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Re: Why Chat -- Please Help!


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Posted by LadynRed (199.91.33.254) on January 22, 2003 at 12:01:48:

In Reply to: Why Chat -- Please Help! posted by Betty on January 22, 2003 at 11:25:05:

IF your last payment was May 2002, then the account has been charged-off and paying the 'minimum' they are demanding will NOT remove that entry from your credit report. I'd be willing to bet your account shows as a charge-off with lots of 'lates'.

You can certainly pay the minimum, but it won't help much. You can offer a settlement, but do so in writing only via certified mail and get a signed agreement as to the terms, the amount, and the entry on your credit report. You want to go for 'paid as agreed' or 'paid', anything else is a negative mark.

As for your husband being denied credit - was this a joint account ? Or was he an authorized user on yours ? If he was an AU, try to get his name off NOW, then he can dispute the entry on his credit report with the credit burueas. If he was only an AU, he is in no way liable for the debt.


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