Negative notes on my credit report

[Anonymous]

I have 11 negative notes on my credit report.  A couple of them go as far back as 2002.  Several note that credit card debts were recently "paid in full".  I did this through a debt consolidation over a 37 month period.  I was surprised to see "charge off" on all of them, which seems to indicate that the creditors gave me some kind "break" on the principal amounts due and owing.  However, this was not the case.  I paid off the full principal amounts that were due from the time that I was unable to pay.

The problem I have is that, although I now have what is termed as a "good" credit score (674), and applied for credit cards with 2 companies, Amex and Capital, I was denied based upon, among other things, the "charge off" of debt.

I diputed each and every one of the "negatives" on my report, with detailed explanations of how much I paid and when I satisfied the debt.  Will this help?  Will I ever rid myself of these negative notations, so that I can qualify for the best interest rates.  I have cleaned up all of my outstanding debt and will shortly pay off my one remaining balance on the only credit card that I managed to retain.

Can anyone offer some advice on this?  Thanks.

[Anonymous]

Blanket disputes, disputing everything at once, is never advised.

Discussion of disputing accurate information is prohibited on the forums, as it is illegal to dispute accurate information and unethical.

Please read the  Credit Repair Discussion Guidelines, Terms of Service, and User Guidelines.

Now, even if you did pay in full, that doesn't mean they didn't charge off the accounts. Charge off is a term that companies use for tax/accounting purposes, which means at one point the deemed your account as being uncollectable.

When you went delinquent, did you immediately begin the debt repayment program, or was it a while after you went delinquent that you began repayment?

Even though you paid these accounts in full, they are still negative items and will remain for 7 years from the DOFD.

If you haven't already, I would advise getting your free annual reports, so that you can see all the relevant dates, including DOFD(on EQ report) or estimated date of removal(on EX and TU reports).

Disputing everything won't help. It could have caused a major score drop while the disputes are being investigated and you could end up with a FA on your reports. Because of the blanket disputes, IMO, you will have a harder time disputing in the future, as the CRA will send it back as "frivoulous".

Unless you need to apply for credit right now, I would ride it out and wait until the negative accounts fall off. If you have any reporting by a CA, you can GW them to remove them. You can also send GW letters to an OC to have them remove the account, but accounts reported by the OC are counted in your history age, so removing them may not help, but hurt.

If you absolutely need a CC, I would suggest going with a secured CC.