Mortgage and Insurance » report

baddies and bk

admin — Tue, 22 Mar 2011 22:28:18 +0000

Does anyone know when you have baddies included in your bk when they fall off your report does it help your score out then or when the bk falls off?

The right to insert missing data into your file?

admin — Sun, 20 Mar 2011 19:07:34 +0000

I was reading this book on credit (circa 1993) and it mentioned that we have the right to insert missing data into our credit file. This is not suggesting adding a comment to a TL, but adding what sounds like a new TL to a CR for credit items that don’t appear on the report. Items such as credit at a local department store, credit from another CRA, etc.

It mentions this is a right under the FCRA. However, I cannot find the section in the FCRA that pertains to this right. I realize this is an old document and that it could be outdated. Can anyone confirm this? Has anyone done this?

Thanks,

JD12

Collection Account shows as Paid on Equifax, still exists on myFico Report

jedwan — Sun, 20 Mar 2011 11:54:06 +0000

I have a collection account from 2007 that was paid off almost immediately. On my last direct report fromÂ Equifax it shows the status as “Paid”, however the collection account still shows up (with no paid status) in myFico. The balance does show correctly at $0, however, is this still affecting my credit score as it is flagged all over the report as having a negative collection on file? Is this like the others that just need to “fall off” after several years? or something I should dispute and request removal?

Also, do I have to buy the report all over again through equifax to get the report number so I can dispute online? Why is there no report number supplied through myFico as they are just taking the report and reformatting it to look pretty and display it on here?

Thanks in advance for any help on this

paid collection account still showing a balance

Closed Accounts

admin — Sat, 19 Mar 2011 12:33:58 +0000

Hi guys, I have a question on closed accounts. I have some on my report that show Pays as agreed, account closed. And then I have others that say Pays as agreed, account closed, but these have late payments showing from years ago. Are these even considered by Fico since they are closed accounts? They are like 6 – 10 years old, but like I said closed. Should I dispute them and have them removed? The only positive thing I see it contributing is length of credit? They definately are not considered in my debt ratio? Any suggestions. Thanks!Â

Creditors

admin — Fri, 18 Mar 2011 23:19:21 +0000

Has anyone ever offered to pay off a small debit purchased buy a debit collector? I recently had a debit collector add a tmoble bill from five years ago, it’s only $208.00 but it really hurt my credit report. If I contact the debit collector and settle with them, will they agree to remove the debit from my report. Has anyone had any experience with this?

Oh wow! Planetfeedback really works! Citi removed Charged-Off account!

jedwan — Fri, 18 Mar 2011 06:36:26 +0000

I sent a GW letter via Planetfeedback on 3/09 and I just checked my reports and it showed that they were removed on 3/10.

I have been trying the past 2 years to GW them off of my reports via regular mail and have always gotten the usual “They are being reported correctly” response.

I gave up for a while until I came across a website called Planetfeedback.Â I told myself, “What the heck, it can’t hurt to try.”

So I just opened up my GW letter that I had typed up 2 years ago, copy and pasted the entire thing over to Planetfeedback and sent it off it’s way.

All I can say is WOW!Â I expected maybe about a month until I got a denial response, but they just deleted the entire trade line off of my 3 reports within a day.Â No responses or anything, just DELETE.

My score stayed exactly the same, but atleast those 3 years of 90+ day lates are off of my report now.

How long does it take for credit bureau to delete item?

admin — Thu, 17 Mar 2011 18:51:55 +0000

I have a paid collection on my report from the Paper shop advertising. I sent a gw letter to ask if they would remove it from reports, then on Jan 19th I got a call from the oc and they said they would remove it and that it will take 30-45 days to come off reports. I called them again last week when it was just over 45 days, they said that there part was done they told the credit bureau’s to delete and was out of there hands now. How long does it take for the credit bureau’s to remove the items? It has just about been 60days since the oc agreed to delete this collection.

Need advice from you seasoned Veterans

admin — Thu, 17 Mar 2011 10:57:30 +0000

Hi,

I am new here on the board. I came across myFICO when researching student loan consolidations/rehabilitations.Â

I had started to rebuild my credit about 3 years ago but had a relapse Â I digress.

I just wanted to share my situation and get some advice.Â

I just recently completed my student loan rehabilitation. I have been steadily at about 548 with Experian since July, and just pulled Equifax (509) and TransUnion (552).Â

I still have one of my many student loans from the consolidation showing as negative but did confirm with the DOE that they sent the remaining funds (115 dollars out of 10K) that had been outstanding due to an error or timeframe issue with the payoff. So that is the only one still showing as default. I immediately disputed online and the loans are all showing zero balances paid collection accounts and I understand they will be there until they fall off.Â

My question is more about the rest of my credit. I currently have some other derogs including 2 small collection accounts for under $300 each from 2 old utility bills. I am wondering if it would be in my best interest to offer them a “pay for delete” as I have seen it referred to?

I have 3 Capital One credit card accounts charged off in the past couple of years that had original balances of 750, 500, 1500 although they are showing much higher as collections. Should I try to do the same thing with them as well (PFD)?

I know that is kind of a vague rundown and I have some other issues with my report, but figured this would be a good start. Trying to buy a house in the next 2 years need to get into the 700′s. I understand it will take time but I’m headed in the right direction.Â

Also, I have no credit card accounts and was even denied by US Bank for a secured card for $300 because of all the collections. I was thinking of having a friend or family member add me as an authorized user on a couple of accounts to improve my utilization and that aspect of my report. Â I was thinking of waiting a couple of months after paying on my current student loans and getting some things straightened out and applying for a secured card with Orchard Bank. Any insight there?

Thank you in advance.

Shouldn’t my score increase?

admin — Wed, 16 Mar 2011 19:47:48 +0000

I had a collection on my account from National Recovery Agency.Â When I called them, they said they no longer serviced the account and wouldn’t even tell me who the OC was.Â I asked them to provide this in writing, but they refused.Â So, I promptly disputed the collection through the CRA.Â I got notice yesterday that the results had come back and that the account would be delted from my credit report.Â Very exciting!

I pulled aÂ new copy of my report and noticed that they had in fact been delted.Â Very, very exciting!Â However, my score hasn’t changed at all.Â Wouldn’t it increase since a negative remark has been removed completely?

HSBC Pay For Delete "PFD"

jedwan — Wed, 16 Mar 2011 07:39:54 +0000

Has anyone had any success with a PFD with HSBC, if so, please tell you’re story.Â I am currently contemplating sending them an offer on a 5 year old debt to get it off my report.Â It is a charge-off that I want them to take off.Â I appreciate any insight…