Almost paid off....

[QuadzillaXXX]

I had many credit card issues and a repo when I was younger so over 10 yrs ago and when I pulled up my credit report now I only have 3 negative things still showing.
I sent a letter to each company with my intentions of paying these items off but requested that they take the item off of the reports. Is there any way this is going to work?
I do have my student loan on there in addition that was finally paid off but was severely late.
Also, I haven't gotten my score but did get the range from equifax and it's in the 500 ballpark.
Why is it still so low with only 3 items on there?

Thank you

[chane]

The accounts are over 10 years old??? They should not be on your credit reports anymore and are probably past the SOL. You probably don't have to pay them and they should be disputed and removed from your credit reports immediately.

[QuadzillaXXX]

those aren't on there anymore, i just meant that i had issues many years ago.......now when i'm on my credit report there are only 3 items on there but my score is about 500 so i don't understand why it's still so low

also, i sent a letter to each company with my intentions of paying off the debts and asking that they remove the item from the credit reports....do they actually remove these things or do they show up as paid but late?

thanks

[chane]

3 negatives is still quite a bit, especially if you don't have many positive accounts. How many positive accounts do you have?

Did you dispute the negative accounts? I highly doubt the creditors will just delete them, especially if you still owe on them.

[QuadzillaXXX]

i only have 1 positive one so that's why i guess it's so low.....i do plan on paying them all off, just wondering how much better things will get when i do pay them and they show as paid but late or whatever it says

[chane]

They will get a little better as they age and eventually fall off, but not much as it's still considered a negative account until then. You definitely need new, positive accounts reporting. Like at least 2-3 more.

[QuadzillaXXX]

thanks for the help......since i can't really get a credit card now, how do i get positive additions to my credit report?

[chane]

There has to be a credit union or bad credit credit card company or secured card or something that will give you credit. It's not easy and can be quite frustrating, but you need positive accounts.