Ok….I had a Merrick Credit card several years ago. I completely forgot about it, well it popped up on my credit reports as a collection. The account is still under Merrick Bank and not a collection account. Should I attempt to reinsatate the account (if they will do that) and make payments? What are my options? I would like to not have it listed as a collection on my CR’s.Â
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Wanted advice before I attempted to call Merrick.
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Thanks….
I had an auto repossession from Capital One with a reported $12,735 deficiency balance. Â I’d like to work something out with them, but after reading about the SOL and waking these guys up, I want to get some advice before I take any action.
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The DOFD was 06/2008, and from what I’m reading that’s when the California 4 year SOL clock starts.  Is that accurate?  Also, I don’t exactly have the 13K laying around so I wouldn’t be able to PIF and would have to set up some sort of monthly payment arrangement.  Anyone have any experience with Capital One’s willingness to do this for a balance that high?
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Would it be best to completely leave this alone and see I can hold out until the SOL? Â It’s no fun having that potential lawsuit hanging over my head, and I’d like to hear any suggestions.
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Thanks in advance!
I decided to pay the 6 accounts on my credit report. I decided to pay in full, and for the ones I can pay for deletion would be great. Two accounts will be deleted when I pay, the other four I having negociated yet. Any advice before I do this? I read the good and the negative, but it seems like in the long run if I can get them removed that great for my report, but even if I pay in full it is better than a settlement. I am just waiting for my federal refund to do this.
Hello everyone, I had a question and wanted some advice before I made a decision. I received a letter in the mail today from my credit card company. They are offerning a settlement of a 45% break. I have been working on my credit since October and I have four new accounts that need attention. Everything else will be dropping off by 2012 so I’ll wait it out. My question is should I settle with this company and then send a GW letter or should I still send a PFD for the full amount. I really want to take care of this because I saw a small drop in my TransUnion score and believe this is the reason. Can anyone give me any advice please???????