Yearly Archive:: 2008

Can I Deal with Original Creditor After a Charge Off?

Question I had an account with Citi that went to collections after a charge off, can I bypass the collection agency and call Citi directly? Response Yes, in most cases you can do this. As a matter of fact, I recommend always

When Are Creditors Willing To Settle?

Question I have several credit cards in varying stages of delinquency. How far behind does one typically have to  fall, before a creditor is ready to accept a reduced settlement? And when do creditors typically give up and send the account to

Ins and Outs of Debt Settlement Companies

Question Do you have any advice on debt settlement companies? I am involved with one now and I am not sure I made the right decision. Response I personally do not like debt settlement companies and wouldn’t advise anyone to use one.

How Long for a Goodwill Response?

Question I sent 3 of my creditors goodwill letters about 2 months ago. How long does it take for a response? And if nothing happens, what should be my next step? Response Are these accounts paid in full? If not, offer them

Do I still have to pay if the account is not on my credit report?

Reader’s Question Dear Ashley – I wanted to know. I have a big account on my credit report of about 17,000 dollars. It’s from a car I used to have. Is there anything that I can do about that to try to

Negotiate Full Debt Amount or Settlement?

Question I have an unpaid account in collections. But the original creditor is also on my credit report. Which one should I negotiate with to pay and have it removed? Do I negotiate the full amount, or the settlement amount? Response Try

Deal with original creditor or collection agency?

Question I’ve have charge offs on my credit report that are about 3 years old, would it be better to try and fix them with he original creditor or the collection agency ? Response Are they paid? If not, are you looking

Removing Late Payments From Credit Report

Question I have 2 paid off installment accounts that have past due in late 2007. should i try to remove those 2 and how do i go about it? or should i leave them on the report. Thanks for your time and

The Quick and Dirty on Authorized Credit Card Users

I have been receiving a lot of emails from folks asking how authorizing another person (usually a friend or relative) on their credit card will affect both party’s credit score. Well, the news is that the folks over at Fair Isaac (they

3 Ways to Get a Late Payment Removed From Your Credit Report

Late payments can be a big deal, they count significantly toward your credit score calculation, and can stay on your credit report for seven years unless you do something. However, in my experience, it’s really not that difficult to get late payments removed. Here