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We
must have 3 - 6 open car/home loans/credit cards to improve credit
scores! It's not enough to pay off collections charges offs &
bills. We MUST have current open rated credit (12 mo's reported to
bureaus within the last 1 - 2 yrs) Get good credit
BELOW
Credit
Cards for a 350 - 599 Credit Score
Credit
Card for a 600 - 649 Score
Credit
Cards for Credit Score of 650 - 699 Credit
Cards for a 700 - 749 Credit Score
Negotiate with creditors to revise
and report credit. Call and write a letter for collections, charge
offs, late payments, medical, utilities and bad credit Dispute,Validate,
Negotiate Sometimes it's possible to have past or
recent bad credit removed from my credit report by negotiating with
"original creditors" and validating
all duplicate collections.
Validated debts must be paid fast. Call
first and verify by mail before making payment.
Always ask for credit help on any
settlements.
I keep copies and names
and dates of all contacts.
Ask for
marked paid in full with no new date of last activity date.
If I cannot find a creditor, I dispute
the account as not mine to find information.
I "Bo Majors" had a charge off for 345
dollars in 1990 with Fair Credit Credit Cards. In
1992 I called them and told them I needed good credit and that I
would pay the 345.00 and add and extra 300.00 down payment to start
new good credit.
They agreed.
I charged gas and paid extra each month
for 12 months.
I called and asked
them Fair Credit Credit Cards to remove anything older than 24
months which was a charge off, 5, 30 days late, 2, 60 days late and
1, 90 days late and they did.
My I
checked my credit report and everything with BP Oil now said 400.00+
high credit limit with 0.00 dollars owed and a perfect "no lates"
payment record.
My score jumped
huge in less than 13 months. The best fix bad credit move I ever made.
Negotiate and pay.
I "Bo Majors" also had a bad credit
collection from getting stitches at the local medical clinic. The
medical clinic sold my bad debt to a collection agency within 120
days. After about 1 years I called the collection agency and asked
if I paid the bill off in full would they remove the bad credit from
my report. They said only the medical clinic could authorize that. I
called the clinic and got an ok for the collection agency to take
the debt off if I would pay the debt in full with fees right now to
the clinic. I called the collection agency who called the clinic and
we had a deal. I paid in full and the collection agency removed the
bad credit. My score jumped right then. Read article on what a charge
off negotiate. When I check my credit report and find an
account reported as a charge off then, a creditor has had to zero my
balance on their books. My account is no longer considered an asset
on the creditors books. Creditor charge off's usually happens after
six months of no payment on the bad account. Having accounts listed as a charge off
does not mean I don't have to pay. Charge offs damage or hurt my
credit score. Creditors sometimes assign collection
agencies to collect past due balances, so I don't look at a
charge off as a debt I don't have to pay. I get in contact the original creditors
rather than the collection agencies if possible. I try to negotiate
a payment plan with the creditor but I make sure I can and will pay.
Defaulting on any agreement will only put more bad credit on my
credit report. Sometimes I can get creditors to remove
charge offs' from mytotally free credit scores and replace them
with "paid as agreed" and on time" by offering to make a monthly
payment plan. All creditors want their money back and
sometimes agree to remove bad credit in exchange for regular
payments. Not all creditors will be willing. I always try to
negotiate before making any payments and get any agreement in
writing prior to making my first payment. I use agreements todispute bad
credit. If I can't get a creditor to remove a
charge off and report the bad credit as paid as agreed, then I try
for account closed, paid, or settled. I can also try to get
creditors to drop interest if I make immediate payment in full. Once
I make any payment no matter how small I will lose my bargaining
position. Charge off's are company accounting
issues and a black and white business step to take. Creditors do not
deliberately try to slur my credit record so I never
don't take it personally. I use a business attitude when dealing
with creditors and I never try to use moral high ground as a
case. I negotiate with creditors, keep records
and copies of the mail I send and receive and I use a business
language. When I contact an original creditor or
collection agency in an attempt to bargain for credit and make
payments to delete, update or remove bad credit I am saying "Here I
am, I have money and I will pay you? I always remember creditors can still sue
me in court for the owed balance and I will be liable for
costs on top. I am cautious to not push my luck too far while
negotiating payment and . I continually use pre-emptive credit
negotiation if and when I have problems or issues arise concerning
late payments on any of my reported loans or credit
cards.
I paid my student loan off but they did not
take the bad credit off my report. What do I do now?
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really the
thing to do is
negotiate if possible before
you pay.
do not pay a negotiated price until
you receive a signed company letterhead statement
collections that are
old>
like past 2 years you might as well
negotiate and pay them a settled amount.
or
validate them to
death. They only paid .20 on the dollar so do not pay in full.
anything less than 1-2
years old in collections
call the original
creditor
ask for a manager
and explain here i am i want to do right.
but at the same time i want right to be done by
me.
if the account
is listed twice as a collection and a charge off
one has to go to do right by me.
2005 or later means
you should try to settle for extremely less on collections and
forget the original creditor.
do not send a check
send a money order so they do not get your
checking account info.
and some sites are like problems
i would call them
all
talk listen
remember names dates and times
changing dates of last
activity is a serious legal issue
there are
so many circumstances that i do not care myself
i want everything to
show paid in full and as agreed or just paid
and go on with my life
but it sounds like you have some issues that
many people would work till death or suit.
me
i work with
PEOPLE.
I am a reasonable human being
you have done the
RIGHT thing with your student loan
you will
reap the rewards.
We
must have 3 - 6 open car/home loans/credit cards to improve credit
scores! It's not enough to pay off collections charges offs &
bills. We MUST have current open rated credit (12 mo's reported to
bureaus within the last 1 - 2 yrs) Get good credit
BELOW
Credit
Cards for a 350 - 599 Credit Score
Credit
Card for a 600 - 649 Score
Credit
Cards for Credit Score of 650 - 699 Credit
Cards for a 700 - 749 Credit
Score | 
