Category «Credit rating»

My experience is to fight everything

It is possible to ignore your creditors for 7yrs..I’ve done it and much has been dropped off of my credit report. Actually lots. But I made a mistake to fight one and the credit was sold to a collection agency…Yes, he is correct…(I have a good friend who is a collector for a well respected agency) he said the same thing. If you make any size payment…even if it is $5, if you settle the clock re-ticks.

He actually told me that its a trick of the industry…

So you are saying don’t pay the collectors and let it fall off? Also I have some things on my crdeit report that should have been taken/fallen off a long time age. What can I do to get them off?

My experience is to fight everything on the report that you think should be released. I have also had a lot of luck with that. Many times debt has been discharged and still shows past the 7yrs, creditors don’t report back to the credit bureaus, creditors maintain faulty records and/or there are laws about how often a creditor should contact you, via mail, phone, etc before the debt is considered a collection item.

There are sooooooooooo many ways. Although my own credit is not perfect..I have foundt these things to work for me. But, I would not tell you to do anything. You have to know your situation. Everyone’s situation is very different. I had no problems with it. You can’t get collect on something that is not there. Judgement or not..

7 year theory

I have a question.

I know that after 7 years things on your credit fall off, but does the 7 year time period start over with each new collection agency that the account is sold to?I have a debt with Discover originally that has been transferred for the 4th time to a new collection agency.

I understand the process of buying debts but on my end,do I have to being another 7 years with this new creditor?