ryguz

Sorry - posting this here from the main forum at a user's suggestion. Keep forgetting that I can't copy/paste here without my browser messing up the text... Apologies! Four separate medical collections, two different agencies. I have had enough with this monster on my shoulders. This is my first step in conquering my credit. I've read all of the beginner's documentation and there are just so many exceptions... I wanted to talk it out with you fine folks to get some specific feedback. Please let me know if I'm doing anything incorrectly or against the rules. With that said, I have all three of my reports and have gathered absolutely all of the data into a spreadsheet to keep track of that what/where/when/whos, etc... in my brain, it seems to make sense that I should attack what is farthest from falling off FIRST. There are four recent (under a year ago) accounts that have gone into collections. All of them are medical bills. All of them are legitimate. Three are with the same agency ($66, $70, $150) and the other is with a different agency ($325). These aren't exorbitant dollar amounts... but I know from reading here that if I just pay them, they will turn into "Paid, Collection" or something to that effect. I would love to have these removed, especially considering their age and amount. What would my first step be? Many thanks in advance!

I have had enough with this monster on my shoulders. This is my first step in conquering my credit. I've read all of the beginner's documentation and there are just so many exceptions... I wanted to talk it out with you fine folks to get some specific feedback. Please let me know if I'm doing anything incorrectly or against the rules. <br style="color: rgb(15, 35, 71); font-size: 13px; line-height: 19px; text-align: left; background-color: rgb(241, 241, 241); "><br style="color: rgb(15, 35, 71); font-size: 13px; line-height: 19px; text-align: left; background-color: rgb(241, 241, 241); "> With that said, I have all three of my reports and have gathered absolutely all of the data into a spreadsheet to keep track of that what/where/when/whos, etc... in my brain, it seems to make sense that I should attack what is farthest from falling off FIRST . There are four recent (under a year ago) accounts that have gone into collections. All of them are medical bills. All of them are legitimate. Three are with the same agency ($66, $70, $150) and the other is with a different agency ($325). <br style="color: rgb(15, 35, 71); font-size: 13px; line-height: 19px; text-align: left; background-color: rgb(241, 241, 241); "><br style="color: rgb(15, 35, 71); font-size: 13px; line-height: 19px; text-align: left; background-color: rgb(241, 241, 241); "> These aren't exorbitant dollar amounts... but I know from reading here that if I just pay them, they will turn into "Paid, Collection" or something to that effect. I would love to have these removed, especially considering their age and amount. What would my first step be? <br style="color: rgb(15, 35, 71); font-size: 13px; line-height: 19px; text-align: left; background-color: rgb(241, 241, 241); "><br style="color: rgb(15, 35, 71); font-size: 13px; line-height: 19px; text-align: left; background-color: rgb(241, 241, 241); "> Many thanks in advance!

Thanks, SBA. I'll post my question there as well, but I figured since I'm not disputing these as fact it wouldn't make a difference. Also, I wanted to make sure that going with these first made the most sense. I'm kind of in sensory overload with all of this. There's just so much information (and conflicting information). Every time I think I have a handle on the process, I'll read a new post that says BEWARE, DON"T DO WHAT YOU JUST READ IN THE LAST POST.

Hah, well I'm just curious from a lender's standpoint why this would be given the green light, because I've been thinking that the only way to get into a vehicle at this point would be to just walk in there with cash. I can't get a $300 credit line increased... I couldn't imagine anyone approving a loan for a car. I guess I'm just naive when it comes to car loans and the process.

With all of those collection accounts, poor scores and late payments on my one installment account, why would this still be approved? Just curious... I'm gearing up to replace my 2003 Mitsubishi and I'm scared to death.

Yes, motorcycle loan for $11,008. Paid in full, status is "Paid. Closed." but EQ = 6 x 30DAY LATE + 1 x 60DAY LATE, EX & TU = 4 x 30DAY LATE

