 Tips/ Tricks or simply myths Do you have suggestion on how to improve credit/ score? |
| I heard if you pay the collection agencies a dollar they cannot report you to the credit bureau, is this true? I heard you should dispute everthing at least once , it just might get deleted. I should ... |
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 Is a person takes out an unsecured loan on a car and dies just two months into the agreement does the debt die |
| my late husband took finance for a car two months before he suddenly passed away. Now the company are pressing me for full payment of the loan. I was told that because it was an unsecured loan, the ... |
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 Is it legal to refuse to give a refund when paying by credit card? |
| I gave a deposit for a trip on 1/9/07 for a trip in 7/07. I had to cancel within 2 weeks and they won't refund my deposit. They will apply it to another tip. I find this unacceptable. I would ... |
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 How to build great credit fast? |
| i have a credit card that i pay off every month but its only been like 4 months. and my brother says dont pay it off just make the minimum payments cuz its better for your credit that way. i always ... |
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 Credit cards? |
| hi i'm looking for a credit card that dosent require you to have an savings or checking account do you know of any that i can apply ... |
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 Can I get credit after being made bankrupt? |
| I am now discharged from being bankrupt but can I get credit? And if so, how much approx. will I get? Example: car on HP???... |
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 Has anyone heard about a credit card company named"Juniper"? |
| I got an offer from Juniper through the mail, APR is 8.99%, no annual fee and plenty of other benefits. When I called it sounded very unprofessional and even the recording sounded home made. I felt ... |
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 Why would my credit score go down 15 points in a month, when nothing major has changed with my credit? |
| I'm not deliquent on anything. I have the same bills as before. I'm not sure what could have caused it to fall 15 points.... |
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 I was a victim of identity theft i don't have a credit card so how do i get a credit check? |
| this all happend when i was under the age of 18 but i cant get a any credit and every time i try to do a credit check it tells me i need a creidt card i have never had any creidt cards i do however ... |
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 Bad Credit and No One will rent to us!? |
| My fiance and I have tried submit applications for 7 apartments in our town, and NO ONE will rent to us, because his credit is horrible..He recently paid off his debt on his credit card, and it did ... |
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 Is my credit messed up? |
| Im new to credit cards and my mother said she will help me by paying them for now. So I left it up to her. I checked my account online and it said I was 5 days over due on a credit payment of 20 ... |
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 Can this go on forever? |
| A negative action on my credit report is supposed to fall off in 3 years according to what I see here. Can the collection agency renew my status as active or sell it to another agency to collect with ... |
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 Does bad credit ruin my chances of obtaing an auto loan? |
| i am applying for an auto loan through hbsc and i currently have a low to fair credit score. i also have a credit card that is closed and still unpaid. does this ruin my chances of being accepted for ... |
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 Repairing credit-Is it true old debts do go away after time? |
| I am trying to get an apt., so I recently had my credit ran, thought I had really really bad credit, turns out I only have two recent accounts in collections, which I've already requested ... |
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 If an overdue account is sent to collections, how long before it's on my credit report? I was told 2-3 mths... |
| I had three cell phone lines with Sprint that I decided to cancel because Sprint's customer service is the worst. Anyway, since I did it before the contract expired, I'm being charged the ... |
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Chris | Will my credit score be repaired? |
I settled an dispute with verizon becuase they had sold my debt to a collector and now the collector damaged my credit score which is what I do not get since everything was fixed between me and Verizon. I recently paid the amount the collection agency wanted however the dispute was settled over 3 months ago. I just want to know how i can demand the collection agency to fix my credit score Since the problem had already been fixed. I just unfair that an $80 loan took 110 point off my credit score. |
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Studly
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The problem is once you have paid off a collection debt, all they are required to do is show "paid" on your credit history. But all of the information about charge-offs and collections is still there.
Therefore, you just paid off a debt and it's not going to do a whole lot to fix your credit. True, you can put a statement on your records but those statements are NEVER included into your credit scores.
True, you can dispute it (probably your only chance now) and hope that they don't verify the debt. If so, it will remain on your records.
You can try contacting the collection agency and ask them to delete it, but that's not likely either. Like, do you really think a collection agent is going to help you out....especially now that they already have your money?
Lesson learned, you need to get the collection agent to agree IN WRITING to delete the entry once you have paid the debt. Otherwise, do not pay it.
Why pay a debt and still have bad credit? |
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raycatng
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Its not the amount that matters. It actually looks worse when it is a small amount, because any potential creditor is going to ask why you let such a small amount go to collection. What matters to them is that you didn't pay the bill. You can not force anyone to remove something from your credit report. The best you can do is to rebuild your credit by paying your bills on time and filing a dispute with the credit rating company. |
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ustoev
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You can put a note on the credit agency to explain the issue. It still may be there and affect the score but may lessen the effect on loans. |
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acermill
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That little dispute with Verizon and the collection agency will haunt you for the next six years and nine months. When Verizon handed it to collection, the seven year time frame for keeping that situation in your credit file started ALL over again, as if it were day one. You have no bargaining position here. |
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mphsblue
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Dispute the collection, even though it's paid. It will most likely come off. They already have their money. You don't want collections, whether settled or not, on your credit report. You can dispute as many times as you want. |
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Maria Gallercia
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Everyone gave you concrete answers, but Studly is the best. To elaborate further you can dispute the collection account on your credit report and more than likely they will delete it. IF not, you must send them another letter asking them for a method of verification. This always work. Good luck! |
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Tutti F
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good, I have an ebook given free by NHBS, Inc
its really helpful it has raised my credit score
you should get a copy, it's still for free |
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SenateSigma
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I don't know what to tell you.... but 110 points off your credit score! WOW! That sucks!!!! I think that's a little over doing it. My condolences. |
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meka575
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i dont know u tell me? |
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