Posts Tagged ‘ settled ’

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[ READ MORE ]

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[ READ MORE ]

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[ READ MORE ]

“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[ READ MORE ]

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[ READ MORE ]

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[ READ MORE ]