WillingtoFight593 5 Posted January 28 Report Share Posted January 28 Hello, I have about $7500 in charged off debt with Chase, about $6000 in charged off debt with Bank of America, both of those charged off in summer 2019, and $4300 or so in arbitration with a JDB. I have a mortgage with no late payments ever, and another small line of credit with Capital One which is like $1000 and has never been late either. Unfortunately I had a silly $90 medical bill that ended up going to collections which got reported and I paid it off in full but it’s there. I really want to refinance my house so I can save up some money to clean my credit up if possible, but I need to bump my score by 25 to be able to refinance. Is there anything I can do with any of these situations that would boost my score by that much? I could settle the charged off debt but I don’t know if that does anything, I’ve read here that it doesn’t do much. I don’t have the money to pay them in full but could settle for maybe 25% on each with the OCs in this case. Anyone else have any other recommendations? Thank you! Quote Link to post Share on other sites
admin 902 Posted February 15 Report Share Posted February 15 @WillingtoFight593how much money do you have? When you settle, it depends on how you negotiate your credit rating. There is a right and wrong way. Quote Link to post Share on other sites
