Two 30D lates go to 24Mo and CC reporting Q’s

Feb 252011
 

So I have two 30D lates reporting in Januray 2009 that after this months reporting will be pushed passed the 24 month mark. Should I see an increase in my score due to the aging of these lates? My midscore is with EQ at a 681 and the closer I can get to 700 (a guideline score for a loan I’m after) the better… Also, I have a Chase card the I have a balance on of $477 ($1200 limit). The due date for payment is March 1st but I only have $300 I can pay on it until March 3rd whicch is when I can PIF. Does Chase, or any other CC, report to the CRA’s the balance shown when the statement was cut or the balance owed the day of reporting? Basically I’m wondering if they’ll report the balance of $177 that will most likely be on the statement or the $0 balance which will be 2 days after payment is due…?

Improving Credit – Where Should I Start?

Feb 122011
 

It’s been a while since I’ve been on here, and I need to get my credit score where it should be. Looking for advice on where I should start next. I have three credit cards which I just paid off, and I’m using the AMEX to show activity. Here’s a rundown of what I have.

 

Length of Credit History: 4 Years 9 Months

AAoA: 2 Years 11 Months

 

Installment Accounts

Student Loans (Date Opened)

  • 10/10 – $2,750 – Subsidized
  • 6/10 – $2,250 – Subsidized
  • 11/08 – $3,500 – Unsub – Current Balance $3,930
  • 2/08 – $1,750 – Subsidized – Current Balance $1,614

Auto Loan

  • 12/06 – $17,075 – Balance $6,867 (No Late Payments)

Revolving Accounts

AMEX – 03/07 – CL $2,000 – High $2,385 – Current $100 (No Late Payments)

BofA – 05/06 – CL $500 Secured – High $735 – Current $0 (No Late Payments)

C1 – 07/07 – CL $300 – High $419 – Current $0 (2 30s, 5/10 & 1/09)

 

Negative

Verizon Wireless – $736 – Currently working on a PFD

 

Thank you for any advice and assistance!

 

Mike

 

 

Credit Saint

Feb 102011
 

I’m actually using Credit Saint. I’ve been in the Clean Slate program for four months and have had great results however………it seems like the bureaus have stop investing items when the results come back. Has anyone else had that problem? Any other agency that provide good results? Has anyone purchased a seasoned tradeline from a repair service?

Student loan is paid out to start six months after graduation. What if you continue to Law School?

Nov 302010
 
student

Our Lady of Disgrace

I have plans to go to law after I graduate from 4-year college. I would like to know if I have to start paying back my student loans after 4-year college or when I graduated from law school? Postscript I am just doing some preliminary checks of student loans in general, I am a senior in high school, and I’m just thinking ahead.

Bank Collection? Pay off or Payment arrangement?

Sep 032010
 

I have a collection on my credit report from a bank. The collection agency is Cash-Pro Inc. The balance is $297.

Date Opened: 
05/2007
Date of Status: 
01/2009
Reported Since: 
01/2009
Last Reported Date: 
05/2010
Type: 
Collection
Terms: 
1 Months 
Monthly Payment: 
$0
Responsibility: 
Individual 
Credit Limit: 
$297
High Balance: 
N/A 
Recent Balance: 
$297
Recent Payment: 
$0

They said I could pay it off this month for $222, or I could make three monthly payments of $100.  My question is, is either of these options better (for my credit report) Will paying it off (either way) effect my credit score at all?

Length of time I should wait between checking my FICO?

Jul 262010
 

 

I’m in the process of trying to repair my scores from the mid 600′s range…   I am wondering how long I should wait between times that I check my FICO score

for improvement from the hopeful results of my actions?

 

Could I expect to see any results over four months?   My main problem was letting some student loans slide waaay to long in non-payment while I was unemployed.   I know, I know… should have requested deferment, but didn’t know about it at the time….

 

So.. I’m back on track with making those payments over the last four months and have recently zero-ed out two of my credit cards plus added one card which had a higher balance limit than the other two combined… which I would think would effect my debt-utilization ratio for the better?

 

Anyway… what’s a reasonable length of time to see results happening with ones scores?   Should I not even bother for shorter periods than six-months?

I’m anxious to see results… so it’s kind of agonizing to have things change so slowly….

 

Thanks for any advice out there from the experts….

 

 

Requesting Creditor To Reverse Payment Reporting

Jul 052010
 

I have a Conn’s and I was late a few months because of unemployment and only paid partial payments.  Well, I remembered I had the unemployment  insurance and after going back & forth with them, the ins co finally kicked in and made the payments.  Whew!!!!! I am thankful for that.   My question is, do you think Conn’s will reverse the way it was reported since to me, I wasn’t late as the insurance paid the months I was in arrears and beyond?  This is a revolving account and until I was unemployed, I was never late, in fact I paid off a prior item purchased.

 

Thanks 

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