Daymon N asked:
I have some old key Derogatory reports in my credit report. Is there any way to pay these off to increase my credit score? Someone told me if you pay them off, it will still show negative on your credit report. What is the best course of action? I have under $5,000 in negatives on my credit report, and now I have a good job paying good money.
Michele
I have some old key Derogatory reports in my credit report. Is there any way to pay these off to increase my credit score? Someone told me if you pay them off, it will still show negative on your credit report. What is the best course of action? I have under $5,000 in negatives on my credit report, and now I have a good job paying good money.
Michele
Ida
The best thing you can do is to contact each creditor individually and offer to settle. This will not make things come off of your credit report any sooner (each debt will be there until it is supposed to fall off, reagardless of payment), but it will show that it has been paid. While it may not help your score as much, it will show potential lenders that you made the effort to settle up your debts. If you think some of the debts have been listed on your report in error, you can contact the three credit reporting agencies to dispute the listings in writing. They are Equifax, Experian, and TransUnion. You should be able to find contact information for them on the net. Hope everything works out for you!
Also you can find some advice here…
Best regards.