NCO Disappears From Report

Oct 082010
 

My very first post..recently I decided it was time to try to clean up my credit…finally had some extra cash and reached out to NCO to see about paying these medical bills off.  Well, this was before reading all of the helpful information about getting something in writing before paying or agreeing to anything.  So back around the beginning of September, I paid off 3 separate collections from NCO (all small amounts – $75, $55, and $75).  When I first pulled my report it was showing “Paid Collection.”  At that time myFICO EQ was 5866  (I know it sucks, right?).  I pulled another myFICO EQ and it went up to 628 (as of Sept 27).  I was curious to see why, and by looking at my report, it doesn’t show any of the NCO collections.  It also doesn’t appear on my TU or EX reports as well.  When I pulled TU back on Sept 28, NCO was there, but no longer when I checked on Oct. 5.  I received EX in mail and as of Sept 27, no NCO.  I didn’t ask them to delete, but is this really possible?  I am hoping that this is not a clerical error that will come back to bite me later.  Anyway I am truly grateful and just working on paying down my CC now.  I am at 52% utilization and hope to get down to below 10% by the beginning of the new year. 

 

 

Starting Score: EQ 566 (09/08/2010) TU 599 (09/28/2010)

Current Score: EQ 628 (09/27/2010) TU 609 (10/05/2010)

Goal:  Make 700 Club!

First Premier – If they won’t PFD, should I still PIF?

Aug 282010
 

I’ve been reading everyone’s posts about how difficult First Premier is to deal with.  I am trying to get my score to a 680 in order to purchase a new car.  I did the FICO Score simulator and based on my current score, it says my score would increase 30-50 points just by paying off the $770 past due balance that First Premier is reporting. 

 

I understand that it takes time to repair credit.  And I have come a long way.  I am just curious as to opinions on actually trying to wait of First Premier to respond to a PFD.  They still own the debt, but it has been assigned to a CA.  The CA is not reporting.  I was thinking about just paying the balance in full and then trying to GW afterwards since it seems that First Premier is so difficult. 

 

Any thoughts?

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Fastest Way To Rebuild Credit?

Jun 232010
 

My current score is 550. We have about 5k in debt that we can settle to about 2k. Will paying all this off increase our score? Our should I use the money to get secured cards? And is it possible to put more than one name on a secured card so it effects both of our credit so we don’t have to pay 2 deposits? What are other fast ways to boost your score quickly?

 

We don’t have enough income to make more than $50 payments monthly. I’m getting 2k in school money and was going to use it for a new computer and pay some bills and get our car a tune up and blow the rest. I was going to wait for our tax return of about 8k to pay all our debt off plus a repo.

 

I also wondered what’s the lowest you can settle a debt for and if anyone has any good letters for that if you know you have the debt.

Success and then another baddie

Apr 242010
 

Hi everyone

 

so I started rebuilding my credit in 2008 when I found this board, and I read a lot about other people’s situations and how the regulars helped them. Well then in the middle of rebuilding I lost my job and all hell broke loose. I put rebuilding on the back burner but now I am back with a vengeance. I want to buy a house end of this year. I did DV a couple of things and 3 came back verified and 4 were deleted. Let me tell you CA are some rude people, and they do not care even if you explain. So with the four that were deleted I had to call the OC and they looked up their records and sure enough all payments were made on time, and to think one of the collections was for a measily $22 from a radiology company. Well I have had some success but one CA Enhanced Recovery Solutions keeps sneaking back every few months when I DV and dispute with CRAs. My points have gone up a bit, but I need EXP and EQ to go up a bit. Here is my problem: I applied for the Cap 1 and Hooters card and was declined even though I told then that the baddies were deleted, well when I applied I did not know the baddies were there. Can I forward them my reports or should I let it go since I already have two inquiries on my reports. I have one card with Macy’s which they decreased the credit limit drastically, so I paid it in full and do not use it any more, and I love Macy’s but I am waiting for them to increase the credit before I buy anything with them anymore. So what should I do,  I am trying to get the other 3 deletd and I am waiting for the replies from the CEO; whom I wrote letters to. And 1st Premier CEO office called me back after  I left a message and they are looking into it, so I have my fingers crossed.

 

Starting Score(4/6/10): EQ: 556 — TU: 613– EX: 525
Current Score (4/21/10): EQ: 551 — TU: 629– EX: ???
Goal Score (12/31/10): EQ: 700 — TU: 700 – EX: 700

To all rebuilding just keep on the good work and never ever give up.

 

Which to pay first?

Mar 172010
 

I have 3 credit cards and one charge off on my credit and I’m wondering which to pay first to improve my credit score quickly.  I have to buy a new car in the next few months because mine is getting old and costing me more than it’s worth.

 

Card #1 – owe $230 at 9% interest

 

Card #2 – owe $235 at 9% interest

 

Card #3 – owe $561 at 11% interest (this card is closed)

 

Charge off – owe $521 (no interest, obviously).  This shows up under the “accounts” section of my credit report, not under collections.  The description is “charge off/bad debt” and they ARE reporting my current balance and payments

 

 

My current score with Equifax is 679.  I’ve done the FICO Score Simulator with the credit card debt, but I haven’t been able to find any advice/information on what paying off a charge off will eventually do to your score.  I know in the short term it could hurt me, but will I be able to recover in 4 months, which  is when I plan to buy a car.   So right now, I am making payments on all accounts and have been current on all accounts since September 2007.  Should I put more towards the credit cards or the charge off?

 

 THANKS for any knowledge you can impart!

Need Advice: Call or Write

Mar 162010
 

Hello All,

 

I need some advice on how to proceed with  contacting two Creditors about deleting some 30 days & 60 Day late pays from my CR( all of which happened in Oct & Aug 09).  I want to apply for a mortgage in the next few months.  I’ve had some credit issues in the past obviously and I’m desperately trying to get to 620 in order to apply for a mortgage.  My current score is EQ:560.  I also will need to pay down some of my credit cards in order to increase my score.  This won’t be a problem to do within the next 60 days.

 

My question is should I call the creditors regarding getting a good will deletion or should I write them letters?  One of the creditors is Orchard Bank/HSBC and the other is my Student loan company.  What would you suggest?  Thanks in advance for your replies and advice.

 

AJ

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