Your debt is just that "yours" you can't pawn it off on someone for emotional or even logical reasons. Your ex or your fiance are not liable for anything. show more Your debt is just that "yours" you can't pawn it off on someone for emotional or even logical reasons. Your ex or your fiance are not liable for anything and don't have to pay it, it's your obligation. That's the down side of relationships gone wrong.
What you can do since the debts are kind of old is negotiate a pay for delete with each of the creditors when you pay them off, so that they'll be deleted from your credit report for good.
This will definetly boost your score and get rid of the nasties.
Here's little guide to help you along the way:
1 - If you haven't already get current copies of your credit reports from the 3 major bureaus (Equifax, Experian and Transunion)
2 - Take a photocopy of each and put the originals in a binder
3 - Get a highlighter and highlight any account that is negative (collections, written off, older than 7 yrs, etc. )
4 - Any inactive account that is
older than 7 yrs should not be deleted from your report. Download a dispute letter from the credit bureaus website(s) and fill in the details
5 - For collection/overdue items, if they are greater than 7 yrs dispute them as well
6- If there are still valid debts, you need to contact the creditor and negotiate a 'pay for delete' in addition to a payment plan if you cannot pay in full. If they start hounding you send them a 'cease and dessist' letter stating they may only contact you in writing.
7 - Do not apply for any credit while you are doing this or for the next year (ideally 2)
8 - If you currently have any credit card or loan balances, pay them off or at least pay them down to bring them current
9 - If you need a credit card, get a secured card from Capital One for $500 (or more if you can). use it sparingly for like only $25-50 and pay in full and on time every other month or so to establish good re-payment history.
A little patience and 2-3 months, you'll be on your way.
Anjell · 7 years ago