Quote:
Originally Posted by Anal Hobbit
Not true.
9 times out of 10 after you settle a debt, you get your credit report a few months later. Protest the blemishes on it and the bank doesnt report back becaue you are done with them.
Thus they remove it from your report.
Even Sex Toy King just said this. However, yes it is true what Sex Toy King said, that other credit card companies during this window can all see what is going on and it will affect your credit with them. They wont report you casue they cant, but they may decrease your credit limit, or increase your APR becasue you are a risk. they may even cancel you.
But who cares. If they do, use this tip on them too. Fuck em all.
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It is true what I said, I didn't mention anything about having to report the blemishes, I just stated they would be there. Your assumption is that they will just all come off with any reporting, doesn't always work that easy. Better yet Boneprone, why don't you tell us how much you recently settled for on your credit card debt?
Think of all of the people settling with the banks currently on short sale home sales. Even though the lender reports it as paid, it still shows the forgiven home loan as a blemish that isn't going to be wiped away.