Will my score increase after the charged-off accounts are removed from credit report?
Sat, 08/17/2013 08:50
There are around 3 charge-off accounts on my credit report. All the 3 accounts are with a CA in Warrior, Alabama. These accounts have been removed from my credit report recently. How will this affect my credit score? Will my score increase?
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.