ANSWER: Settling on card card debt should be the last option to take. Unless you write a "Restrictive Endorsement" "By cashing this check Payee agrees to accept this check in full payment of the account as agreed and agrees to remove all derogatory information from Remitter's Credit Reports" on the front of your check, as proof on your bank statement, you will receive a derogatory item on your credit report. Your credit report will state you settled in an amount of less than full. ANSWER: {| |- | In any debt settlement program you are made to default on your repayment for a certain time and then your debt amount is negotiated with your creditor which does show in your credit report. You can rebuild your credit later once you are debt free. Freedom Debt Relief has a good plan called 'debt reduction' which can help you in reducing your debt levels and become debt free in the earliest possible time. They even give help you with credit repair once you are done with the program. |}
Yes a judgement can be reported to more than one credit bureau and is usually reported to the three major credit bureaus (equifax, tranunion & experian)
It is recommended that you pay an old debt through the original creditor. Credit settlement companies are out to make a profit and they will negotiate terms that are not true. Also, it is possible that you can pay the settlement company but still owe the original creditor. It has happened to me. The negative information reported by the credit card settlement company will affect your score negatively.
The way it is reported is the decision of the credit reporting bureau. It might be listed in different ways on individual reports. Generally it will remain on the report as a " settlement",not as a "satisfied in full."
Yes, if there is a legal contract saying that the money is owed it can be reported to the credit bureau. It is up to them to determine if it falls under American Law.
If what you are referring to "is there a particular credit bureau that provides the middle credit score", then that answer would be no. Your middle credit score is just that; the score that is in the middle. It could be reported by Equifax, TransUnion or Experian. There is no one bureau that is a middle score bureau. I hope that helps.
Yes a judgement can be reported to more than one credit bureau and is usually reported to the three major credit bureaus (equifax, tranunion & experian)
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It is recommended that you pay an old debt through the original creditor. Credit settlement companies are out to make a profit and they will negotiate terms that are not true. Also, it is possible that you can pay the settlement company but still owe the original creditor. It has happened to me. The negative information reported by the credit card settlement company will affect your score negatively.
The way it is reported is the decision of the credit reporting bureau. It might be listed in different ways on individual reports. Generally it will remain on the report as a " settlement",not as a "satisfied in full."
Yes, if there is a legal contract saying that the money is owed it can be reported to the credit bureau. It is up to them to determine if it falls under American Law.
This answer depends on the procedures of the courts in your state. Generally, a judgment will be reported on your credit rating a will be a negative mark against. Instead, you can have a stipulation for settlement that keeps the case open and then the case is dismissed when the settlement has been fully paid.
If they reported your account to the credit bureau, your score will decrease whether you paid it or not.
speak to either the CCCS or Citizens advice bureau
unpaid collection on medical bills can possibly be reported on bureau, but payment history is not reported.
If a car is sold after repossession does the law states that it must be reported to the credit bureau as zero balance?
The very minute it's late theoretically it could be reported.
If what you are referring to "is there a particular credit bureau that provides the middle credit score", then that answer would be no. Your middle credit score is just that; the score that is in the middle. It could be reported by Equifax, TransUnion or Experian. There is no one bureau that is a middle score bureau. I hope that helps.