eroneuos deliquent

Mar 182011
 

I have finally reached the proper authority in removing an eronues deliquent to one of my accounts from Sovereign bank.  According to the last CC report I pulled my last late was 3 months ago which I had just gotten removed.  My next last late prior to that was 1yr 6mnths ago.  So now instead of as recently of 3 months late my file should report 1 yr 6mnths late.  How much increase would you anticipate this would help my score?  Thanks…

An Excel spreadsheet I made to track student loan payoff progress

Feb 122011
 

I had  goal to pay my studnet loans off in 5 years.  The first question I had was if my goal was realistic, and I wanted a way to track my progress to see if I was on track, or behind, and how much.  I made a spreadsheet to track my progess, and I think some people in this community might find it usefull.

 

On page 1 it shows my payoff schedule.  If you key in the original amount, and the interest, the excel spreedsheet does just about everything else for you.  All you have to do is key in the payment.  What is nice about this way, you can test certain payment plans based on your needs.  In my case, I want my payment to go up 3 years from now, since I will no longer have a car payment.  This is somthing that online calculators just can not do.

 

On page 2 I have the scheduled payment listed, and you can key in your actual payment. 

Then the scheduled balance is listed, and you key in the actual balance from your student loans.  The information is automatically pulled from sheet 1, so it will tell you if you are behind or ahead, and by how much.  I have some subsidized loans right now, which the excel spreadsheed doesn’t know are subsidized, so I will really get ahead in the next 5 months.  There are some limitations to the spreadsheet.

Page 3

Lets you figure out your interest rate.  Key in the amount of the loan, and the interest rate, and it computes your average.  I also put a spot for interest rate tracking, so you can follow the changes in your interest rate.  If you are paying more than the minimum, and paying the extra towards your highest balance, then your interest rate will go down, so I though it would be cool to track.

 

Here are some screenshots:

http://img805.imageshack.us/img805/8830/page1v.png

http://img694.imageshack.us/img694/9154/page2oz.png

http://img690.imageshack.us/img690/9118/page3d.png

 

I don’t know where I can host an excel file from.  If somebody can tell me where, I can upload the file tonight, so people can look at it.  I made this file specifically for my use, so I know it has its limitations, but this community has helped me out a lot, so if I can help out on person, then its worth giving back to the community.  If people want to download the file (once I find out where to upload it), I can take suggestions, and modify it to help out more people.  I know step one is to add a few more years, as a lot of people may not be able to pay off their student loans that fast.  Hopefully this post made sense, and I’m not breaking any rules by trying to upload a file. 

 

 

Deleted Item Request

Jan 262011
 

Over the years I incurred several parking fines to one village. Each fine was reported and appeared on my credit file. I made arrangements with the creditor to settle the debt in full. I then mailed a letter  and included the following verbiage: 

 

I would appreciate if you co-ordinate with the credit bureaus and remove any negative entry related to this account. It will help me re-establish my credit rating.

 

I hope you’ll find the above terms acceptable. If it is so, please sign this letter of acceptance and return a copy to me. As soon as I receive this signed acknowledged agreement, I shall forward you the settlement amount (as stated above) through a money order.

 

In turn, I received a letter from the creditor with the agreed settlement amount and the creiditor stated that they would notify the creditors to update my file history.

I did not receive anything specifically stating that they would delete the file.  I paid the agreed amount and the entries are just listed as paid.

 

Is there any chance of having these entries deleted ayear later given the above situation?

2 equifax files

Jan 072011
 

ok so I file a dispute with equifax and all they do is place a security freeze on my file. I call in to ask why they would do such a thing and in the course of finding out what is up I also get informed I have 2 separate files that show different things. I can now not even check my reports. They keep claiming it will all be fixed in 3 days and is what I have been told every single day since 12/21/10. I am considering suing them because of this crap. What should I do?

DOFD vs Date Reported

Dec 172010
 

 

 

What is the difference between the DOFD vs Date Reported?  I have one final derog that should drop off March of 2011, but now I’m not too sure because of how it’s reporting.  All my CR’s, including FICO show it as “Date Reported – March 2004″.  Being that it is so close to (hopefully) dropping off, I don’t want to press my luck and send in a letter inquiring, thus updating the file and dropping my score.

 

Does anyone know if the DOFD and Date Reported are the same?

 

Thanks and Happy Holidays!!!  Be safe.

Credit Management LP need advise please

Dec 102010
 

Ok guys so I have a Brighthouse (cable) bill that was forwarded to Credit Management LP for collections.  I just spoke with Brighthouse and they stated they never sell the debt just contract it out.  My question is how do I go abuut paying them and getting it removed from my file from the CA?

Can a dispute backfire? Read for details

Dec 012010
 

I want to dispute a tradeline on my TU.  It’s the only CB with this tradeline and I want to try my luck at a dispute.  I think I might be able to get it deleted. 

 

My question is, IF the CA decides that it IS valid can they then look at my file and report on the other two CBs?

 

Please let me know because I literally have the dispute page up as we speak.

 

THANKS!!!!

Can I Believe This About a Bogus INQ?

Sep 052010
 

I applied to three different mortgage lenders, but ended up with four hard inquiries on my EQ report.  They are all listed under the names of various credit reporting services, but I’ve been in contact with all of them and I know which lender each was working for.  There are two inqs, on each of two consecutive days, from the service working on behalf of the lender with which I eventually closed the mortgage.  The second inq appears to be bogus: unauthorized, unrequested by the lender, and incorrectly coded.  It shows as “ND MR” — but is included in the hard section of my EQ report (“Inquiries that may impact your credit rating”), and it’s included in the total of four inqs shown near the top of the report.

I’ve contacted the lender, the credit service, and Equifax, and all three just keep pointing at the others, assuring me that only someone else can delete the duplicate inq.  The lender researched my file and claim they had no reason to pull a second report a day later, and they did not do so.  (I’m relying on this statement to substantiate that I am attempting to have inaccurate information deleted.)  The credit service says they only pull on the specific request of the lender.  And EQ insists they did receive this second inquiry, since otherwise it would not be in their file.  The EQ CSR even suggested that the lender’s loan processor may have submitted the inquiry erroneously and then was afraid to admit it.

The EQ rep also claimed the “ND MR” designation should prevent that second inq from being displayed in future inqs I might authorize, and that the total number of inqs at the top of the report is never disclosed to lenders.  But he could not explain why it’s included in the hard section at all, and said he could not change it.

So I’m posting this in hopes that someone can answer these questions —
–  Can I believe what the EQ rep said?
–  Has anyone seen a situation like this before?
–  What would be the best procedure to get the false duplicate inq deleted?

Thanks.

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