on_my_way wrote:
Thanks for the info. There was good info there. The GW letter was outstanding. I will try using that when we go to settlw debts. Should I try to dispute items on my report 1st and see what happens? I heard that if you dispute something, the item is resurrected which could mean a further decrease in my score. I have also heard that if I try to negotiate a settlement with a company that I have not been in contact with in a very long time, it will hurt me rather than help me. Is that true?
Before you do anything or file for BK, I would post all of your accounts that are reporting on your CRs. This includes the good, the bad and the ugly. Include as much detail as possible: CC's and their credit limits and balances, installments, auto loans, student loans, collections, charge-offs, default dates on bad accounts, status of accounts rather they are open or closed and paid or unpaid. What state do you live in? This will allow us to determine if you are still under the SOL (statue of limitations).
Scores can increase or decrease if you have ongoing disputes. I wouldn't worry so much about this right now. Whatever you do, do not pay anyone a cent until you are certain about what the consequences and outcomes of doing so might be.
Credit repair is usually an arduous process and requires a great deal of patience. The good news for you folks is it can't get much worse. We are here to help!
Message Edited by fused111 on
08-15-2007 07:28 PM
