CA in Denver – Machol & Johannes

Mar 102011
 

Chase charged off my debt and CA Machol & Johannes came after me, backed me into a corner and coerced me to agree to a monthly payment of $100 for 85 months. OC is reporting the charge off to the bureaus and Machol and Johannes is not reporting that I am making monthly payments (so far $900 has been paid, each month on time). I thought this would help my credit, but it has not.

 

What can I do?

Will it help?

Sep 022010
 

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. Both accounts get reported on the credit bureaus as revolving. Is there any chance to ask the creditor to report those as installments since they are being paid in fixed payments each month and the credit lines have been closed? If so, will I see improvements in my credit score and report? Thanks.

Sallie Mae questio

Jul 222010
 

I have a Sallie Mae currently with $40k.  It was $44k and I’ve made $500/month payments for three years.  I think it’s supposed to be paid off in 2020 but in that case I need to see some serious principal reduction.  Talking to the CSRs from India is not exactly a confidence-building exercise.  Does anyone know for sure whether the interest is all front loaded and then after 5-6 years of paying almost all of each month’s payment goes to principal?  Or will I be paying beyonf 2020?

Related Blogs

Strategy for CA who is updating monthly?

Jul 062010
 

So I never realized that this CA is updating monthly and I’ve been trying to work on a PFD with them for about a year now.   This must explain why my TU is so much lower.   Should I just continuee to try and PFD, or since they update at the beginning of each month, send them a DV about mid month and see if they update before they respond and try to use a potential (albeit shaky) FDCPA violation as a negotiating tool?    I’m infuriated that a CA can update each month and continue to make a collection appear brand new.   I’ve read in a few places that since this is not revolving or installment debt that they cannot do this but I’m not sure if that is accurate.  Any opinions are appreciated.

what looks better?

Jun 012010
 

I have a number of student loans out, and Im wondering if it would look better credit wise if I make payments each month ( pay a little more than required) or work like a maniac to pay it all off within a year?  Everything seems to be awful except my length of credit history.

How do I rebuild my credit

May 072010
 

I have a score of 520 & need a 620 to buy a home . The biggest thing on my credit is back child support  $17,000 it started at $10,000 , I pay child support each month & $50.00 towards back time but it goes up %10 on the balance each month which is $170.00 each month and I think I also have about 5 collection totaling about $1,000 . I just bought two CD’s for $1500 and got a loan on them and a $500 secured credit card , what else can I do ? 

Foreclosure not posting to my credit report

Apr 262010
 

My home was foreclosed on Feb of 2009. My lender is still posting 120+ days late each month, and the mortgage balance is still showing up. Should I dispute this and clear it up (has it listed as foreclosure) or will this further damage my score. It seems a constant monthly stream of 120+lates on a mortgage is not good. thank you,

John in NYC

Credit Counseling… who to use?

Apr 122010
 

I’m wondering who has GOOD experiences with credit counseling and who they used?

I once knew someone that was in credit counseling and the company was paying ALL there credit cards 30 days late each month, this is what I’m trying to avoid.

Who is legit, and actually works towards that goal of being debt free??

 

I do not want debt settlement, I’m looking to pay everything in full with less interest and preserve the credit score as much as possible

Need help with dispute badly

Mar 182010
 

I just recently checked my credit reports and found a negative account…a school tuition bill which I was paying as much as I could for, but obviously not enough each month so they wouldn’t reported it on my credit which in turn hurt my scores really bad… In an Instance like this should I do a pay in full letter or validate letter?

i’m try to qualify for a mortgage and this has hurt my credit really bad..

Capital One reporting to TU

Feb 102010
 

I checked my three reports today and noticed that my new balance from Capital One had updated on Experian and Equifax, but on TransUnion.  I understand that they usually report on the statement date (mine being the 2nd of each month), so if I still don’t see the new balance updated on TransUnion, should I contact them or Capital One?  Has anyone heard of TU not showing up for a while? 

 

Your help is greatly appreciated!

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