Comments on: Ask Credit Repair Questions Here: http://www.directbanc.com/about/archives/249 Credit Information Services - Simple, Safe, Comprehensive Thu, 08 Jan 2009 00:47:04 +0000 http://wordpress.org/?v=2.6.3 By: Delilah thomas http://www.directbanc.com/about/archives/249#comment-401 Delilah thomas Wed, 07 Jan 2009 21:29:36 +0000 http://www.directbanc.com/about/?p=249#comment-401 ok I have an account dated since 1994 and it still says it is revolving. How do i repair this and get this account off ok I have an account dated since 1994 and it still says it is revolving. How do i repair this and get this account off

]]> By: norv sheppard http://www.directbanc.com/about/archives/249#comment-361 norv sheppard Fri, 19 Dec 2008 15:10:23 +0000 http://www.directbanc.com/about/?p=249#comment-361 I have some old judgements i am going to start trying to have removed [4-5 years ago] and if i am successful in removing them off my credit report will they come off my wife's as well or do i need to submit letters on her behalf as too? I have some old judgements i am going to start trying to have removed [4-5 years ago] and if i am successful in removing them off my credit report will they come off my wife’s as well or do i need to submit letters on her behalf as too?

]]> By: Aubrey Clark http://www.directbanc.com/about/archives/249#comment-70 Aubrey Clark Tue, 26 Aug 2008 16:41:08 +0000 http://www.directbanc.com/about/?p=249#comment-70 Seven years is the statute of limitations (SOL) that collections or a poor pay history must be removed, with the exception of bankruptcies, judgments and state and federal tax liens. These can be found in the "Public Records" section of your credit bureau. However, when paying off debts to the collection agencies you can try to negotiate that they give you a letter stating "this debt was reported in error" in lieu of you paying the full amount. ANY OTHER LETTER WILL NOT WORK. The letter from them must state that they reported the remark in error, then you can have the collection removed immediately and your score will go up overnight. Most collection agencies are unable or unwilling to do this. However the agents are on commission, I have negotiated a low pay-off and then asked them for the letter in lieu for paying more on the debt. Seven years is the statute of limitations (SOL) that collections or a poor pay history must be removed, with the exception of bankruptcies, judgments and state and federal tax liens. These can be found in the “Public Records” section of your credit bureau.

However, when paying off debts to the collection agencies you can try to negotiate that they give you a letter stating “this debt was reported in error” in lieu of you paying the full amount.

ANY OTHER LETTER WILL NOT WORK. The letter from them must state that they reported the remark in error, then you can have the collection removed immediately and your score will go up overnight.

Most collection agencies are unable or unwilling to do this. However the agents are on commission, I have negotiated a low pay-off and then asked them for the letter in lieu for paying more on the debt.

]]> By: ronkuchel http://www.directbanc.com/about/archives/249#comment-69 ronkuchel Tue, 26 Aug 2008 00:31:53 +0000 http://www.directbanc.com/about/?p=249#comment-69 How long does bad credit history stay on your credit report,if disputed i understand 7 years or older information must be removed is this correct? How long does bad credit history stay on your credit report,if disputed i understand 7 years or older information must be removed is this correct?

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