How effective is it to ask a credit card company to re-age your loan? Does it work? How fast will your credit score improve? Also I have a collection account that was paid to the original creditor but however the collection account updated and did not remove from my credit report. Although the original creditor explained to them to remove this letter. What is the next step?
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dispute the second collection. as you paid the orignal creditor
say not your account never heard of re aging a credit card loan
what do you mean
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Re-aging the credit card balance…the creditor
wiping away the late payments agreeing to a payment arrangement and allowing you to start fresh.
Will paying all credit balances to zero improve your score rapidly? If not how long does it normally take to get points back?
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this would be the fastest way
YES
one year later and some new current credit....your score would jump
everything is paid off and you have new credit
the reaging thing/\....
i do not know about that
seems strange
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OK, THANKS
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the reaging thing sounds good
Try that also. I cannot hurt.
Tuesday, September 30, 2008
Re age credit card loan.
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2 comments:
Never heard of re-aging. Does that really work?
Hey ,
I actually got a call from a credit card company that I have held sine 2005 . They offered to help me by re aging my account and giving me a low interest rate. The recent economic turmoil has really hit all of us and card companies realize this . Call your creditor and explain your situation but , make sure you can actually make the payments because , you can only re age your account once in a five year period and most companies will not do it again anyway .
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