I have bad credit right now and all of my old cc is in collection agency and it will fall off within the next 3 years, im trying to rebuild my  credit, i had some people advising me to get a secured credit card. I was wondering anyone in this forums had any experience with any secured credit card.

here are a list of cards i researched.

BOA secured

New Millennium Bank secured

Orchard banks Secured

WellsFargo Secured

First Premier

Public Secured

i want to get a card that  can report to the 3 credit bureau, can be upgraded to a unsecured credit card eventually.

can you guys please give me some advice or recommendation.

I had one from Ace cash advance, and Ez corps and First cash advanced and most of it is in CA office.

i was wondering does cash advance have a SOL date? because it’s on my CR,  and Will it be removed after 7 1/2 year?

I live in texas btw the SOL in texas is 4 year

thanks all in advance

Will my FICO increase if I get a settle for less status?

A CA has contacted me several time and said they willing to accept 70% of balance.  I was willing to pay 70% if OC willing to PFD, they took $20 as deposit for settlement.  CA came back and said OC will accept 75% of balance.  I request that they sent me a settlement offer, with PFD in writing before I commit.   They then argue that I had already committed payment when I put down $20.  Now CA has revoked any offers and is only accepting paid in full.

What should I do now?  If I paid in full, can I still request that they PFD?

Also, how much of an impact on my FICO if I get this PFD or settled?  Currently, it show that there’s 2-30days late.

I’ve been racking my brain trying to figure out why my wife’s TU is much lower than her other reports  EQ is reporting a 677 but her TU is showing 602 then I noticed that this Cap 1 CO is reporting incorrectly.

This CO was settled to avoid a lawsuit but the account hasn’t been updated to show that.   So last week we mailed the settlement agreements which show this was settled in full and a copy of the cashier’s check to the CRAs.   Then today I noticed that the account is showing as being updated recently (03/2010) but the past due amount was not changed to zero as it should be.  In addition the date closed had been changed to 02/2010 when it should be 9/2005.   

As a result of this her FICO scores are reporting that she has a 30 day late when it shouldn’t be.

We haven’t received anything from TU yet about our dispute and the account has not been marked as in dispute either

 We are trying to obtain a mortgage and this is proving to be a problem.

Can someone offer some advice on how best to resolve this?

Just as an aside: We tried contacting Cap 1 but they would not speak to us told us to speak with the CA.  The CA has told us to speak with Cap 1   :smileymad: :smileysad:

• an OC and a CA report on a CR; 
• snooping around uncovered that the OC and the CA are owned by the same company; 
• OC is a little suspect because they specialize in granting credit to poor credit candidates;
• CA is very suspect because they hide behind several confusing DBAs and former DBAs; 
• OC and CA made it very difficult to know that they were owned by the same company.  

Slimey business practices aside, would this constitute double reporting?  Would it violate any portion of the FCRA?  If it is grey area regarding violation, is it cause for filing complaint with the FTC and/or state AG?  If it’s not a violation, would a FTC and AG threat be enough leverage to have both items removed?

This posting is to document a PFD letter to NCO for a DirecTV account to be mailed via registered USPS. I would like to share the timeline to everyone and will update posting as event occurs.

I am ready to mail the letter and will post the post mark date of the letter soon.

Until the next posting…………….