This gives you the opportunity to make sure potential
creditors see that information.
This gives you the opportunity to make sure potential
creditors see that information.
Not exact matches
Remember that
creditors who use the
information in your credit report to evaluate your credit applications can
see your credit report.
This means that 100 % of the money you pay to your
creditors each month goes towards paying off your debt (
see do all debt management companies charge fees for more
information about industry fees).
We have
seen a lot of people get this
information removed from their credit report by contacting the
creditor who is reporting it, resolving the matter, and requesting at the same time that the
creditor remove the record of the debt from their credit report as part of the debt repayment arrangement.
By update personal
Information on your credit report,
creditors will
see that you are more stable and responsible person, helping you to obtain faster loan for your credit request.
With this
information you can work out accurately how much you can afford to pay and then present that to your
creditors to
see that they are happy to allow payments at a reduced rate if necessary.
Imagine that after only
seeing a credit report and some preliminary
information the
creditors make what you might consider a high debt settlement offer such as 75 cents on the dollar.
I actually called the
creditor after I
saw this on my report and they said they had no
information on the account and suggested I dispute it with credit bureaus which i did.
It's true that if you can show that some
information is inaccurate you can force the
creditor to change the
information, but as long as the
information is correct,
creditors can report it as they
see fit.
A behavior score is calculated for, and only
seen by, one particular
creditor using their own
information to fine - tune the ongoing management of that account for marketing and risk purposes.
If a debt is greater than the limit but the
creditor will accept an amount equal to or less than the limit as full payment, the
creditor can still go to Small Claims Court (for more
information on Small Claims Court,
see the PLEA publication Small Claims Court).
The agency is supposed to check with the
creditor to
see if the
information you challenged is correct.