Credit Repair Questions & Answers

zidag123 asked:


I need to settle my credit card debt. Is it better to wait to negotiate with the collection agency or before it goes to the collection agency or at another point?

Thanks in advance.

Credit Card Debt Settlement – Simple Way to Handle the Settlement of Credit Card Debt

The very important information you are about to receive will help you understand credit card debt settlement and how to go about it effectively and safely. It will help you avoid making mistakes. You would get things right and be debt free.

A major nightmare many people suffer from is the issue of credit card debt. Carrying out a successful card debt settlement is a great relieve to such people. It takes away all the stress of the debt hanging over your head. It gives you a new lease of life. It brings you a better life since you can now worry less about your credit debts. Just imagine being free from all those nagging phone calls and mails from the company you owe. All this would become a thing of the past quickly. You will be free from the debt tension. This is the reason why it’s so important that you carry out a debt settlement.

Now, there are two ways to approach credit card debt settlement:

1.) You can basically go for a card debt settlement on your own or,
2.) You could simply get the necessary advice you require from a credit counseling firm or professional

Both ways are fine if they work for you. The important thing here is getting you out of debt effectively and fast. If you decide to go for debt settlement on your own, then you will need to scrutinize the various options available to you. These include things like checking on the various balance transfer (consolidation) offers available out there. It also includes finding out what short term loan offers the banks have available for people in your situation.

However, if you choose the option of allowing a debt settlement professional or company do the work for you (which I prefer and highly recommend), then you need to check out their credentials or see if they come highly recommended by past users of their services.

Nowadays, it’s quite common to see tons and tons of people advertising their services as debt settlement experts. Some claim to be able to fix things in one day, and yet they lack valid recommendations.
This has made it so difficult to know who to really trust and who to ask for help without putting yourself at more risk. Many of these advisors and companies are not genuine. They lack the expertise required to get the job done.

One of the things you really need to understand is that debt settlement isn’t something which happens overnight. Please beware of such agencies which promise heaven and earth without the right credentials. The sad part in all of this is the damage this does to the really wonderful debt settlement companies out there. There are lots of highly professional and good advisors/companies to approach when trying to go for debt settlement.

These people will help you throughout the process until you truly get out of your debt problem. The effective advice they would offer you would more than compensate for any fees they charge you from their services. Some won’t even charge you until you start seeing positive results. Inform them about the true profile of your current debt and you will get the help you need. It’s very important you choose the right people because this will affect your future.

When you have received the help you need, it’s very vital that you try to avoid getting in the debt situation again. A good credit card debt settlement advisor would show you how to avoid falling into this trap again. Get one now.

Want to know where you can find out the top information on credit card debt settlement? Others are successfully using this information to quickly get out of debt. Read this respected review and get your debt problem eliminated. Chris L. Taylor is an Independent Reviewer. Read his reviews of the top settlement of credit card debt services.

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cooldog asked:


I am unemployed still and going to court over a wells fargo credit card debt of over $4000.00. can they lock me up?
BIG QUESTION #2 WHAT ABOUT COURT FEES+COSTS?
I really need some real answers. Thanks in advance.

alizarinlily asked:


I have a bunch of negatives on my credit report and I am in a position where I can pay back my debts. I want to pay back the original lenders not only to assuage my guilt, but also to make a deal to delete my negative info. If I pay back lenders in full, what happens to the collection agencies that are on my report that “bought” the debt? Do I inform the credit agencies to investigate? Do I ask the lender to help? (Why would they want to?) Does it just go away? I’ve searched everywhere online and at the library and I can’t find the answer. Thanks in advance for your advice!!

Chivas… asked:


I totaled my car, which the insurance paid most of but since I didn’t have GAP insurance, I ended up paying about $800. What I want to know, is if the contract was for five years and the car is now paid off in 2yrs, will my credit score go up significantly? Most importantly, how long does it take to reflect on your credit score? Thanks in advance.

Tail Stinger asked:


Despite the advertising that says you get a FREE credit report, they still want money. Does anyone know how a person can get their free credit report & not have to pay something? Don’t these companies know about false advertising? Thanks in advance y’all!