@reereetx wrote:Hello,
Well I personally have been working on rebuilding my credit (so far not bad...Eq on 6/27 was 529...yesterday 612!)...now I am helping my brother. He pulled his Eq yesterday and score is 606. He is 22 yrs old and only has 1 negative item listed. He does have $47K in student loan debt; but they are in good standing. Here is the problem: he had a VISA card from Chase opened in Aug. 2006. Our mom was paying this for him while he was in college...problem is, my parents got into big financial mess and...she got behind and he didn't know until it was past due for a while. Orignal limit was $600; balance that was charged off was $1179. Eq is reporting that the last activity was March 2008. Last report was Sept. 2009. He does not show anything in collections (yet). I'm thinking he should send a PFD letter with a settlement offer right? Or should he just offer to PIF for deletion? The debt is valid so I think at this point he needs to just try to get them to accept something in exchange for deletion. How should he word the letter? Any help would be appreciated. Thanks!
Read this....
It appears that they do remove old co's!
