Charge offs and Judgments

Feb 272011
 

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How much of a score increase

Feb 272011
 

I have the following reporting across all three reports

 

Child support (Collection Acct $500.00)

Asset Acceptance- $634.00 open account factoring

Wood LAw PC $101.00 open Collection

3 max out credit Cards $300.00 limit

 

If I have the the Child support, wood law pc and the asset acceptance removed. and paid off all the balance on the maxed out cards to $1.00 what would my score be. Right now I have like a 580ish on Transunion and 582 on equifax.

To DV or not to DV…….that is the question.

Feb 272011
 

I’ve been reading a lot on here about sending DV letters to CAs. My question is: Do you still DV a CA even if you know that the debt is valid? I know that it is possible that they won’t be able to validate and then they would have to remove it from your CR. Is that why you always DV first?

 

Many thanks!

Wait.. how did THAT happen? [Removal of CA from CR]

Feb 262011
 

Hi again all,

 

I apologize for the necessary creation of a screenname. I contacted support for assistance, but unfortunately those requests were to no avail.

 

Anyway,

 

I wanted to report an odd situation that arose this morning.  Last week I sent off a settlement proposal to the one other office that holds a CA for me.  After offering the same letter to the agency I mentioned previously and receiving quick response I asssumed the agency I’m now speaking of didn’t accept or acknowledge my letter.

 

So anyway, I was updating my CreditKarma account today and notice a rise in my score, thus affecting both my Transunion score as well as my VantageScore.

 

I offered them a settlement and that if they so agreed that they had to remove any derogatory information pertaining to the account. Now after seeing an increase of 5 pts to Transunion I reviewed the dispute resolution within Experian’s site to see what could have made this occur.

 

….The CA account had been REMOVED from my report. What do y’all think that means?

 

- Is it the possibility that they, in good faith, preemptively removed the CA prior to me even sending them payment?

- Could the CA have been sent to another collection agency?

- What if they forwarded the settlement proposal to the original creditor for review?

 

I just do not know what it means, I’m very elated to see this score increase, but unsure as to why the CA was removed.  Thanks for any insight! :D

Utility Bill SOL

Feb 262011
 

Does anybody know what category utility bills fall under?  I just got a dunning notice from a CA for an old gas bill.  The OC never reported and the CA hasn’t reported yet.  I have no idea with the DOFD is.

 

I live in Ohio.

 

Thanks!

Portfolio Recovery Email

Feb 262011
 

Out of all the collections accounts, I only have these guys left. I am trying to pfd so if anyone has the email which they had succes with, can you please PM it to me? thanks!!

PFD – 4 accounts, 1 CA

Feb 262011
 

Good morning!

 

I have 4 small medical bills that have all been given to the same CA ($490 4/2009 – $1,129 4/2008 – $267 2/2007 – $2,451 11/2005).  I want to write PFD letters.  Should I include all 4 accounts in the same letter or should each account have it’s own letter?  If separate, should I send them all at the same time?  And lastly, (again, if separate) should I start with the oldest, highest amount or does the order not matter.  Thanks to all that respond!

Foreclosure Sale date notice received

Feb 262011
 

So being that it is Saturday and I can’t call the mortgage company, I’m turning to this forum for a little help. Due to unemployment I have been out of work for the past 4 months. I am now behind on my mortgage by 6 months. I currently owe $9000 My mortgage is with US bank. I have tried working with the loss mitigation team. I sent everything they asked for and then received a denial letter saying I had not submitted everything. on the letter it said I had 10 days to submit the documents so the file could be reopened. I immediately faxed everything again. I even received the fax confirmation. This was about 3 weeks ago. I have been waiting since then to see if a decision had been made. I offered in my hardship letter to pay $3000 as a partial payment and then find some way to workout the rest of the past due amount.

Now today I received a letter in the mail (not certified, just regular) stating that this law firm was trying to collect a debt on the mortgage. On the letter it has 4/28/11 as the sale date of the property. It then has some information on how to request to stay in the FHA on a rental basis or something.

My question is can I still work with the lender once I receive this notice? Will they make me pay the past due amount. When writing to them I thought making the 30% partial payment was better than nothing. I was hoping they would work with me. Should I contact a HUD counselor to see if they have more pull than just me doing it myself. I just went back to work 2 weeks ago and really want to keep my home. I am unable to borrow any money from anyone or any bank so that is not an option. I need to find a way for the bank to work with just my partial payment. Any advise would be much appreciated. You can bet that I will be on the phone with US bank loss mitigation team everyday until 4/28 if we can not come to an agreement

Should I try and contact the law firm to see if they will accept the partial payment? or should I only work with US bank!!

Any help would be much appreciated. THANK YOU!!

First Bank of Delaware CO

Feb 262011
 

I have read many helpful posts on this forum but I can’t seem to find one that fits my dilemma.  I am looking for advice on how to proceed with a CO for a First Bank of Delaware credit card that shows on my CR and has a balance of $0, a past due balance of $0, and a High Balance of $819 with an initial credit limit of $300.  The CR shows it was opened 5/2008 and last reported on 8/2009.  The remarks section of all 3 reports states basically the same information: “charged off as bad debt and purchased by another lender” but the “new” lender does not appear on my report although this was last reported in 2009.

 

I have tried to call the credit card company to offer a PFD but the number is disconnected.  What are my options if I can’t even reach them?  Do I send a DV letter to the address listed for the OC?   I believe the SOL for my state is 3 years.  I  would like this TL removed from my CR ASAP.  How do I proceed from this point? 

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