Subject: will removing negative accounts improve score
Wed Jun 08, 2011 12:02 pm
Yes, when you payoff your debt in full, your credit score will go up gradually. Negative items will remain on your credit report at least for 7-10 years. If you want to remove the negative items from your credit report, you may request your creditors to remove those negative items from your credit report and update your account status as “Paid-in-full” after repaying the full debt amount. You can send a request letter to the creditor to remove the negative items from your credit report via certified mail with a return receipt request. Once the negative items remove from your credit report, your credit score will go up.
Some CA's will make arrangements like that. But, whatever arrangments you make with them, make sure and always keep copies of the documentation/agreement you make with them. If you do your corresponding through mail, send everything 'cettified mail' so you know they received everything.
CGeorge..I looked on the website you posted. I don't see any information there (as you have stated). Am I looking at the incorrect links?
I thnak you for the information, it SURE will help. I glanced at it for a few minures, but,..looks great with all the info in it!! I appriciate it.
Wed Jun 06, 2012 3:57 pm
can I ask though, is there a general spread as to how many points removals will get you? I have two scheduled to come off in the fall and I'm trying to figure our whether it would be worth it to wait, or jump on some awesome houses available now that may not be around in the fall/winter.
You have alot of people fooled. I posted, on another thread, that CRE is a scam company. Don't fall for them. They will leave you MORE in debt because they insist on "a start up fee and monthly fees" to continue their service.
Your personal details (name, email address and phone number) will be delivered to the company advertised on the Creditmagic after ve agreed to go for the counseling session by filling out the no-obligation form. However, it is your discretion to accept or reject their services.
Not all the creditors/debt collectors agree to trim down the outstanding balances, interests, and fees payable by the consumer.
Consumers working with the debt relief companies can still be sued by the creditors/collection agencies.
Debt relief services may have a diminishing effect on the creditworthiness of the consumer. The total outstanding balance may increase as the additional fees get accrued.
The overall amount saved by the consumer through the debt relief services is considered as taxable income by the IRS.