Renewing Clearance - Help Please

[goguard]

Hello all,

Helping a significant other who is in the process of renewing his clearance for job. He's turned in the initial paperwork and we pulled his Equifax and TU reports through myFico. I'm wondering if should pull them from somewhere else so comments on that would be appreciated also. Haven't pulled them from anywhere but the free place in years and yes, I see the free trials to sign up for, but those always give me pause wondering if they will indeed cancel when they are supposed too. But just thinking now, if it's less than $15 a month, these reports and his job is valued way more than that so that should be the least of my concerns, so recommended places to pull all three complete reports. I searched around trying to see if this was recommended anywhere but unless I'm blind, didn't see it anywhere. His three from the free annual place were pulled in January and some things have come off just by comparing the two but there are two serious issues we need to deal with and then a few CAs on the TU report.

 

I do not know the process of the SC renewal so I don't know if we have time for DV, I'm thinking not. At this point, we have been advised by the Financial Counselor available through the state Family Programs to settle these debts NOW and get letters of proof and be prepared to write explanations.

 

Here's a brief overview of the two reports I do have:

 

Note: these balances are going to be skewed a little so they won't be detectable as one is already in the courts, we've got a postponed for a month or so and hoping we can settle before.

 

Equifax (score 651)

 

Regional Accept: $18K (court hearing postponed) (still owned by OC)

Portfolio: Collection acct for charged off Cap One Card: $1300 (sold to Portfolio, OC showing $0 balance but showing CO and lates)

Capital One: Charge off, current status: bad debt/collection 30, 60, 90 days late

Bank One: $0 bal, closed or paid acct, pays acct as agreed, largest past balance $25K, Installment, DOLA 2003 (No clue what this is, maybe bank sold, but appears to be good TL unless "closed or paid acct/zero balance" is a negative)

Nothing listed for Collections

 

Transunion (Score 577)

 

Regional Accept: $18K balance Status: CO as bad debt, Desc: Unpaid balance charged off, no lates listed, (postponed court case)

United Bank: $0 balance, CO as bad debt, 2nd mortgage, Desc: unpaid balance charged off (this actually same acct number as one coming up that was discharged in CH7 BK in 2006)

Capital One: $0 balance, CO, no lates listed, Desc: purchased by another lender

Gecrb/Pep Boys: $0 balance, Paid as Agreed, no lates, Desc: Chapter 7 BK

Military Star: $0 balance, paid or paying as agreed, no lates,

Chase Auto Fin: $0 balance, Paid or Paying as Agreed, no lates, Desc: Closed

Celink: $0 balance; Mortgage, Status: Unrated, no lates, Desc: Purchased by another lender (Actually Celink was listed in BK)

 

Public Record:

CH 7 BK Filed: 10/2005

 

Collections:

Portfolio: $1300 (old Cap One card)

Coll Rec Bur: First Charge Financial $50

Crd Prt Assoc: Comcast: $90 (3/2012)

Rob Reg Yng: Comcast: $200 (2006)

 

Brief history on the Reg Accept vehicle: Cautious of posting too much but confusion about insurance caused this and yes, ultimate responsibility lies with us we realize now, but just don't understand how between payoff and what insurance and auction paid, leaving a $4K balance, the lender starts their count at $27 (including interest, other fees and attorneys). At this point, we need to settle. I went to dealership for better understanding. They recommended getting attorney because an attorney had a better chance of lowered settlement and SO does have a friend I am forwarding the papers too but attorney in court at postponement was sympathetic because he saw where there appeared to be adequate insurance but just circumstances make that confusing, can't expect that if we try to settle.

 

My friend doesn't remember the Cap One card and it appears it was opened one month, paid on once, then not again. I would love to DV but figuring we need to settle per Financial Counselor's advice. Will have to work with Portfolio. Financial counselor says they will usually settle for 40%, whereas on the boards, I think I've read start offer at 20%. I believe SOL is 5 years in my state and DOLA was 11/2007 but we are concerned about clearance, so need to address this.

 

Figure we will write a GW letter to Cap One about lates and CO.

