Clarification on Pre-Hippa Process

Jan 082011
 

I am about to send the pre-hippa letters for three different accounts (same service).

 

1. The one shows as Account information disputed by consumer (I am not sure at what point I disputed this, maybe when I was talking to the CA)

 

2. The second one I paid to the CA but need to have it deleted (does not shown paid yet).  Have not Verified yet

 

3. The other still shows past due.

 

I am willing to pay them so I can fix my credit score.  Eventhough I should not becasue those were tests i did not approve

 

My question is: Will the Pre-hippa process work for the three accounts or have i ruined my chance with the first two.  And if so what should I do?

 

Thank you,

Palisades Collections- Complaint filed with Texas AG and BBB

Mar 112010
 

Ok so I decided to finally stop sitting back whining about this dang judgement and do something about it. I filed complaints with both agencies listed above. At this point I have nothing to lose. I feel as though they did me dirty ( I was never served ) and I have the chance to do something about it. Will keep you posted.

 

PENFED (any chance)

Mar 042010
 

I’ve read lots of goodies in this forum abt Penfed esp. gas rebates, low apr, etc but jst afraid to try with them. I got bk in 07 disch. & have slowly rebuilt my cs now @ 660/ 690 both FICO, any advice would be appreciated. Thnks.

Citi Secured – Denied – is there still a chance?

Mar 022010
 

I stumbled across this site last week and spent most of the weekend reading posts, some of the sticky threads and gaining a wealth of knowledge I wish I had just a few weeks, months and even years ago.

 

I paid off all of my debt starting in November and finished up with my last payment to Bank of America last month. I (foolish) applied for a Citi secured Mastercard before pulling an updated report to make sure everything was correct. And yes, I paid these off without doing a PFD – again, foolish, I know.

 

I just received the denial letter from Citi over the weekend and decided it was time to pull the trigger and pay for a year of score watch. The three accounts are all derogs and at the time that Citi looked I believe it showed the following:

 

Verizon – closed – $0 due

Bank of America – closed – $1159 due

Cap One – closed – $569 due

 

The more recent report shows a $0 balance with BoA and I was promised a letter from NCO stating that I the Cap One account is closed with $0 balance. I have already written GW letters to all 3 companies asking them to remove the late payments but my question is about the Citi application. I faxed them an updated statement from BoA showing $0 due and sent them the letter I received from ALW Sourcing (part of NCO whom Cap One sent me to for collections) stating that if they got a payment of $8xx.xx it would settle the account in full along with a bank statement showing where that exact payment cleared my bank back in November.

 

Do I have a snowballs chance in getting the card with Citi? I am a member of a credit union but they turned me down a few months back (right before I got serious with tackling my debt) and they advised that I didn’t re-apply until I had at least SOME recent positive credit.

charge-off/collection – difference?

Feb 252010
 

I have one charge-off on my CR from ’07 which is still owned by the OC, it is not being reported by any CA. I keep reading about people paying collections and it lowering their score, will this also be the case with a charge-off? I want to pay this, I have tried sending PFDs but I just keep getting the same response from them- NO they don’t do that. I don’t want to take the chance of this being reported by a CA but I want to be prepared if it’s going to lower my score. I’m hoping once I pay maybe they’ll go for a GW even if they won’t PFD.

I was recently laid off and have a chance to go into mortgages or insurance sales any suggestions?

Feb 232010
 

I was a mortgage loan officer for about 2 years but am possibly looking to start fresh within the insurance industry. Any insight is greatly appreciated.

Fed May Take Chance Ending Debt Purchases Won’t Hurt Housing

Jan 272010
 

Fed May Take Chance Ending Debt Purchases Won’t Hurt Housing
Jan. 27 (Bloomberg) — The Federal Reserve may take a chance the housing market can stage a comeback without its support by announcing today it will stick to the plan to end a $1.25 trillion program of mortgage-debt purchases in March.

Read more on Bloomberg