Credit scores are calculated based on ALL the information in your file, not just one account. It is virtually impossible to guess the impact of one piece of data on the score. In general, paying off charge offs does little to improve your score and may UNDER CERTAIN CIRCUMSTANCES harm it. Before you make such an important decision, you should thoroughly research your options and take your goals into consideration. If your goal is to raise your score, there are other, more effective, ways of doing so than paying a charge off.
What do you mean by "fix" it? Do you want this taken off of your credit report? Was the loan legitimately charged off? Do you still owe a balance on the loan? If you have a legitimate charge off reported on your credit report, it cannot be legally removed. If you owe a balance and the charge off is recent, paying off the balance could help. However, the charge off will still show on your credit report for 7 years, and only time will remove it. Still, if you keep your credit in good shape otherwise, the charge off will hurt you less and less as time goes by. Read more about your credit report and score in the link below.
Credit reference agencies can help you identify any mistakes that appear on your credit report. By checking your credit report for free once a year you can notify credit agencies of any errors on your credit report and have them resolved before it effects your credit score.
One can monitor their own credit report online. Websites like Equifax, Experian, and Transunion offer a free credit report once a year for users to help monitor their credit report.
There are different places on the internet where you can order a free credit report, and also representatives and professionals that can help you acquire a free credit report.
To find information on a credit report, you can go online and asks websites like Equifax or Consumer Products to help you with your credit report troubles.
One can get a free credit card report by going to your local bank and requesting one. A dedicated agent will help you prepare your finances for the credit report.
To get a TransUnion credit report you can go directly to their website and fill out an application for a report. You can also find many companies that will help you get your credit report from all 3 major credit agencies for a small fee. Most even have a free trial!
One can request a free credit report from Equifax by going to their website and selecting free credit report. A dedicated agent will help you set up your account.
Read the Fair Credit Billing Act. Also your user agreement.
I am a professional debt collector and would say the best answer would be to either contact your credit card company and see to whom they sold the debt, as they no longer own the debt and therefore can not help you rectify the situation. The other option would be to pull a credit report on yourself and check to see if the collection agency is on your report, or if there was an inquiry on your report from a collection agency.
There are services that can help get things off of your credit report. One that I know of that offers a free credit review is Total Credit Care. The website is www.mytotalcreditcare.com. Best of Luck to you!
yes, there is professionals out there who charge between $300-$600 and they will help you imporve your personal credit report. It usually takes 3-9 months depending on your credit situation! good luck! asian623 http://www.myspace.com/scionturboracing