Colbiz

In April of this year I traded in a car for a new one. The dealer paid off the old car balance which was approx 1200 at the time. In June of this year we get a check in the mail for an over payment from the auto loan company for $9000 the original amount of the loan. I called the lender 3 times and explained this was an error, each time I was told it was an over payment. I mailed the check back and it was returned to me as an overpayment. I checked w/an attorney who advised to put it into a savings account and not touch it...which I did. Now I see on my credit report my score has dropped 105 points YIKES and it is showing 90 days late payment to this Auto company. So I call them and explain the situation and every rep I speak to tells me that my account is paid and there is nothing they can do...well now what?? I told them I'll mail the money back, but they just keep saying the balance is 0...I've never heard of such a thing! Can anyone help?

Thank you Thank you everyone who helped along the way or just posted things I've read and learned from. When I started CB in July 06 my scores were 516 522 531 Today they are all over 650 and yesterday (678, 651, 667), I got to close on a home which would have NEVER been possible w/o all your advice and guidance. I'm so happy I could cry! It was a lot of work, time, effort, aggrivation and fighting w/creditors but it does pay off so don't ever give up any of you! Persistance does pay off as you will hear a million times on here. We got 100% financing at 6.50 fixed for 30 yrs!! When I started here they wanted 15% down at 11.25% AMAZING!! So of course w/the house I had to apply for home depot..instant approval 5000 I'm just so happy, I want to hug you all!!! Thanks for making me grow up, learn and be responsible!!

That is awesome !!! I see you had only 3 positive trade lines, and I had a question?? What did you do to get 13 positive trade lines so quick without dropping your score? I have heard (and it says on my credit report) too many new trade lines can harm your score (that was only2 new lines) could you share your secret? What tradelines did you open? Or did you do more repair to the ones you already had?? Man, again, CONGRATS on your new scores, that went up really quick!! I added 10 positive accounts...2 juniper, walmart, target, hsbc, crown jewelers, hooters, citiadvantage, amex au, got past providian to take away late pays deleted 6 collection accounts, w/o paying them, paid for deletion 2 others I think I had so many bad accounts I had nowhere to go but up..deletions seemed to have helped me the most.

HAAA!! The 2 remaining Pain in A$$ collection accounts of the year go to: #1 LVNV/Resurgent whoever they want to call themselves today, but I've got a pile of violations for them. I will not surrender and will go forward w/a lawsuit if needed, but right now I have to close on the house first. BTW, they are not requiring I pay this collection off. #2 NECC, same story almost, they try to ignore me, but I'm starting to get their attention. No chargeoffs all went away, except 2 I settled before CB of course, but since been deleted.

I've gotten my scores up from the low and I mean teen 500's from 7/06 to present at midscore of 640 thanks to the help of credit boards. Today I was approved, pending verification of everything, but I didn't lie at all so I'm not worried from one bank for 265k FHA 2.25% down 6.50% fixed 30 years. I also was approved 265k 6.62% 100% financing regular conventional loan. YAY!! I was looking at 9% and at least 15-20% down 3 months ago. I know the basics don't mess up my credit before i close, don't charge stuff, open new accounts, etc. What else do I have to worry about? Now, I have more questions of course. Which is better? FHA or regular? they are both fixed but the conventional has lower closing costs. Also the offer we put on a house was 230k but its a forclosure, I've checked on taxes and liens it appears all that's owed is a water bill and a trash bill, what else should I be on the lookout for. I would appreciate any help. Thank you!

When I signed up my scores were 506 513 523, today they are 659 648 640 in less than 90 days. My goal, to get responsible and hopefully buy a house one day. It took a lot of persistance, alot of long hours and lots of money on postage, but today I finally got approved for a mortgage of 265k 6.5% 30 years fixed 100% financing. Even though I will be putting money down Thank you all so much, for your advice, support, and time. You helped me tremendously. I still have a ways to go, but for now lifes looking good. I started with 3 positive tradelines and 11 negative. Today I have 13 positive and 2 negative! Any newbies, I still consider myself a newbie, but don't ever give up! These people know their stuff and like I said persistance pays off, learn learn and learn! It will pay off!

