I am wanting to pay off an old debt on my husband's credit report. We were unable to continue paying on it due to severe financial hardship. We are now more financially stable, and wanting to buy a house. I used to work as a bill collector, but I don't remember all the specifics. On the credit report, there is an "original balance" and a "past due" balance. I am aware that fees were charged, but I've been recently told that they may be bogus. The account was charged off, also. I want to offer the company a settlement of 30% of the original balance, which is about $530. What I'm wanting in return is for them to report it as "paid". I'm not going to tell them that I'm buying a house, because I'm sure they won't agree to the settlement if they think I really need this off the credit report. So what do you think? Should I go ahead and call and offer this settlement?
2007-05-31
08:53:17
·
3 answers
·
asked by
MomOfThreeBoys
3
in
Business & Finance
➔ Credit
I realize that it will still say that it was delinquent, etc. But it will also say that we went back and paid on it. That is what my mortgage company wants to be able to show the underwriter! :)
2007-05-31
09:52:32 ·
update #1