Re age credit card loan.

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.

Should I pay American Express or the collection CA

My charged-off account is with American Express; I owe $1,074 and can pay it in full. I have received letters from a CA willing to settle for $700. My Credit report lists only Amex. I was planning to reopen the account to replace the bad credit by paying in full. Would it report the same if I just settle with the CA for $700 and find an alternative source of credit (like Old Orchard). I spoke with Amex and inquired about any good will policy that could be implemented with payment in full – they referred me to their credit department (which I haven’t contacted yet). Since this will fall off in 2009, I want to avoid any re-dating by Amex, but I would also like to take care of my obligations.
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It would be better to do business with amex
they will blackball you forever if you do not pay them no matter what your report says
and
you can get new good credit with them.
bypass the ca, but ask amex about the ca and if you pay will the ca go away
get something in writing, on business letter head before you pay
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wanting to clean up my credit in order to purchase a house

I am wanting to clean up my credit in order to purchase a house. I especially don't want to have to pay a high interest rate. I have several delinquent credit cards on my record but it's all over 2 years. I have plans to pay all bad dept off in another year. But I read from your web site after 2 years even if the dept is paid, it wouldn't raise the fico score very much. In spite of the bad credit reported, I do have 2 current credit accounts that are excellent which are on my recent file.

My question is ... would I do better by leaving the 2 year old bad dept unpaid? I'm afraid if I paid the bad dept off, it wouldn't reflect on my credit report as paid. I don't trust any collection agency's promises unless it's in writing. And I have had collection agencies refuse to put any negotiation in writing. At least, I was smart enough not to take their word at face value. I didn't pay the agency.

Also, can I dispute the amount I am being charged to only the credit bureaus and bypass the collection agency all together? There are stock piles of late fees and late charges that I feel I shouldn't have to pay. For example: In reality, I may owe only $600.00 but after the late charges from the creditor and fees from the collection agency, my dept increases to $1000.00. Is this even legal?
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the original creditor is the only place to negotiate
collectors cannot sue or threat to sue
and they can not put sold collections on your report in MOST cases

valdiate these debts
and call file with your state attorney general is they do not compy which they can't
most collections were sold for pennies on the dollar to help the first creditor.
it is illegal for them to threat to sue and to put it on your credit report
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Will 2 year old bad dept affect your fico score, especially when you have good credit that's been paid on time and has existed over two years?
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i dont know
what is your credit report fico score at all three bureaus?
what does it need to be?
many times a home or car loan will require one to have all past due outstanding debts paid in full.

Trying to refinance a home with 105 negative statements

My fiance was laid off reducing our income. I had 13 credit accounts that all went delinquent --- charge offs, late payments (30, 60, 90, 120). Last sping (2007) I worked with a company to settle these debts. All balances are now zero, but did not raise my credit score due to the remaining negative statements. Currently there are 105 negative statements from the 13 creditors. We are on our 2nd arm mortgage and have to refinance again next Jan (2009). I am deathly afraid of getting another arm, obtaining a new payment we cant afford, or losing our home.
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over come them with new good credit
if the acounts show a zero balance.
3 new good lines of reported credit will raise your score enough in that time to help big time
this is what i did

Bankrupt credit problems creditors calling court jail

Okay well I have credit problems and I have creditors calling leaving messages etc. And I have spoken to a few but they are so mean so im trying to work with them. My credit is so bad that im thinking about the big "B" yes Bankrupt. but alot of my friends are telling me not to go that route. Well to finally get to the questions, I have been to court for a settlement for a past due credit card and I was making payments, okay I left the state I was in to go college and that didn't work out, and not to sound ditsy but I forgot about my payments, and im afraid that ill go to jail and that's why im afraid to call and continue where I left off. So in that case I don't know what to do, since there was a court appearance involved.
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in your situation yes
call or else face a warrant for arrest when you are pulled over for a traffic problem.
Eventually you will have to pay

I think if you call you can feel it out and hope
give your past name and address and ask how much you owe
do not give out your current address or phone at first.
if you can pay them off right then.
be prepared to pay in full right then

Paying off old charge offs and a judgement. My credit score

I am paying off old charge off accounts, will this have any impact on my credit score. In addition, I had judgement placed in 1999, I paid it in full 10/2000. It should have been removed in 2007. Once this is removed, shouldn't my score improve? I have paid off 4 charged-off accounts this year. I live in Texas and these accounts, not all were paid delinquent when I divorced in 1997.
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it should help some. but if you have new current good credit, which one has to have, to have good scores. Not more than 20+ points.
get and keep new good credit.
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What do you mean, " not more than 20+ points?" Do you mean that paying the old bills will only increase my score by 20 points or new good credit will increase by 20+ points
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what is your score now
do you have 3 open rated lines of credit now
I mean if you have good credit now and the charge offs are more than 2 years old your credit score should be pretty strong already
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I do not know my score. I have not checked it since 2000. I am sending for it this month, and yes I have 3 open rated lines of credit.
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One should know the score and have a copy of the report
Good.
You are on the right track.
Negotiate with and pay off old charge offs. Vaildate any duplicates.
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Well, I got a copy of my score and it is 589. My plan is to pay down my balances, and pay off accounts. I am currently paying accounts, but these accounts have already been charged off, but I have an obligation to repay. How long will it take me to raise my credit score to 650. I want to purchase a new car, hopefully in June.
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I would dispute some old stuff and hope
paying something off will help you greatly
june is 9 months from now.
with 3 open rated lines off good credit, some paid, some removed, 650 is reachable. Of course I never know for sure till I do it.
You can. Go for it.
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I was looking over old emails
and
your score could jump way over 20+ points and
could go up to 650
if
you keep 3 open lines of credit that are reported to bureaus and owe less than 80% on the credit limit of each.
Validate legally / then / Negotiate any old bad credit Read this page

be sure to negotiate with original creditors.
be sure to validate any duplicate charge offs
like a collection thats is also reported from a credit card or hospital or utility.

