I know this has probably been asnwered….

Aug 032010
 

I know this has probably been answered but I can’t really find what I’m look for on the boards, so here goes….

 

I had a Sears cc that I defaulted on.  If Sears was reporting it, it must have fallen off before I started working on my credit.  When I did start working on my credit, LVNV was reporting it, with substantial interest tacked on (amount due $1,045.44).  Before I had the opportunity to work on this particular TL, it fell off – in June, as a matter of fact.  I honestly don’t know if I ever received a dunning notice from LVNV at any time – there was a time when I wasn’t opening my mail.

 

Today, I received a dunning notice from Northland Group who claims to be collecting for LVNV as the Current Creditor and Citibank/Sears as the previous creditor.  AND they are offereing a settlement of $282.30 with a statement “upon receipt and clearance of funds, your account will be satisfied and closed and a settlement letter will be issued.”

 

I just ran my reports on Friday and Northland is not yet reporting and I’d like to keep it that way.  If I pay the settlement, can Northland still report?  I have the money to pay the settlement amount but not PIF PFD.

 

How do I handle this?  Do I PFD with the settlement amount?  How can LVNV be listed as a creditor? 

 

Any advise is greatly appreciated. 

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Some Successes and Thank You’s

Jul 152010
 

Sooo when I began this journey back in March my scores were in the mid 500 range.  The first couple of months I have worked really dlligently to rebuild my credit scores and have slacked off.  With that said, I just wanted to share some of my successes within the last 3-4 months.

 

Successes

-GEMB/Lowe’s-2- 30 and 1-60 day lates removed

-HSBC-I had 120+ lates starting from June 2003-April 2004 ( I will spare the excuses as to why so behind).  They completely deleted the TL.  It was an old account and that is why I think that they decided to just delete it.

-Paid Med Collections (which I started working on 1 month ago using the HIPAA process).  1 collection with TU, 2 collections with EQ and 2 collections with EX.  TU deleted completely.  EQ deleted one.  EX deleted one.  So currently, I only have 1 each with EQ & EX.  I will begin the HIPAA dispute with the OC soon.

-Paid CC’s down to 10% Utilization

 

Remaining negatives:

-BB&T-2-30 and 1-60 day late from 2004.  Will GW until it falls off and/or until they remove it

-2 Paid Med Collections

-Unpaid Med Collection from 2005-have DV’d, PFD’d everything but have heard nothing.  Thought about disputing with the CRA to see if they can get anything out of the CA.

-Unpaid NCO collection.  They deleted in May because they could not verify the account and now it’s back on this month…strange

 

Negatives that I will have to wait for to fall off CR:

-Cap One

-School Loans

 

My scores are slowly reaching mid 600′s.  i hope to reach 700 by the end of the year.  Not planning on buying a house or car in the next year so I can be patient (I hope) for my scores to rise. 

 

I want to say thank you to those who have answered my questions, those who encouraged and inspired and for those who offered their support!  =) 

 

Don’t give up!!! =)

 

Removing old closed account

Jun 092010
 

I started working on my credit 9/09. It has increased from 452 to 565 by 5/10.  There are a lot of accounts on my credit reports and a some of them are over 7 years old, some listed as paid and others don’t say.  If I ask the bureaus to remove them from my history will it help increase my score?

 

Thanks

bdrmc5

doing good so far but may need a bit more guidance!

Apr 092010
 

Hi,

 

10 months ago my score was a 575, currently it is a 631.  this is a great improvement for me. 

 

i have some serious issues though, i had a stupid knee operation in 2008 that killed me money wise and i ended up have a 30, 60, 90, and 120 day late payment on my only credit card.  once i went back to work i immediately started paying it off and now it has just $300 on it. 

 

but that little streak completely destroyed my credit, and it was deserved.

 

is there any way to write the creditors to inform them of my financial hardship situation at that time, not being at work, getting basically nothing from ‘disability’, etc…   once i started working again i immediately started paying, you look at the card history and it NEVER had any lates on it, just that streak where i was injured.

 

this is definitely the biggest thing holding me back right now, i dont see any way around it.   

Settlement Letters

Mar 242010
 

#1 – I got a settlement letter from a CA for an apartment complex debt that is owed (OC is not on my credit report).  The balance is $1700.  They offered to settle it for $858.  The offer expires on 3/31/10.  The collection is 2.5 years old is still in SOL.  It did not specify how it would be reflected on my credit report.  I had planned to call them when I payed it and see if they would delete it if I agree to pay the $858. Would you take advantage of the settlement?  

 

If I skip this one I would pay off a credit card instead that is affecting my util (orig OC).  However, I worry that I won’t get the settlement offer again and that is why I had planned to pay it.  At the same time I am SUPER anxious to say goodbye and good riddance to Capital One.

 

#2 – I got a settlement letter from a CA for First Premier (OC).  I assume this was an assigned CA because the OC is still showing a balance on my credit report and the CA is not listed on my credit report.  Total owed is $515.  They are offering a settlement of $126.  I like this settlement!  My question is, if I pay the CA the $126, will the OC update my credit report to $0?

 

Thanks again to everyone for answering my questions and helping me!  I wish I had known about this site when I originally started working on fixing my credit.

 

 

Have a question about authorized user accounts

Mar 242010
 

Hello,

 

I am trying to rebuild my credit as soon as posible, started working on deleting some collections that were’nt mine

 

I recently got a secured card too.

 

My question is: If i get some tradelines as authorized user, will that help my score?

 

thank you!