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Author Topic: Re-building Credit?  (Read 9831 times)

Offline creditbreakthrough

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Re:Re-building Credit?
« Reply #15 on: February 15, 2006, 12:09:40 pm »
That's a great balance!

Now, on to the issue with the old credit card chargeoff.

What state do you live in?  The debt may be past the Statute of Limitations for your state (it's 5 years in KY), and they CAN NOT make ANY collection attempts, including putting anything on your credit report.

If it is past the SOL, you can most likely get it removed completely from the credit report.

Offline Lithix

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Re:Re-building Credit?
« Reply #16 on: February 15, 2006, 12:11:58 pm »
I'm in AZ, but the account was from when I lived in Missouri.

Offline creditbreakthrough

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Re:Re-building Credit?
« Reply #17 on: February 15, 2006, 12:49:14 pm »
The SOL for Missouri is 5 years  ;D

So you need to send a cease and desist letter to the collection agency stating the debt is past the SOL and is therefore not collectible.  They have to stop all efforts, including reporting to the credit bureaus.

Offline amusedtwinkle

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Re:Re-building Credit?
« Reply #18 on: February 17, 2006, 09:02:11 pm »
My 2 Cents...on the card that is 6+ yr old that should be off your credit or going off shortly, if you pay it off now it will become active again and do MAJOR damage to your credit....sweat it out for a little longer....send the letter as was previously mentioned....but DON"T PAY OR MAKE ARRANGEMENTS TO PAY!!!
Please feel free to contact me. Thank You
Joleen Larsen
Bridge Capital
661 940-3070
[email protected]

Offline Rich_in_CT

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Re:Re-building Credit?
« Reply #19 on: February 18, 2006, 12:12:59 pm »
Try your question on this site, there are a ton of people that have great ideas for removing negatives on credit reports:  http://creditboards.com/forums

Offline Promise Land

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Re:Re-building Credit?
« Reply #20 on: February 20, 2006, 10:55:55 pm »
If you would like free literature on building a better credit... please send me an email.  

Thanks,
Sean Pham
Main Place Mortgage, Inc.

Offline Hollyberries

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Re:Re-building Credit?
« Reply #21 on: March 13, 2006, 09:09:19 am »
Please check out this website www.LifeAfterBankruptcy.com. Even if you do not have a bankruptcy, the information on the website on how to improve your credit scores is invaluable. Good luck!

 




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