I had a year two years ago when work just stopped and I got out of control with debt. I just got done on the phone with all those people that have been calling trying to get money out of nothing for along time. I saved this past year and took and paid settlements to all that would accept which almost everyone took a 50% settlement. I have two Cap1 cards and an ARIA that I don't know how I got. I am going to cancel it. Was that the right thing to do since some of which is charged off and is 50% to much or not enough and what is the next step?
Did you negotiate permanent deletion in exchange for payment or did you just agree to pay 50%? If you didn't make a deal for deletion, I would wait a month or so and then start disputing the items. Sometimes you get lucky and they will not respond to the dispute if they have already received their payment. I guess it depends on the company. Is this what you wanted to know? What cards do you currently have? When I started to clean up my reports my goal was to cut the negatives in half and increase the positives marks by 2. In less than six months I have gone way beyond cutting in half. I originally had 23 negative items and right now I have 6. Thats all three reports combined. But a lot of my negatives were student loans and only one item was unpaid and I made a deal with them to pay in full in exchange for deletion. It was only $98 so it wasn't a big deal. I hope this gives you some ideas.