Credit Application: Your Age? 29 Your Equifax Credit Score? 553 Your Experian Credit Score? 530 Your TransUnion Credit Score? 544 How many years have you been on file with Equifax? 11 How many years have you been on file with Experian? 11 How many years have you been on file with TransUnion? 11 YOUR PREVIOUS AUTOMOTIVE CREDIT HISTORY Do you have an open auto loan? No. Will this open auto loan be a trade-in? N/a How many late pays within the last 12 months on the currently open loan? N/a How many late pays within the last 13-24 months on the currently open loan? N/a Your current open auto loan is financed with? N/a Your current open auto loan payment is? N/a Estimated amount you may be upside down in this vehicle? N/a Rate your payment history on this open auto loan from 1-10 (1=poor:10=Best) N/a YOUR REVOLVING CREDIT HISTORY Total number of revolving account(s) you have? 1 Total percentage utilized overall? 90% How many of your revolving accounts are store cards? 0 How many of your revolving accounts are major credit cards? (i.e. Amex, MC, Visa) 0 How many of your revolving accounts are known subprime credit cards (i.e. Aspire, 1st Premier) 1 YOUR PERSONAL INFORMATION How long at your current residence? 1 Year Do you Rent or have a Mortgage, or Live w/Relative or Other? Rent Your Monthly Rent or Mortgage payment? $625 How long have you held your current job? 3 Years Your total provable monthly gross income is? $3,500 Your provable monthly gross income is provable via what method? (i.e. computerized paycheck stub, or tax return) Computerized paycheck stub Is there additional monthly income? What amount monthly? N/a Describe the source. N/a Is the additional monthly income provable? N/a Spousal income is not applicable. YOUR DOWNPAYMENT Please tell me your exact down payment in cash? (rebates and trade equity are not considered, please input a dollar value only.) $5,000 Does any credit repository contain any Public Record? No. If yes, please very briefly describe. N/a Does any credit repository contain any Collection Account(s)? Yes. If yes, please very briefly describe. 13 open collection accounts, $7,493 total Please rate your overall creditworthiness on a scale of 1-10 (1=poor, 10= best) 7 Please rate your Installment credit history on a scale of 1-10 (1=poor, 10=best) 7 Please rate your Revolving credit history on a scale of 1-10 (1=poor, 10=best) 7 New or Used vehicle you are considering: Please very briefly describe. Either. ~$15k-$20k.

Very sorry about that. I'll redo it right now.

