Santander PFD or update to pays as agree which one should I try for

Mar 162011
 

Hi I have a charge off from Santander (citifinancial orig.) for $1065. The original credit limit was $17,983, the car was totaled in accident and remainder was $1065. The date of last payment 05/2007 and exp & tu show fall off date 05/2014. I am still in the sol for 2 months. I believe this is preventing me from getting a good interest rate 15.99% offered but I declined. My question is should I #1 ask Santander for my amount owed, the only reason is because the car was salvaged and where did the money from the auction go to            #2 try to get a settlement lower than $1065 because of the sol      #3 pay the amount and ask for pays as agreed? if they will  #4 ask for a PFD   any advice is greatly appreciated I have been looking around and came up with those 4 options. Carrie

Started rebuilding process today

Jan 282011
 

I started the credit repair process today and  thought i should start a log so here goes. Today I sent out a gw letter for first premier for a paid charge off 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 off  for original balance of $1443 ( i have paid off $500 since it was charged off.also it reports as open)

 

Any Experience with Direct Loans Rehabilitation Process?

Jun 212010
 

Has anyone had defaulted student loans with US Dept. Of Ed and had them rehabilitated after 9 months of on time payments with Direct Loans and if so can you tell me how they handled updating your status to the CRAs? Did they remove the derog 90 and 120 days and/ or reflect cuurent pays as agreed? And how long did updating on your CR take? Direct Loans indicated that they will update the CRA to reflect that my loans are NOT in default but I don’t know what that means? Thanks in advance for any thoughts!

New to Forum Need Advise – Can previous late payment history be removed or hidden?

May 042010
 

I am new to the forum. I have been reading a lot of the post and they are a great help – however some a little to late for me. After pulling my a powerscore on 4/26/10 I see it says that all the categories are good except the payment history. I want to work on this because I think this will be the key to boosting my score but I just don’t know what the best approach would be. I am pretty cautious about applying for new accounts because I always get turned down so I really don’t want to take that approach. I was wondering if there is some way to improve the history from accounts already on my CR. Below is a snapshot of what I have:

 

Tire Kingdom Credit Card/ Citi

Opened – 09/07

Last Activity – 06/08

30 Days late 3 times: 11/07, 01/08, 06/08

Account closed by grantor/ closed paid account

 

HSBC

Opened – 04/06

Last Activity – 03/10

30 Days late 1 time: 02/10

Pays as agreed/ Account currently open

 

Verizon

Opened – 04/06

Last Activity – 05/06

120 Days past due

Paid Collection/ Utility

 

USAA Savings Bank

Opened – 04/03

Last Activity – 09/05

120 Days past due

Account closed by grantor/ zero balance credit card

 

Washington Mutual/ Chase Credit Card

Opened – 06/07

Last Activity – 04/10

90 Days past due 4 times/ 60 Days past due 1 time/ 30 Days past due 2 times

Account closed by grantor

Please help to explain Private Student Loan Charge-Offs on my credit report

Mar 132010
 

I went to school and graduated in 2003. Then went to school for a bit at a different school (about one semester in fall of 2003). I only remember taking out two different loans.  One for attending ITT which should have been about 30k in loans and one for Ottawa University which should have been maybe 3K. 

 

After pulling a credit report I am seeing one Positive account for Sallie Mae.  I also see 7 negatives from Sallie Mae and 8 Negatives from USA Funds.   I am not sure why there are so many different items because I have been paying Sallie Mae their money, at least I thought.

 

I really hope someone can answer these questions for me.  This is very confusing and would really like to understand what is happening so I have a lot of questions.  I pray that someone knowledgeable can take the time to clear some things up for me.

 

Below is a table of all the items regarding student loans that are showing up on my credit report and my questions.

 

1.  The two Sallie charge-offs that I actually owe money.
         a.  What are my best options for getting this removed quickly (should I pay this in full or try to rehab?)
          b.  Any websites or resources that will walk me through my options for taking care of these?

 

2.  I was thinking about disputing to verify all the Student Loan line items on my report through a third party law firm.  Is this a good idea to do or a bad idea?

 

3.  How bad of a mess am I in with all these line items on my credit report, when if ever will these drop off?

 

4.  There is an item that is Pay as Agreed, yet it says balance paid or being paid by insurance company. 
       a.  What does this mean?
       b.  Is there any way I can get this removed or report as a positive?
       c. How badly does this impact my score?

5.  I have 3 charge-offs listed as no balance and transfer sold.
       a.  What does this mean?
       b.  Is there any way I can get this removed or report as a positive?
       c. How badly does this impact my score?

6.  All of the loans for USA Funds do not have a status and showing paid collection.
       a.  What does this mean?
       b.  Is there any way I can get this removed or report as a positive?
       c. How badly does this impact my score?

 

 

 

 

Company

Status

Balance

Amount Past Due

Charge Off Ammount

DOFD

Activity Description

Comments

Reporting as

Sallie Mae

Pays as Agreed

31839

0

0

N/A

    

Positive

Sallie Mae

CHARGE-OFF

1,770

1292

1112

Sep-04

    

Negative

Sallie Mae

CHARGE-OFF

11447

8416

7136

Sep-04

    

Negative

Sallie Mae

Pays as Agreed

0

0

0

N/A

Transfer/Sold/Paid

 Balance paid or being paid by insurance company 

Negative

Sallie Mae

Pays as Agreed

0

0

0

N/A

Transfer/Sold/Paid

 Balance paid or being paid by insurance company 

Negative

Sallie Mae

CHARGE-OFF

0

0

0

Sep-04

Transfer/Sold

  

Negative

Sallie Mae

CHARGE-OFF

0

0

0

Mar-03

Transfer/Sold

  

Negative

Sallie Mae

CHARGE-OFF

0

0

0

Sep-04

Transfer/Sold

  

Negative

USA Funds

[Field is Blank]

0

0

0

Apr-07

[Field is Blank]

Paid collection

Negative

USA Funds

[Field is Blank]

0

0

0

Nov-04

[Field is Blank]

Paid collection  

Negative

USA Funds

[Field is Blank]

0

0

0

Oct-04

[Field is Blank]

Paid collection  

Negative

USA Funds

[Field is Blank]

0

0

0

Oct-04

[Field is Blank]

Paid collection  

Negative

USA Funds

[Field is Blank]

0

0

0

Oct-04

[Field is Blank]

Paid collection  

Negative

USA Funds

[Field is Blank]

0

0

0

Oct-04

[Field is Blank]

Paid collection

Negative

USA Funds

[Field is Blank]

0

0

0

Oct-04

[Field is Blank]

Paid collection  

Negative

USA Funds

[Field is Blank]

0

0

0

Oct-04

[Field is Blank]

Paid collection  

Negative

 

merrick bank pfd?

Feb 122010
 

ok, i have a merrick bank CO that will fall off in dec. id like to pfd, but would rather pay to have them give me a $0 balance and say “pays as agreed” any chance of that? how would i go about wording that letter? if the OC and the CA are both reporting a balance, then do i send the letter to the OC?

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