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Natalie Padilla
"Your trusted agent"
- 3 Answers
Natalie Padilla answered:
Hi Joseph
I assumed you pulled a credit report. If so, dispute any account that should not be there, to the three major credit bureaus. (Experian/TransUnion/Equifax) Then call the collection's companies on the report.
*Note there name’s and phone’s numbers should be on the negative account. If not, call the credit bureau.
When you call the collection agencies, Say... "You would like to work on improving your credit”. Most collection agencies may offer to settle the debt. If so, do not make a payment over the phone, when they ask you too.
Say... "You would like for them to send you a settlement letter/bill before you make a payment".
(Make copy’s for your record)
Try to pay off as much as you can to improve your Fico score. If you are not paying your bill on time, start now. This will also help.
*note negative account’s can stay on your credit report for up to 7 yrs and bankruptcy 10yrs.
It would be in your best interest to work on your credit score before applying for a mortgage.
“BETTER SCORE, BETTER MORTGAGE RATE".
**Disclosure for any major financial decision, contact an accountant. I am not an accountant. This is only some strategies that have worked for many of my client.
Best of luck to you and your wife;
Please do not hesitate to contact me if you have any additional questions.
Natalie Padilla
Licensed Real Estate Agent
Npadilla.prealty@yahoo.com
I assumed you pulled a credit report. If so, dispute any account that should not be there, to the three major credit bureaus. (Experian/TransUnion/Equifax) Then call the collection's companies on the report.
*Note there name’s and phone’s numbers should be on the negative account. If not, call the credit bureau.
When you call the collection agencies, Say... "You would like to work on improving your credit”. Most collection agencies may offer to settle the debt. If so, do not make a payment over the phone, when they ask you too.
Say... "You would like for them to send you a settlement letter/bill before you make a payment".
(Make copy’s for your record)
Try to pay off as much as you can to improve your Fico score. If you are not paying your bill on time, start now. This will also help.
*note negative account’s can stay on your credit report for up to 7 yrs and bankruptcy 10yrs.
It would be in your best interest to work on your credit score before applying for a mortgage.
“BETTER SCORE, BETTER MORTGAGE RATE".
**Disclosure for any major financial decision, contact an accountant. I am not an accountant. This is only some strategies that have worked for many of my client.
Best of luck to you and your wife;
Please do not hesitate to contact me if you have any additional questions.
Natalie Padilla
Licensed Real Estate Agent
Npadilla.prealty@yahoo.com
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