I have about 6 collection accounts that all state this on my CR. All of them are unpaid which I haven’t heard anything from the CA or OR for years now. I am curious is it best to leave these unpaid and wait for them to drop of my CR, call them up and see if they will settle for a lower amount, or PFD? It sounds like from reading these forums if I make payments of any kind they will stay on my CR even longer…
Feb 262011
I am so new to this credit game and am not sure what to do. I have been reading all these forums lately and have seen some good advice. I am 45 and have NEVER had a credit card or mortgage. I have had several loans with the last one recorded in ’09 for $40K. All have been balloon notes, not monthly. There were 2 times I was 30 days late on two of these notes, once in ’05 and once in ’07. I have 3 negative medical collections from ’04, ’05 and ’08. The last time I pulled my score was in April 2010, it was 602. I recently tried pulling my credit again and was informed that I didn’t have enough credit on file to calculate a score. So last week I went to my bank and made a $15K loan that I plan to pay back in 30 days. I am now thinking I should have arranged to pay the loan back in installments. I have always used the same bank, all my adult life.Â
I also applied for a secured credit card with a $1,000.00 deposit. I hope I am on the right track to get some kind of credit. Anyone have any better ideas or suggestions?Â
Thanks!
Feb 022011
Ok since reading these forums I have paid and gotten 7 medical collection accts removed from my credit. Now I am ready to send GW letters for removal of late payments. My question is where to send these letters and how to send them. I know that I have read several places that you should mail them to where they have to be signed for so that there is a paper trail, but most of the addresses are PO boxes. Can I still send them to be signed for? Also how much of an increase can I expect with the medical collections being removed? Also how will I know when they have been removed without running yet another inquiry on my report? Thanks.
Sep 222010
Lurker of these forums but have a reason to post now…
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After 11 months, a lender finally picked up my rehabbed loans and I am now out of the doghouse with the US Dept of Ed! That’s 4 SL’s out of default. Fingers crossed I get a little bump to my scores!
Aug 192010
I have been reading on these forums for about 2 months now, and have recently tried three PFD’s. I have one that was successful, one no answer yet, and the final one I received a phone call from that CA. I have no idea how they got my number, because I have never spoke to them on the phone. Should I return the call, or should I send another written request addressed the CA?
I just started on these forums and so I had no clue about the HIPAA letter process until today.
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 I have a medical collection on my EQ CR as of 8/3.  I had been in contact with the CA prior to this in an attempt to make payment arrangements, but i guess it wasn’t soon enough, so it got reported.  So now they have records of me talking to them and all that, so therefore it seems that the preHIPAA letter wouldn’t work, because i obviously already know about it, and know all the info. Â
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I tried to do a PFD with the CA, but they said they do not do them per company policy. I am not paying it until i can figure out a way to get it deleted. Â I was wondering if there is still anyway to salvage the HIPAA process?
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If not, are there any other ways I may go about deleting it?
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And if I am doomed to not get it deleted, is my credit going to be completely wrecked for 7 years, or can it recover? I am still young, only 22, so i don’t have very much credit to begin with, which means now due to this CA right now it is completely shot – 527 
So, I’ve had a fcr.com account for over a year now and I frequently monitor my credit by refreshing it or receiving alerts. I was recommended by a poster on these forums that I get myfico.com instead as it gives you your real FICO.
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I have both now and after pulling my accounts on each, my Equifax and TU are waaay higher on myfico than on fcr.com.
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FCR:
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EQ = 573
TU = 594
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Myfico:
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EQ = 607
TU = 629
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What does this mean? Are the myfico scores more accurate when purchasing a car? Also, do you guys have a preference of the two?
THANK YOU!!!!!
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Jul 272010
Hello everyone – I’ve been reading these forums for the past couple of months and just totally blown away by the amount of info you all have. I believe I’ve read enough to understand most of the basics but do have a question regarding my situation. I’ve got two accounts in collection – one from 9/2009 – this is for unpaid fraternity dues? I graduated college in May of 07 and wasn’t active dince 05. The second is from 5/2010 with NCO for an energy bill for $90.
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Here is my question: I researched a bit with each account and found that they are still both owned by the OC. The energy bill still has an option for me to pay oline. I’ve read several different things about DV, but recently came across a post in which I think applies to my situation. Do I still have the option to pay the OC in full and then send a DV to the CA? Once they look for the debt but find it doesn’t exist any longer they will delete from my CR? Thanks in advance for the advice
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- Ebel
Hi guys, first post, but I’ve been reading these forums for months. Great community.
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Here’s my question. I currently have a CA reporting on my credit report for a debt that i am making payments to the CA for. I’m almost paid off and want to gain some bargaining power to have the TL deleted from CRs.Â
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Anyone have any advice on how I can do this? I know I should have done a PFD in the beginning, but I was uneducated when I agreed to pay monthly on the debt! Is there a way I can send a letter instructing the CA to delete if the accept the last payment? Or should I just wait and hope for GW? Thoughts?
Hi all. My first post here. This is a GREAT community. I have learned more by going through the stickies on these forums than I ever could have otherwise. As a result, I sent a DV letter via CMRR to the CA who currently owns an old credit card account of mine (well past the SOL limit). It was one heck of a DV if I might add, using a few templates I found on these forums :smileytongue:
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It has been 45 days since the CA received my letter. I have the CMRR signed green confirmation card, their letter to me demanding the funds, and my DV letter so (per advice in the DV sticky here) I am now ready to write to all 3 CRAs and ask them to remove the entry from my records. The problem is that none of them show this CA as the account holder; they all show the one this CA bought my account from. The sticky doesn’t address that nuance.
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Can I still write to CRAs with all the proof I mentioned above?
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By the way, my FICO score is 674 with both EQ and TU and 711 with Experian. It has gone up a 100 points in the past 12 months and I want it to continue to sky rocket. If this one account drops off, I will see a huge leap in my scores.