Capital One, 30 day late

Mar 162011
 

Hello Everyone, nth

 

I had a 30 day late with capital one in november last year for $4.99 . Due to this and a recent spike in utilization ratio, my FICO was in mid 600s. I am looking for a car loan, so I thought I would ask Capital One if they could remove my 30 day late. I was travelling abroad when this late payment happened. I had never carried a balance and always used to pay to 0 each monthe. I explained this to the Accoutn Specialist(called the number in the backdoor number post from myfico), and she was nice and forwarded me to another agent. She said she is sending a letter to all three CRAs and send a copy to me also. 

 

Two days later I get an alert from Equifax saying one of my account changed. I went ahead and pulled my FICO equifax score and the score jumped to 700 something and there is no negatives on my account. But, my capital one account details says, “Customer disputes the informaiton on this account”. I read elsewhere on the net that this would stop many creditors from approving a loan. 

 

My equifax report still shows that there was a 30 days late in november last year. What is going on here? I talked to a agent today and she said Capital one will return my late fee in next couple of days, and its likely that CRAs will remove this negative. 

 

Will the 30 day late be removed from my account?

 

Was the score bump because FICO didnt include Cap One becuse its disputed? 

 

Will they remove “Customer dispute this information” from commets once the investigation is complete? How long will it take to compelte the investigation?

 

Thanks in advance

One Charge Off

Jan 102011
 

This is my first time posting to a site like this, but I could really use some advice.

 

A few years ago (as a smart “know it all” 20 year old) I got a credit card and charged the hell out of it. I missed the first payment and then that turned into missing every payment. Needless to say, we can all see where this is headed, straight to collections. I didn’t take care of it with the first place because the company wouldn’t accept payments, got sold to another company and the same thing happened, then finally it got to another agent who was super helpful and willing to accept payments. I decided that I wanted it to be over and done with in less than a year. I paid off a little less than 3600 in roughly 10 months. A month after that I requested a letter from them saying that I in fact did pay off the balance.

 

All this occured roughly 3 years ago. Since then I have been trying so very hard to reestablish my credit. I was not told about how a secured card worked until a year ago and have seen had one and never missed a payment and always paid everything off in full. I also have a macy’s card I’ve had since I was 18/19. I am getting married in roughly 18 months and my soon to be husband has excellent credit and I obviously don’t. My questions are:

 

1. What else can I be doing aside from having the secured card to raise my score?

2. Should I have sent the letter from the collections company to the credit bureaus?

 

Thanks again in advance.

 

The Millionaire Real Estate Agent: It’s Not About the Money…It’s About Being the Best You Can Be!

Dec 162010
 

The Millionaire Real Estate Agent: It’s Not About the Money…It’s About Being the Best You Can Be!

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What can a real estate agent and broker require you to sign in a real estate deal?

Dec 052010
 
real estate
bynancyarora2020

I am in escrow on some property in which the seller and his real estate agent were not very forthcoming in their disclosure statements. Through a third party I found out some things about the property that are detriments (such as occassional flooding) but I am willing to overlook them and still purchase the property. I have released all my contingencies and we have a close date set.

My real estate agent happened to tell the seller’s real estate agent that we found out some of these things on the property – most importantly about the flooding – and now the selling real estate agent wants me to sign a bunch of documents listing out what I found out as if she had told me about them. I don’t want to do it – it took considerable effort for me to uncover these issues and I have already signed off on contingencies. I don’t think I need to also let her off the hook as if she had disclosed these things to me – she did not. Can the realtor force me to sign these?
I am asking if a real estate agent can legally force me to sign informal and misleading documents in order to progress with the purchase? The seller and I have already signed all legal documents as outlined in our legal contract.

Pushy Real Estate Agent

Dec 032010
 

from the Peter Serafinowicz Show Christmas Special
Video Rating: 4 / 5

Peter Schiff video blog Oct 27th 2009 Also check me out on www.facebook.com and twitter.com

Is it even worth it now? (All input is appreciated!)

Apr 062010
 

Advice Needed! Have fun helping fellow man rebuild credit!

 

I have my car paid off, I’m not planning on buying a house, and I don’t see any other needed expense in a while, so should I really go about working on GW letters and PFD if most of my baddies are going to fall off in 2011-2012?

