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Do Creditors Make Their Profits From Collecting From Their Customers, Or By Reporting Negative Credit Information?

Because creditors recognize this "catch­22" situation, they will often agree to delete any negative listing upon settlement of the debt. You have to realize that creditors won't try to ruin the debtor's credit rating as a personal vendetta. It's strictly business. If it pays them to collect from debtors and restore their rating to perfect, they will do this.

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This article is intended to be helpful and informative. But even common legal matters can become complex and stressful. A qualified creditors rights lawyer can address your particular legal needs, explain the law, and represent you in court. Take the first step now and contact a local creditors rights attorney to discuss your specific legal situation.

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