Is it possible to have collection accounts erased from your credit report?
I want to pay off several credit card collections accounts. I want to handle them myself and not utilize a debt consolidation program because I’ve heard that a “settle” on your credit report still looks bad. How would I go about paying the accounts off AND having them removed? Also, do I have to pay the accounts in full to have the collections removed or can I just pay a high percentage of what is due. ( like 80% )
If the collection agency is willing to remove the collection from your account, will it look like I don’t have credit at all? I have one credit card that I am keeping open, but the others are closed already.
Any ideas anyone? I plan on being debt free by January. 🙂
I don’t want the accounts removed. I want them to erased the negative account info.
I don’t want the accounts REMOVED. I want to STATUS TO BE CHANGED.
My friend had it done, but i want to know if it is common for a collection agency to do so.