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tardibuddy

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credit in collections
should I go with a credit debt relief program, try to pay it off at a reduced rate, or leave it in collections,,to build credit

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Man you need to do your homework and find out what you can have deleted from your file and then go from there. The best thing to do is to first order a free copy of your credit report and make a list of all your negative items (collections, public records, inquiries) write a letter questioning the validity of the negative items (use the partial account numbers and names of the companies given) Give it 30 days for a resonse letter on what the credit bureaus find. If there is anything that still remains (CONTACT THE CREDITOR) and try to negotiate a pay for delete agreement, sometimes you have to ask to speak to the manager, legally they don't have to agree but it's worth a shot. If they agree make sure you get it in writing. The ones that don't agree try to negotiate a settlement offer. (Remember Collections agencies usually by your old debt from the original creditor for pennies on the dollar, most will reduce your debt to 75% of what you owe) Very old debts may be past your state's statutes of limitations look it up for more info..... Also with inquiries write the most nicest and polite letter you can possibly think of and simply say that you are trying to improve your score, would they be so kind as to remove the inquiry. (Make sure to tell them that this is not a dispute letter) Try these thing and you should be successful....

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credit in collections

A lot to go over as this is all  new to me but very helpful..thanks!!

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