Iâ??m about to shop for a mortgage. I need to boost my score up (right now they in a mid 600) I got 3 credit cards that still have balance on them All of them closed, have marks â??Managed by Credit Counselingâ? and have 120 late notations back to October 2002. Interest is the same. Iâ??m about to get $6000 as a bonus from my work so Iâ??m planning to pay off some of my balance. Discover Balance 4920 Limit 6300 Fleet 2057 Limit 2300 Chase 3149 Limit 4100 Iâ??m planning to pay off Fleet and Chase â?¦. Is that a right way of doing it ???? Please advice thanks
NEW MEMBERS READ THIS. http://consumers.creditnet.com/straighttalk/board/showthread.php?s=&postid=410243#post410243 ************************************************************ Iâ??m planning to pay off Fleet and Chase â?¦. Is that a right way of doing it ???? drumik ******************* You can't just throw money at the Negs. on your credit. All that accomplishes is it thins your wallet and you still have the bad marks on your credit reports.
You can't just throw money at the Negs. on your credit. All that accomplishes is it thins your wallet and you still have the bad marks on your credit reports. lbrown59 is right. I think your approach is good, knock off the smaller ones entirely. But, contact them and say that you'll pay them entirely off for deletion of the tradeline, so you don't take the negative hit anyway. They'll give you a ration that they can't do that, but that is not true. No fixing of the tradeline, no money. Be firm.
I can say for sure what a creditor can do with removals . I disputed a 30 days later with Target , hoping they would not have records of it . They sent me a nice letter saying they were removing the 30 days and would do so for all 3 CRA's . Checked my credit and they held up to thier word If they can delete it like that , anyone can . They even said they looked forward to doing business with me again . I closed the account after my wife screwed up and sent the pay late and then paid off the $700 owed in 3 months time . I guess it was easier for them to do as I had the account for over 3 years and it was the only 30 days late I ever had .
