I have one old CC debt with a DLA of May, 2004 and the DLR as Feb. 2005 when it was Charged off and has since been sold off to another Debt Collector in 2008. Going by the 7 year rule should I attempt to settle this old debt or wait until the time limit is up and it is removed from my report and if so when should that occur?
Another issue a car loan that I had been late making payments on during 2004. I was able to pay off the loan early during 2005. This loan is still showing in my Negative Accounts on my credit reports. The creditor in spite of my having a new loan with them that I have not only been paying on time but paying extra toward the principal refuses to remove the previous negative information from credit reports. The current loan was taken out in Jan. 2008. Is there any way I can get this removed from my reports?
Patlynn
