It is always easy to think just because your debt your credit goes up, but that is not true at all. Many credit companies don't tell people that are suffering with credit debt or any debt that it not because your in debt that bring it down there are hidden fees that are not been removed so there where I come in and tell you the truth don't pay the debt. Its not going to help you out get in contact with an expert. I you need more information contact me at 786-792-2002
Pay the debt.
7 Years from the DLA.
Debt consolidation is usually removed when you complete or terminate the debt management plan. It is advisable to review your credit report on completion of the program and make sure that all information on your credit report is accurate. If the notation that you are undergoing debt consolidation has not been removed, you will need to contact the credit bureau to have it removed. There are a few creditors who may continue to report an account in a debt management plan as delinquent until the balance is totally paid up. This may have a negative impact on your credit worthiness.
A business credit card debt can affect someone's personal credit card rating. A credit report for an individual is processed by activity of one's overall credit. This means that having debt for a business credit card can hurt a person's chances of receiving lower interest for a home finance loan.
The easiest way to have debt removed from your credit file is to pay the debt which also show that you can make & keep to payments. You can also negotiate with the company the debt is with to remove this debt.
Call your credit card company and inquire. If you can not get through, cancel the card.
No the collection will not be removed from the credit report. They will show it paid in full.
seven years
Bankruptcy would be more credit damaging than just having large credit card debt, mainly because it stays on your credit report for longer. One of the biggest disadvantages of filing for bankruptcy is the lasting effect it has on your credit report- typically staying on your report for 7-10 years. With credit card debt there are more flexible options and obviously when you pay the debt and does not stay on your report for as long.
It may not be, records on your credit report can expire and disapear but the debt still needs to be repaid
7 Years from the DLA.
Debt consolidation is usually removed when you complete or terminate the debt management plan. It is advisable to review your credit report on completion of the program and make sure that all information on your credit report is accurate. If the notation that you are undergoing debt consolidation has not been removed, you will need to contact the credit bureau to have it removed. There are a few creditors who may continue to report an account in a debt management plan as delinquent until the balance is totally paid up. This may have a negative impact on your credit worthiness.
as long as it remains a part of your credit report, 7 years.
If you are planning on paying the debt then let them know it is you and negotiate to have it removed from your credit report once its paid. If you dont plan on paying the debt then it will stay on your credit report for seven years regardless of whether you answer that letter.
Yes it can be removed from your credit report but it is long process. You have to prove your case and supply documentation. Sometimes the credit card companies are slow or unwilling to respond and you may even need to engage an attorney.
credit card debt is reserved to all the names that were used when the credit card was applied for so even in divorce situations where the judge has split the debt it is not legally removed from you if your name was on the account
A business credit card debt can affect someone's personal credit card rating. A credit report for an individual is processed by activity of one's overall credit. This means that having debt for a business credit card can hurt a person's chances of receiving lower interest for a home finance loan.
you run like hell to Mexico