paid-as-agreed » Mortgage and Insurance

54 point increase

Mar 212011

587 to 632 (WOW)

Paid a collection account in full with OC, no CA involved. The OC said they would report PIF, no balance. (BUMMER)

The OCÂ didn’tÂ report the acct as PIF, they did even better. They reported the acct as paid as agreed, no balance, no past due, closed at consumers request. (WHAT!!)

Now thisÂ 1 acct was my only revoving acct with a balance, so it was showing 100% utilization of revolving acct. It also was a 60+ dayÂ late.

So when it changed from collection to paid as agreed, it took off my only 60+ days late, and i showed a current credit card payment, and my score went up 54 points.

I still have 2 collections on my CR.Â Just disputed 1 of them because it was a duplicate that should have bben removed and willÂ use aÂ PFD with the other.Â Hopefully will be off by the end of April. I’ve sent out 7 GW letter (hopefully at least 1 will pay off), and that’s it. Can’t wait to see the new score when the collections fall off.

March 21, 2011
Posted by admin at 2:21 am
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Rebuilding Credit
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Equifax – Down 7 points for inquiry, Up 7 points for new loan

Feb 042011

I was surprised I GAINED points for getting a loan. Thoughts?

Here’s the short story.

Pulled all three scores 1/27/11 and these were the stats

Equifax â€“ 10 inquires (most recent 08/10)

Negative

Shows no negatives

Positive

Mortgage â€“ opened April 08 â€“ paid as agreed

Capital One Credit Card â€“ opened July 07 â€“ paid as agreed
- Limit – $1750
- Balance owed – $0
USBank Credit Card â€“ opened Jan 07 â€“ paid as agreed
- Limit – Â $1750
- balance owed – less than $100

At that time, my score was 712.

I was then approved for a loan by a credit union and my score dropped 7 points for the inquiry. No surprise there. But then the loan posted and I gained those 7 points back. Is it because my mix is better now? I use to only have a mortgage and 2 credit cards (revolving). With the bank loan, I now have an installment. Am I correct?

607 equifax credit score

February 4, 2011
Posted by admin at 2:56 am
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Single Mother Wanting to Purchase a Home

Feb 012011

Hello everyone.Â I just happened upon this forum and love it already.Â The people here are so helpful.Â I working on purchasing our first home and have some issues with my credit.Â Credit scores are 585, 602 and 590.Â I need to be at a 620 to apply for a home loan with my preferred lender.Â I recently applied for the Orchard Bank CC in hopes that will give me the credit boost I’m looking for.

I have 8 derogatory accounts that range from dates 2005-current (the current itemsÂ I PIF).Â I had a recent tax lien placed on my credit report which I recenly PIF.Â I also had a Movie Gallery account that was sent to collection recently that I just PIF as well.

I have over 40K in student loans that I need to pay-stauts noted as Paid as Agreed.Â IÂ do have 1Â CC through Capital One that I am in good standing on.Â Credit limit of 500. I do owe $114 on it.Â I have a car that I finance through Wells Fargo that I am in “Paid as Agreed” status on as well

I would love to purchase a home before my lease ends this year-September 2011.Â Is there a possibility that I could have my credit at a 620 by then.Â Any suggestions on how I can get there would ne appreciated

February 1, 2011
Posted by admin at 11:01 pm
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Is settling CC accounts okay in order to start fresh?

Jan 302011

Hi,

I wanted to know if settlingÂ one of my CC card would be okay so that I can get them paid off and be done with it. My BofA is currently over the limit and closed. If settling ois okay, what should be reported on my credit report? I know it depends on the wording as far as “paid in ful”, or “paid as agreed” and so on…please let me know. Also how will this effect my credit score?

what effect on credit is paid in ful compared to paid as agreed

January 30, 2011
Posted by admin at 9:38 pm
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Started rebuilding process today

Jan 282011

I started the credit repair process today andÂ thought i should start a log so here goes. Today I sent out a gw letter for first premier for a paid charge offÂ even though it seems as there are not alot of people who have had success with them, a pfd to suncoast schools fcu, and cmrrr dv letters to continental finance,pinnacle financial group,and online collections.Also if anyone wants to chime in im wondering why my equifax could be so low the accts on there are as follows:

Paid auto loan no missed payments (5800)

Paid as agreed lease (2340 a month for 2,5yrs)

5 credit cards no more than 7%balances (had 3 cards for 2yrs and other 2 for 1yr)

paid student loan no missed payments(the loan was only 6000)

auto loan pays as agreed(just got truck 1 yr ago)

paid charge off for $200 (2 yrs since dola)

collection $634 (dola 12/2006 just started reporting 2/2010)

charge offÂ for original balance of $1443 ( i have paid off $500 since it was charged off.also it reports as open)

lustig glaser & wilson p c citibank n a

January 28, 2011
Posted by admin at 11:47 pm
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Credit History Help

Jan 172011

I have been researching and working hard on rebuilding my credit this last year, though I admit I should not have had the problems in the first place. I hope someone can take a look at my current situation and offer solutions to guide me in the right direction as what I thought I was doing was working but a recent report has shown my score dropped off again.

