Comments on: What will my credit report show if I choose to settle an old credit card account with a debt collector? http://creditconnectpro.com/what-will-my-credit-report-show-if-i-choose-to-settle-an-old-credit-card-account-with-a-debt-collector/347/ Free Credit and Debt Information Mon, 21 May 2012 23:22:21 +0000 http://wordpress.org/?v=2.7 hourly 1 By: geezer 51 http://creditconnectpro.com/what-will-my-credit-report-show-if-i-choose-to-settle-an-old-credit-card-account-with-a-debt-collector/347/comment-page-1/#comment-798 geezer 51 Mon, 06 Apr 2009 17:35:40 +0000 http://creditconnectpro.com/what-will-my-credit-report-show-if-i-choose-to-settle-an-old-credit-card-account-with-a-debt-collector/347/#comment-798 it will still show on your fica score as 'collected' it will still show on your fica score as ‘collected’

]]> By: 777 http://creditconnectpro.com/what-will-my-credit-report-show-if-i-choose-to-settle-an-old-credit-card-account-with-a-debt-collector/347/comment-page-1/#comment-797 777 Sun, 05 Apr 2009 12:01:05 +0000 http://creditconnectpro.com/what-will-my-credit-report-show-if-i-choose-to-settle-an-old-credit-card-account-with-a-debt-collector/347/#comment-797 hello, i don't know how old this debt is but if it is older than 7 years on Anything .......fight back. i have learned thru personal experiance the dishonesty and bullying of both the big 3 credit reporting agencies (Experian,Transunion,Equifax) and the debt colection agencies. IF YOUR CREDIT REPORT, AT ANY TIME, REFLECTS WHAT IS NOT TRUE (OR LEGAL)-WRITE THEM A LETTER STATING WHAT IS TRUE.THE SAME GOES FOR THE "DEBT COLLECTORS". GOD BLESS YOU , 777 hello, i don’t know how old this debt is but if it is older than 7 years on Anything …….fight back. i have learned thru personal experiance the dishonesty and bullying of both the big 3 credit reporting agencies (Experian,Transunion,Equifax) and the debt colection agencies. IF YOUR CREDIT REPORT, AT ANY TIME, REFLECTS WHAT IS NOT TRUE (OR LEGAL)-WRITE THEM A LETTER STATING WHAT IS TRUE.THE SAME GOES FOR THE “DEBT COLLECTORS”. GOD BLESS YOU , 777

]]> By: MusicMan5537 http://creditconnectpro.com/what-will-my-credit-report-show-if-i-choose-to-settle-an-old-credit-card-account-with-a-debt-collector/347/comment-page-1/#comment-796 MusicMan5537 Fri, 03 Apr 2009 02:19:52 +0000 http://creditconnectpro.com/what-will-my-credit-report-show-if-i-choose-to-settle-an-old-credit-card-account-with-a-debt-collector/347/#comment-796 I wouldn't pay the debt collectors anything. The damage is already done, so put the cash away for a rainy day. Like others said, seven years to clear negative items from your credit report. I wouldn’t pay the debt collectors anything. The damage is already done, so put the cash away for a rainy day.
Like others said, seven years to clear negative items from your credit report.

]]> By: cardinalboy97 http://creditconnectpro.com/what-will-my-credit-report-show-if-i-choose-to-settle-an-old-credit-card-account-with-a-debt-collector/347/comment-page-1/#comment-795 cardinalboy97 Thu, 02 Apr 2009 10:53:35 +0000 http://creditconnectpro.com/what-will-my-credit-report-show-if-i-choose-to-settle-an-old-credit-card-account-with-a-debt-collector/347/#comment-795 Think very carefully before you do this. Depending on your state, debts are only legally collectible for a certain period of time. In addition, they can only be reported for a certain period of time. Depending on when the last activity was on your account, you may have passed this time threshold, or are approaching it, but paying a lesser amount will re-start the reporting time clock. Do some research and find out what the statute of limitations are in your state. You may have to live with a crappy credit report for just a little while longer until such time when the negative stuff begins to fall off. I'm not saying that's the moral or ethical thing to do, but we're not here to judge anyone's moral compass (or lach thereof). Think very carefully before you do this. Depending on your state, debts are only legally collectible for a certain period of time. In addition, they can only be reported for a certain period of time. Depending on when the last activity was on your account, you may have passed this time threshold, or are approaching it, but paying a lesser amount will re-start the reporting time clock. Do some research and find out what the statute of limitations are in your state. You may have to live with a crappy credit report for just a little while longer until such time when the negative stuff begins to fall off.

I’m not saying that’s the moral or ethical thing to do, but we’re not here to judge anyone’s moral compass (or lach thereof).

]]> By: poetcomic http://creditconnectpro.com/what-will-my-credit-report-show-if-i-choose-to-settle-an-old-credit-card-account-with-a-debt-collector/347/comment-page-1/#comment-794 poetcomic Mon, 30 Mar 2009 09:05:37 +0000 http://creditconnectpro.com/what-will-my-credit-report-show-if-i-choose-to-settle-an-old-credit-card-account-with-a-debt-collector/347/#comment-794 Yes, if you are working with a credible collection agency or debt counseling service. The "bad" part of your credit will stay on the credit reports for 7 years after the LAST active action. Yes, if you are working with a credible collection agency or debt counseling service. The “bad” part of your credit will stay on the credit reports for 7 years after the LAST active action.

]]> By: summit_of_human_intellect http://creditconnectpro.com/what-will-my-credit-report-show-if-i-choose-to-settle-an-old-credit-card-account-with-a-debt-collector/347/comment-page-1/#comment-793 summit_of_human_intellect Sun, 29 Mar 2009 15:07:27 +0000 http://creditconnectpro.com/what-will-my-credit-report-show-if-i-choose-to-settle-an-old-credit-card-account-with-a-debt-collector/347/#comment-793 nothing good. It'll just show it as closed by the credit grantor. The only difference is that it won't show a balance due on that account. But it's still a negative when viewed by a creditor. nothing good. It’ll just show it as closed by the credit grantor. The only difference is that it won’t show a balance due on that account. But it’s still a negative when viewed by a creditor.

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