Posts Tagged ‘ settled ’

Delinquent account will still remain on report once settled

Dear Experian, I recently paid a settlement on a delinquent account. I have the release letters and was told I can send them in directly in order to have the information removed from my credit report. Can you tell me how to do this? - KJF

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Using your credit report to compile a complete list of your creditors and debts

Dear Experian, How do I find out what I really owe and if any creditor will settle for less if I can pay off the balance? Can I get a list of all my creditors from you? - CYD

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“Short sales” usually deleted 7 years from the mortgage’s first late payment

Dear Experian, How long is a short sale on your credit report? We did a short sale in December 2010, and it is still on our credit report. - SPG

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Missing payments will worsen impact of mortgage short sale

Dear Experian, How will it affect my credit score if I short sell my house without missing any mortgage payments versus missing payments prior to the sale? - BSB

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Impact of a short sale when your mortgage is not delinquent

Dear Experian, With the declining value of property, sellers are caught in the position of having to short sale on properties for which the sellers are not delinquent. How does a short sale in which a person has never been delinquent report? - OVE

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Settling accounts will hurt credit scores

Dear Experian, I have an unsecured loan of $10,000 and the loan company has offered me a settlement of $5,000. It I take this settlement, will it affect my credit score? - TPF

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Settled account status more important than who closed the account

Dear Experian, How bad does it affect your credit when a creditor reports an account closed by consumer and settled for less then the balance owed? - NIC

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The impact of paying a collection account on credit scores

Dear Experian, Does settling a debt that is showing negative on my credit report as a "collection", get removed from my report as soon as it is paid? Does paying this debt help raise my credit score? - ONY

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“Paid in full” charged off account is better than “settled for less than owed”

Dear Experian, If you have a charged off account, is it better for it to show "paid in full" or "settled for less?” - JMN

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Intentional late payments for debt settlement will damage credit scores

Dear Experian, I am considering signing up with a debt settlement company. They told me that in order for them to negotiate the best deal with my creditors I must refrain from paying my bills for more than 90 days. Won’t this negatively affect my scores? - TND

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Settled or charged off accounts in your credit report are “potentially negative”

Dear Experian, If an account is paid off/closed, settled, or charged off, why would it still be showing as potentially negative? Is there any way to get these removed so they no longer affect me negatively? - JNG

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Collection account added after declining settlement offer

Dear Experian, A debt collector contacted me about a debt that isn't on my credit report. If I don't pay him the settlement offer he proposed, can he then add the account to my report? - RBL

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“Foreclosure” worse than “paid for less than full balance” but not much

Dear Experian, Which has a more negative effect on my credit score, "Account Paid In Full For Less Than the Full Balance" or "Foreclosure"? - ZPT

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How a settled judgment appears in a credit report

Dear Experian, I settled a judgment with a creditor. Is it still showing as judgment, or is reported as settled? - KDH

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The meaning of “satisfied” and its affect on credit scores

Dear Experian, What does satisfied mean on your credit report and does it help your credit rating? - PST

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Paying off credit cards likely will save money in the long term

Dear Experian, I came into a lump sum of money and want to pay off my credit cards. I was thinking about negotiating down the two higher balances until I heard that it can actually hurt your credit score. Is that correct? Should I just pay the full amount rather than negotiating a lower amount to pay? - CKL

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