who do i contact to fix bad credit?

Question

I had a capital one credit card,but never paid it because i went to prison.How do i go about clearing my credit report?

Answer 1

More than likely, you will need to pay off the credit card. Since it is a legitimate debt to you, it will remain on your credit report until it is paid off.

Answer 2

You need to get in touch with Capital One and make arrangements to pay your debt. By now they most likely have sold it to a collection service and it shows on your credit as a collection.

Since you were in prison, there really was not a lot anyone could do because you had no income. Now that you are out and hopefully working, the collection company is going to come after you for the money.

Most times credit card companies will accept much less then is actually owed. As little as 50%. If you can reach an agreement and pay this off it will still show on your credit but it will show as "Settled for less than full amount".

Answer 3

mproving Bad Credit Report: If you have a bad credit record, investigate the reason for this report. If the reason is late or non-payments on your behalf, start making payments to the lender and clear off the debt. A late payment can work against you later on. If you are unable to pay due to shortage of funds, limit your spending. Another solution is to take more credit from reputed lenders who offer you flexible payment schedule. By paying off your huge debt in small amounts quickly, you can impress your prospective lenders. Then finish off the investigation of your credit report conducted by the bureau.

Negotiation of Credit Report: Credit bureaus can also make mistakes. They store the ratings of many people and are manned by humans who can make mistakes. They can enter wrong details about you, leading to erroneous credit report. Hence get a copy from the bureau contacted by the lender who refused you credit. Read the information thoroughly and note down any errors. If they try to malign you, complain to the bureau. It is bureau’s duty to look into the matter, report the facts and send the corrected details to the lenders who have turned down your request for credit.

Answer 4

Bad credit is one of the worst problems to have... however there exists a solution.

I will hereby talk from my personal experience.

I did debt consolidation a couple of years ago, however If I had to do it again I would pay to some minor details,
if someone wants to get out of debt today it is pretty easy with a debt consolidation plan, however it may get a bit tricky at times, I suggest you get as much information as possible online on this first,

a good place to start in my humble opinion is astraight to the point ebook with question and answer I found :

http://umgarticles.atspace.com/debt-consolidation.htm

if it helps kindly remember me in your voting!.. cheers!

Answer 5

Go to http://www.lexingtonlaw.com

They are #1 in credit report repair

Answer 6

get a hold of capitol one and PAY the dang thang!