when you pay it.
Your credit report is irrelvent. Certainly many debts are not on one. If you owe the debt, report it.
Typically classes regarding paying off credit card debt are offered by community based organizations. The best bet for paying off credit card debt is to go see a credit couselor.
Yes, you can. Simply pay the credit card company what they are owed, or have the debt written off.
Care One is a debt consolidation service that negotiates with your creditors to reduce your debt. Debt reduction never looks good on your credit report because it signals to creditors that you have not paid your previous debts in full. However, most people who are deep in debt rightly prioritize getting out of debt over having a good credit rating. Also, credit reports only go back seven years, so eventually negative items will drop off your report.
Credit card debt is hard to get rid of. for those far into debt there are really only two options, consolidating credit where a company essentially pays off your debt then you pay them with a monthly payment, or bankruptcy. Both are hard to do and costly but the best options for anyone with debt.
NO. What this will do is satisfy the debt only. This will show in favor on your credit, but it will still show as a repo. You are better off paying the debt. If you are doing this, make sure to have them issue a satifaction of debt letter to the credit bureaus. This will increase your score.
In order to get out of your credit card debt you must start to pay off your debt and this can be acheived by budgeting rather harshly. The quicker you save, the quicker your debt will be wiped out.
Debt management plans are very effective in paying helping you pay off your debt without affecting your credit score. The sooner you pay off your debt, the less stressed you will and the better your credit score will be.
There are companies that offer assistance with getting out of credit card debt. It is possible to get out of credit card debt by carefully watching spending and managing income and expenses, then slowly paying off the debt.
No - if you had bad debt on your credit it has already been effected in a negative way however, it will be adjusted once it has been updated of the paid off debt.
It should drop off after 7 years, but you should write to the credit reporting angencies to report the payment and provide proof that the debt has been paid and this might expedite removal from your credit report.
There are many companies in exsistence today that can help people with growing credit card debt, such as; Consumer Credit, Care One Credit, and a company called Credit Card Debt. One of these services will steer you in the right direction in lowering and eliminating your credit debt.