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You are editing an old version: By Anonymous at 2015-02-19 12:49:20
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Make sure the bad stuff is at least closed. While its open with a baclnae its hurting your credit. After it is closed (charged off or not) then its just a negative that is there but not a major weight factor. When you mail off your dispute letters make sure they are sent with a signature required. This will make sure you know when to start the 30 day mark. For the most part the older stuff will be deleted cause either the credit bureau will not want to research it OR the creditor can not validate it.If you are paying off bad dept work out a settlement where you pay a percentage of the baclnae BUT you want them to either remove their mark on your credit report all together or at least the bad stuff.
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