I was finally able to pay down around 40k debt. I have had so many different accounts and credit cards. But now my main problem is my credit report is no where clean, some of my cards show up as paid, some show closed only on TransUnion report, the other two Experian and Equifax do not report it. It's just a complete mess, even I cannot keep track of what is active and what is not anymore. My FAKO and PLUS scores have risen. It was previously around 620 and now it has become 757.
Congratulations for successfully paying off 40K debt. This is quite an achievement indeed
some of my cards show up as paid
Are these also showing zero balance? Please let me know if you have closed all your credit cards or only a few?
some show closed
Closed, but are these accounts showing the "Paid" status? If any of the accounts are showing a balance, you need to dispute that. Moreover, if there are any such accounts that you don't want to close but have been closed by the creditor request him to reopen it, and update the account status.
Also the three credit reports will differ from each other as all creditors and collection agencies do not report to all the three credit bureaus. Moreover, the three bureaus calculate the score individually.
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.