i started out with about 6 credit cards. all department store credit cards, and one regular visa credit card. i have paid them all off except for 2 credit cards, and im still paying on my student loan. in the duration of these 6 credit cards, they all went to collection agencies, and i slowly paid them off, in which, im down to 2 now. Is there a way to combine my 2 credit cards so they will get paid off, and by combining them, i can just pay that as a together amount since these minimum payments to them are killing my paycheck. i know theres balance transfers and debt consolidation. i wouldnt mind balance transfers to a different credit card, i just will not do the debt consolidation route. is there anything i can do to combine these 2 cards? even though i paid most of them off, is this hurting my credit since they were in collections then brought to current then paid off?
I have about 10,000 dollars in debt and most of that has already been sent to collections or been charged off. Can I still sign up with a debt consolidation to help improve my credit even though the debts have already been sold to collection agencies and charged off? Thanks
So when someone checks their credit report, if they have an account in collections will it show up on all three reports? Thanks.
I know that an old account will be deleted from your credit report 7 years from "last activity". But what is "last activity"? Last payment? Last purchase on the credit card? Last contact with the company? Do the 3 credit bureaus have different definitions? Or do companies and collections have different definitions?
I have paid collections accounts on my credit reports I know there is a way to remove them or dispute them without having to wait 7 years. Does anybody know how? or where could i get sample letters?
