I totally disagree with it, and have fought it repeatedly, but the creditor and the credit beaureas wont budge. Its been almost 4years. If I pay it off does it help my credit in any way? Ive been told it could actually potentially harm my fico score and lengthen the period of negative reporting, if I pay after all this time, as the clock is supposedly reset when I pay and wether I pay or not its been there so long it has already done the damage? Any thoughts on this?
AlsoI filed bankruptcy in 2002, which was primarily due to suffering a medical illness and being unable to pay my bills. Is there any way I can add this to my credit file and would this help improve my fico score or should I just wait. And finally I asked before about secure credit cards. I got a few responses but they werent too helpful. Anyone know of a good secure credit card I can get that wont report to the credit beaureaus as a secured card?
Thanks for your help.

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In April I filed Bankruptcy. I quit my job after having a devastating miscarriage and felt like there was no other way for us to survive financially. My husband’s job with the Army requires him to have a security clearance and with already shaky credit we decided it would be best for me to file alone. Most of the debt was in my name anyway, so I filed a Chapter 7 in April. Due to my lawyer’s incompetence it wasn’t discharged till December. We’ve been told that with my husband’s low score and my recent bankruptcy our only option is to wait 12-24 months to apply for a mortgage. This makes sense to me, but I’m hoping there is another option out there. We were foster parents for a time and hope to continue that next fall when my husband returns, but he’s stationed in central Texas where CPS prefers foster parents who own their home. We had established a small business in training and boarding horses and would like to continue that in our own back yard and grow from there.
I’ve contacted the three major credit bureaus to clean up any inaccuracy and I’ve been working at my job for almost a year. Our debt to income ratio is great and despite my bankruptcy my credit score is slightly higher than my husband’s, but still low. I’ve done all of our baking with US Bank in hopes of establishing a relationship with them and I have a low-limit credit card I use for gas and pay off monthly and a secured card I use for business expenses and pay off monthly. So, this is probably much more information than you needed, but it will hopefully be enough to help you answer my question. I would hate to spend another 12-24 months paying 0-800 a month in rent and 0 a month boarding our horses when that could be -30k we’ve paid toward a mortgage.
I understand that all actions have their consequences, but we’re a Christian family and hope that through the right network, education and of course prayer there may be some chance of purchasing our first home so my husband comes home from Iraq feeling accomplished and secure.

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