My son has a Best Buy credit card that has now been sent to a collection agency...?

I don’t want his credit ruined and I am willing to pay it off but, how do I get it off his credit report?

Answer by bob535
Usually it will be removed years down the road. I don’t know of any nearer way. I suggest not-paying his debts as the best course of action for his credit in the future. If he doesn’t learn the consequences, he will always look to you to fix problems. It is part of growing up.

Answer by Kat Dog Fisch
No way additional than letting time go by . He clearly didn’t pay if it’s gone to collections and you’re jumping in. Best advice you can give it for him to try for another card and watch over him like a hawk to make sure he handles it responsibly.

Answer by fourofsix2003
only time will make it go away,and why are you paying off what your son bought??wouldnt it be prudent to let him deal with the conundrum and learn from the experience additional than getting the message that if he screws up mommy and daddy will bail him out?

Answer by grumpyyoungman
Well the question is, why is this card in collections,what are the circumstances? was it because he was not responsible, and failed to pay what he owed, or were others circumstances involved? if he failed to pay in time, you should not bail him out, let him map it out by him self, if something else is going on, then there is nothing you can do for the terrible debt to show on his credit rating. But, credit collection agencies buy debt at pennies on the dollars, and you may be able to settle with the agency for .50 per every dollar your son owes. If you make a deal with them, get them to agreed on writing, and do not pay them or give them access to your checking account, do not send them postdated check, because they will cash them. until you get it on writing, and save that letter for the rest of your live. the best business is stay out of debt, pay cash for things that you want, and if you have to use money make it only for the business that you need. I hope that helps.

Answer by s and d e
you can’t get it off his credit report. i suggest you not pay it off for him and make him pay it off. otherwise, he’ll be right back in the same spot in no time. ck out this website: www.daveramsey.com. you’re son needs to learn to be responsible.

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Answer by bdancer222
If you pay the balance in full by the statement due date, you pay on interest — it’s the interest free grace period between hold date and statement due date. If you don’t pay the balance in full, you will pay monthly interest on the average daily balance — usually from the first day after the closing date, if the previous balance was 0. New buys added to an existing balance carried forward are built-in in the average daily balance and have no interest free grace period.

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