I’m 24 and currently an unemployed student who ran wild with credit cards the first 2 years of school before I realized what I had done. I recently applied for an auto loan which I was approved for and now have 1 year of on-time payments being reported with another 4 years to go on that loan. I also have 2 credit cards with low balances which are both standard credit cards and 1 store-specific card that has a high limit and currently a high balance that I am working to get down. I believe my credit usage ratio right now is about 77%. I also have student loans on my credit report which are reported as 8 individual loans from the federal government (no private loans). In addition to that, as of 11/2008 I was issued a judgment by one of my credit cards which I recently satisfied. Is there anything I can do about the public record to lessen it’s impact on my score?

The following is a snap shot of where I am today:

Transunion (534)Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Experian (515)Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Equifax (533)

AE (paid)Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â AE (transferred)

HSBC (Derogatory)Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â HSBC (Transferred)

Express (open)Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Express (closed)Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Express (open)

Capital One (paid)Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Capital One (paid)Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Capital One (Derogatory)

Target (open) <<

Chase (Paid)Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Chase (Derogatory)

Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â DTE (closed)Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â DTE (Derogatory

My first question with the above accounts is should I dispute with the reporting companies that have the wrong account status? For instance, Transunion has HSBC as Derogatory but Experian reports as transferred, should these just say Paid as agreed and be closed? Other accounts report open with one or two and then closed with the third, all these accounts should be paid off and closed, I paid them all last year and earlier.

My Next question is about my total accounts being reported. I’m not sure what to do from here to help my score, there is so much junk on my report where I thought I cleaned it out for the most part, there are still old pieces of information hanging around. The following are the accounts in question and I would like to know what I can do to maybe move forward in cleaning these up:

Transunion

Hol. VideoÂ Â Â Â Â Â Â Â Â Â Â $146Â Â Â Â Â Â Â Â opened Â Â Â 10/2010Â (Not mine actually, possible Id theft from lost wallet)

RJMÂ Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â $779Â Â Â Â Â Â Â Â opened Â Â Â 05/2008Â (Also reports to Experian)

Russell Col. Â Â Â Â Â Â $159 Â Â Â Â Â opened Â Â Â 05/2006Â (Reports to all 3)Â

Portfolio Recov. Â Â Â Â Â Â Paid Â Â Â Â Â opened Â Â Â 08/2008Â Equifax reports this as Derogatory, should I dispute?

AT&T Â Â Â Â Â Â Â Â Â Â Â Â Â $173 Â Â Â Â Â opened Â Â Â 08/2010Â (Reports to all 3)

Midland Col. Â Â Â Â Â Â Paid Â Â Â Â Â Opened Â Â 06/2009 Â Equifax reports Derogatory, should I dispute?

RJM (target) Â Â Â Â Â Â Â paid Â Â Â Â Â Â opened Â Â 10/2008Â Reports Trans, Exper

Medical Bill Â Â Â Â Â Â Â paid Â Â Â Â Â Â opened Â Â Â 03/2006Â Reports all 3

Cap 1 Â Â Â Â Â Â Â Â Â Â Â Â paid Â Â Â Â Â Â opened Â Â Â 11/2008 Â Public Record

I know I should pay the past due collections before anything, aside from the Hol. VideoÂ which was not mine but needs removed. But those other pieces are all reporting with different dates and different status issues on each report, I’m just not sure how to move forward with cleaning that up to improve my score.

The Midland company is reporting my account status as 120+ past due thought he balance is paid off and was paid as agreed. The Portfolio company is reporting the exact same and is also paid off and paid as agreed.

Basically I really don’t know where to begin or if anything I do will have any impact on my score at this point with everything being reported in pieces.

