Improve Credit Rating Settle Credit Card Debt

by Mel
(Denver, Colorado, U.S.)

Regarding Improve Credit Rating And Settle Credit Card Debt: Hi Kate, how can I improve my credit rating? I'm attempting to settle an old debt with a credit card company in return for expunging their record from my credit report. I've offered the whole amount of debt, in a lump sum, but have yet to hear back from them. Otherwise, the other entries in my credit report are in good standing.

Would providing a copy of the certified letter to the credit card company improve my chances of being approved?

Kate Answers: Improve Credit Rating And Settle Credit Card Debt

Dear Mel, While there is no magic wand to wave across credit problems, the fact that you can pay a debt is full is a great advantage.

When corresponding with a credit card company, always get a response in writing.

Here is a thought. Are you sure your debt is still with the original credit card company? Perhaps they have not responded because your debt was turned over to a collection agency or sold to another credit card company.

So keep an eye on your credit. You'll be glad you did! Check back often for more tips to improve your credit rating.

Best Wishes,

How To Build, Strengthen and Recover YOUR Credit

"Can I do a Mortgage Loan Modification myself?" The answer is yes. But find out the first question you really should be asking.

Quick Facts on Credit History and Credit Scoring - How To Contact Major Credit Reporting Agencies

Improve Credit Rating - Calculate how much you save with improved credit.

Six ways to fix your credit score. Have you seen your credit score? Your lender has and it can determine your interest rate. Get yours online in seconds. Do it now!

Last year, Wilson improved his credit. This year, he discovered protecting his identity involves credit report monitoring. Take control of your life by protecting your credit scores. Don't suffer the consequences of another person's behavior.

Ten step plan to getting your credit in shape - Fixing Bad Credit

Refinancing With Bad Credit - How to avoid a future filled with credit problems

Saving your home - 8 Strategies To Stop Mortgage Foreclosure

Ask Kate About Credit - Ask a question to get an answer from Kate.

Credit Rating Q and A - Find questions and answers relating to credit improvement, true life stories about mortgage credit, and credit repair information.

PS What if you could turn YOUR dreams into reality? Now you can. This is MY story of dreams coming true.

Return from Improve Credit Rating Settle Credit Card Debt to Get Your Best Mortgage Rate

The information you obtain at this site is not, nor is it intended to be, a substitute for financial, real estate or legal advice. You should consult an attorney, accountant, lender or real estate agent, as applicable, for advice regarding your individual situation. Comments and opinions found here are not necessarily those of Get-Your-Best-Mortgage-Rate.com