 

Here’s all my baddies

 

AllianceOne (Collection Agent): $500 FALLS OFF MAY 2012

CACH (Collection Attorney): $0 (Settled with CA  6/08) FALLS OFF FEB 2012

Chase: Sold (see CACH above) Last Reported 11/2006

Equidata: $350 FALLS OFF JUNE 2011

Equidata: $250 FALLS OFF JUNE 2011

GEMB: $0 Last Reported 9/2007

LVNV (Collection Agent): $0 (Settled, although I don’t remember doing so) FALLS OFF MAY 2012

Sears: Sold (see LVNV above) Last Reported 4/2006

Macys: $0 Paid. Closed, Last Reported 02/2005

Collections Agent: $2500 FALLS OFF FEB 2011 

Wells Fargo: No Status, account in dispute under Fair Credit Billing Acts (PIF in 1/2005, I called and they said they would update it)

Express: Closed, Last Reported 03/2004

Vicky’s: Closed, Last Reported 10/2004

 

Thanks! (Also, is it a bad idea to put all my business out there? Lots of people seem to do it here, but I’m scared of Identity theft and what not).

Credit-Life after Credit-Death. PLEASE READ! Help with Collections!

Mar 022010
 

(No, this is NOT an advertisement of ANY kind!)

 

I would like to share a short story with you all.

 

If you look at my signature, you may wonder how in gods name, over the course of TWO WEEKS, my EQ can SKY ROCKET 100 points, my TU raise 40+ points…

 

…I didn’t hire any special lawyer.

…I didn’t go to a “Credit Fixer”.

…I didn’t start obtaining new credit and suddenly paying everything down big time.

…I had two Collections on my account!

 

 

…..so now I come to my “secret”.  

 

For those individuals who have fully paid a collection agency recently (within 12 months) or awhile ago (1yr +), you’re probably well aware of the fact that your credit files reflect “collections” which have probably destroyed your credit rating…however, here’s something that I’ve told several people locally that shocked them:

 

YOU CAN CALL THOSE COLLECTION COMPANIES DIRECTLY AND ASK THEM TO REMOVE THE COLLECTIONS!

 

You read that correctly, and that’s exactly what I, myself, did. 

 

I had two collections, one of which was paid in full several months earlier that stayed on my report, another that was still outstanding.  I called the outstanding collection first and paid right over the phone.  After having successfully paid I told the agent: “Listen, I want to make things right, so i’m paying this debt that I owe, thank you for receiving my payment.  Listen, i’m in a rebuilding stage and i’ve finally got myself over the hurdle of calling YOU to pay rather than you continuing to call me.  I am finally on the verge of standing on my own two feet.  I need your help.  Can you please remove this collection from my credit report?”  It must have made that agent feel good because after a brief hold, he told me that it would be off in 5-7 business days.

 

…AND IT WAS GONE within 7 business days!

 

I called the other, pleaded the same and IT WAS GONE TOO!  

 

Honey wins, vinegar loses.  Remember that please!   The moral of the story?  There’s credit-life after credit-death.  Don’t write yourself off by saying “crap!  this is now on my credit for 7 years!”  It doesn’t have to be! 

 

I hope that this breathes some life into some people here.  I’m sure that you guys are very knowledgeable to this kind of stuff but I wasn’t and with that said, i’m hoping that this story is read by another individual who wasn’t aware either and they can try for his/herself with some success :) .

 

Thanks for reading guys.  As you can see, my FICO increased DRAMATICALLY after talking nicely to the agents and getting the collections removed.

 

:)

Insurance agent enters race for council seat

Feb 222010
 

Gambling, jobless-insurance bills face deadline in Legislature
Both measures could be heavily amended before they are voted on as a whole.

Read more on Indianapolis Business Journal

Challenger Climbs Most Since May After Lifting Profit Forecast
Feb. 22 (Bloomberg) — Challenger Financial Services Group climbed the most in nine months in Sydney trading after the Australian investment manager returned to profit and lifted the earnings forecast at its life insurance unit.

Read more on Bloomberg

American National Insurance swings to 4Q profit
American National Insurance Co. said Friday it earned $35 million in the fourth quarter, reversing a year-ago loss when the company took write-downs for investments and catastrophic losses in its property and casualty business.

Read more on AP via Yahoo! Finance

Insurance agent enters race for council seat
Denton insurance agent James King filed on Friday to run for the Denton City Council seat being vacated by Joe Mulroy.

Read more on Denton Record-Chronicle

How does one become an insurance agent?

Feb 162010
 


I live in Louisiana. I see the website of the State and found that the producers of insurance (I assume this is an agent) I need to take some courses, and then to pass the exams for entry. I watched my neighborhood types of information, some are from (like New York Life) for certain companies. If I were a type of society, the Department of Energy meant I had to sell their policies, or simply get in touch with my other companies. Also, as you can with the insurance industry to sell their policies to get in touch?

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