Question about verification

Jul 262010
 

I sent a PFD request to a CA, because the CA placed a collection on my CR.  The CA responded in writing as if it were a validation request.  The writing contained the OC, a file number, amount and that it was applied by the health insurance carrier as a deductible (doesn’t sound right, but that part seems irrelevant).  The letter concludes that a copy of the explanation of benefits from the OC was requested and when it is received, the CA will forward it to me.

 

Since then I contacted the CA with regard to the PFD request and he seems to be dragging his feet.  Although he won’t conclusively refuse to sign the PFD, I do not expect him to at this point.

 

My question relates to the verification request.  Since the CA took it as a validation request originally, is he still required to provide validation within a specific period of time (30 days IIRC)?  Does the original letter contain the requisite information?  And, If not, can I have this removed from my CR if he fails to validate? 

 

I received this letter on July 13.

 

Any input is appreciated.  Thanks in advance.

I Need a Plan

Mar 162010
 

           Hi, okay so I am in the process of cleaning up my credit and raising my score which is between 520-546 to a goal of 650+ so that I can purchase a home within the next year, but I really don’t know where to begin. I really need some help figuring out the best and most beneficial method to clearing up my credit and seeing a score increase as well, my over all debt is pretty low, close to 3500 in all, any advice would be much appreciated. so for some background, I have 5 collections, 1 settled, 2 PIF, and 2 I still need to pay. I also have 3 CC’s, 2 CO and 1 secured in good standing wit one 30 day late I am going to try to GW off. I settled 1 CC to reflect paid, and the other one I have not dealt with yet because I’m not sure what to do.  I am in the process of trying to GW  the 3 paid collections to get them deleted, and here is where I need guidance. I don’t know if I should PFD the 2 remaining collections first or should I save up to PIF the CO CC, and if I PIF should I PFD, because that card is my oldest card on record making my AAoA 5yrs. I am worried if I PFD on that card and they agree to delete it will actually hurt my score by lowering my AAoA. The card is currently hurting my credit score because it is at its highest limit making my utilization about 110%, so I know I need to pay it to lower my CC UTL, my questions is should I just pay it to reflect paid 0 balance and keep all the negatives or should I forget about the AAoA and just do a PFD, which would have a better impact on my increasing my score? I just need a plan of attack because I am afraid of making a wrong move, Im sorry if it got a little confusing if you need further explanation just let me no and Thanks.

 

 

Score watch increase

Mar 102010
 

Just got notification my score raised 7 points to 661. Wish it told me exactly why it went up. this is the explanation it gives me:

 

 

 

 

Your FICO® score has gone up to 661 on March 10, 2010.  Interest rate alert: Your new score of 661 may qualify you for an interest rate of 5.207%.
Rate as of March 10, 2010 for a 30 year mortgage. See interest rates for all FICO® scores.
Your FICO score may have gone up because the following 4 factors are not hurting your FICO score as much as before:

  • You have a public record or collection in addition to a serious delinquency on your credit report.
  • You have multiple accounts showing missed payments or derogatory descriptions.
  • You have a short credit history.
  • You have a consumer finance account on your credit report.