January 17, 2011
Posted by jedwan at 8:41 pm
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Not even sure where to start….? Lots of info

Jan 032011

My husbands credit report is pretty confusing. lol There are a lot of things showing up as Paid as Agreed and are not flagged and are showing a $0 balance. Should those bbe there? Also here is a listing of this collections, Mayve someone could give us a hint as where to start?…

Arrow Ser
Status as of Â Â Â Mar, 2010
Date opened [?] Â Â Â Jul, 2008
Date of last activity [?] Â Â Â Mar, 2006
Largest past balance [?] Â Â Â $456
Account Type [?] Â Â Â Open Account
Account holder [?] Â Â Â Individual
Industry Â Â Â Factoring Companies

$691
120+ days past due
___________________________________

Lvnvfundg
Status as of Â Â Â Dec, 2010
Date opened [?] Â Â Â Dec, 2008
Date of last activity [?] Â Â Â Jun, 2005
Largest past balance [?] Â Â Â $751
Account Type [?] Â Â Â Open Account
Account holder [?] Â Â Â Individual
Industry Â Â Â Factoring Companies

$1,044 Â
+120 days past due
__________________________________

Mainstcorp
Status as of Â Â Â Dec, 2010
Date opened [?] Â Â Â Jun, 2008
Date of last activity [?] Â Â Â May, 2008
Largest past balance [?] Â Â Â $490
Account Type [?] Â Â Â Open Account
Account holder [?] Â Â Â Individual
Industry Â Â Â Factoring Companies

$756
120+ past due
__________________________________

Midland
Status as of Â Â Â Dec, 2010
Date opened [?] Â Â Â Sep, 2008
Date of last activity [?] Â Â Â Jan, 2006
Largest past balance [?] Â Â Â $284
Account Type [?] Â Â Â Open Account
Account holder [?] Â Â Â Individual
Industry Â Â Â Factoring Companies

$358
120+ days past due
__________________________________

Fst Premie
Status as of Â Â Â Oct, 2008
Date opened [?] Â Â Â Jan, 2006
Date of last activity [?] Â Â Â Mar, 2006
Largest past balance [?] Â Â Â $456
Account Type [?] Â Â Â Revolving
Account holder [?] Â Â Â Individual
Industry Â Â Â National Credit Card Cos.
Descriptions [?]

Â Â Â * Charged off account
Â Â Â * Credit Card

$0 Balance

Thanks for taking the time to look and if you need anymore information please let me know. thanks!

January 3, 2011
Posted by jedwan at 8:42 pm
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Sallie Mae and USA Funds reporting Paid as agreed

Dec 232010

i am sorry i forgot one important item, as you may or might not know. the loans are in consolidationÂ throughÂ DOE, and tax refund was garnished as well to pay sallie mae and usa funds.Â

Â First and foremost Happy Holidays and a Happy New Year to all…

Â Â Â Â I would like to know if you can possibly advise me on this situation. My husband had a SM Loan(OC) and the loansÂ defaulted. They were sold to USA FUNDS(CA). The loans are now in consolidation and deferment due to him attending school one again. How “technically” according to Sallie Mae and USA Funds the loans have been paid as agreed, do you know if i can request a PFD? This two items are the major things affecting my husband credit. What do you think I should do?

USA FUNDS reports PAID AS AGREED AFTER COLLECTION AND CHARGE OFF

Second question? What does unrated on a cr mean?

December 23, 2010
Posted by jedwan at 6:56 pm
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Student Loans
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Recently CO’d Need desperate advise

Dec 222010

As of recently, I had pretty good credit. Then I stopped paying Mervyns ($800)Â and Sears ($1,200) and fell behind on theÂ Walmart card ($1000).Â Mervyns and Sears have been charged off andÂ Walmart has been closed.Â I have abou 8 other cards, mortgage, and auto loan in good standing.Â Â I know that irrevocableÂ damage has been done to my credit.Â I need advise on how to proceed from here.Â I’ve read about trying to get a pay for deletion as a condition of paying the full amount.Â These amounts are not huge; i think i can come up with the amounts somehow.Â Is it possible for aÂ CC or CA to agree to aÂ ”pay for deletion” agreement? How aboutÂ CC of CA reporting “paid as agreed” instead of ‘paid charge offs”? Has anyone been successful at this or is it impossible to do?

December 22, 2010
Posted by jedwan at 3:41 pm
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Would this help me?

Dec 082010

Hi all,

I want to start by saying a huge thanks to everyone here! Since I found this site, my fico’s have gone from 560-580 less than 2 years ago up to 708-716 today!

The thing that is still pulling down my score are some old Crap1 accounts.Â I paid them in full on a repayment plan they approved, but they continued to report me 180+ days past due for the whole 2 years it took to repay them. The status on each is $0 balance/paid as agreed or similar wording, but they show as 180+ days each month up until the point they were paid off in 2008, and they show “closed by credit grantor.”

Here’s my question: yesterday, I got an email from them, claiming they “miss me” (yeah right) and want to give me a platinum card with first year’s annual fee waived. I don’t particularly need or want another credit card, especially from them, but would it be to my advantage to accept it? I have a long credit history, quite a few positive accounts, and a decent util now (11%). The only baddie is the old Crap1 stuff. Would a new current open account with them help any, or is it not worth the hard pull? :smileyindifferent:

December 8, 2010
Posted by admin at 6:40 pm
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