 

The United Bank is the same account number as Celink, which was a 2nd mortgage but it says on TU "Date Closed: Oct 2011". For clearance purposes this can be explained through the BK. Not sure what to do about trying to get it off report as I can't find this United Bank mentioned anywhere, just Celink.

 

The Gecrb/Pep Boys can be addressed clearance wise through the BK. But on TU, I'm thinking with the dates listed it should not be on the report. Dates: Status: Jun 2012, Date Opened: 1999 DOLA: 11/99 Date Closed: 4/2009 but Description says "Chapter 7 Bankruptcy" (maybe BK keeping it on)

 

Military Star and Chase Auto seems a good TL.

 

On TU, Celink, which is listed in BK papers, just says "sold to another lender" and "unrated". DOLA: 7/2005 Date Closed: 10/2011 Doesn't appear negative info to me.

 

Bankruptcy can easily be explained. Makes me furious to even type this but deployed overseas, he returned to find the person he gave POA too, had not paid his bills and had taken $20K+. Mortgage, everything too far behind so he just BK. Its 7 years is up in Oct 2012, anything I can do to ensure it does?

 

As for the collections accounts with TU: Truly hate offering to settle that old Cap One thru Portfolio, only because my friend doesn't remember it but I'm guessing since it is on both these reports, it is his, unless someone got it fraudulently but because of SC, Financial Counselor says "settle and pay".

 

The Coll Rec Bur $50, he believes he recalls something about a pizza place saying they had a bounced check. He couldn't believe he would have bounced a check at this time, but figured I can send a PFD attempt IF I can find an address for them. Have googled but not sure.

 

As for the two Comcast entries. It's interesting he's had Comcast this whole time. The latest entry I am sure is because we moved in December. I remember they started a new account instead of transferring service a mile away. Have put a call into Comcast, and on the older one, he continued Comcast Service during this time also, but I believe this was around another move. Sure hate paying these to the CA's but for clearance purposes, not sure how to approach.

 

Apologies if I have rambled but would love to hear advice from those with more experience before I make a move.

 

#1 Goal here now is to get clearance so he can keep his job. Then I will worry about raising scores. He was wanting to purchase another house in a year or so but other than that, he pays cash so I've thought if we can get these scores up, perhaps he needs to apply for a card or two, but we'll worry about that after we get through this clearance process. Any guidance MUCH appreciated!

[goguard]

And please let me know if you think I posted too many details. Unfortunately, I don't see an "edit" button but guessing admin can delete if need be. TY

[creditoperator atmagtre]

Hello,..

 

I am a security manager for my unit, and I have done many SOR's here are some quick tips:

 

 

1. Anything that is NOT yours .......dispute(show disupte letters and deletion letter if applicable)
2. Anything that is yours.................Just set up a payment plan and show payments (plan and reciepts)
3. Court cases can and will show up....explain and set up a plan or show settlement or removal

Understand when they come back with the request, it takes time...and if you have items that you have deleted or settled just note that it was deleted due to inaccuracy, paid, or ECT. A (Statment Of Reasoning request) is just a request on everything that is derogatory on your credit and how you intend to pay them and or resolve them.

 

UNDERSTAND: That since the economic world came crashing down, the DOD is more focused on what can CONVINCE a person compromise security(PAYMENT'S, PAYING OFF DEBT, ECT) as much as the criminal history of an individual. Bearing this in mind it pays to have a paper trail and document EVRYTHING as well as answer every question with WHAT YOU THINK IS TOO MUCH INFORMATION).

 

 

SOR'S are standard now as well as a updated credit check.

 

good luck and just be timely and accurate with your SOR

 

Delta Alpha

 

 

[swpopham]

are you a G2 or G3?

[by2]

I will tell you to please do not think because something negative has fell off your credit report is it a done deal. If you still owe the debt and it can be pulled on one of your old credit reports (yes the governement does maintain this old data) it can still be an issue for your credit worthiness in the adjunication process. I have lived thru this nightmare which cost me over 15K to resolve and I did to my favor but it also took a year to go thru the process!