Anthony M asked:
I have 2 credit cards that I had charged off about 6-7 years ago . I settled with a collection agency, not the full amount but about 70% of both the credit cards. They are scheduled to be removed from my credit in 2010. Is there a way to speed this process up? Could I pay the remainder of these credit cards off beyond the settled amount to get these removed? Also what is the easiest way to get credit? I currently make 125k plus a year. I can only seem to get credit cards with like a $500 limit. I believe it’s because of these accounts. Please let me know what is the easiest way to get get whether it be a credit card or personal or etc.
EARL
I have 2 credit cards that I had charged off about 6-7 years ago . I settled with a collection agency, not the full amount but about 70% of both the credit cards. They are scheduled to be removed from my credit in 2010. Is there a way to speed this process up? Could I pay the remainder of these credit cards off beyond the settled amount to get these removed? Also what is the easiest way to get credit? I currently make 125k plus a year. I can only seem to get credit cards with like a $500 limit. I believe it’s because of these accounts. Please let me know what is the easiest way to get get whether it be a credit card or personal or etc.
EARL
#1 by Frosta Darlin on October 17, 2009 - 6:54 am
FREDERICK
I don’t believe there is a way to remove the settled charge. But you can rebuild your credit. Just make sure to pay all bills on time, if you have other credit cards, try to pay the full balance each month. By paying the full balance you will shoot your credit rating back up. The cards that allow you $500 will slowly raise your limit once they know you are at least paying minimum balance. The cards I have you can ask for a credit limit if you’ve made minimum payments for 12 months.
#2 by grob on October 19, 2009 - 1:58 pm
DANTE
Just dispute them with the credit bureaus. Paying extra is not gonna do you any good and would probably do more harm, you’d re-age them and they’d stay on longer.
No bank is gonna give you a lot of credit in this environment. Just be sure to pay off the credit cards you do have now in full every month.
I’d start the dispute by saying they are not yours.
#3 by bulbox b on October 21, 2009 - 3:49 pm
FRANKIE
Ask lenders for agreement to delete this items from your credit report when paying them. I recommend to get such agreement thru credit repair agency, for example this one – buildcredit.ifastnet.com