cras » Mortgage and Insurance

30 Day Late Reporting Question

Dec 022011

Hi everyone,

I have a question regarding 30 day lates. I have an installment loan that is reporting 30 Day Lates from 2008. I know for a fact, even confirmed with a CSR at the lender, that the payments were NOT 30 days late. The payments were late, but not anymore the 15-20 days.

Do they have the right to report this as a 30 day late?

I have the statements showing the dates of payments, can I dispute this with the CRAs?

byMark Lincoln

I am rebuilding my credit. I’ve paid off a ton of past medical bills but am now lacking a credit line. Since I am on disability, am I able to use the Crown Jewelers Credit Program? Will they check my credit report before making their decision? thanks
no….. i don’t have their cc… that’s y i’m asking
i’m trying to rebuild credit. Thanks Walt

December 2, 2011
Posted by jedwan at 11:26 am
3 Responses
Rebuilding Credit
cras, credit-report, crown jewelers, csr, disability, installment loan, Lincoln, medical-bills

How long do you think it will take for removal from credit reports?

Mar 122011

There was an old chargeoff on my Exp and Eq reports that was erroneous and outdated. I contacted the OC and they said, “You’re right. That is erroneous and outdated. Attached is a form for you with this updated info. Sorry about that. All four CRAs were notified today to remove this account from your credit reports.”

So my questions are: Do the CRAs update reports as information comes in, or do they update weekly or??? If they were all notified on 3/7, how long should it take before the item is removed?

It wasn’t showing on my TU, but it was on my Eq and Exp reports. They also report to Innovis, but I don’t even know what that is.

March 12, 2011
Posted by jedwan at 2:51 pm
No Responses
Rebuilding Credit
account, all-notified, before-the-item, chargeoff, cras, credit-reports, eq, old-chargeoff, questions, should-it-take, update-reports, updated

Disputes with CRAs

Mar 102011

I always see people here advise NOT to dispute matters directly with the CRAs. Can someone please explainÂ the reasoning for this advice so I can better understand?Â Also, usually the advice is accompanied by mention of the automated system the CRAs use… therefore, would it be better to dispute with the CRAs in writting via a letter?

Thanks!

March 10, 2011
Posted by jedwan at 8:37 pm
No Responses
Rebuilding Credit
Advice, always-see, automated, cras, dispute-matters, reasoning, someone-please, system-the-cras, the-automated, the-reasoning, use-therefore, usually-the-advice, writting-via

Dispute with Credit CRAs

Mar 062011

I have just read about the automated process the CRAs use with EOscar and the OCR computers. Is it reallyÂ more effective to handwrite your dispute letter instead of typing and printing it out?

Is it worth the time to write out?

March 6, 2011
Posted by admin at 8:01 pm
No Responses
Rebuilding Credit
automated, cras, dispute, dispute-letter, more-effective, printing-it-out, the-automated, time

Certified Mail – Return Receipt Requested necessary?

Feb 232011

I understand using this protection for debt collectors. But is this really necessary for dealing with the CRAs?

February 23, 2011
Posted by admin at 10:43 am
No Responses
Rebuilding Credit
cras, protection, really-necessary

Midland Credit Management SUCCESS (HOPEFULLY- Seeking Counsel to a few questions)

Feb 112011

Greetings Fico Community-

IÂ think I may have had success with an e-mail GW letter to Â Midland (PAID COLLECTION)Â by contacting the CEOÂ of their parent company!!!!! Thanks to months of snooping around the FICO forums!1:smileyhappy: (THANKS!!)

**Please PM meÂ for the e-mail contact**

Â Â

His reply was short and simple but I imagine that the “compliance department’ would be the one whom handle deletions from the CRAs.??

Below is his reply in a cut and paste:

Mr. F********,

I will forward to our Compliance team.Â I expect they will respond tomorrow.Â If you donâ€™t hear from them, let me know.

Best Regards,

(Name Removed for Security)

I originally contacted them in June 2010Â (with no response)Â regarding an old PAID collection which was still reporting as 9 baddies (Judgements and Collections!!!)Â b/w all the CRAs..Â When I received no reply, I recently re-fowarded the e-mail and asked politely for the contactÂ to advise.

I have also pestered Midland with numerous phone calls within the last few months. Getting shotdown with the typical ‘we don’t do deletions for paid or setteled accounts.. BLAH BLAH BLAH.

