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Nyconz421

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Remarks on Credit Report
I have remarks on certain loans like "transfer" and "closed for inactivity". Is this a neg factor on my credit? If so, is there a way I can remove it?

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Remarks do not impact your score. Many remarks are neutral and just a facutal reporting of your account details: closed due to inactivity and transfer are two such examples. Accounts that were closed due to inactivity are no better or worse for your score than an account closed at your request - the impact on your score is the same. 

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Yes, it explains to the next potential lender that you are trouble. Try to negotiate a pay for delete agreement. This is when you agree to pay the collections in full in return for them removing the item from your credit file permenantly. Make sure you get the agreement in writing if they agree to your terms. Its a 50/50 chance that they will agree.

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