Will it help?
I have two revolving accounts. One is a credit card and the other is a line of credit. Both accounts have been closed, and I made special agreements to pay them in a fixed amount monthly
Categories: Rebuilding Credit Tags: accounts-get, been-closed, credit, Credit Card, Credit Score, credit-lines, creditor, each-month, fixed-payments, made-special, the-credit
Revolving to installment on BoA
I have two Bank of America revolving accounts under my belt. One is a credit card and the other is a line of credit. Both accounts have been closed for more than a year, and I made special agreements to pay them.
Categories: Rebuilding Credit Tags: america, been-closed, belt, credit, Credit Card, Credit Score, credit-lines, fixed-payments, made-special, the-credit
Raise my score for FHA
I am a first time home buyer who is trying to raise my credit score in order to get an FHA loan. I have 4 unpaid collections that are more than 3 years old, I keep getting conflicting answers as to paying them off or leave them alone until after my loan goes through. I also have 2 options to be added as an authorized user on a credit card, until I can get my own card. 1 has 3k limit, is 4 years old and is maxed out.
Categories: Rebuilding Credit Tags: authorized-user, Cards, Credit Card, first-time, help-the-most, home-buyer, keep-getting, Loan, months-old, zero-balance
Whoo boy…
What a painful read that was tonight. Once upon a time, in a life not so long ago, I had a 720 credit score, a home on the river that I'd owned without missing a payment for 8 years. Of course, that was before I told my employer to restate their financial reports to the SEC and was summarily fired. I wish I could say that I had a grand time racking up credit card bills, and loans, but I did not. Relying on a 401k, stocks, and savings I thought I was managing my money well..
Categories: Rebuilding Credit Tags: Credit Card, Dreaded, employer, financial, first-premier, learn-the-best, life, money, river
Help With Building Credit
I'm new to credit building. I have a credit card w/300.00 limit. The card is only 3 months old.
Categories: Rebuilding Credit Tags: 620-middle, another-credit, collections, credit, Credit Card, credit-increase, money, need-at-least, secured, send-the-money, student, year
charge-off
i have a charge off on a credit card thats 2 yrs old, its still reporting, if i pay it would it drop my score or increase it
Categories: Rebuilding Credit Tags: Credit Card, its-still, score, score-or-increase, yrs-old
I canceled 2 credit cards, good move?
I know normally canceling a credit card is a bad idea, but the two I canceled where from 1st Savings and 1st Premier. First Savings and First Premier are rebuilder cards with a crazy anual fee and interest rate. They served their purpose after my bankruptcy but now I have two "normal" credit cards.
Categories: Rebuilding Credit Tags: bankruptcy, Credit Card, Current, current-cards, first-premier, first-savings, only-downside, purpose
My credit story
It has taken me over fifteen years, but I have finally rebuilt my credit to a "very good" rating. Part of that time I spent in ignorance, thinking my only option was to "wait it all out." I learned the hard way that that was a mistake - errors on my report and outright fraud perpetrated by collection agencies, "factoring companies", tricks and intimidation on the phone, re-aging accounts, lack of history and lack of good credit... you name it, all of it worked their magic at my (literal) expense.
Categories: Rebuilding Credit Tags: admittedly, closing-the-old, credit, Credit Card, finally-having, first-premier, netflix, phone, questions, report, understand-how, utilization
HSBC Account Confusion
I have an HSBC account being listed on my TU CR as in collection, while it's listed as paid satisfactorily on the other two. Info: TU: HSBC BANK #5440XXXXXXXX PO BOX 5253 CAROL STREAM , IL 60197 (800) 477-6000 Balance: $776 Date Updated: 06/2005 High Balance: $776 Credit Limit: $0 Past Due: > $66 Collection Account< Account Type: Revolving Account Responsibility: Individual Account Date Opened: 10/2003 Date Closed: 06/2005 Loan Type: Credit Card Remark: Account closed by credit grantor Estimated date that this item will be removed: 12/2011 Equifax: HOUSEHOLD CREDIT SERVICES PO Box 98706 Las Vegas, NV-891938706 (800) 477-6000 Account Number: 544045500473XXXX Current Status: PAYS AS AGREED Account Owner: Individual Account. High Credit: $812 Type of Account : Revolving Credit Limit: $300 Term Duration: Terms Frequency: Monthly (due every month) Date Opened: 10/2003 Balance: $0 Date Reported: 06/2008 Amount Past Due: Date of Last Payment: 11/2007 Actual Payment Amount: Scheduled Payment Amount: Date of Last Activity: 11/2007 Date Major Delinquency First Reported: Months Reviewed: 56 Creditor Classification: Activity Description: Paid and Closed Charge Off Amount: Deferred Payment Start Date: Balloon Payment Amount: Balloon Payment Date: Date Closed: 11/2005 Type of Loan: Credit Card Date of First Delinquency: N/A Comments: Account closed by credit grantor 81-Month Payment History Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2008 * * * * * 2007 * * * * * * * * 30 60 * * 2006 * * * * * * * * * * * * 2005 * * 30 60 90 120 120 120 * * * * 2004 * * * * * * * * * * * * 2003 * * * What can I do to get this corrected on my TU report? Do I need to dispute
Categories: Rebuilding Credit Tags: account-number, account-owner, actual-payment, amount-past, balloon-payment, closed, corrected, Credit Card, credit-grantor, listed-as-paid, month-payment, months-reviewed, payment
question on charge off account
Morning All...I'll try and explain this as best I can without causing a headache :) We have a GE account, which was settled back in March 2008. The balance of that was sold to LVNV. A few weeks ago, I disputed the LVNV as the settlement letter we rcvd back in 2008 from GE stated paid as agreed in full, no futher obligation on this matter. I also disputed the lates that GE had on the account (which by the way is listed as Bad debt/charge off) from April 2008 to December 2008 as there were no lates as the account was "paid in full". LVNV was deleted from the credit report and the results for the other were that GE sold and/or transferred the account no further activity. Score increased 8 points.
Categories: Rebuilding Credit Tags: account, Credit Card, from-the-credit, gentleman, help-the-score, listed-as-bad, lvnv, obligation, paid-as-agreed, second-question, settlement