Providian account was 606 now 1254 7/15/06 send DV letter no response once cmmr recvd disputed w/CRA 7/26/06 verified w/CRA's 7/20/06 8/15/06 sent second DV no reponse from LVNV again verified w/CRA within days 8/31/06 dispute w/cra again 8/31/06 email resurgent to let me know what is going on here 8/25/05 recv total bs verification this is your account, this is what you owe, blah blah blah no proof whatsoever-NOT VALIDATION 9/28/06 letter from Resurgent we are investigating your claims and will get back to you 10/1/06 letter sent simutaneouly to lvnv/resurgent same addresses both cmmr recvd back the letter listed all violations, demanded deletion, etc. 10/2/06 disputed w/cra's again 10/4/06 they verify it again 3 days later!! 10/4/06 I called them, recorded, was told they requested proof from OC on 9/6 and haven't received back yet, asked how they can possibly verify if they just admitted they have no proof, they told me they don't need proof they just need to know what is owed, they can request proof after the fact. I then said so you can verify information to be correct when you have no idea if it is accurate at all? he asked me if I filed a police report if this was not my account, to which i said no the police aren't accusing me of owing them money you are, I requested proof over 90 days ago, you are saying you don't have proof, you have validated anyway and you are in hopes of someday getting proof correct? To which he says this is a valid debt it can take up to 30 days to get the documents to you from the OC. I say it's been 90, where are they? He said ma'am if you are not going to pay this then we have no where for this conversation to go thank you for calling our disputes dept. NOW WHAT? I can't take anymore.

Great Info..Thanks to All of you. I'll hold off. I've got a lot of new positive tradelines going for me already so I'm happy!

the 2 derogs are cap one cards paid chargeoffs from about 8 months ago for 750 and 1000, Paid before I found CB of course I have 0 collections now, last one dropped off yesterday and raised my score 22 pts 8 inq I'm worried about new accounts too, have opened 2 juni's that are reporting w/i last month

I've been reading and it seems like conflicting posts about Amex Delta Skymiles and Gold Rewards being the easiest to get. My fico's today are TU 649 EX 619 EQ 645, should I wait, or do you think it's worth a try? 0 deliquents, 2 derogs, low utilization about 20%. Any advice would be appreciated..thank you.

I called, Tools was correct it was added in error and they said they would credit both. For anyone wondering, they also said that the 0% bal transfer for 6 months is good as long as you receive that offer w/your packet which DH and I both did You still get a 9.00 transfer fee, but no interest for 6 months. They are very nice, and extremely helpful so far.

I have read and also read when I applied that there is no annual fee the first year and 79$ annually after. I checked my account online and it was charged the annual fee of $79.00 for the account I just opened last month. What am I missing? Did anyone else get charged the fee right away? DH's shows the fee as well. Carnival has no fee. Why does everyone seem to combine the cards to US Air's, wouldn't it be better to combine to the one w/no fee? There must be some benefit I'm not seeing to combine to US Air w/the fee. TIA

This is the exact same response my BBB complaint got. I responded that I did not accept thier explanation or whatever they call it. If you'd like I can PM my explanation to you. Just don't want to share too much on here as it's active and I will file suit if needed. I also complained to Atty Generals of IL at same time, I recently received a ltter from the Atty Generals office saying they were forwarding my complaint to Afni. Afni, was supposed to respond to my rebuttal a couple days ago to the BBB and has not.

I did complain to the Atty General's office in IL, also to the BBB and the FTC. Next step is suing them. I've got about 3 pages of violations. I just can't believe they may be adding yet another.

Equifax Alert Summary of Changes to Your Account Now reporting as: ANDERSON FIN NETWORK/BLOOM , xxxxx Date Opened 10-2005 Account Status:Refinanced or renewed Balance:$155 Past Due: $155 09-2006 Consumer disputes this account information , Collection account Was reported as: ANDERSON FIN NETWORK/BLOOM , xxxxxxxx Date Opened:11-2005 Account Status: Bad Debt; placed for collection; skip Balance:$155 Past Due:$155 09-2006 Consumer disputes - reinvestigation in process They've also moved it, it used to appear under revolving accounts, now it's under "Other-accounts that do fit under any other category" section of report...I never knew there was an "other" section.