Quote:
Originally Posted by clickyclick
No man it doesn't show charge off in cc history. You probably need to read what's on the site too. You paid the cc company with a moneyorder as Suze say not to give your bank check. On that money order write something like "paid in full - all charge clear if this money order is cashed".
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Yeah, but the debt would need to go into collections; hence it would have to go into a delinquent status with the original creditor first... thus reporting at 90+ days past due, if not "charge off" on your credit history. it would probably say "Paid" but you are still looking at a charge off/derogatory trade line - not worth it!
Collection agencies, for the most part, are easy to get rid of, but getting the original creditor to be gone is difficult for most (if CC is < 3 years old).
With the note on the money order, that is not legal. You can not denote a contract on a cashiers check or money order like that, it would never hold up in court. it would be the same as me writing "you have to wash my car for 5 years" on a $5 bill that you cash in at WalMart.
Im not saying you are 100% wrong, and yes there are ways around things. I got into the legality of credit debt and collections a few years ago with a friend, but chose to take a different path since that is one tough and stressful market.
Here is an easier plan, and you can walk away paying $0 for $100k in debt! just stop paying everything and walk away. change your phone number(s) and move and do not forward your address. do not apply for credit cards or a new job, cell phone or insurance for 7 years... 7 years later, you are 100% debt free and perfect credit