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Credit Application:<br style="color: rgb(15, 35, 71); font-size: 13px; line-height: 19px; text-align: left; background-color: rgb(241, 241, 241); "><br style="color: rgb(15, 35, 71); font-size: 13px; line-height: 19px; text-align: left; background-color: rgb(241, 241, 241); "> Your Age? 29 <br style="color: rgb(15, 35, 71); font-size: 13px; line-height: 19px; text-align: left; background-color: rgb(241, 241, 241); "><br style="color: rgb(15, 35, 71); font-size: 13px; line-height: 19px; text-align: left; background-color: rgb(241, 241, 241); "> Your Equifax Credit Score? 553 <br style="color: rgb(15, 35, 71); font-size: 13px; line-height: 19px; text-align: left; background-color: rgb(241, 241, 241); "> Your Experian Credit Score? 530 <br style="color: rgb(15, 35, 71); font-size: 13px; line-height: 19px; text-align: left; background-color: rgb(241, 241, 241); "> Your TransUnion Credit Score? 544 <br style="color: rgb(15, 35, 71); font-size: 13px; line-height: 19px; text-align: left; background-color: rgb(241, 241, 241); "><br style="color: rgb(15, 35, 71); font-size: 13px; line-height: 19px; text-align: left; background-color: rgb(241, 241, 241); "> How many years have you been on file with Equifax ? 11 <br style="color: rgb(15, 35, 71); font-size: 13px; line-height: 19px; text-align: left; background-color: rgb(241, 241, 241); "> How many years have you been on file with Experian? 11 <br style="color: rgb(15, 35, 71); font-size: 13px; line-height: 19px; text-align: left; background-color: rgb(241, 241, 241); "> How many years have you been on file with TransUnion? 11 <br style="color: rgb(15, 35, 71); font-size: 13px; line-height: 19px; text-align: left; background-color: rgb(241, 241, 241); "><br style="color: rgb(15, 35, 71); font-size: 13px; line-height: 19px; text-align: left; background-color: rgb(241, 241, 241); ">YOUR PREVIOUS AUTOMOTIVE CREDIT HISTORY<br style="color: rgb(15, 35, 71); font-size: 13px; line-height: 19px; text-align: left; background-color: rgb(241, 241, 241); "><br style="color: rgb(15, 35, 71); font-size: 13px; line-height: 19px; text-align: left; background-color: rgb(241, 241, 241); "> Do you have an open auto loan? No. <br style="color: rgb(15, 35, 71); font-size: 13px; line-height: 19px; text-align: left; background-color: rgb(241, 241, 241); "> Will this open auto loan be a trade-in? N/A <br style="color: rgb(15, 35, 71); font-size: 13px; line-height: 19px; text-align: left; background-color: rgb(241, 241, 241); "> How many late pays within the last 12 months on the currently open loan? N/A <br style="color: rgb(15, 35, 71); font-size: 13px; line-height: 19px; text-align: left; background-color: rgb(241, 241, 241); "> How many late pays within the last 13-24 months on the currently open loan? N/A <br style="color: rgb(15, 35, 71); font-size: 13px; line-height: 19px; text-align: left; background-color: rgb(241, 241, 241); "> Your current open auto loan is financed with? N/A <br style="color: rgb(15, 35, 71); font-size: 13px; line-height: 19px; text-align: left; background-color: rgb(241, 241, 241); "> Your current open auto loan payment is? N/A <br style="color: rgb(15, 35, 71); font-size: 13px; line-height: 19px; text-align: left; background-color: rgb(241, 241, 241); "> Estimated amount you may be upside down in this vehicle? N/A <br style="color: rgb(15, 35, 71); font-size: 13px; line-height: 19px; text-align: left; background-color: rgb(241, 241, 241); "> Rate your payment history on this open auto loan from 1-10 (1=poor:10=Best) N/A <br style="color: rgb(15, 35, 71); font-size: 13px; line-height: 19px; text-align: left; background-color: rgb(241, 241, 241); "><br style="color: rgb(15, 35, 71); font-size: 13px; line-height: 19px; text-align: left; background-color: rgb(241, 241, 241); "><br style="color: rgb(15, 35, 71); font-size: 13px; line-height: 19px; text-align: left; background-color: rgb(241, 241, 241); ">YOUR REVOLVING CREDIT HISTORY<br style="color: rgb(15, 35, 71); font-size: 13px; line-height: 19px; text-align: left; background-color: rgb(241, 241, 241); "><br style="color: rgb(15, 35, 71); font-size: 13px; line-height: 19px; text-align: left; background-color: rgb(241, 241, 241); "> Total number of revolving account(s) you have? 1 <br style="color: rgb(15, 35, 71); font-size: 13px; line-height: 19px; text-align: left; background-color: rgb(241, 241, 241); ">Total percentage utilized overall? 90%<br style="color: rgb(15, 35, 71); font-size: 13px; line-height: 19px; text-align: left; background-color: rgb(241, 241, 241); "> How many of your revolving accounts are store cards? 0 <br style="color: rgb(15, 35, 71); font-size: 13px; line-height: 19px; text-align: left; background-color: rgb(241, 241, 241); "> How many of your revolving accounts are major credit cards? (i.e. Amex, MC, Visa) 0 <br style="color: rgb(15, 35, 71); font-size: 13px; line-height: 19px; text-align: left; background-color: rgb(241, 241, 241); "> How many of your revolving accounts are known subprime credit cards (i.e. Aspire, 1st Premier) 1 <br style="color: rgb(15, 35, 71); font-size: 13px; line-height: 19px; text-align: left; background-color: rgb(241, 241, 241); "><br style="color: rgb(15, 35, 71); font-size: 13px; line-height: 19px; text-align: left; background-color: rgb(241, 241, 241); ">YOUR PERSONAL INFORMATION<br style="color: rgb(15, 35, 71); font-size: 13px; line-height: 19px; text-align: left; background-color: rgb(241, 241, 241); "><br style="color: rgb(15, 35, 71); font-size: 13px; line-height: 19px; text-align: left; background-color: rgb(241, 241, 241); "> How long at your current residence? 