Can I pay to clear defaults on my credit rating?

Instead of waiting 6/7 yrs can u pay to have the defaults removed?


I know it used to happen!

Can I pay to clear defaults on my credit rating?
some companies will let you pay for deletion. you have to call the company and get the agreement in writing that you will pay a certain amount and they will remove the trade line from you credit reports. otherwise a paid charge off is no better than an unpaid charge off, when it comes to credit score.
Reply:you cant change it....
Reply:No you cannot and people offering this service are fraudsters
Reply:No once yor default is entered into RBI software you cant
Reply:Bella is correct (sort of)....





First, understand that legally there are only two ways a negative item can be removed from your credit report.





1) The creditor must delete it


2) The creditor fails to respond to a dispute investigation from the credit bureau.





Therefore, your mission is to figure out how to convince the creditor to remove it. That will usually involve paying off the debt (if it hasn't been paid off yet),...





or "bribing" the creditor. He may just accept some money to help you fix your credit. Yes it's legal, but I have never heard of any creditor (especially a collection agency) that did it.
Reply:You can pay the amounts and have the ratings changed to something other than a default. You must contact the creditor and negotiate the rating. It could be changed to "unrated" or "contact member" or soemthing of that nature, depending upon the type of debt that is being cleared.
Reply:no
Reply:No they are a record to show how you manage you finances. Banks credit card companies use these to judge how much of a lending risk you are.
Reply:no. but it will make sure you dont get in to debt after there clear !!!!!!
Reply:Don't be fooled - anyone who says they paid to have it removed is certainly lying to you. The only thing you can do is:





- if you think the default was registered incorrectly, challenge the company involved and if they will not remove it, take it up to the financial regulator.





- if the default is genuine but there was a reason for it, ask the credit reference agency to include a note in there to explain the circumstances of you falling into a default. Companies will see this explanation when they search your credit file.





If you really feel you must pay, contact your local trading standards first. They'll be able to advice you if an offer for a service is genuine or a scam - lots of people have been had - don't be one of them, save your money.
Reply:You can Dispute any default on your credit, if they do not get back to you within 30 days, They have to remove it from your credit. I've disputed a few items and 3 were removed.
Reply:I've mailed letters of dispute to the credit bureaus, when the companies don't respond to them in 30 days, they are removed. I had 3 things removed that way. Then I joined Lexington Law for 3 months and I think3 things got removed. There is no guarantee. This was last year.

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