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What else can I help you with?
If you pay off an old debt no longer on your credit report will it be placed back on the credit report?
Yes it can. You should agree to pay it only if there is an agreement to not report it to the credit reporting agencies.
How can I remove a debt collector from my credit report?
To remove a debt collector from your credit report, you can dispute the debt with the credit bureaus if you believe it is inaccurate or outdated. You can also negotiate a pay-for-delete agreement with the debt collector to have the negative information removed in exchange for payment.
How can one go about starting a credit card debt settlement?
You need to get in contact with your credit card company and make an agreement on how you are going to pay back your debts. The cost to doing a credits card debt settlement is that you end up with a very bad credit score.
What to do with 30k credit debt?
PAY
Better to pay in full or settle a credit card debt?
In most cases, it is always better to pay the credit card off in full because the payoff is best for your credit rating. If you are able to settle the debt with an agreement that states that the credit card company will not send an adverse action transaction (e.g., chargeoff, workout, etc.) to the credit reporting bureaus, then you are better off settling.
Is it beneficial to pay that debt off or is it just a redundant action once a debt has gone to collections and damaged your credit report?
It is best to pay off the debt. You can also ask if they will remove their listing completely from your credit report, if you agree to pay. If they agree to this, tell them to send the agreement to you in writing and you will immediately pay off the debt.
If you pay off an old debt no longer on your credit report will it be placed back on the credit report?
Yes it can. You should agree to pay it only if there is an agreement to not report it to the credit reporting agencies.
How can I remove a debt collector from my credit report?
To remove a debt collector from your credit report, you can dispute the debt with the credit bureaus if you believe it is inaccurate or outdated. You can also negotiate a pay-for-delete agreement with the debt collector to have the negative information removed in exchange for payment.
What is a Hardship agreement credit card companies?
A Hardship Agreement, is when you as the consumer agrees to pay the minimum payment with no APR, or finance charges for a number of months. This is the last option you have to pay your debt.
How can one go about starting a credit card debt settlement?
You need to get in contact with your credit card company and make an agreement on how you are going to pay back your debts. The cost to doing a credits card debt settlement is that you end up with a very bad credit score.
What to do with 30k credit debt?
PAY
How do you handle the remaining debt to avoid garnishment once your credit is cleared?
If you can't pay off the debt in full, you can offer a payment agreement to the collection company. If they accept, you will have to pay as agreed to avoid further collection action and/or garnishment.
Better to pay in full or settle a credit card debt?
In most cases, it is always better to pay the credit card off in full because the payoff is best for your credit rating. If you are able to settle the debt with an agreement that states that the credit card company will not send an adverse action transaction (e.g., chargeoff, workout, etc.) to the credit reporting bureaus, then you are better off settling.
Can you provide a sample letter for a pay for delete agreement?
Here is a sample letter for a pay for delete agreement: Your Name Your Address City, State, Zip Code Date Debt Collection Agency Name Agency Address City, State, Zip Code Subject: Pay for Delete Agreement Request Dear Sir/Madam, I am writing to propose a pay for delete agreement regarding the debt listed on my credit report. The debt in question is Account Number for the amount of Debt Amount. I am willing to pay the full amount in exchange for the removal of this negative item from my credit report. This agreement is not an admission of liability for the debt but a mutually beneficial arrangement to resolve the issue. Upon receipt of the full payment, I kindly request that you promptly remove all negative information related to this debt from all credit reporting agencies. This will help improve my credit score and financial standing. Please confirm your acceptance of this proposal in writing so that we can proceed with the payment and deletion process. I appreciate your attention to this matter and look forward to resolving it amicably. Thank you for your cooperation. Sincerely, Your Name
Can I hire a cosigner to help me secure a loan or rental agreement?
Yes, you can hire a cosigner to help you secure a loan or rental agreement. A cosigner is someone who agrees to be responsible for the debt if you are unable to pay. This can help you qualify for a loan or rental agreement if you have a limited credit history or poor credit.
When does debt drop off your credit?
when you pay it.
How can one pay your credit card debt?
The best way a person can pay their credit card debt is by getting a job to earn money to pay off the debt. By being wise about how their money is spent, a person can begin to pay off the debt without creating more.
