04-16-2012 09:16 AM
Hi to all, I started the journey to clean my report and I've been reading this great forum to the point that I'm overwhelm,thank you all for your contributions question is if I dispute a debt or have the CRA's do it will reset the "so call clock" on the debt? Who if I try to settle? Will that wake up the hornets nest?
Thank you in advance.
04-16-2012 10:03 AM
Disputing will not reset the clock on a debt unless you bring it back to current and default again. Are these items out of the SOL for your state? Whats your credit picture??
04-16-2012 01:41 PM
04-16-2012 04:10 PM
Neither a dispute nor a DV will reset any periods under the FCRA, but I have a basic question....what is meant by "disputing the debt?"
A request for debt verification, or a dispute over accuracy of their reporting?
If the debt is either invalid or reporting inaccurately, do you want that resolved prior to entering into any negotiations to settle the debt?
I am not sure exactly what the plan is.....
04-16-2012 06:06 PM
IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more
FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.