Settlement.. I’m SO proud of myself! *need a little help*

Mar 082011
 

I was contacted this morning about a debt owed of 3k. They were willing to settle for $1200. Normally I would have jumped on this settlement, but my readings on the boards have taught me to negotiate!

 

I told her that my counter offer was to either:

 

1 – accept the settlement and set up a payment plan to have this reported as settled in full ( I don’t want to take this option)

2 – accept the settlement and pay it all in full to have this deleted or reported as paid in full

 

She said she’s never done this before, but would check with her manager and call me back! I will keep you updated.

Any other ideas on counter offers???

Judgment back on CR, this time not mine.

Nov 292010
 

So I am kindof just venting, but this sucks!! I had a judgment on my credit report. Long story short, I got it vacated and sent the CRA’s a coopy of the document and they removed it. I was very happy becuase it was suppose to stay on till 12/12. Now… there is another judgment on my CR, but this is not mine. The docket number is 14067 and mine before that was removed was 14087. Just one single digit off! Someone messed something up!

 

The weird thing is that the information listed is the same as my old one. I acyually looked up the docket number and sure enough it is in the name of someone else, but the same defendant and lawyer was used. I disputed this with the CRA’s as not mine, and it came back verified somehow. I don’t know why when it is not mine! They prolly think it is my old one they are seeing. I printed out the public form online and mailed them a dispute again. Transunion verified, EQ is removed, and stil waiting on EX.

 

We shall see what happens with EX, but what should I do with Transunion? I am thinking I should sent a MOV so I can find out who is suppling them the information so I can contact them to get it removed. Any other ideas on what I can do? This is clearly not mine, and they are not investigating it well. It should clearly show another person’s name for that docket number. AHH!!

stuck in a rut

Sep 252010
 

Hi, I am new to the board. I was thinking about contacting a credit repair specialist but stumbled accross this forum and wanted to see if anyone had some ideas for me.I am planning on buying a house in FEB(5 months) and I am trying to get my score as high as possible before then. My score was climbing nicely then a few months ago it stopped at 666 and hasn’t moved. Here are the detailes:

 

Banckruptcy: discharged 2 years ago AUG(no late payments since)

Forclosure: JAN 2008(will be 3 years old by FEB)

3 installment accounts(only owe a couple hundred on 2 of them, $8,000 on car loan)

1 credit card($4,500 limit, always stay under 30%, usually at 0 balance)

 

Should I pay off the 2 installment accounts now or drag them out until after I apply for a mortgage? Should I apply for another CC or is it too late? Does anyone have any other ideas?

 

Any input would be greatly appreciated, Thank you.

 

Jake

Collections removed question and Other advice

Aug 262010
 

I am trying to work hard on my credit for a home loan. Here is the deal. Current scores are 600(TU), 593(EXP), 571(EQ). I need a median of 620 for home loan. I have five collections listed below. I have GW all but have got 3 back saying they will delete them. What kind of increase should I expect. I know a lot depends on other credit so I have also listed them below. Also any other ideas would be fantastic. I have until March 2011. I also have SW. Thank You!!!!

 

Collections     High       Balance   Date Open      Date Rep.

Report Inc         144           0             8/09                    3/10

Report Inc           36            0             8/09                    3/10

Opt Rec              101          0              6/09                    5/10        Will be removed in 9/10

Opt Rec              479          0              6/09                     5/10       Will be removed in 9/10

Opt Rec               9              0               7/09                  10/09       Will be removed in 9/10

 

Baddies

HSBC/ TAX        575         575            1/07                PFD  DENIED

Reg. Accept.      7424       3924          9/02          DOLA 12/03   REPO CHARGE OFF

Ford Motor         8608        0                 3/02          DOLA 1/08    30 (30 day) late payments. Divorce but in my name. Didnt know until to late. Tried GW but no go!!

MCM                     805         893            2/07

 

Good   

Car loan             12229      9756

Car loan             11627      9244

Student Loan     13332      7542           this is totals from 6 accounts

fingerhut              100           0                  NEW ACCOUNT

Exxon                     200          55                NEW ACCOUNT

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how to mend from my recent BK

Aug 072010
 

Hi,

 

Brief history – prior to my BK, I had good credit history.  My BK discharged 8-2-10.  I currently keep good standing with my car note, 2 cc, and student loans.

 

Score – equifax 600

 

My thoughts on improving the score, get credit cards with the idea of using and paying…is this the best way to improve my scores?

 

Any ideas on what credit card companies I should apply to? or any other ideas on boosting the score?

 

thank you

 

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Old collections account removed from report – now what?

Aug 062010
 

These forums really are a great resource and thanks in advance for taking a look at this! :)

 

 

Background:

 

I was in over my head financially about 5-6 years ago (8 years perfect credit before then) and got behind in all of my bills. I was getting inundated with phone calls and letters. Slowly but surely I paid many bills (tens of thousands of dollars) and have done my best to clean up my CR. There was one account from a CA that I didn’t look familiar (the amount was $18k). I never remember owing that much money on any CC. Long story short, after a lengthy dispute process including letters, CRA disputes, FTC complaint, Attorney General complaint and several letters from my lawyer they finally removed the TL from my CR. Here’s the kicker: The state attorney general got in touch with them they agreed to remove the item, but also sent copies of old statements and some paperwork showing the transfer of account from the OC to the CA. The account does look very familiar now.

