Whoo boy…
What a painful read that was tonight. Once upon a time, in a life not so long ago, I had a 720 credit score, a home on the river that I'd owned without missing a payment for 8 years. Of course, that was before I told my employer to restate their financial reports to the SEC and was summarily fired. I wish I could say that I had a grand time racking up credit card bills, and loans, but I did not. Relying on a 401k, stocks, and savings I thought I was managing my money well..
Categories: Rebuilding Credit Tags: Credit Card, Dreaded, employer, financial, first-premier, learn-the-best, life, money, river
Categories: Rebuilding Credit Tags: agency, amount-which, change-the-date, Current, items-should, like-the-day, money, report, said-it-went
Help With Building Credit
I'm new to credit building. I have a credit card w/300.00 limit. The card is only 3 months old.
Categories: Rebuilding Credit Tags: 620-middle, another-credit, collections, credit, Credit Card, credit-increase, money, need-at-least, secured, send-the-money, student, year
Cap 1 question
Hello everyone, and thank you in advance for any advice. I have been reading on the forums that cap 1 is the worst to work with.
Categories: Rebuilding Credit Tags: account, card, Chance, forums, help-or-advice, hoping-someone, know-the-chance, money, off-paperwork, orignal-limit, owns-the-debt, worst
What should I do first? (I am trying to clean my credit reports)
Hello all, I am coming into a little money and I would like to pay off my credit report which totals about $1300. I will get the money probably at the end of Sept. Should I send pdf letters to the collection agencies now or wait until i get the money
Categories: Rebuilding Credit Tags: central-states, collection, credit, credit-report, general-account, little-money, money, online, protection, sept-should, the-collection
My 2nd DV letter– opinions?
From cruising the forums... I've come up with this as a 2nd DV letter to a couple of CA's that haven't responded to my original DV. It has been 35 days since my original DV has been sent. And I don't EVER recall being contacted by these people ever. So I'd like some input please as to if this letter is right on the money or a bit much
Categories: Rebuilding Credit Tags: account, alleged, arrow-financial, client, collection, fair, fdcpa, financial, letter, matter, memory, money, request, signature, state
What to do? Dell Financial
Hi guys, I have been visiting these boards for the last few days, very informative. I just got a call from a debt collector on behalf of Dell Financial. They claim I owe Dell $615, which is true. Without agreeing that I owe the money, I offered a PFD just to get it off my credit report. The collection agent flat out refused stating that it was against their agreement with Dell to do that and in some states even against the law He stated that he could settle for a lower amount
Categories: Rebuilding Credit Tags: against-the-law, agreement, credit, debt-collector, money, policy, policy-take, refused-stating, some-states, their-agreement
Paid off charge-off increase score?
I was able to make settlements on all of my cc chargeoffs. Most of them were settled for 80 or 90% of the balance. Once the OC or CA reports the payment, which would show the wording "payment after chargeoff" will my score go up at all? Right now according to my LO it is 493! We had a home equity line of credit that came due and luckily our lender is willing to rewrite it for us. We ran into a rough patch when DH lost his job, defaulted on most of our credit cards, and fell behind on our installment, mortgage loans for about 7 months. But since January of this year we have been able to make all payments on time and save up the money to pay off all the charge offs. Since we will soon have 12 months current payment history on all accounts, i would like to see the score go up, and I am kinda surprised mine is so low. If you have experienced a movement in your score since you made payments on charge offs or settled in full, would you please respond. Our payment history was perfect before dh's layoff, hard to believe just one rough patch can screw up so much. If I can't expect to see an increase in my score once all the OCs and CA report the payments, how can I get my score up there. Is there a magical increase after 12 months on time payments?
Categories: Rebuilding Credit Tags: balance, installment, kinda-surprised, money, months-on-time, mortgage-loans, offs-or-settled, our-installment, payment, payment-history, payments, score, time-payments, Wording
Success with GW to Capital One, HSBC, GE Money Bank?
Looking for success stories for GW letters to remove charge off's to Capital One, HSBC, GE Money Bank, and Chase? I have settled in full with all of them, some paing in full. I did not do PFDs, but am now looking for goodwill removal. Anyone have any success?
Categories: Rebuilding Credit Tags: Capital, chase, hsbc, money, money-bank, now-looking, remove-charge, some-paing
Best way to take care of a judgment
Right now my scores are 628-653, and hopefully will go up a little as I'm hoping a past creditory will erase a couple old "30-day lates" that are showing on my report. The only problem my loan officer saw was an old unpaid $3700 judgment which I need to get taken care of. I don't have the money to pay it all off at once. What would be the best option here: Borrow money from a relative to pay it off now - I can't think of a down side to this Try to get a personal loan from my CU to pay it off - is it a good idea to take out a loan while househunting? Discuss monthly payment arrangements - I don't think I can close on a house with arrangements in place, I'd have to wait until it is PIF, is that right? Would any of these options somehow drop my score? I want to take care of this with the minimum damage to my score, although I think I could still qualify for USDA with lower scores. Would my score go up once this is PIF? Or would I have to ask them to consider deleting the record in return for payment?
Categories: Rebuilding Credit Tags: 30-day-lates, 3700-judgment, loan-officer, minimum, money, monthly-payment, only-problem, past-creditory, personal-loan, report, score, scores, somehow-drop, these-options