A few questions on the DV process

Mar 072011
 

I’ve read about trying to DV your CAs, and I understand why it’s a valuable tool, but I’m wondering about the appropriate timing. If I understand correctly, I only have 30 days from the time I’m initially contacted by the CA. At least that’s what their letters seem to indicate.

Can you still DV years down the line? If you can’t, can you DV the CA if/when it’s sold or transferred to another CA? Can you use DV as a defense/response if you’re being sued? Should you DV as soon as possible or wait until the SOL runs?

I don’t dispute that the accounts are mine, and I hope to settle, but I’m eager to find any tools I can use to avoid being sued.

Thanks for your time.

First Premier Bank —reported as Charged Off

Oct 312010
 

Hi FICO Friends,

 

I am on the repair bandwagon and I have a baddie from First Premier Bank for $177.00. Any ideas on how I should approach them… I can pay the amount owed in full. Should I send them a letter and request that they remove the line in return for full payment?

Thanks!
NJoy

 

AU will help?

Mar 162010
 

My mom is trying to rebuild her credit post BR. I am thinking about adding her as an AU on one of my credit lines. It only has a $5k line, but it has never been paid late and has been open for 2.5 years. Will this help her? Will the CC decrease my line or otherwise negatively impact me if I add her (It’s US Bank).

 

 

Opening Credit Line

Mar 082010
 

I know there is no definitive answer to the question but I am wondering, at what FICO score’s do people start getting large Credit Lines? My FICO’s are 658, 654, and 641. I havent applied for any new credit cards as I am waiting for my mortgage to be appreoved but the 3 cards I have now are all starter cards. $450, $420, and $275 credit lines. and a $1000 CL from fingerhut. My last W-2 showed 71K as my pay for the year. Any ideas?

Same-sex couples line up as D.C. gay marriage law takes effect

Mar 042010
 

Obama proclaims “time to make a decision” on health care, but challenges lie ahead
If this were a horse race, iconic racing announcer Dave Johnson would be gearing up to deliver his signature call, “And down the stretch they come.”

Read more on The Newsroom via Yahoo! News

AccuQuote Reveals Common Life Insurance Mistakes
AccuQuote, a leader in providing term life insurance quotes to people across the United States, reveals common life insurance mistakes. The multi-carrier life insurance brokerage firm encourages consumers to learn what not to do when making a decision that will affect their family’s financial future. (PRWeb Mar 1, 2010) Read the full story at http://www.prweb.com/releases/2010/03 …

Read more on PRWeb

Business books: Making insurance work for you
“Delay, Deny, Defend: Why Insurance Companies Don’t Pay Claims And What You Can Do About It”

Read more on Fort Worth Star-Telegram

Same-sex couples line up as D.C. gay marriage law takes effect
Sitting at a desk in the marriage bureau of the D.C. Superior Court on Wednesday morning, Angelisa Young’s eyes filled with so many tears, she eventually buried her face in her fiancee’s chest.

Read more on Washington Post

BestBuy reduced credit line, but raised it last month

Feb 242010
 

I was at 2800, had it raised to 3605. Then on the 22nd it was lowered to 2025, called up and said they couldn’t offer me more. I auto-pay 500 a month to the card to pay off a large purchase + I normally charge 100-300 a month on it. (Never pay any interest). I just paid off all of my Bank of America cards, so hopefully after that reports, I can call up and try to get them to raise the line back up.

 

Any other credit issuers lower creditlines for the 22nd?

Should I take out a home-equity line of credit to pay down my mortgage to eliminate PMI?

Feb 202010
 


My husband and I are currently paying PMI (Private Mortgage Insurance) on our mortgage. (We have no second mortgages. ) I know we need twenty percent equity in order to eliminate PMI, but I don’t think we’re quite there. Is taking out a home-equity line of credit to pay down the mortage a good idea? I know that we’d then have two loans to pay, but the PMI would be eliminate and all of our payments (minus the interest) would be going toward the loan rather that insurance. Is it possible to get a home-equity line of credit for 6%?

California Draws State Line At Health Care Insurance

Jan 252010
 

California Draws State Line At Health Care Insurance
As Congress works out differences in the House and Senate health care bills, one particular proposal is drawing fire from the California delegation. The bills would allow insurers to sell some policies across state lines for the first time, and critics contend that could weaken consumer protection laws in states like California that aggressively regulate the insurance industry.

Read more on NPR