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  1. #1
    Join Date
    Oct 2006
    Location
    Florida
    Posts
    8

    Default Re: Is bankruptcy a valid option for me

    Thanks for the note, I am just trying to formulate a strategy with this. no matter what this is going to be on my credit report. myfico.com says equifax has me rated in the 630s. I havent done anything with credit in 4-5 years, ironically myfico.com set me up with a bill me later account for the yearly subscription. When that happened it went from 611 to 630ish. HAHA.

    Like I said I appreciate your thoughts and am in the process of acessing
    a real world view on how to deal with these people. Especially since I havent
    spoken to them in years, not to mention I am nearing the statutory time
    where they cant really enforce the debts with me. Again I live in FL and most
    of these notes are greater than 4 years since the last activity on the account.

  2. #2
    Join Date
    Mar 2005
    Location
    Michigan
    Posts
    28,906

    Default Re: Is bankruptcy a valid option for me

    You can sometimes negotiate for the negative entry to be removed from the account - although you should obtain written confirmation of any such agreement before sending the payoff amount. If you're not particularly worried about your credit score, the "let sleeping dogs lie" option remains available - but don't accidentally throw away notice of a lawsuit, as a default judgment will remain on your credit report for a very long time.

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