Keeping my fingers crossed for a deletion with my GW response!!!*********:smileytongue:

Questions posted below:

WillÂ re-post with the results, haveÂ any of you ahad a similar experience with Midland and their compliance department?
Does this mean I will receive the deletion request due to an actual response and the referral to compliance?
Will My FICO see a jump from having these baddies deleted? (I have read mixed results from having CA info removed)
Once the deletion is granted, how long will it take to hit my ScoreWatch Product and see the results on My FICO score?

Someone please advise on whether this has the makings of success!!.

Regards,

mrfulloluv

February 11, 2011
Posted by admin at 6:33 am
No Responses
Rebuilding Credit
actual-response, around-the-fico, baddies-deleted, compliance, cras, deletion, FICO, fingers-crossed, from-the-cras, greetings-fico, referral, results, scorewatch, security, watch-product

CRA disputes and GW letters.

Feb 112011

I recently disputed 2 negative TL’s with all three CRA. My Citi had 1 60 day and my Chase had 1 30 day and 1 60 day. Â The disputes are still pending however I called both Chase and Citi and both agreed to remove the negative notices. Should I cancel my disputes with the CRAs or just let them go through? Â I dont want to dispute something that they are agreeing to take care of and I’m nervous it’s going to mess everything up.

Advice please!

February 11, 2011
Posted by jedwan at 6:30 am
No Responses
Rebuilding Credit
chase, cra, cras, disputes, dont-want, mess-everything, negative, recently-disputed, remove-the-negative, still-pending

Old Collection Acct Not Reporting

Feb 032011

So I have a medical collection that is reporting on my CRAs. I contacted the CA this morning to negotiate a PFD and they agreed. However, they informed me that I have another medical collection account with them, but IT is NOT reporting to the CRAs. She says its back from 2000-2004. She informed me that it could possibly be reported to the CRAs after today because I’ve been notified of it. But, from my understanding, these accts have passed the SOL and they aren’t allowed to report them any longer, hence the reason they have not been reported in the past. And I’m in the Great State of Texas, so they are not allowed to send collections letters to me anyway.

Anyone have any insight on this?

Joy

February 3, 2011
Posted by jedwan at 9:20 pm
No Responses
Rebuilding Credit
after-today, been-notified, been-reported, cras, great-state, medical, morning, not-allowed, passed-the-sol, Reason, texas, understanding

LVNV Funding – Advice, please

Jan 052011

I had an account with Walmart that was COd back in 2004. It is well past the SOL in my state and will also be aging off of my report later this year. It was purchased — as a COd account — by LVNV.

LVNV was reporting to the CRAs as a Factoring Account and claiming that I was late on my monthly payments to them. I disputed with all three CRAs, as this was NOT a Factoring Account (it was a Collection Account) and I had no payment arrangement in place with them, as my agreement was with the OC, not them. The three CRAs all corrected this and my score improved dramatically.

I received a dunning letter from LVNV a couple of weeks ago. I was waiting until a weekÂ before the 30 day window to expire before sending either a DV or a Direct Dispute letter to them (CMRRR). But, a couple of days ago my TU report showed that LVNV has gone from being an Open CA to a Closed CA. It’s currently shown as closed on all three reports.

My question is this… I do not want to change the way that things are currently reporting. I’m not asking that the account be removed, only that it not be reporting as a Factoring Account and that I’m late on payments every month. If I DV them, will I awaken a sleeping dog? If I DON’T DV them, will they go back to reporting as they were originally? If I do respond, should I DV or Direct Dispute?

The account will age off later this year, but I don’t want my report to be “posioned” while I’m waiting for it to do so. Any advice would be greatly appreciated.

deal lvnv funding

January 5, 2011
Posted by admin at 6:39 pm
No Responses
Rebuilding Credit
Advice, all-corrected, couple of days, cras, currently-shown, dunning-letter, dv, expire-before, factoring, factoring-account, payment arrangement, payments-every, report, score, score-improved, sending-either, sol, Walmart, year

Credit Control Corp/Cox Communications Paid Collection HELP!

Dec 092010

Has anyone had success removing Credit Control Corp from their CRs??

My situation sucks. I had an old cable bill from Cox from 2007. Credit Control Corp of course listed it as TWO separate accounts on my CRs (one for cable and one for the bill).

I thought that if I paid Cox directly I could dispute with CCC and have them remove it. I was wrong. They are now showing up as paid. I sent GW letters to the higher ups at Cox and had the matter looked into for me. After several days of deliberation they declined to have the two entries removed.

I also tried to dispute with the CRAs and they all came back verified.

I am really bummed out. What should I do?

December 9, 2010
Posted by admin at 6:43 pm
No Responses
Rebuilding Credit
course-listed, cras, credit-control, higher, matter, really-bummed, several-days, the-matter, two-entries

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