This is the right answer.
Sorry for the mumbo jumbo

capital one says i owe x dollars on a 99 date of last activity.

I've pulled my "free" credit report from all three bureaus. I recently received a phone call from a creditor from Capital One, stating that I owe x amount of dollars. The last report of activity was 9/99.

I guess my question to you would be, if I pay the amount (or make payments) hypothetically today, would my credit report show, that the last date of activity is today? And therefore start the 7 year cycle again? Or, chalk it up as a loss, and pray for next year to hurry up and come?
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yes the redate can happen
you might sit tight and hope nothing else happens
if it does
validate the debt first
negotiate if it can be validated
pay if you have done the above and can afford it
keep new good credit open.
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Good or bad credit takes:
12 months to be rated on my report
2 years old and the account becomes unrated but can affect my score negatively.
2 years of solid reported credit will overcome most old bad credit.
7 years is how long most credit shows on my report.

Credit card closed by creditor. Should I pay them off

I have a credit card that has been closed by the creditor but I still owe about $4,000 on it. If I pay it down, will this help my credit? What is the best way to proceed with this?
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It always helps to pay something down or off.

If you can, pay them off.
I would try to re open the card and after one year asked for the creditor to only report the last 12 months activity or too have the old lates removed.

Maxed out credit cards. How much will my score raise if I Pay them?

I have two credit cards that need to be paid off. The amount is about 700 dollars. How long will it take for my credit score to go up after I pay those off?
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30 days or less if they are maxed and at least 1 year old
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Do you know how many points it will increase? If its about 2 cc with about 400 each.
Thanks. Those are the only bad cc I have on my credit and they messed up my credit. I had some other ones on my credit report about 3 years ago, but I paid them off.
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i don't know your score now.
do you?
Do you have 3 open lines of credit now, that are at least 1-2 years old and with no late payments in the 1-2 year period?
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My score now for TransUnion is 579, experian 548 and equifax is 579. I still have 2 credit cards that I need to pay on which I am going to do this month. I have a car loan that I pay on I had one late payment. I have a store card that I always pay on time, and a student loan that I will start paying soon. The 2 credit Cards I think are killing me. One is capital one and one is a store charge card. I called to pay them off, and they told me they were going bankrupt so now they are trying to collect.
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Pay any collection or charge off after negotiation. Reopen same accounts if possible buy sending in up front payment so they trust you. Make sure the report to bureaus.You need three open reported lines of credit
Make sure balances are less than 80% of limit.
Close capital one and get another card here
Make on time payments for 1 to 2 years and your score will go to 700

Collections and debt validation, paid in full, pay in full

# 1) I have two accounts on my report, that have been forwarded to a Collector. I have had better response from the Creditor than theCollectors. I have not rec'vd any validations from the collectors tothis date. I want to contract the credit bureau, informing them that Ihave sent these collectors Debt validation letters with no response, butI don't want to open a can of worms. To this point, I have decided todeal with the creditor who is not on my report. Do I just send a letterto the Creditor for negotiation and deal with them?
#2) I disputed an account with a Creditor, who sent me a letter statingthey would be contacting the Credit Reporting Agencies to have the itemDeleted from my report. Two of the three have deleted the item from myreport and the other one is still holding off.
#3) I have been in dispute with a Collector on an account that was paid in full prior to them purchasing the account. I have sent them all theback up pertaining to the account with no response. I have since sentthe documents to the Credit Agencies, who, two out of three have removethe account, but again, one is not budging.
#4) Can a collector who have been DELETED from your report, go backafter the SOL have run out, no debt validation given be added back toyour report?
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anything can happen in credit reporting
sounds like your are doing all you can
i would negotiate with the first creditor of they are willing. They can ask for removal of a collection they assigned. Sometimes they don't. But if you can pay it do and go on.

Negotiate and paid will it help my score and how much

I’ve negotiated and paid off 3 credit cards that went to collections in the span of a month in a half. Will that help my score?
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Sure will. Your credit report score will raise 10 - 80 points fast.
More if you re open these accounts and a year from now you call and get the old lates removed.

I recently pulled my wifes credit report from truecredit.com which shows all three reports and notice that a medical collection is on there and has been paid. It shows paid with a zero balance. How do I get this off of my report. Also the collection company hit the report for an inquiry. I wrote them a letter asking where there were given permission to pull the credit report and haven't heard from them yet.

Any help or guidance would be appreciative.
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http://www.oskie.com/credit-dispute.htm
http://www.oskie.com/free-letter/debt-validation-letter-collections-collection-company-agency.htm

He moved to the USA a few years ago, and even though he was American his english was not so great. He went to a gym and convinced him to sign a contract, but told him that it was just paperwork and he could quit at anytime. Well he stopped going and now he owes them the rest of the money for the 3 year contract that they tricked him into signing. Now his credit is messed up and he needs to fix it. Can you please help or make a suggestion?

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"majors@oskie.com" / to Gym Contract Charge Off / show details / May 21
Same thing happened to me.
One has to fullfill the contract. Contact creditor and negotiate payments and pay in full if they agree to remove the bad marks.