accounts coming back verified. suggestions please

[jwhit012]

totally understandable, so basically i hurt myself and lost the chance to delete those accounts off my credit. With that issue aside, i have a few more account on my credit id like to be removed. i have three negative accounts left, what do i do first? should i dispute them? or send out a pay with deletion letter? sorry for all the questions but i just want to clear all these debts within the next couple of months. another thing, is it possible to remove hard inquires?

[Lian]

The only way to "clear a debt" is simply to pay it. I assume that by "clearing the debt," you actually mean clearing it from your CR?

First of all, it is rarely to the consumer's benefit to have "accounts" deleted. What you want deleted are the negative items of information reported on the account. With their deletion, the account would be positive, and you would still reap the benefits of such things as it account age, provided its age is as old or older than you current average age of accounts.

Since you refer to PFD as a possible option, I am assuming that these accounts are still delinquent. Are they open or closed?

When deletion of old derogs from a delinquent account are desired, you basically have three options.... dispute their accuracy, offer a PFD, or just pay in full (PIF), and then pursue a request for good-will (GW) deletion after the fact.

So the obvious first question is whether or not the reported derogs or delinquencies you want deleted were accurately reported by the creditor/debt collector. If the delinquency/derog was legitimate, and thus its reporting was accurate, you have no basis for a dispute of its inclusion in your CR.

If you cant dispute the accuracy of their reporting, then you can consider either a PFD offer or a simple PIF. Along that line, the very first thing I recommend is to determine if the unpaid debt is still within your state SOL. That will determine whether the threat of legal action is a real consideration.

If the debt is still within SOL, you take chances with doing anything other than just a full PIF. That is the only way to shut off potential legal action.

A PFD offer requires no response, and runs the risk of awakening them to legal action. So, if still within SOL, you take your chances, weighing the importance to you of credit report deletion now. No one can advise you on that decision.

PIF, of course, eliminates the chance of legal action, and if still within SOL, may be your selected option. However, it does not give you CR deletion of any derogs or delinquencies, leaving you only the GW letter approach. Having paid the debt, your chances for GW deletion probably decrease.

No clear recommendation. It is a personal risk analysis.