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How do you remove bad credit ?

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andyblackwood71



Joined: 17 Apr 2008
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Posts: 1



60 Magic Points

Subject: How do you remove bad credit ?
 
Posted on Thu Apr 17, 2008 8:50 pm  

How do you remove bad credit ?
Morningstar

Morningstar

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11 Magic Points

 
Posted on Fri Apr 18, 2008 8:22 am  

You can try to dispute entries for whatever reason you want; this may or may not be successful. You can also wait it out; entries are to be removed after seven years (except tax liens and judgments). If these accounts are from a collection agency, you can try sending a DV letter to the CA at the same time you dispute with the credit bureaus.
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Last edited by Morningstar on Sun Apr 20, 2008 8:42 am
goodnatured



Joined: 03 Nov 2007
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541 Magic Points

 
Posted on Sun Apr 20, 2008 12:42 am  

About the only way that I know too, I have paid some old debt off, but it is still there, so what good did it do but to get the collectors off my butt, I think that they should have to do some type of postive impact on your report if you pay old bad debt.
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sdchargers_63

sdchargers_63

Joined: 13 Aug 2007
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1916 Magic Points

Subject: debt
 
Posted on Sun Apr 20, 2008 7:27 pm  

I agree with you, GOODNATURED. We 'save up' to pay off our debts, however..the debt remains on our CB's. Doesn't seem fair, does it? If you DO pay off a debt and can proof it, to the CB's, is it possible the will 'remove' the debt, before the SOL? Any suggestions?
goodnatured



Joined: 03 Nov 2007
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541 Magic Points

 
Posted on Sun Apr 20, 2008 9:17 pm  

I would love to see that happen, cause I have paid somethings off, I think there should be some incentive, like removing it from our reports. I think if I had it to do all over again, seeing that it had absolutely no result on my report, I probably would not have done it. Just let them get old and fall off the report on there own. l just think there should be something that is said for those of us who choose to pay them, they should remove them.
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cbass1017



Joined: 01 Feb 2008
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Posts: 143
Location: PA


1556 Magic Points

 
Posted on Sun Apr 20, 2008 11:26 pm  

That is why it is a very good idea, when dealing with past due debts, that you simply ask your creditors if they will send you a letter stating they will remove the debt from your credit completely if you pay it in full. This doesn't always work but sometimes it can which will greatly improve your credit. You could make up some story to help your cause. A good one is telling them that you have five different past due debts and have saved up enough money to pay off two of them. You are going to pay off the two of those creditors willing to remove your account entirely from your credit reports. This has worked for many people in the past and is definately worth a shot.
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fireyone



Joined: 26 Feb 2008
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132 Magic Points

 
Posted on Mon Apr 21, 2008 1:39 am  

I agree with you goodnatured..sure we did make them but at least we are paying..that would be great incentive to have them removed from a report.
sdchargers_63

sdchargers_63

Joined: 13 Aug 2007
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1916 Magic Points

Subject: debt
 
Posted on Tue Apr 29, 2008 5:09 pm  

I know I have a few items that will 'fall off' this year. Sometimes, 'you' wonder..."what's the purpose in paying them off when they just STAY on your CR's?"
Laura

Laura

Joined: 21 Jun 2007
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36544 Magic Points

 
Posted on Wed Apr 30, 2008 6:05 am  

Negatives on your CR have negative effect thus the sooner you remove it the better. The good ones should stay for a better credit rating.
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sdchargers_63

sdchargers_63

Joined: 13 Aug 2007
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1916 Magic Points

Subject: credit
 
Posted on Thu May 01, 2008 3:16 am  

I'm not saying I DON'T want to pay off my debt. I'm just saying why 'hurry' and pay them off when they will just stay on your Credit the same amount of time, than if you 'took your time' to pay them off. I think I said that clearly. LOL
Laura

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Joined: 21 Jun 2007
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36544 Magic Points

 
Posted on Thu May 01, 2008 11:04 am  

I had got your point Wendy Smile LOL. I just spoke about removing the negatives. I believe that paying off accounts do lower your score. To keep and manage them is better.
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sdchargers_63

sdchargers_63

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1916 Magic Points

Subject: debt
 
Posted on Thu May 01, 2008 8:53 pm  

OKEY DOKEY, 'SMOKEY'!! LOL Yeah, LAURA.. I know what you were trying to say, in the first place. Just trying to put a little 'humor' in a 'tense' situation. LOL
DebtFreeInFl



Joined: 04 May 2008
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Posts: 9



513 Magic Points

 
Posted on Tue May 06, 2008 2:45 pm  

I have had no problems with CA's removing their entries once i pay. although i am working on Calvary portfolio right now and last payment on our agreement will be 6/4/08 and they told me they'd wipe it off after 30 days. i am just wondering since i heard this CA was "shaky" at best whether i should request proof of our agreement before making last payment. i think i will do so just to cover my butt.
george

george

Joined: 06 Jul 2006
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2855 Magic Points

 
Posted on Wed May 07, 2008 5:19 am  

Hi DebtFreeInFl
I too think that you should request for the proof of the agreement before making your final payment.
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George Miranda

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sdchargers_63

sdchargers_63

Joined: 13 Aug 2007
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Posts: 1883



1916 Magic Points

Subject: debt
 
Posted on Thu May 08, 2008 12:55 am  

Sometimes it's difficult to deal with CA's, etc. Looking at my CR, as a 'whole' is overwhelming at times. But.....trying to look at 'bits and pieces..one thing at a time' isn't as bad.

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