DLZ asked:


I want to pay off several credit card collections accounts. I want to handle them myself and not utilize a debt consolidation program because I’ve heard that a “settle” on your credit report still looks bad. How would I go about paying the accounts off AND having them removed? Also, do I have to pay the accounts in full to have the collections removed or can I just pay a high percentage of what is due. ( like 80% )
If the collection agency is willing to remove the collection from your account, will it look like I don’t have credit at all? I have one credit card that I am keeping open, but the others are closed already.
Any ideas anyone? I plan on being debt free by January. I don’t want the accounts removed. I want them to erased the negative account info.
I don’t want the accounts REMOVED. I want to STATUS TO BE CHANGED.
My friend had it done, but i want to know if it is common for a collection agency to do so.

Joyce

John J asked:


I never had a late payment or any other kind of derogatory remarks. I want it removed for personal reasons. Will a credit card company hesitate to remove it from my credit report at my request?

Debra

ariel_okinawa asked:


In other words, my bankruptcy was discharged at the end of March, when will the credit report relect which accounts were thrown out in the bankruptcy?

Thanks!
DAS: I know that the items stay on the credit report, but they will have a note indicating that the were included in the bankruptcy so that any future creditors can see that the debt is not outstanding.

Randy

Paul C asked:


My girlfriend was dragged through a bankruptcy due to her ex-husband. She is trying to re-establish her credit rating. There is an opportunity to rent a condo from a friend. (Currently, she is living with her parents.) The other option would be to move into an apartment that would report to credit agencies.

Heidi

Steve in Seattle asked:


I have a tax lien on my credit reports - again - some 12 years after CA put it on, even though I didn’t owe taxes (OK, I filed late without an extension…my fault…).

I have had it removed three times over the years, but checked my Credit report not long ago and there it was again.

Each time I’ve needed to send in the proof document from the state (they’ve provided it to me back in 1995) and send it to the three credit bureaus…and it will come off for a bit, but ends up back on again - screwing up my credit scores.

Is there a reliable way to keep this from continuing to happen? Does anyone know? Anyone every cracked to code on the California Franchise tax board’s reporting mess?

Thanks.

Steve in Seattle.
I should ephasize: This is NOT a PAID tax lien - it’s a tax lien that was removed by the State of California since I no longer owed the taxes. The document I have is dated 1995.

I will contact CA State Franchise Tax Board. As a California State Gov’t Agency, it will probably be equally unenjoyable and innefective as a trip the the CA DMV.

Thanks All!

Paula

The Truth Hurts ! asked:


I have a few bad items on my credit report that add up to at most 2k..I’m really concerned that this might effect my chances of getting a job at the bank.

Phyllis

Curiosity Killed Your Cat Not Me asked:


I opened a credit card account through my old employer (Circuit City) in 2001 when I was 17. I made payments on time until 2002 when I joined the Armed Forces and was unable to pay on my account due to not having the account information available at the time. Consequently, it was keyed negative on my credit report and by the time I was done with Basic Training it went to collections. The collection agency was sending bills to collect the debt back home. When I had the chance to receive the letters, I called the collection agency and made an arrangement to pay the debt. The credit bureau then marked it as a charge off; paid in full on my credit report. After a few years I tried disputing this hoping to get it removed, but the bank denied the request. So I’ve been suffering since and now its 2007. I guess I supposed to wait until 2009. My questions are, can I get this removed and when it is removed will my credit score rise? When inquiries disappear from my credit report, will it rise?

Nicholas

steevy v asked:


I cosigned on a loan for my brother’s son. I just found out the he defaulted the loan and its now showing on my credit report I was never contacted by the finance company regarding the matter is there way I can have it removed from my report? My brother has made arrangements to pay them. Any suggestions?

Charlotte

themofer asked:


Back in 1999 I had just turned 18 and got myself a cellphone. Being the irresponsible teenager that I was, I never paid the bill. Well they never shut my phone off, I became homeless and kept using it all the way up till it got stolen 5 months after I got it. Who know’s how long it was still on after that. My bill got racked up to about $1,500 and I have never paid a dime, and never had contact with Verizon, or the collection agency. I recently got my credit report and it showed that Verizon reported the debt to them in 2005. A couple days after I got my credit report, I got a bill from a collection agency stating that I owed $2,500 and showed that I had incurred the debt in Dec. 1999. I have heard there is a statute of limitations on credit issues, and from what I’ve heard, it’s 6 years in Oregon. I just need to know the right way to handle this before I start contacting people. Any advice is appreciated.

Stephanie

Lightening asked:


To take someone on your credit report reporting it as negative , to start, once you receive the credit report, how do you get the creditors in court to dispute with them? Do you take them to small claims court or where do you have court? What if they’re out of state?

Earl