Old tax liens on public record

Feb 242011
 

Does anyone have experience with tax liens on their cr? I have 2 IRS liens filed 3/2002. The tax was asessed in 1999, so the collection process is over. I read somewhere that Eq and TU drop it after 15 yrs. and EX never drops an unpaid lien. My TU score is 735. I have 2 cards pif monthly. I’m trying to get to 750. Thanks for any suggestions.

Need help with writing a Goodwill Deletion letter

Feb 242011
 

i am trying to get my car lender to remove a 30 day late pay, and i need to write an excellent goodwill letter.  I dont see any samples that will fit my situation

Need some really good advice on how to execute my plan

Feb 242011
 

So I have been lurking around the forum for a few weeks trying to get as educated as possible. Being as new to this as I am, I’m still really confused and frustrated. I ran up a lot of bad credit when I was in my late adult teens-early 20s and now it is coming back to bite me. I admit to each and every debt that I have, but I haven’t exactly had the funds to pay them (until now) or I have completely forgotten that they were there. I’m trying to get my credit in order b/c my husband and I really want to have a house in 2 years. I really don’t want my carelessness as a dumb kid to haunt me forever. Here is the breakdown of my credit report:

 

3 apartment bills- all PAID

2 medical bills-  totalling $1187 (still within SOL)

2 cable bills- both PAID

Capital One C/O- $745 (still within SOL)

Scholastic- $44 (still within SOL)

Columbia House- $107 (still within SOL)

medical bill- $50 (NOT within SOL)

 

Any advice as to how I should tackle these? I am thinking that I need to send Goodwill letters to all of the paid collections, wait until I have the money to PIF for PFD on all of the collections that are withing the SOL. Which ones should I start with. Should I pay off more of the smaller amounts so I don’t have as many individual collections on my credit report or is it the large balance accounts that are hurting me more? And what about the medical bills? I keep hearing people mention HIPAA? Now I know that there are some accounts that are small and I could easily just pay, but I want to make sure I am doing the right thing to get this stuff off my credit.

 

Also, I just applied for a secured credit card that I will use for groceries and gas (which are budgeted every week).

 

Any advice is happily welcomed! :)

 

Lender okayed removal of lates, not showing up on reports yet

Feb 242011
 

Our mortgage lender agreed to remove a couple of late payments on a home equity loan we had.  The letter we received from our lender said to wait 60 days for the Credit reporting agencies to make the change.  It has been over that time and the changes have not been made.  How do I proceed?

 

SHould I send the letter we received from our lender about the removal and ask that the credit reporting agencies take action?  Can I request a copy of our credit report once the change has been made?

 

 

Help after Chap 7

Feb 242011
 

Hey everyone…been lurking around and need some advice on rebuilding credit for me and my husband. We stopped paying on our CC’s in March 2010, filed chap 7 in May and were discharged the end of Sept 2010. I pulled our Equifax credit scores this week and they are 610 and 615, everyhting seems to be reporting correctly on all of our reports. We have a car loan and a student loan that are never late.

 

Our goal is to save up a down payment and rebuild our credit enough to buy a home in 2-3 years. I am having trouble finding a credit card and hoping you all have some advice. I applied for both of us at Hooters, Cap One secured and unsecured and HSBC unsecured. They were all denied. The letter from HSBC says denial is due to “Serious deliquency on at least one other account” and Capital One says “…there are too many deliquent past or present Capital One credit obligations.”

 

My question is when will these CC companies even begin to consider us? I see so many others with no problem at all getting approved for these cards after bankruptcy. Is there someone I should call, would that give me a better chance?  I am concerned at the same time with putting too many inquiries on our reports looking for credit. This whole process is really stressing me! Any advice is appreciated, especially about leniant secured credit cards I should apply for. Thanks!

 

Time To Tighten Our Belts

Feb 242011
 

Our leaders and the press they control love to use those words, prices go up and we are told to tighten our belts and learn to do with less. That message is pointed directly at the working class it seems. Oil companies post record profits when the price goes higher. Oil from the other side of the globe spikes over $100 a barrel, but here in the States where we don’t have civil war brewing (yet) in every state we can pump it out of the ground for less than $40 per. As the fat oil execs say “Cha ***king Ching!” No belt tightening there. The same as natural gas, we pump it out of the ground right here, but the cost goes up when the middle east gets an itch. Electricity? I don’t know where all of you live, but my power source is nuclear, the cost still goes up. Are they buying the gas for their employees cars or what? Of course groceries go up because the cost of fuel to plant, harvest, ship to the distribution centers and then to the markets goes up. Farmers don’t get enough most of the time to cover their expenses, that is why most family farms are going under. I have never seen pictures of the Arabian Peninsula roaming with cattle or fields of grain, meaning they not only pay the afore mentioned costs, but also the cost of shipping it half way around the globe in huge cargo ships, still, the Saudis are eating cheaper than we do.

It’s all there in the second paragraph in the Declaration of Independence, look it up. When we are cutting our own throats to pay the bills and sending the blood overseas to fund ketchup tasters and researching fuel from stone we are not being represented by those that the rich people give us to choose between on election day.

Retro Deferment remove 30-day lates?

Feb 242011
 

My husband had 4 SL accounts that were reported 30 days late to the CBs on 01/31. However, last week he was approved for a deferment on these loans that now dates back to before the time that the loans were 30 days late. When the creditor (AES) updates their reporting with the CBs next month, do you think they’ll remove the 30-day lates? ARe they required to since now, the loans were considered in deferment at that time?

 

I’m going to wait to see what happens, but I’m trying to prepare myself for the worst case scenario where I have to fight with AES over this.

NCO Question

Feb 242011
 

Hello all, long time lurker, fist time poster. I had started getting calls from NCO about some hospital bills from last year (2010) a month or so ago. I read on here that I should send a DV and see what happens. The DV letter I found mentioned that if they had already posted negative information in my credit file they were in violation of a certain law I’m not sure which atm. So since I have ScorePower I checked my EQ score which was at 677 and found it had dropped to 563. Why? Three negative posts by NCO. Two for $748 and one for $53. Clearly this was a violation?

 

Anywho, since I got the reciept back from my CMRRR the calls have stopped and just out of curiosity I checked my EQ again and it was 627 and the 3 NCO posts have been removed. I have heard NCO is a beast to deal with, can it truly be that simple, case closed? Or are they planning on springing something on me? 

 

I also sent a DV to Paragon CMRRR as they have been calling and I even got a letter from them. I am sure they should have gotten the letter by now, but they still call, even though they have yet to post anything on my credit file. At least not with EQ. 

 

Any advice on next moves with Paragon and any ideas on what NCO might have up their sleeve would be greatly appreciated!

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