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 0. 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?
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!

Technorati Tags: bill collector, buying a house, credit report, financial hardship, mortgage company, specifics, underwriter

Carried x amount in debt. Amex offered to settle the bill for about 65% percent of the balance payable in one lump sum within 30 days. They told me it will affect my credit score somehow but wouldn’t get into specifics. I want to know what happens to my credit score if I do this.

Technorati Tags: amex, credit score, lump sum, specifics

Specifics welcomed. Thank you.Whoops,can you include State or
Federal taxes owed in your bankruptcy?

Technorati Tags: bankruptcy, federal taxes, specifics

I ran out of cash meeting uninsured broken arm surgury, then started using credit cards. Did the low rate transfers and all that stuff. Now back to work, but could not make payments last few months. Hounded by their phone calls all the time. Have not answered their calls. But I am now working again and can start making payments. I am ready to contact the credit card companys. Before I do, I would welcome any advise (or benefactors, Ha,Ha). Totally, by rough calculations I owe about ,000.
As an after thought, I am aware there were changes in the bankruptcy laws but do not know the specifics. Is bankruptcy a good option. Basically I have zero assets, no real property.

In closing, who is a reputable debt consolidation company, is bankruptcy a viable alternative, or is their an an alternative I do not know of? Thank you for your advise.

P.S.
Spend for a non-slip pad for your bathtub. Money well spent !

Technorati Tags: assets, bankruptcy laws, bathtub, benefactors, broken arm, credit card companys, debt consolidation company, money, rough calculations, specifics, using credit cards