Capital One baddie

Feb 092011
 

I have one baddie remaining on my CR, capital one. I have showered them with GW letters and still no dice. Any other suggestions or any recent luck with these guys. Funny thing is I have  a credit card with them I have had for around 3 yrs now. Never late and has always remained in perfect standing.

Credit Check hurting chances of New JOB… what to do?

Feb 012011
 

Hello,

I am bvery fortunate to discover this website and am very thankful for the advice everyone is asking and answering here.

 

I have a bit of a problem..

 

I Was currently employed at a Luxury Department (which wasn’t very luxurious).

I was paid strict commission, so if i did not sell.. I did not get paid.

 

Long Story short i fell back on many of my credit cards did not pay them and now have 3 CO’s on my credit report.

and well ofcourse many late payments.  (making my Credit score drop over 100 points)

 

and to put the cherry on top…I got let go of one month ago.. so am now un-employed

 

Having high end experience, makes me as the interviewer’s say …over qualified for for modern-end retail sores.

therefore, i am kinda stuck in luxury retail..

but everyone in Luxury retail does Credit checks now,,, and as soon as they see my check they close the door immediately.

I am 23 years old.. and have paid off 2 of my Co’s and have 1 that i am still paying off.

 

 

 

My question is this…

is there anything i can do to remove those CO’s from my CR/ or any negative things from my CR

and

and suggestions on how/what top do to get a job with a bad credit score.??

 

 

Thank you for all your suggestions.

 

Raising Credit Score

Nov 022010
 

I am trying to raise my credit score from a 581 to at least a 620 minimum to qualify for a home mortgage, I have paid off two credit cards and made my payments on time I have also paid down the other two cards down to 30% of the credit card limit, although I had one 30 day late in July on a credit card payment this is now November and my credit has gone up 57 points since August!!!  Yeah!!!  I still need a minimum of 620 to qualify for a home loan…I only need 50 points or so to apply for a prequalification.  I did all of this after the closing dates and I am worried they will not show up on my scores until December…any other suggestions on how to boost my score soon?  My husband is also having issues with poor credit, since my score is higher would it help him to be added on to my credit cards?  Or will it hurt my credit if he is added due to his poor credit?

Is it worth it to pay off Deragatory account?

Oct 252010
 

Hello, credit experts. Thanks in advance for your help with this specific question.

 

I am trying to raise my credit score ASAP to buy a house. Currently, my score is at 632 for both TU and EQ. I have only one deragatory account left on my CR. It is a commerce bank credit card that is 6 years old and in my state (MO) it has already passed the Statute of Limitations for collection. I was in college at the time and never made a single payment on it. It will also fall of my CR in November of 2011. Is it worth it to pay it off? Will it likely increase my credit score very much? The only other credit accounts I have showing are a closed credit card with HSBC/BEST BUY from 7 years ago that was always in good standing, a paid-off FED student loan that is closed and shows always paid on time, a car loan 7 years old that is closed and always paid on time, and a new capital one secured credit card that hasn’t posted to my CR yet. (Credit limit is currently only $200.) What are your suggestions? Let it fall off on its own or will it pay on my credit score to pay it off?

Reporting late after settlement?

Oct 222010
 

I jave a Kohl’s/Chase card that was charged off back in 2007, and was settled for less than due in 2008. But on my Equifax it reports a recent late payment to them, so the past 18 months I have been 120+ days late every month.

 

I have disputed online, and by mail to CRA, and they just come back verified.

 

I have sent a letter to them directly this time, any other suggestions.

 

I think if they accept settlement they can’t report it late forever.

Bad news

Oct 052010
 

OK so I’m all ready to buy a house, I just have to pay off a $3700 judgment and show the bank that it has been paid.  A family member is giving me the money to pay the judgment.  I called the company that has the judgment ( I know, B-A-D, but I figured since I’m calling to pay them, it wouldn’t be so bad ).  I didn’t say anything about mortgages, just said “I haven’t been in a position to do anything about this judgment for years, I still barely make ends meet, but I’ve received a small amount of money from a family member to try to pay off some of my bills and debts.”  Asked if they’d settle for a little less than what was owed.  They told me absolutely not, it is company policy to NEVER accept anything less than full payment.  Then I was told the full amount as of today is $8431.00!!!  My first response was “that’s crazy!”  Then I replied that I would just have to pay off other debts instead, since that is way beyond what I am able to afford, and I’ll just have to keep living with a judgment on my record.

 

I can see that once the anger goes away, I’ll be depressed about this.  Unless I win the lottery, I’m never going to be able to pay this off, it will just keep growing!  My next thought is to write to them and offer to pay $3700, mentioning that if that isn’t acceptable the judgment will be included in my bankruptcy filing.  If they still say no, then I guess my only hope of ever owning a home is to go through with filing bankruptcy.  At least then I know that in a couple years I could try applying for a mortgage again.

(BTW – the judgment is from an OLD Providian card with a $500 limit that I stupidly didn’t pay.  I’m definitely learning my lesson now!)

 

Anyone have any other suggestions?

Old AMEX account – how should I handle this?

Sep 122010
 

I have an on AMEX chargeoff  ($3800) that’s still being held by AMEX. It’s past the SOL but still shows on my CR at this point.

 

They sent me an offer to settle for 60% of the balance. AMEX has also offered a payment plan for the settled amount.

 

I don’t really see a huge advantage to paying the full amount at this point so I think I’m going for the settlement.

 

1) If I pay the settlement amount could they reset the SOL and sue me for the remainder?

2) If I go for the payment plan, could they also reset the SOL and try and sure me?

3) Any other suggestions/input on how to handle this?

 

They sold the account to a CA but the only helf it for a few months as AMEX has taken possesion of it again. Their letters seem pretty sincere that the want to handle this the right way but I’m just not sure.

 

 

Roth IRA choice?

Jul 242010
 

I am with Fidelity and was thinking about buying their Freedom Fund 2010 for my new Roth Ira. Good or Bad idea? Any other suggestions?

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