Confused. What is our first step?

Mar 132011
 

I am really confused, perhaps from information overload.  My husband and I are working dilligently to improve our credit scores within the next 6 months.

 

What actions do we take first?  From what I have looked at so far- we don’t have anything on our reports that are past the statue of limitations etc…  i have two judgements on my account- but those happened well before the statue of limitations would have been up…  in 2012 they are schedule to “fall off’ my credit report.  Anyways-  basically our credit problems are from student loans he had late payments on in the past 2 years….  a ton of old medical bills that are in collections..  a few collection agency accounts  and my two judgements.  We currently don’t have any loans or credit cards (aside from his two student loans, which we now make sure are paid on time every single month).  What is our next step?  Do we said dispute letters?  Do we deal with the medical collections differently?  If we send things, will it “wake a giant” where we would have been better off to just not touch them?  We aren’t trying to get out of paying any of our debts, just want to reaise our credit scores and get these things under control and in the past =)

 

I have already gotten together a binder- and printed copies of our credit reports from all 3 places.  I’m ready to go- just don’t know which way to turn!

 

Need some really good advice on how to execute my plan

Feb 242011
 

So I have been lurking around the forum for a few weeks trying to get as educated as possible. Being as new to this as I am, I’m still really confused and frustrated. I ran up a lot of bad credit when I was in my late adult teens-early 20s and now it is coming back to bite me. I admit to each and every debt that I have, but I haven’t exactly had the funds to pay them (until now) or I have completely forgotten that they were there. I’m trying to get my credit in order b/c my husband and I really want to have a house in 2 years. I really don’t want my carelessness as a dumb kid to haunt me forever. Here is the breakdown of my credit report:

 

3 apartment bills- all PAID

2 medical bills-  totalling $1187 (still within SOL)

2 cable bills- both PAID

Capital One C/O- $745 (still within SOL)

Scholastic- $44 (still within SOL)

Columbia House- $107 (still within SOL)

medical bill- $50 (NOT within SOL)

 

Any advice as to how I should tackle these? I am thinking that I need to send Goodwill letters to all of the paid collections, wait until I have the money to PIF for PFD on all of the collections that are withing the SOL. Which ones should I start with. Should I pay off more of the smaller amounts so I don’t have as many individual collections on my credit report or is it the large balance accounts that are hurting me more? And what about the medical bills? I keep hearing people mention HIPAA? Now I know that there are some accounts that are small and I could easily just pay, but I want to make sure I am doing the right thing to get this stuff off my credit.

 

Also, I just applied for a secured credit card that I will use for groceries and gas (which are budgeted every week).

 

Any advice is happily welcomed! :)

 

I disputed an account with the CRA and never received any information

Jan 162011
 

Hello again

I am trying to do the HIPPA process with my medical bills.  I was trying to erase a dispute with the CRA (experian and equifax) that i did online. This was done in 2009. The statement says:

 

Account information disputed by consumer (Meets requirement of the Fair Credit Reporting Act).

 

Does this mean that they verified the dispute? I did not get any information.

 

If they did not verified it, shouldn’t they have erased it if they did not answer the dispute within 30 days? 

 

I am really confused as to what to do next.  Please help,

 

Rosa

 

Looking for assistance

Jun 242010
 

Hello, I am new to this forum option and was curious if anyone could help me.

 

I was curious what I should do about a dept i have in collections and Im not sure how to go about making my score better. I have been told different things from different people and now im confused.

 

I have a debt of 3000+ on a credit card from back in 99. It has gone to collections and says date of last activity Sep. 2005. I talked to my bank and they told me I should have someone look into writting a letter to see if it can be released or something or to just wait it out to be droped. They told me the reason was that if I were to make payments on it or pay it off in full that it would bring my score down a bunch and wouldnt really be worth it. I was told by others that I should try to pay it off because it is a good institute and that it helps with longevity in my credit. These people told me that in the long run it would be far better to go ahead and try to pay it because longevity ways a good amount on a credit score.

 

Anyhow… I am really confused and was wondering if anyone had any advise as to what would be better.

 

Thanks in advance!

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