2006-11-05 13:03:38 · 5 answers · asked by needanswers 1 in Business & Finance ➔ Credit
Yes, you can call the collection agencies and bargain with them at sometimes 30% or 40% or 50% depending on how old the debt is, then you can pay it off and ask them to remove it from your credit report.
2006-11-05 13:12:32 · answer #1 · answered by Maji 3 · 0⤊ 0⤋
Contact the collectors and see what they will let you out of the debt for. They are almost always will to settle for less to clear up the bill. Also ask them to removed the negitive report on your credit report as soon as possible. Good Luck
2006-11-05 21:10:46 · answer #2 · answered by stormyjoem 3 · 0⤊ 0⤋
call your creditors... ask if they would be willing to remove interest and late fees if you pay off the principal balance.... or ask if they are willing to accept payments from you... depending on how old your debt is, they may have already written it off as a loss, and anything you give them at that point would be pure profit
2006-11-05 21:12:10 · answer #3 · answered by Stephanie73 6 · 0⤊ 0⤋
Yes, you can. It will make your debts look more recent though since your new activity will be reported to the bureaus.
2006-11-05 21:50:15 · answer #4 · answered by Mariposa 7 · 0⤊ 0⤋
You can always offer a few cents on the dollar and negotiate from there.
2006-11-05 21:07:58 · answer #5 · answered by Mrs. Strain 5 · 0⤊ 0⤋