How to Negotiate With Creditors

If you are struggling to make your credit card payments or to pay off other debts, it may be time to start negotiating with creditors in order to avoid bankruptcy proceedings. You need to be prepared though, as they are used to people requesting

5 Ways To Get the Upper Hand When Dealing With A Debt Collector

If you’re like most people, being on the opposite end of a collection call can be quite a defeating interaction. Collectors generally seem unforgiving and absolutely unwilling to hold a civil conversation. This all makes it very difficult to make any progress (let alone

Repairing Bad Credit? You MUST be Persistent!

Question I have an old Verizon bill for $44 that I didn’t know about. Verizon has sold the account to a collection agency. And the collection agency is listed on my credit report (they list Verizon as the original creditor) I have attempted to

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 calling the

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 a settlement

3 Ways to Get Late Payments Removed From Your Credit Report

Late payments can be a big deal, they¬†count¬†significantly toward your credit score calculation. Late payments can stay on your credit report for 7 years. However, in my experience, it’s really not that difficult to get late payments removed. Here are three methods you can

Credit Report Not Updated After Negotiation

Question I mailed your negotiation letter a couple of weeks ago through certified mail. I got the green slip on Monday, but my credit report hasn’t been updated yet. Should I be worried? I haven’t sent them any money. Response You sent them a

Negotiating With Creditors To Get Negative Records Deleted

Negotiating for a creditor to completely remove a negative record on your credit report will usually increase your credit score more than if you pay the account off and the creditor changes the account status to ‘PAID IN FULL’. This is because even though