1 year <br style="color: rgb(15, 35, 71); font-size: 13px; line-height: 19px; text-align: left; background-color: rgb(241, 241, 241); "> Do you Rent or have a Mortgage, or Live w/Relative or Other? Rent <br style="color: rgb(15, 35, 71); font-size: 13px; line-height: 19px; text-align: left; background-color: rgb(241, 241, 241); "> Your Monthly Rent or Mortgage payment? $625 <br style="color: rgb(15, 35, 71); font-size: 13px; line-height: 19px; text-align: left; background-color: rgb(241, 241, 241); "> How long have you held your current job? 3 years <br style="color: rgb(15, 35, 71); font-size: 13px; line-height: 19px; text-align: left; background-color: rgb(241, 241, 241); "> Your total provable monthly gross income is? $3,500 <br style="color: rgb(15, 35, 71); font-size: 13px; line-height: 19px; text-align: left; background-color: rgb(241, 241, 241); "> Your provable monthly gross income is provable via what method? (i.e. computerized paycheck stub, or tax return) Computerized pay stub <br style="color: rgb(15, 35, 71); font-size: 13px; line-height: 19px; text-align: left; background-color: rgb(241, 241, 241); "> Is there additional monthly income? What amount monthly? No <br style="color: rgb(15, 35, 71); font-size: 13px; line-height: 19px; text-align: left; background-color: rgb(241, 241, 241); "> Describe the source. N/A <br style="color: rgb(15, 35, 71); font-size: 13px; line-height: 19px; text-align: left; background-color: rgb(241, 241, 241); "> Is the additional monthly income provable? N/A <br style="color: rgb(15, 35, 71); font-size: 13px; line-height: 19px; text-align: left; background-color: rgb(241, 241, 241); "> Spousal income is not applicable. <br style="color: rgb(15, 35, 71); font-size: 13px; line-height: 19px; text-align: left; background-color: rgb(241, 241, 241); "><br style="color: rgb(15, 35, 71); font-size: 13px; line-height: 19px; text-align: left; background-color: rgb(241, 241, 241); ">YOUR DOWNPAYMENT <br style="color: rgb(15, 35, 71); font-size: 13px; line-height: 19px; text-align: left; background-color: rgb(241, 241, 241); "> Please tell me your exact down payment in cash? (rebates and trade equity are not considered, please input a dollar value only.) $5,000 <br style="color: rgb(15, 35, 71); font-size: 13px; line-height: 19px; text-align: left; background-color: rgb(241, 241, 241); "> Does any credit repository contain any Public Record? No.<br style="color: rgb(15, 35, 71); font-size: 13px; line-height: 19px; text-align: left; background-color: rgb(241, 241, 241); "> If yes, please very briefly describe. N/A <br style="color: rgb(15, 35, 71); font-size: 13px; line-height: 19px; text-align: left; background-color: rgb(241, 241, 241); "><br style="color: rgb(15, 35, 71); font-size: 13px; line-height: 19px; text-align: left; background-color: rgb(241, 241, 241); "> Does any credit repository contain any Collection Account(s)? Yes. <br style="color: rgb(15, 35, 71); font-size: 13px; line-height: 19px; text-align: left; background-color: rgb(241, 241, 241); "> If yes, please very briefly describe. 13 open collection accounts, $ 7,493.00 total<br style="color: rgb(15, 35, 71); font-size: 13px; line-height: 19px; text-align: left; background-color: rgb(241, 241, 241); "><br style="color: rgb(15, 35, 71); font-size: 13px; line-height: 19px; text-align: left; background-color: rgb(241, 241, 241); "> Please rate your overall creditworthiness on a scale of 1-10 (1=poor, 10= best) 7 <br style="color: rgb(15, 35, 71); font-size: 13px; line-height: 19px; text-align: left; background-color: rgb(241, 241, 241); "> Please rate your Installment credit history on a scale of 1-10 (1=poor, 10=best) 7 <br style="color: rgb(15, 35, 71); font-size: 13px; line-height: 19px; text-align: left; background-color: rgb(241, 241, 241); "> Please rate your Revolving credit history on a scale of 1-10 (1=poor, 10=best) 7 <br style="color: rgb(15, 35, 71); font-size: 13px; line-height: 19px; text-align: left; background-color: rgb(241, 241, 241); "><br style="color: rgb(15, 35, 71); font-size: 13px; line-height: 19px; text-align: left; background-color: rgb(241, 241, 241); "> New or Used vehicle you are considering: Please very briefly describe. Either. ~$15k-$20k.

I have had enough with this monster on my shoulders. This is my first step in conquering my credit. I've read all of the beginner's documentation and there are just so many exceptions... I wanted to talk it out with you fine folks to get some specific feedback. Please let me know if I'm doing anything incorrectly or against the rules. With that said, I have all three of my reports and have gathered absolutely all of the data into a spreadsheet to keep track of that what/where/when/whos, etc... in my brain, it seems to make sense that I should attack what is farthest from falling off FIRST. There are four recent (under a year ago) accounts that have gone into collections. All of them are medical bills. All of them are legitimate. Three are with the same agency ($66, $70, $150) and the other is with a different agency ($325). These aren't exorbitant dollar amounts... but I know from reading here that if I just pay them, they will turn into "Paid, Collection" or something to that effect. I would love to have these removed, especially considering their age and amount. What would my first step be? Many thanks in advance! 05/07/12 Experian, 530 Equifax, 553 TransUnion, 544

Registered a while ago, but just starting down my repair path now. *crosses fingers* Wish me luck. I think I'll need it. And thank you in advance to anyone who might help me along the way.