Comments on: How can I improve my credit that I messed up with unpaid magazine subscriptions? http://www.mybestmagazines.com/magazine-subscriptions/how-can-i-improve-my-credit-that-i-messed-up-with-unpaid-magazine-subscriptions Tue, 07 Feb 2012 09:28:59 -0500 http://wordpress.org/?v=2.8.4 hourly 1 By: lost one http://www.mybestmagazines.com/magazine-subscriptions/how-can-i-improve-my-credit-that-i-messed-up-with-unpaid-magazine-subscriptions/comment-page-1#comment-1340 lost one Wed, 16 Dec 2009 13:57:59 +0000 http://www.mybestmagazines.com/magazine-subscriptions/how-can-i-improve-my-credit-that-i-messed-up-with-unpaid-magazine-subscriptions#comment-1340 You can improve it by paying off the debt if its not to late.<br><b>References : </b><br> You can improve it by paying off the debt if its not to late.
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]]> By: Studly http://www.mybestmagazines.com/magazine-subscriptions/how-can-i-improve-my-credit-that-i-messed-up-with-unpaid-magazine-subscriptions/comment-page-1#comment-1339 Studly Wed, 16 Dec 2009 13:52:59 +0000 http://www.mybestmagazines.com/magazine-subscriptions/how-can-i-improve-my-credit-that-i-messed-up-with-unpaid-magazine-subscriptions#comment-1339 The problem with simply paying off the debt does not remove the negative report from your credit history. They may show the debt paid, but it will still reflect late payments, or that it went to collections. If you choose to go this route, be sure to get IN WRITING a letter stating that they will remove this debt from your history BEFORE you pay a dime to them! Here is a better suggestion. Send the creditor a demand to VALIDATE your debt. That means they must send you copies of you contract, bills, receipts, and anything that can prove you have a legal obligation to pay this debt. If they do not respond back in 30 days, send a copy of this letter to the credit reporting agency, along with a demand to remove the entry due to lack of validation. They must remove the entry or risk a lawsuit for violation of the Fair Credit Reporting Act. Be sure to send all letters by certified mail, so you have proof they were sent and received. Otherwise you have no proof to show the judge if you go to court. Many of these magazine companies don't even keep your contracts on file, and it will be impossible for them to prove your debt. Rather then spend a lot of manpower searching for these records, they will simply opt to remove the listing.<br><b>References : </b><br>http://www.comresinc.org/Forms/Credit/CLetters.html http://www.ftc.gov/bcp/conline/pubs/credit/bbcr.htm http://www.ftc.gov/os/statutes/fcrajump.htm http://www.fool.com/seminars/ev/?sid=0029&lid=504&pid=0000 Sample validation letter http://credit.about.com/library/bl/Ltr_Val1.htm?terms=credit+agency+addresses This is my pay and remove template letter The problem with simply paying off the debt does not remove the negative report from your credit history. They may show the debt paid, but it will still reflect late payments, or that it went to collections.

If you choose to go this route, be sure to get IN WRITING a letter stating that they will remove this debt from your history BEFORE you pay a dime to them!

Here is a better suggestion.

Send the creditor a demand to VALIDATE your debt. That means they must send you copies of you contract, bills, receipts, and anything that can prove you have a legal obligation to pay this debt.

If they do not respond back in 30 days, send a copy of this letter to the credit reporting agency, along with a demand to remove the entry due to lack of validation. They must remove the entry or risk a lawsuit for violation of the Fair Credit Reporting Act.

Be sure to send all letters by certified mail, so you have proof they were sent and received. Otherwise you have no proof to show the judge if you go to court.

Many of these magazine companies don’t even keep your contracts on file, and it will be impossible for them to prove your debt. Rather then spend a lot of manpower searching for these records, they will simply opt to remove the listing.
References :
http://www.comresinc.org/Forms/Credit/CLetters.html
http://www.ftc.gov/bcp/conline/pubs/credit/bbcr.htm
http://www.ftc.gov/os/statutes/fcrajump.htm

http://www.fool.com/seminars/ev/?sid=0029&lid=504&pid=0000
Sample validation letter

http://credit.about.com/library/bl/Ltr_Val1.htm?terms=credit+agency+addresses
This is my pay and remove template letter

]]> By: prettylade http://www.mybestmagazines.com/magazine-subscriptions/how-can-i-improve-my-credit-that-i-messed-up-with-unpaid-magazine-subscriptions/comment-page-1#comment-1338 prettylade Wed, 16 Dec 2009 13:20:59 +0000 http://www.mybestmagazines.com/magazine-subscriptions/how-can-i-improve-my-credit-that-i-messed-up-with-unpaid-magazine-subscriptions#comment-1338 How many are we talking about? Pay them off, then make sure they reported paid to the 3 credit reporting places. You can also send a letter to put into your file.<br><b>References : </b><br> How many are we talking about? Pay them off, then make sure they reported paid to the 3 credit reporting places. You can also send a letter to put into your file.
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]]> By: PurpleFlare http://www.mybestmagazines.com/magazine-subscriptions/how-can-i-improve-my-credit-that-i-messed-up-with-unpaid-magazine-subscriptions/comment-page-1#comment-1337 PurpleFlare Wed, 16 Dec 2009 12:39:59 +0000 http://www.mybestmagazines.com/magazine-subscriptions/how-can-i-improve-my-credit-that-i-messed-up-with-unpaid-magazine-subscriptions#comment-1337 pay them off<br><b>References : </b><br> pay them off
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]]> By: badkitty1969 http://www.mybestmagazines.com/magazine-subscriptions/how-can-i-improve-my-credit-that-i-messed-up-with-unpaid-magazine-subscriptions/comment-page-1#comment-1336 badkitty1969 Wed, 16 Dec 2009 12:25:59 +0000 http://www.mybestmagazines.com/magazine-subscriptions/how-can-i-improve-my-credit-that-i-messed-up-with-unpaid-magazine-subscriptions#comment-1336 Cancel your magazine subsciptions.<br><b>References : </b><br> Cancel your magazine subsciptions.
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