Debt consolidation for collection accounts?
Destiny B asked:
Can you seek consolidation if you only have collections in your history? Thats the only thing that’s hurting my credit. I don’t have any credit card debt or repo’s or anything like that. I have alot of payday loans that went into default and they’re on my credit. Also once you go into default with a loan company and then pay them off are you elgible to reloan with them? I’d also like to know how to obtain my chexsystems report.
Caffeinated Content
Can you seek consolidation if you only have collections in your history? Thats the only thing that’s hurting my credit. I don’t have any credit card debt or repo’s or anything like that. I have alot of payday loans that went into default and they’re on my credit. Also once you go into default with a loan company and then pay them off are you elgible to reloan with them? I’d also like to know how to obtain my chexsystems report.
Caffeinated Content
February 16th, 2009 at 7:10 pm
Create a video blog
A word of tip: before you pay off those collections, try to negotiate with them that they will take all mention of the problems off all the credit bureaus. IF SO, GET IT IN WRITING. They want the cash, they are negotiable.
I’ve had good results here…
Good Luck.