I have a lot of things falling off this year off my credit report. I understand that if I make a payment on a collection it restarts the SOL. My question is if there is something that is scheduled to fall of my report in Decemeber 2012 and I pay it in full will it stay for another 7 years or will it still fall off in December?
I have 4 reports on my experian for the same Acct 2 from target and 2 from the collection agency that has the debt. Its scheduled to fall off on April 2013 . Is there anything I can do to take off at least 2 of these?
This might not be the right area but does anyone have a sample letter I can send to a collection agency asking to remove a chargoff on my report if a debt if paid. (I know this is unlikly but want to try) I have a $600.00 charge from Washington Mutal that I need to pay so I can open a bank account.
By signing up a debt counseling session, your provided details (Name, Email ID and Phone No.) will be forwarded to the company advertising on the DebtCC. However, you have no obligation to use their services.
Some creditors and collection agencies refuse to lower the payoff amount, interest rate, and fees owed by the consumer.
Creditors/collection agencies can make collection calls and file lawsuits against the consumers represented by the debt relief companies.
Debt relief services may have a negative impact on the consumer's creditworthiness and his overall debt amount may increase due to the accumulation of extra fees.
The amount which the consumer saves with the use of debt relief services can be regarded as taxable income.