So I had one Account in Collections for 500.00$ from an old card called Continental Finance that went to RPM and MainStreet Acquisitions. Man these people are Ruthless. Needless to say I settled the Account for 70% of what I owed. I had been making payments to them 50.00$/Month when the Original balance was 784.00. Finally I had enough Money to pay the account in full. RPM reported like clock work on my Credit Report. Now I need to wait for them to report my Settled-in-Full. Does anyone have an idea of how many points I should go up by? Right now Im sitting at 610 FICO for TU and 636 FICO for Equifax. TU has a lot of inquiries. Thanks for your help guys!
Mar 092011
Mar 042011
So I have been rebuilding my credit to puchase a car. Last month, I achevied that goal and bought my brand new 2011 Jetta with scores of TU 663, EQ 656 and EX 658 (EX score was accroding to the lender). My car loan just hit my reports and I decided to enroll in TU quarterly monitoring and my score jumped to 695! I hope that just gardening my cards and making payments will soon bring me into the 700 club :smileyhappy:
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Thanks to everyone here to helping me jump from low 500s to almost 700 in just over a year!
Jan 152011
I just paid off a charge off account I had with First Savings Credit Card. I had tried sending a goodwill letter to get them to delete the charge off if I paid in full. I also tried to negotiate with the rep I talked to on the phone to delete account or remove negatives. I am pretty new to this and am trying to get my credit cleaned up. Is there anything else I might try that I might not have thought of? This was a legitimate charge off. I ran into some medical bills and such and got behind. This account was charged off about a year ago but never went to a collection agency. I have been making payments for the last year and finally paid off today. Any thoughts or suggestions are greatly appreciated.
Jan 142011
I have a chaged off acct with JCP (10/2010), who has assigned the collection to Client Services Inc (who has not begun to report). JCP refuses to allow me to establish a repayment plan with them and keeps referring me to the CA. Can you please proof the below letter that I am looking to send to the CA .. thanks! I want to pay in full in hopes to GW JCP…
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To whom it may concern:
This letter is being sent with intent to set up an agreement for a repayment plan for my charged off JCP debt that has been assigned for collections by Client Services, Inc.
I agree to pay your company the amount of $2645.70, which is the current outstanding debt being reported by JCP, as full payment of this account, given that the following terms and conditions are met by both parties, Client Services Inc (Collection Agency assigned by JCP) and myself (debtor):
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-Debtor is required to make monthly payments of $100 on or before the last day of each month towards the full amount of $2645.70 until it is fulfilled.
-Collection Agency will not dicuss/report to any Credit Reporting Agencies nor any other third party organization (except the original creditor, JCP)
If you find my offer is acceptable, please send me an acknowledgement agreeing to these terms. I will begin making payments promptly after your acknowledgement is received. Â
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Thank You. I look forward to resolving this matter in the best interest for both parties.
Sincerely,
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Hello All,
                I found this site and love it allready. But i am a real screwup and want to straighten myself out and make my fico better for the future. Well to begin with i filed a joint chapter 7 on 4/2005 and was dischaged 8/2005. Now stupid me i recieved offers for credit cards a few months after that and took them and lost my job. So now they are all negative and i went to court on 2 of them so far and making payments. I have about 6 others that are calling but no court summons yet. However they are reporting charged off and whatnot 120 to 160 days late. These card were given to me back in 2006 and 2007 id say like 4 or so and says some was purchased and then those people are reporting the same too. So My original capital one card reports me 180 days and debt sold and the people that bought that account are reporting me 180 late too on the same account. that doesnt seem fair. Well on one of my capital one cards the attorny bought it and took me to court and i have been making payments on it. Well guess what in 12/2009 i got 2 more capital one accounts and some hsbc accounts again however i have been making my payments on time but i am using 80%+ of my credit line.My blaze account is like 1 year and 8 months old and i never missed a payment. what should i ddo? Or where should i start? I got a copy of my credit reports in 2/24/2010 my scores are equifax 630  experian 525 TU 587 So any ideas or help would be appreciated. I am done savataging myself and want to better my credit but it just looks so bad and i dont know where to start besides paydown my current cards and stop usimg them.. thankyou
Dec 172010
My friend’s credit report shows 24 negatives.  Upon close scrutiny, we discovered that Emporia Credit Services Inc. and Hudson Law Offices have the same address, are both reporting the same two debts (duplicates), both are reporting the exact same information to include DOFD & assignment date.
