Questions regarding hard inquiries

May 052010
 

I’m trying to educate myself on my credit report, and fix some problems with it, and hopefully raise my score.  Different reports are showing various hard inquiries, and I’m wondering if I should even bother fixing them.

 

TransUnion is showing 1 inquiry: 

August 31, 2009 Qwest Land-Line

I can’t remember authorizing Qwest to do a credit inquiry.  This was about the time I looked at getting DirectTV and DSL through Qwest, but I never followed through.  Is it worthwhile trying to get this removed, and would this be considered an authorized hard pull?

 

Equifax is showing 3 inquiries:

February 17, 2010 Usaa Sb
November 09, 2009 C Schwab
November 09, 2009 C Schwab

The USAA is valid, I applied for an auto loan.

The 2 Schwab inquires I believe are asscociated with me opening a brokerage account at Schwab.  Same situation as above, I don’t remember authorizing a hard pull, but is that authorization inherent to applying for a brokerage account?  If not, is it even worth trying to get this moved to a soft pull?

 

Experian is showing 2 inquiries (report pulled directly from annualcreditreport.com)

One is a valid pull from American Express, the second is for NCO/Castle Marketing Group on 3/20/2009.  Its showing as a real estate loan.  I never applied for any type of real estate loan, and don’t even recognize the lender.  Is it worth disputing this?

 

Can applying for any sort of bank account (such as brokerage) mean a hard pull is authorized?  For just a few inquiries, are you better off just leaving them?  Of all the ones listed above, only the 1 showing on Experian is something I truly believe is flat out wrong.

New and confused: Charge Offs, GW, & Fico Scores

Mar 232010
 

Hello I’m new here and I have a question about a credit repair move I want to make.

 

Backround:

My EQ is 667.  I took a two year break in school to work, repair my credit (repaying student loans has helped for this short time), and now I am re-enrolling for my last year and a half.  Because I’m re-enrolling I have chosen to defer my student loan repayment (which I’ll start repaying in 2012).

 

Here’s the credit info: 

 

I have about 10 accounts.

  1. Gemb: opened 1/2010; $0 balance; good
  2. Wfnnb/Exp: opened 9/2006; $0; good
  3. Wfnnb/VS: opened 9/2006; $0; good
  4. Edfinnthea: opened 5/2007; $3,323; good
  5. UT: opened 8/2006; 2,093; good
  6. Edfinnthea: opened 9/2006; $1,551; good
  7. Edfinnthea: opened 8/2007; $463; good
  8. UT: opened 11/2007; $0; delinquent (120+ but not written as charge-off)
  9. M&I Bk: opened 5/2005; $0; good
  10. 1st Financial Bank: opened 5/2005; $0; Bad debt/collection (120+)

  

I have 2 negative marks hurting me as you can see above.

  1. the first mark is for 1st financial bank.  It was marked as a charge off in April of 2007 for about $2400.  I also paid this in full about a year after it was marked a charge-off. The crazy part is that this was the result of a stolen credit card from a guy that I dated (tsk tsk…i should have sued).  The investigation was started but due to my own stupidity never followed through.
  2. The second mark is from a temporary student loan at school (3month loan).  It was120 days late but not listed as a charge off.  It is listed as pay account as agreed.

 

Plan of action

I really want to get these two marks completely removed.  I want to try sending GW letters and being persistent.  However, I’m concerned with the possibility of having my credit card charge off removed because it’s one of the oldest accounts.  My AAofA is 2006 and that charge off is from 2005.

 

Question

If the charge off is potentially deleted from my credit report, will the deletion lower my score because it’s one of the oldest accounts?  Or, will that one other account (see #9 above) be looked at as an old+good account and raise it?

 

I really need help.  I want the marks gone but not at the cost of my fico score!!!  Thanks for reading/helping in advance!

 

PLEASE HELP ME–Questions & my CR posted in here!

Mar 132010
 

Hello! I’m new here and am hoping for your expertise and knowledge to point me in the ritght direction.  I just did this post and it was long but it never posted, SO I will keep this short as possible. =)

 

Not using excuses or  anything like that.  I am embarrassed to show my CR but I need HELP.  In the past, obviously poor choices my with my money and credit, didn’t really leearn to budget at all until I married my husband.  My parents are in the same financial situation and never really taught me how to use my money.  However, I am an adult so I take full responsibilty for my poor habits and bad credit.  EQ score is 608, haven’t gotten my TU score yet.  I have obtained a EX &EQ CR.  I have 2 unpaid collections.  1 shows $107 collection and the other shows $55 collection.  I am paying these off this month.  My UTIL is 9% revolving and 91% installments.  I have paid off one of m capital one cards have paid the other capital one down and only has a $75 balance.  My CR is listed below and I also have listed some questions.  I appreciate your time in reading this and helping me out!

 

1)  Since I have paid my only 2 credit cards this week, I am moving onto collections.  These will be paid by the end of the month.  I want to delete these off of my CR.  Should I send a GW letter with my payment or wait until payment is received then send a GW letter?

 

2)  Do I send a GW letter to the closed, open or both regarding baddies?

 

3)  Long story with students loans (which is killing me on my CR) but short: Nelnet bought loans from bank.  During this time I changed jobs, changed banks, moved and got married.  I took a huge pay cut and never followed up on my loans-VERY STUPID OF ME!!!  I was 120+ before I went into deferrment.  Monthly payment is $68.88 and I have been paying $100-$300 monthly since Nov ’09 to catch up when it went into deferrment.  Nelnet said I would need to contact the CA for removal.  Should I send a GW letter with proof of payments more than required to show that I have been and currently paying even though I am in deferrment?

 

I am sure I will think of more questions later…I will post my CR below this post, thank you again!Â