baddies and bk

Mar 222011
 

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?

Delete collection due to statue of limitation

Aug 292010
 

Still kinda of new to this board and I’ve been doing a lot some reading about the “statute of limitation” issue. I’m wondering if you  have a medical collection on your report that’s unpaid if it would be possible to use the ”statute of limitation” issue to leverage a PFD letter . Thinking of collection that need to get rid of that’s over 7yrs old . It’s not being collected but it’s a little more than I can afford to pay at this time and just wondering about contacting CA and offering settlement (maybe 1/2 of what’s owed) based on fact that collection is so old. Anyone think this will work?

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Score vs Report

Aug 262010
 

This might seem vague, but what do lenders value more…your score or the items on your report?  For example, a general mortgate rule of thumb has been 620.  Are they looking only at your score, or can they find a score of 650 and see something in your report that disqualifies you?  What about other lenders like credit cards, landlords, etc…I’m just curious and really trying to figure things out. 

Discouraged

Aug 142010
 

Hi guys! I am in need of encouragement for sure.  My DH and I are working on our credit so we can buy a house.  We need to bring our scores up 80 pts and 50 pts.  I have sent out 11 GW letters in the past month and am not having good luck. I’ve gotten several “your report is accurate, we are not changing it” letters.  So disappointing.  I have also just sent out several DV letters. I’m starting to loose motivation so I came to get some from you guys!

 

Thanks so much for reading.

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Balance or no balance for CA

Jul 302010
 

I just want to verify what I have been told.  If you have a CA on your report, your score does not increase if you pay it off, is this correct? I have a $42 acct on all 3 reports, and it is something I need to pay because it is what is left on a defaulted student loan and I will be going back to school in the fall and in order to qualify for FINAID this has to be paid off.

Old Accounts

Jul 282010
 

So, I have gathered that accounts stay on your report for up to 7 years (or 10 years in case of bankruptcy) from the time of the LAST transaction.  Understood.  And I have never filed/claimed BK.

 

When I checked my score, I found several things that were not mine and some that may- but everything was 8-13 years old.  I have had no new accounts since-  If I can’t pay cash for it I don’t buy it.

 

Why won’t the credit agencies remove these??  Yes, I have asked and wrote all 3.  

 

 

PAID COLLECTION ACCOUNT & LEINS

Jun 032010
 

I have Paid off all my collection accounts, including a federal tax lien.  Although they haven’t all been totally updated; is their a way to clean your report completely of all paid items? Whereas your report would only read what is revolving on your credit report and nothing else? Or, Is having this listed on my credit report showing as PAID helps me?

When do Credit Bureaus update CR & FICO Score?

Mar 312010
 

Does anyone know when the credit bureaus update the information on your credit report?  Is it every month or only when the creditors report a change in status / balance / late pays etc?  Also how quickly are the updates seen by the consumer after the change is made on your report?  TIA

Equifax Score Monitoring Products is exactly the same as myFICO

Feb 212010
 

Just wanted to let you know that the credit monitoring products you get on Equifax is exactly the same ones you can get here except for the following:

 

Unlimited credit report from Equifax

Easier Disputes

3 in 1 report, but you can get your report for  all 3 free annually at http://www.annualcreditreport.com/ (Report only, no score)

 

Other FREEbies:

Experian: http://www.quizzle.com/

Transunion: http://www.creditkarma.com/ (Summary only, no report).

Message Edited by vankenn on 02-21-2010 06:24 AM

Medical Collection help.

Feb 172010
 

I need a little insight into this: Once a bill goes to collections and is reported on your credit report, is it still beneficial to pay the collection?  Will paying the collection help raise your score? How will it be listed if it is paid and will it remain on your report if it is paid?

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