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This is a FCRA violation, yes?
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What would be the best way to address the company? Â The goal is to have them delete all 4 entries from the credit report.
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More information on the debt -Â
Creditor name – Augusta Health Care
Amount owed – $1,115
DOFD – 09/2004
Date assigned to CA – 05/2006
Date last updated to CR – 11/2008
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Creditor name – Augusta Health Care
Amount owed – $202
DOFD – 09/2004
Date assigned to CA – 03/2006
Date last updated to CR – 11/2008
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She also has one more debt on the CR listed once under Emporia.
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Creditor name – Augusta Health Care
Amount owed – $29 (original debt), $1410 (what they reported this month to CA that they want now!)
DOFD – 08/2004
Date assigned to CA – 09/2004
Date last updated to CR – 12/2010
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No, she does not have the money to pay them. Â The earliest she could start making payments would be 02/2011.
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1) Â Should she approach them for deletion of the duplicate files?
2) Â Should she leave it alone? Â It should delete from her credit report in either Sept or Oct 2011.
3) VA state SOL is 6 years I believe.
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Thanks for the input! Â Hearing advice from others will help her make a decision on what to do. Â She will eventually pay them, but doesn’t want to invite trouble if it’s not needed. Â :)
My BK discharge date is 11/05 but I have been making payments on an auto, which I didn’t reaffirm, and the bank has been updating the DOLA on a regular basis. Is that a violation? Can a creditor continue to report payments and update the DOLA after the BK filing or discharge date?
Sep 062010
After a very lengthy illness (6+ years), most of which I was unable to work, my deferred and then defaulted student loans ($60,000) have fallen off of my credit report. I’d like to start making payments again, but I don’t really want such a large amount of debt to suddenly re-appear and cause my score to drop dramatically.  I offered to start making payments on the two earliest loans so that only those balances ($8,000 + $3,300) showed up on my report, then they could add the others gradually as my income increased or the first ones were paid off.  Apparently that wasn’t good enough, they’d rather get nothing. Â
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I hope to be able to work full-time again within the next two years, and I was making over $100,000 yearly when I got ill, so a larger payment then wouldn’t be a problem.  Right now a few medical bills are the only bad debt on my credit report, and the collection agencies for those seem to be willing to negotiate reasonable settlements. I suppose I could look into IBR, but what shows on your credit report with that? Maybe I should just sit back and not worry about it until my income is back to normal.    Â
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Any ideas about what I should do?
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I have an account with HFC I owe $6,000.00. It is my account and I do owe the money. I got behind on my payments. I contacted HFC in March to work out some kind of payment arrangements and explained to them I was having problems. I was asked to send over copies of my pay stub and bills which I did. After about 2 weeks I called HFC to check the status of the request and they denied letting me  set up alternative payments. I did make payments but the payments were not the payments HFC wanted.
I joined a DMP in May and started making payments to the DMP in June. HFC was sent $100.00 in June and $100 again at the end of July. The DMP program sent a proposal to HFC. HFC never replied to the proposal request. HFC has since sent my account to a law firm. I recieved a letter Aug. 5th. I have not replied in writing back to the law firm. The law firm did tell my DMP program to send over a proposal and they did and again the proposal was denied. They want me to pick one of three options. 1. pay in full. 2. put down half and make payments of $150. 3. Deposit $300 and make payments of $275.00. I do not have the money to pay in full and I do not have the money to put a deposit down. The only thing I can afford to pay is $100 a month. I have gotten a roommate and I use her rent money to pay the DMP program. I am trying to make a good faith effort to pay the account.
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Do you have any ideas of what I can do to have HFC work with me?
 If this goes to court will I have a better chance of being able to make $100 a month payments?
My DMP program told me sometimes the creditor tries to get as much as possible but if I make payments sometimes they will accept the payments and not take the case to court.
The law office told me they can only offer those three options they are bound by HFC’s rules.
Thanks for your help
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Hi guys, first post, but I’ve been reading these forums for months. Great community.
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Here’s my question. I currently have a CA reporting on my credit report for a debt that i am making payments to the CA for. I’m almost paid off and want to gain some bargaining power to have the TL deleted from CRs.Â
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Anyone have any advice on how I can do this? I know I should have done a PFD in the beginning, but I was uneducated when I agreed to pay monthly on the debt! Is there a way I can send a letter instructing the CA to delete if the accept the last payment? Or should I just wait and hope for GW? Thoughts?