I have multiple credit cards, I payed off like 7 of them with them all being 4 - 6 years old and several
years delinquent and I now have multiple charge offs and paid in settlements sitting for all these same accounts on my report, not knowing about the paid for settlement letters and I need to know what my next course of action is?
My credit report hopefully will go up more but I am not seing the original creditors reporting paid statuses on my old accounts just the creditors that took over the collections.
I also have paid off a city tax lein that came off Tans Union but not the others and Trans union
also is nice enough to dispute another state tax lein that is close to the 10 year mark and said
they should be able to remove this also..
how do I get the other creditors too remove the other leins?
Message Edited by Tmleverage on 07-14-200703:28 PM
Message Edited by Tmleverage on 07-14-200703:29 PM
Take the letters (documenataion) that you recieved from the tax lien agency that they will be deleted. Send a copy of that along with a copy of the Gransunion credit report that shows it has been deleetd. Write a nice letter indicating that the city is willing to remove the tax lien form your credit report. If you ahve to get another letter from the city tax lien dept. Don;t give up. I nkow I can speak up for other members on thsi discussion borad. One of our comemebrs has asked for our help and that person is going to get our help. As all blances on past debts get closer and even reflecting a zero balance on all accounst your score will go up to a certain point. You can contatc each creditor and request that they delete the negative account from the credit bureaus. The worst thing that they would say is no they will not. But what you also do from today and now on is very important. Do not be late for any reason, even one time. You ahve o have at elast one major credit card being reported to each bureau because they impact the score a lot. You can have up to 3 credit cards. Satya way from teh dept store or gas station cards ebcause you can not negotiate a interest rate with them. Go to thsi websit which si aprt of myfico http://www.bankrate.com/brm/fico/calc.asp?lpid=BKRATE29
Have you tried any GW letters to the creditors you have paid off? As far as the settlements you still have some leverage if you inform the CA or OC's that you will pay a portion or the rest of the debt off for deletion.
I don't know much about the leins...I never disputed the one I had and it fell off this year (after 10 years).
So many of us have been where you are, so don't feel alone or discouraged. You'll get through this, one step at a time, but indeed, do not pay any of your creditors late, from this point on, even if it means you have to eat peanut butter and jelly for a month! Goodwill letters, written from the heart, stating your apologies for your late pays, along with mentioning your hope of cleaning up your credit, sure couldn't hurt. This may get some of them deleted from your credit reports. Try to keep in mind, as you're writing them that the readers are people too, who aren't so unlike you. I've found that many a hardnosed creditor will soften up if you just talk to them like they are human, and it's easier to do this in a letter, besides. It's worth a shot, anyway, or as they say, "Nothing ventured, nothing gained." As far as your lien goes, there are many in this forum who can better assist you in that regard. Keep us posted, for sure, as you have come to be one of us, now! We'll wonder if you don't!
Guru's couldn't the settlements be handled this way...if you want deletion?
If you and the CA agree on a settlement amount, can you still try for a PFD by paying the balance on the account. Say you had a $1000 debt and you settled for $600. Don't you still have $400 worth of leverage? Can you send them a letter telling them you are willing to pay the balance on the account for deletion from your CR's? Seems like all they could do is tell you no.