Good morning!
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I have 4 small medical bills that have all been given to the same CA ($490 4/2009 – $1,129 4/2008 – $267 2/2007 – $2,451 11/2005). I want to write PFD letters. Should I include all 4 accounts in the same letter or should each account have it’s own letter? If separate, should I send them all at the same time? And lastly, (again, if separate) should I start with the oldest, highest amount or does the order not matter. Thanks to all that respond!
On 2/18, I was cashing a check at US bank, and the teller tries to convince me to get overdraft protection, I initally said now, but they talked me into it.
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I started thinking about it, and googled this forum, and realized it would create a new account, and new inquiry. So I called them up 30 minutes later, and told them to cancel the request.Â
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Then 4 days later (2/22), they pull an experian credit check, and open the account anyway. I already have too many inquiries, and my AAoA is about 2 years. I’ll have to call tommorow, and hopefully I can get somebody to close the account, delete the inquiry, and not report it. I have a feeling its going to be a nightmare trying to find somebody who can correct this problem. I know I made this mistake of agrreeing to it initally, but I think the fact that I called to cancel 30 minutes later to cancel, then they opened it anyway 4 days later, means I’m at least in the right. If they don’t fix it, I’m closing my account, I’m that upset with them right now. (My US bank credit card is my oldest trade line, so that will stay open, but usage will go down 95%, I may be mad, but I still have to be smart.)
Today I found out that I’m in the 700 club. Fully, not 2/3rds of the way like I thought I was. I don’t know what changed with EX between January and today aside from an aging bump from 8 – 9 years for my oldest account, but I doubt that was the only thing that happened – it’s a 49 point increase! Also, for those keeping track at home, my TU98, last I checked, was 708 and my current TU04 is 712.
I am looking into buying a house in about 1.5 years. My current scores are TU 703 and EQ 681. Both bureus have the same info except the EQ has 2 inquiries. I would like to get my scores as high as possible so that I can get the lowest rates available. Please let me know what you think I should do to get a 750 or higher. I think the biggest things that are hurting me are; I have a collection that is falling off the first few months of next year, my AAoA, and my oldest credit line. My AAoA is only 2 years and my AAoA is 3.3 years. I also don’t have any installment loans on my report. Would getting a car loan help me out enough in a year? I do need a newer car. I think when my collection falls off I should get a huge boost in score because it is my only derog. I have no missed payments at all. My util is only 2%.
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Orchard – 3.4 years – 0/$300
Wells    – 3 years    – 83/$3200
HSBC   - 1 year     – 0/$1500
Amex    - .5 years  – $0/Charge
I have not had a negative hit since 2006. I just opened a CC in the last 6 months and I have been staying at 15% UTI. It seems like it is a snails pace to get my score to jump. I have a mortgage, 5 years ago I nearly foreclosed but I pulled it out and now I am over 7 payments ahead and it is my oldest account as of feb 8 years history. my car was paid off last year and the last 3 years of my note had no late pays. Two of my reports( EQ and TU) I only have 2 negative items, one falls off next year the other in 2013 but I am going to see if sprint will do a PFD. Other than that I am not sure how I can get my scores up. EX I have 6 reporting and of the six 4 are medical bills from 2006 the other two are the same items reposting on EQ and TU. Any help or advice it appreciated. I just keep seeing my score go up 1-2 points a month and feel like it will take an eternity to get to 650 or higher at this rate. Thanks
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As of 02/01/2011
EQ 632
EX 567
TU 604
Hi Folks,
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I just received my CH7 BK discharge 4 days ago and I’m starting to work on my credit-reports.
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I have several derog-accounts on file BUT these accounts are not the oldest on file. I’d say they are equal to my AAoA.
Most of them are charge-offs and due to my BK, they all report a $0 balance.
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The DOFD of these negative accounts was already a couple of years ago and they are scheduled to fall off by 2013/14.
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So should I leave these accounts as is or should I try to remove them?
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Did I get that right that after 7 1/2 years after the DOFD, the negative markings are removed BUT the rest of the tradeline is still reported as if I was never late until it reaches 10 years?
How’s that supposed to work? I’m asking because the reports I have are clearly indicating a date how long these ACCOUNTS are staying ON FILE – and that date is clearly connected to the DOFD-date and not to the 10 years.
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I’m very interested in knowing more about that because I obviously suffer from a lack of imagination-power to figure out how a discharge/reposession is supposed to be reported as a positive tradeline from one day to the next..:smileysurprised:
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Thanks in advance!
My girlfriend is taking out student loans, but it looks like it’s killing her Average Age of Accounts. Her most recent credit card is about 3 years old – and everything else on her report is older than that, with the oldest at about 7-8 years old. Her Average Age of Accounts, however, is less than 3 years. The reason is that her student loan disbursements come through three times per year, so it looks like she has 3 new accounts every year. Over the course of 2 years in school, that’s 6 new accounts that drag down her AAoA.Â
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Is there any way to combat this? Since they’re all government loans, can they just be reported once per year instead of 3 times per year?
I currently have the following cards:
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First Premier:    200 Opened   10/2005
First Premier:    300 Opened   07/2006
Capital One:      750 Opened   06/2008
Credit One:        650 Opened   05/2008
Orchard Bank:   320 Opened   07/2008
Best Buy RZMC: 500 Opened   10/2010
VS Angel Card:  350 Opened   10/2010
Macy’s:             1000 Opened   08/2006
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I desperately want to close both of my First Premier accounts, but unfortunately as you can see they are my oldest.
What should I do?
I have been repairing my credit for hte last 4 years, i have not been late on anything, just paid my car off in Feb, the oldest account in good standingis my home 8 years (did have it almost go into foreclosure 4 years ago) I have 8 baddies and it looks like 3 or 4 fall off late next year. I just opened a Cap One last month, Any ideas how to help me raise my score 100 points in 6 months? I am at 618 right now.
I just realized the hard way that disputing an account can backfire and wanted to share it with everyone. I had disputed a late on my oldest and only open CC. I explicitly checked with the CB agent taking down my dispute over the phone that, if they were unable to verify the disputed info within 30 days, they would remove only the late and not the account itself. EX and TU agents assured me that they will not remove the account itself. Don’t believe them! They gleefully resolved the dispute after 30 days by removing the account itself and my score took a huge plunge and I’ve had a frustrating couple months getting the card to report at all again.
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In my experience, EX and TU seem to consistently remove accounts with unverifiable info, while EQ consistently seems to remove/change the disputed info in the customer’s favor.