Legal Question in Credit and Debt Law in Florida

Re: Credit card debt collection

NOTE: This communication is not intended as and should not be interpreted as legal advice. Rather, it is intended solely as a general discussion of legal principles. You should not rely on or take action based on this communication without first presenting ALL relevant details to a competent attorney in your jurisdiction and then receiving the attorney's individualized advice for you. By reading the "Response" to your question or comment, you agree that the opinion expressed is not intended to, nor does it, create any attorney-client relationship, nor does it constitute legal advice to any person reviewing such information, nor will it be considered an attorney-client privileged communication. If you do not agree, then stop right here, and do not read any further.

Unless the creditor has agreed to remove any negative information, it will remain on your credit history. This information will often remain for a period of up to 10 years although some clients have reported it clearing up sooner.

The settlement will give you a better rating than if the debt has been charged off, but clearing the negative information is the best option. This can often be accomplished by an attorney negotiating a resolution on your part.

Scott R. Jay, Esq.

Re: Credit card debt collection

As part of the proposed settlement insist that no negative credit information be submitted and if any has, that it be corrected or deleted.