receive his payment?... |
|
 Getting my first credit card? |
| So im looking at getting my first credit card and its through CHASE. They sent me a letter asking me to send a copy of my Social Security Card & Drivers License....is this normal? If so how long ... |
|
 Too much credit debt ... Should I use a credit repair service? |
| My CC debt is very high (>$30K), and the payments are getting too high. I have a great credit rating, but I can't keep up with high payments for the next 20 yrs. Should I use a credit ... |
|
| What if I got a credit card over 1 year ago, have since moved, and don't know where the card is? |
| and don't know how to contact them for a change of address. I already checked my credit report, but don't know how to contact them. will the card eventually expire? What if they send the ... |
|
 How to build credit? multiple cards? |
| Does having multiple credit cards help get you more credit? I have a college visa card, and I use it very often, but a friend told me I should use multiple credit cards to build more credit.... |
|
| IF I was taken to the hospital while I was in High School but 18 years old. Who is responsible for the bill? |
| I have a collection from that time. Can the collection agency ruin my credit for that? Whos resposable for the bill, me or my parents?... |
|
 What is a debit card, and how do you use it? |
| I also want to know how to use it online.... |
|
|  |
natasha p | How long does it take for the record to be off the credit report, if the debt is settled with collector? |
i have a 1400 in cc debt for the last 3 years, the collection company offered the settlement of 715.51. The actual credit line was 500. the rest are fees. Does anyone know, how to negotiate lesser "pay off" amount, and if i pay how long would it take for them to take it off my credit? would that improve my score?
thank you
Additional Details
7 years even if paid? then what the point of paying it at all? it will go away in 7 years anyways????? |
 |
 
bdancer222
|
Derogatory items age off your credit report 7-1/2 years from the date of first deficiency -- whether you pay them off or not. Paying off old debt will not improve your score. The damage is already done.
In fact, it could actually lower your score initially. The older an item, the less impact on your score. Paying old debt makes the transaction current and it counts more in your score calculation.
However, creditors look at more than your score. They look at your whole credit report. Paid old debt looks a lot better than unpaid.
Since this debt is over 3 years old, make them a lump sum counter offer of 25%. Collection agencies don't want payment plans. If you have to spread the payment out over several months, you'll have to pay more. Get any settlement agreement in writing and keep it, along with your payment proof, forever. Do not give the collector direct access to your bank account.
|
|
Misty~Dawn
|
SADLY..........
7 YRS..............
NOT KIDDING.
|
|
PsychGirl
 |
Seven Years... It sucks! |
|
Pengy
|
Negotiate for a pay to delete and that can be done for less than the amount due. They purchase the debt for penny's on the dollar so you can most likely settle for about 50% Of the amount. Remember it has to be in writing |
|
heybulldog
|
If you pay it off you won't get sued. |
|
Anna J
|
You did not say where you are eg UK or US so cant say for sure but if you are in UK 6 years Yes Not paying is an option to think about look into all the pros and cons of paying or not and do what is best for you |
|
bristolbobby2000
|
Any payment would improve your credit rating. It will stay on your credit file for 6 years. |
|
Bosco A
 |
It is better to have resolved debt than unresolved debt. It will stay on there for 7 years though. Take the 715.51 and pay it of like 100 a month plan or something. 2 months after it is fully paid off you should contact them one last time and make sure that account is resolved/closed then check your credit scores to make sure it reflects those payments. Half the time they leave it on your credit report. I'm not sure why they do this it seems to me they just like being a** holes. Then you have to contact the credit bureau and dispute the debt. They will do some investigating that will take 45 days then it will show as resolved/closed. I have had to do this many times and is a huge pain but needs to be done.
If you pay it off It hardly hurts your credit score. But It still does have a slight negative effect. They keep track of every month that the account was delinquent. When paid, it won't show up as a negative account and there will be 0.0$ in the debt owed and your credit score will go up. If not paid, it will show up as 1 negative account and debt owed is 1400$ and your credit score will suffer. |
|
christina c
 |
usually 7 years but it can be held against you for as long as 10 years. |
|
| |
|
| | |
| Questions List |
Answers | Last Post
| | | |
9 | 12 minutes(s) ago
| | | |
9 | 46 minutes(s) ago
| | | |
9 | 49 minutes(s) ago
| | | |
8 | 3 hour(s) ago
| | | |
9 | 4 hour(s) ago
| | | |
9 | 8 hour(s) ago
| | | |
9 | 2 day(s) ago
| | | |
9 | 1 week(s) ago
| | | |
9 | 2 week(s) ago
| | | |
10 | 1 month(s) ago
| |
|
Homepage 
Financial
Forum 
Credit 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
