Old car loan..

Mar 042011
 

Had a car loan in that got repo’d around 07/05 and it’s due to fall next year.  They say I owe 3600 for the difference, and it’s with portfolio recovery.  Is this worth paying, or should I just wait about another year and let it roll off my reports?

vacatur of judgment Questions

Feb 272011
 

Has anyone had sucess with this? Not looking to “VACATE JUDGEMENT” which I understand is different. But Ive been scouring the forum and i can find a few mentions of vacatur of judgment, but not the process itself or how/where to start, have also googled it with not much better luck.

 

Please has anyone done this before? What happened with yours? How did you go about it?

 

The background on this is:

I have a CC Chargeoff Judgement from 2007. It is UNPAID. It needs to be paid regardless because of upcoming mortgage shopping (within the year).

 

What Im looking to do is a PFD, but from what i gather the Attorney that filed cannot take this off my credit report. Someone has to file something with the court. Im not looking to ask the court to” Vacate the Judgement”, I think im past the time frame to do that anyway, and i dont really have a reason (as i was propely served and the debt is mine, i just couldnt pay it at the time)

 

So thats where Im Foggy. What is the difference between asking to have a Judgement Vacated and a vacatur of judgment?

 

What do I ask for, and to whom.

 

ANY Clarification would be helpful – even just a point in the right direction.

THANKS!

Question about a autoloan about to fall off

Feb 062011
 

I have a Auto loan from NMAC from 2005 that i couldn’t afford and got repo’d in oct of 2005.  It says I owe 3600 from the difference i guess of the auction of the car.

 

Last time anything was reported was 2005, and it states collections.  Should I just let this thing fall off since it’s going away soon?

 

I

1 step forward, 10 steps back

Jan 272011
 

is there a way to know the difference between a soft and a hard pull on the experian report? I just saw that a CA pulled my report for a charge off (americredit) acct. I live in TX and I believe this debt is past SOL. opened 4/06 and i think it charged off in 7 or 8 of 2006. It is scheduled to remain on my report until 2/2013. Is the CA able to pull my credit if it is beyond SOL??

Credit Discrepancies

Jan 042011
 

Hi All,

 

As my info over <-----there states I'm a newbie. Please bear with me.

 

I pulled my scores from myFico today, and I’m really glad I did. I’ve learned quite a bit in the short time (read: all of one day) I’ve been reading and posting.

 

Anyway, back to my scores. They’re in my siggy, but right now I’m at 629 with TU and 667 with EQ. 

 

A 38 point difference? For real? UGGGGH!

 

So I comb through the reports page by page to see what’s different. On page 2 of the report they both have the following:

 

1. “You have a public record and a serious delinquency on your credit report.”  Yep, sure do. BK filed 4/09, discharged 7/09, lates before then because I became quite silly with my credit. I own that.

 

2. “You have multiple accounts showing missed payments or derogatory descriptions.” Yeeeeep. See above. 

 

Here’s where they differ:

 

#3 (TU) “You have a recent public record on your credit report.” I mean….didn’t I kinda already get dinged for that? BK discharged 18 months ago, though the little box under this area says “1 year 9 months ago.

 

#3 (EQ) says “You’ve made heavy use of your revolving credit.” I have one credit card post-bk; $700 limit; zero balance as of last week, both bureaus show it at $256, which was the balance I paid off. TU has this as their #4. 

 

It gets tricky, too, on length of my credit history. EQ dings me for it being too short (I’m at 16 years 4 months) and TU gives me points for having an “established credit history.”

 

Heeeeeelp! 

 

Why is this so?

 

Will the difference between $0 balance and $256 balance on a $700 limit really affect my score that much (when I used the score simulator it didn’t seem like it)?

 

Is there one score that lenders look at more than others (want to get approved for a FHA loan this summer)?

 

Thanks for any tips! :)

 

Equifax disputes…

Dec 282010
 

First thanks, especially to AndySoCal who has been very helpful. This has been so helpful, and myFICO is proving to be worth every penny. My scores have already gone up considerably, from a 606 to a 715 on TransUnion in just two months! But, Equifax just dipped from a 702 to a 670, and I’m looking for a little input, and wondering if I went overboard disputing with them.

 

So, first TU: they were my worst score. They 6 innaccurate accounts. Two collections I disputed online and they deleted. And, they had misreported 120 lates on 4 student loans from June/July of 2004, accounts that were at the time deferred, and I have since paid, rehabbed, closed. Under the terms of the defer agreement, Sallie Mae agreed to delete the lates. But TU was reporting them. I disputed with Sallie on the phone, and they said the would retract. But, they dragged their feet. So I disputed with TU, and bam, TU investigated and deleted the lates within two weeks.

 

Now to Equifax. They had not reported the lates on those same loans–until LAST WEEK! I saw my score drop from 702-681, so I got a free credit report–and here is what I found:

 

1) EQ is now reporting the 120-day lates. TU has removed. Experian never had them. So I disputed online with EQ, too. I am pretty sure they should come off if they properly investigate. Not sure how they suddenly appeared, though!

 

2). I am an authorized user on my wife’s citicard. It has a credit limit of $24,500. But that limit wasn’t reported, and it was listing my credit utilization as over 100%! So, I checked the “Please verify details” dispute box on the account, and added a comment that read simply “please note the correct credit limit of $24,500.” Was this a mistake on my end?

 

3)   And lastly, as I had written before, Chase was listing two 30-day late payments from late 2004 on a credit card they bought from another company. I know I was not paid late because I has an auto-deduct, this was a glitch when the the card company changed hands. I asked Chase to confirm and Chase said they had no records, but they would not delete. Standard. Now, I know these will come off soon, and aren’t likely killing my score. But, I hope to buy a home in 2011, and the difference is between a line listing two 30-day lates, vs. four 30-day lates over the last 7 years. TU and EX both have the correct info.   So I disputed.

 

I want accurate info, and I want my reports cleaned up. But this whole experience, while going reasonably well, has felt a little like dealing with organized crime. I’m nervous that disputing this stuff will just anger them! TU, I have to say did a nice job. responded quickly and favorably to the online requests. I have no idea what I’ll get out of EQ even though I am clearly, materially in the right on these counts.Meanwhile, the disputes have lowered my score to 670.

 

Any thoughts?

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