 

-The OC has never put this on my CR (why I have no idea – but that’s what was very confusing at first)

-The DOFD is mid/late 2004.

-The account is past SOL in my state.

-I never spoke to anyone on the phone, all communication done in writing.

-I never made any payment to them.

-The last amount on the OC bill was somewhere like $9k, and the CA says the acct is now $26k (they are charging 30% interest)

-The CA said in their last letter that they wanted me to contact the office to settle the account with them.

-My lawyer is looking into this now but he’s not sure how to handle this just yet.

 

I know just b/c this is not longer on my CR doesn’t mean it’s going away. These guys have been very difficult to deal with and in all honesty I don’t really want to give them any money, but I know settling it will put it to rest so it doesn’t pop up later.

 

-Is the account considered validated now?

-Just in personal opinion, what’s a reasonable amount to settle for?

-If I settle can’t they restart the SOL clock and possibly sue me? And even throw this back on my CR?

-Should I even try to get in touch with the OC and settle with them? Or is that way too late?

-With an account this old, would they just peddle it to another CA? Or would they be willing to take a few bucks rather than nothing?

-If I settle, is there any way not to be charged tax on the difference in what they say I owe and the settlement? (I don’t wanted to have to report $20k income [1099c] when I never owed that much)

-Any other ideas/suggestions for dealing with this? What are my options?

 

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Collections GW success

Jul 312010
 

I started writing gw letters 4 months ago for four collections and two accounts that had late payments on them.  The four collection accounts were with ER Solutions, R&R Recovery, AFNI, and Arrow Financial.  As of today, all of them are removed from my credit through these letters and now I wont have to worry about them bringing down my score.  I also tried to gw Capital One and HSBC with late payments.  So far I have only been able to get HSBC to remove the three lates and am still trying to get Capital One to do the same.  I also need to get my credit card utilization down to under 10% since that is still killing my score.

 

Thank you everyone for all the ideas and sample letters.

Why aren’t My Deletions Making my Scores Skyrocket

Mar 062010
 

I’ve noticed by reading the post in this forum that OPs scores are skyrocketing when there is a deletion.  I’ve had 3 in the past 2-3 weeks and my scores are turtleing along…..

 

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.

Message Edited by sugasears220 on 03-05-2010 10:03 PM
Message Edited by sugasears220 on 03-05-2010 10:04 PM

Need help deciding what to do

Feb 272010
 

Right now I have $3,289 in a subsidized student loan. In June I lose my job of 4 years and I plan to go to summer quarter at my university. They are doing a new pell grant starting this summer for only summer quarter. I think that will help and pay all of my tuition, but I will still have to pay for rent, insurance, wsg, electric, and gas. I will be moving close to my school so that I can walk to school. I am using my financial from this next quarter to pay for my car payment and cell through summer (coming out of separate account and will just leave the money in there). I also am saving up to move and all, especially since the rent here will be more expensive then close to the school. I live about 45 mins away. ANYWAYS, the point of this post is to see if I should take out an additional amount that will be subsidized. I will be going full time, with 2 of the classes being fast paced (6 weeks instead of 10 weeks). I am thinking of finding a part time job after the classes, but I am not sure if I will find one or not. So, should I take out an additional $3,600 to pay for my bills? What would you do??

 

Next question, when school starts in the Fall, I will be going full time again. My adviser told me I need to focus on setting myself apart when I graduate to employers especially since the economy isn’t that good. My bills mentioned above will be paid with financial aid, or maybe minus 100 or 200. I’m not sure yet, but that won’t include any household items I may need: paper towels, shampoo, etc.. I thought about joining the accounting club at my school and being an officer as well as volunteering in a leadership capacity (it has to be something that shows leadership). This will already take a lot of my time with going full time in upper level classes. I am working now and have no time for extracurricular activities. I thought about maybe working a couple hours a week. I work at a pizza place Fridays 10am-1pm. But who knows if I can find a job working little hours like that. I am wondering if I should take out a like 250 a quarter to off set this expenses. This would allow me to focus on school and getting my resume pretty without having to stress over money. I would have financial security.

 

These are my ideas. I just don’t want to spend a lot of time looking for a job when I could be working towards my career. I will be graduating with enough credits for the CPA exam in August 2011. My bosses who I nanny for, are moving to England for a year. They are very rich and said they could get me a job at one of their family members business. So I have a potential job offer. When I starting working I plan to pay off my loan. I will keep my expenses at a minimal. Say I have an extra $800, I will put $400 towards the loans, $300 towards saving an emergency fund, and $100 for myself to spend. I am trying to be financial responsible and I wonder what is the best thing I could do for myself and getting a job in the future. Please give me all your thoughts and ideas. Thank you for reading this! :smileyhappy:

Any Creative Marketing ideas for Auto/home insurance in California?

Jan 262010
 


I’ve always wanted for my insurance market, many new ideas. I have flyers, Internet advertising. What made you choose your insurance agent? What kinds of things are very important to you, (except the price)? What kind of promotions you might be interested?

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