Hello, This site was recommended by a friend who finally has a job and used your advice to negotiate with Citibank. There are three bad marks on my account. 1. I have a macy's for $500 that will come of my report in 1/03. 2. MBNA for 2,900 that was sent to collection law firm about 6 months ago. I paid $300 to the collection agency but this has not help my scores. The lawyer will accept $2000 and settle or clear all marks from my credit history if I pay him the full amount. 3. Citibank for $800, their willing to settle at 75% but I was told that this will not increase my score. I can take out a loan for $3000 -4000. Who should I pay first in order to increase my score soon so that I may get an apartment. The rental office needs atleast a 650. Please help. Fico 589 Ex 576 TU 565
By all means, pay MBNA. Before you do, make sure you get them to put in writing that they will delete all entries once paid. Leave Macys alone.
I would say which one is going to Delete the entire neg. tradeline would be the first to go. If not... then paying it to zero really wouldn't help your score I don't think. Also.. they are older and I'm not sure if that will help you much. I know I'm not much help. Maybe someone else can help out.
I can't guarantee that following my suggestion will get you to 650 but it should get you real close. I'm curious as to why such low scores if they are the only 3 derogs. Do you have any positives?
Yes, 2 cards (Capital one and another department store) in addition, this is my first job, and I just caught up with student loans.
pay MBNA or the lawfirm? the lawyers keeps calling and when I called MBNA I was told that the case had been sold off to the lawfirm and to contact them.
TMitchel...I have only ONE derog on my Experian report and my score is only a 617 Must be one doosie of a derog, huh? LOL I definately agree with everyone else...the one who deletes gets the money. L
it says on the TU report first line: Colection America Placed for collection on 2/2002. fourth line: MBNA America Account closed by consumer...status as of 6/01: charged off as bad debt?
Wow, I've got a 4 year old BK and a few charge-off student loans and my score is 623. Real FICO, I just found out, is 632. Go figure.
