rachael
Joined: 11 May 2009
rachael's page
Posts: 244
6581 Magic Points
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Fri Jun 19, 2009 6:34 am
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Hi Andrew,
Did you come to a pay for deletion agreement with the collection agency? Generally a charge-off remains on the report for 7 years, from the date you became delinquent. But it is possible to negotiate with the CA to report the charged-off account as "Paid as Agreed", once you repay the debts. A pay for deletion agreement is made by sending a "Pay for Deletion Letter".
| Quote: | | Can I ask the credit card company to change my credit limit? |
I don't think increasing your credit limit will help to remove the "over the limit" charges. Because if you increase your credit limit, it will be reported in the next billing cycle. Instead you should contact the manager of the credit card company, and request him to waive the late fees. You can also follow up by sending a "Goodwill Letter". You can use the same format, but in place of the creditor's name, you will have to write the name of the manager of your credit card company. If you have been a good customer and used your credit accounts responsibly, the CC company may agree to waive the late fees (out of courtesy). To avoid late fines due to delay in the mail, you can make online payments for your credit cards.
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Looking forward to a debt-free life. |
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