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Old 03-05-2009, 06:35 AM
Location: Jersey Girl
142 posts, read 497,256 times
Reputation: 129


Originally Posted by monack View Post
it's something that you negotiate when you are working to try to pay off the cards. basically, when you close a credit card as opposed to paying one off, it shows up as a negative hit on your credit. However - if you are on time, believe it or not, the credit card companies are less willing to talk to you... makes very little sense, but ...
So then would it be better (and it is possible) then to negotiate a # to pay off the credit card, but then leave the card open....instead of having it CLOSED? So then it won't show up as a negative?

Hmn....see, we are always on time and never behind, etc. so I guess I can see they would be "less willing" to talk to us as opposed to us being behind in our payments and having collections after us, etc.

Thanks monack...I'm learning alot. Appreciate it.
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Old 03-05-2009, 06:37 AM
Location: Jersey Girl
142 posts, read 497,256 times
Reputation: 129
Originally Posted by awd250 View Post
you work out a deal with the collections, and agree to pay X amount only if they delete the collections from your credit report. that collections report stays on your credit report for 7 years
See, that's the "problem".....it has never gone as far as collections. We are never late and always pay more than the minimum. So then I don't think we would negotiate with collections then. ?? OUr credit is still great...having no collections report scars on it. Just wanted to see if they would negotiate on a number for us to just pay it off in full.....
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