Message Edited by Surey on 04-28-2010 12:39 PM

 

For those who have or are rebuilding, I’d love to get your advice, please, on which way to go. I’ve read through various posts and familiarized myself with various methods of rebuilding but still feel overwhelmed.

 

I currently have 6 baddies on my report which I’m trying to resolve. These are from TU.

 

My goal is to rebuild so I can eventually get another car if I need to finance from a non-BHPH lot (I’d prefer to pay cash but live in an area where private party autos get snapped up like crazy so I need a Plan B; in the meantime I’m driving a very, very basic car which runs but won’t last forever) and perhaps one day buy my 1st house. The baddies are the result of a time of unemployment (no unemployment pay – wasn’t fired, long story) followed by my then-limited salary keeping the roof over the head of two people.  For a time I was able to make my monthly payment arrangements, however things changed and I fell behind again. 

 

I do not want to file for BK and was told I now make too much $ anyway.

 

By the time I was able to get a decent salary, my creditors were not willing to talk to me. Suffice it to say, 2009 was not my year. :smileysurprised:

 

Unfortunately, I don’t have the funds to PIF. I might be able to do a settlement but it would be waaay less than the original balance if the OCs would like it in one lump sum and I could only pay one at a time.

 

I also don’t want to awaken the sleeping giant if time is what will help my score get back up. 

 

• BofA CC – C/O. Bal: $5,365.00. Listed as “closed by consumer” though this is not accurate. In order for me to make payment arrangements on my past-due balance, they forced me to close the card. Date est to drop off: 3/2016. Currently have been contacted by one CA for payment but I’m on my 2nd round of DV with them because they still haven’t proved I owe them.  The CA has not reported to any three of the bureaus.

• Bethpage FCU (Credit Union line of credit) – C/O. Bal: $4,933.00. Listed as “profit and loss writeoff“. Date est to drop off: 6/2016.Was contacted by one CA, have not heard from them since I sent a DV letter.

• Citibank CC – C/O. Bal: $8,703.00. Listed as “closed by credit grantor“. Is the same situation as BofA. Date est to drop off: 1/2014.  Currently am battling with a CA law office who has filed a suit in court claiming to represent Citibank. I am working on getting the suit dismissed because Citi no longer owns it.

• Discover CC – C/O. Bal: $6,757.00. Is the same as BofA & Citibank. Date est to drop off: 10/2015. Was contacted by a CA, they disappeared after the DV letter was received.

• Meriwest CU – Repo. Bal: $10,762.00. Date est to drop off: 4/2016. This is currently in litigation and has turned into a class-action lawsuit.  My lawyer estimates it will take about a year to clear this up and remove the mark from my credit report which means around December of this year.

• West Asset Mgmt – Collection (this was an old ER bill that I’ve been paying down, albeit slowly with everything else going on). Bal: $200.00. Date est to drop off: 2/2015.  Since I still have access to pay this down online, was wondering if it’s worth it to go through the HIPAA process or just send a note to the ER who is the OC.

 

Any Ideas why

 

My Accounts:

• 8 good tradelines – (i) car – one payment left til payoff (ii) CC – 10% balance (iii) CC – 0 – 3% balance (iv) 2 CD loans (v) 3 personal loans — never late on any of these accounts
• ok tradeline – havent been late in over a year – llast late 2/2009
• 2 settled paid collections – paid off 02/2010
• 3 collection deletions – deleted late 2/2010 & early 3/2010
• 3 collections remaining – sent DVs and PFD

 

what do i need to do…i want to buy a home before the tax credit expires.

NATIONAL CREDIT SYSTEM

Current Closed

     

  Account Name NATIONAL CREDIT SYSTEM    

Account # 116XXXX  

  Account Type Collection Department / Agency / Attorney  

  Balance      

Date Opened 1/1/2006

 

So, just wondering exactly what current closed means. It usd to be a collection and I guess still may be. Its paid as of 8/08.

Thanks

• what does current closed mean on credit report
• what does current closed mean
• current closed
• freecreditreport closed
• what does current closed on credit report mean
• what is a Current Closed collection

Only CA assigned shows. And no, I’m still within the 7.5 years of DOFD

 

Very weird….

 

After years of ignoring my credit that i messed up when I was younger, I got up enough guts to pull my CR (especially after I keep getting denied apartments and am living in someone’s basement)

 

It’s pretty bad but most of the stuff is disappearing at this point.

  

I do have a couple of questions I hope someone can answer:

 

1. If I now live in Tennessee (previously Florida), where I believe I read that CA must be bonded to collect –  How do I deal with the CA if they are unable to do business with me? Can they be taken of my CR?

 

2. Some of the items on my CR, I cannot figure out. Sometimes some (unknown to me) CA-sounding name is also listed as the OC (with no contact info). Do I dispute this with CRA and find out what it’s all about? 

 

3. A lot of my debts say “this account is scheduled to continue on record unti xx/2010″. Does that mean they will totally disappear from my CR? Some that I have from 2003 do not have “Status Details” with a date and just say “closed”. Will these fall off?

 

 

Thank you.

This forum is excellent!

 

 

 

 

 

Debt                        C/L                  Balance      APR% 

Dillards                   $100.00             $78.55      27.24%

Discover                  $300.00           $712.87      29.99%

Best Buy                 $320.00          $738.52      29.99%

Credit One               $200.00          $398.04      23%

JC Penney’s             $100.00           $87.94      24%

Kay Jewelers       we closed           $553.69     21%

Macy’s                  $100.00            $146.14     24.50%

Orchard                 $300.00            $762.27     29.99%

 

I have around $1600 to put towards this right now….

Thanks in advance for any input….

Trying to get paid off or at least down so hubby can start looking for another vehicle soon

 

Thanks

 

Unlimited credit report from Equifax

Easier Disputes

3 in 1 report, but you can get your report for  all 3 free annually at http://www.annualcreditreport.com/ (Report only, no score)

 

Other FREEbies:

Experian: http://www.quizzle.com/

Transunion: http://www.creditkarma.com/ (Summary only, no report).