Posted on
May 19, 2008
at
11:00 pm
I hear that you can negotiate your credit rating with creditors does anyone know this to be effective?
Posted on
May 20, 2008
at
10:52 am
No, you can't really negotiate your credit rating directly as far as I'm aware. I think what people are referring to is if you have a debt in collections, sometimes you can agree to pay less than the full amount to pay off the debt and have it marked 'paid as agreed' on your credit report, which would improve your credit score.
Posted on
May 20, 2008
at
12:34 pm
From everything I've ever read, you aren't negotiating your credit rating, you are negotiating how they will annotate your payment or payoff. Jeremy is correct. That point being true, always remember to negotiate the most favorable annotation. That way, your credit rating can rise.
Posted on
May 30, 2008
at
9:17 am
Oh, I didn't know you could do this and hopefully improve my credit score somewhat. I will make sure that I ask about this next time I am dealing with a creditor. Thanks
Posted on
May 30, 2008
at
3:26 pm
I have never actually heard of negotiating your credit rating. I think the world would probably be an easier place, or maybe harder if there was the option of that. Although, thanks for the information in this thread, because I would never have imagined that you could even negotiate your pay off.
