utbound

I received a letter stating that my card would be "transitioned". Although, they didn't use the phrase secure to unsecured, I'm sure that is what they mean. I'll post and update when anything changes. P.S. HI have 2 secured cards with them for at least a year

Sorry wasn't clear, they no longer appear on MyFico but I'm sure they are still on my actual reports. I'm not sure which report they are pulling yet but I'll find out on Monday. EQ is the lowest of the 3 so this "temporary" increase does help (if they rely heavily on score instead of a manual report).

Submitted a dispute of 3 really old accounts (out of SOL) just because. To my amazement my score jumped 30+ points and these accounts are gone. Now I realize this is temporary and if they validate the accounts they will reappear. But what intrigued me about this is, this may be a strategy to increase your score temporarily. This is a big deal to me because it just so happens that next week my credit will be pulled for a PG on an office lease. Any one else experience the instant jump in scores when submitted a dispute? BTW, I did them online and it was through Equifax.

The business was started this year, so no tax returns yet. I'm an employee-shareholder (S Corp) so I get a yearly salary with paystubs. Is it only based off tax returns for the business and current job or will paystubs and bank statements work? What about if I put 50-60% down on a cheaper home (like 80K)? I would be open to a non-conventional loan so long the capped interest rates make sense. With financing 40k the home would be paid off in 2 years.

One has to ask how you got yourself into the situtation your in with low credit scores and with a $100,000+ salary a year why are you taking a loan out for a 72 Month Auto Loan, kudos for being a year ahead but sorta doesn't make sense unless its like a dodge viper or something LOL What happens if he can't pay the rent? Does he get a free pass or whatever... I'm in the process of getting a mortgage as well but if your making the salary that you say you are at only 23 years of age then why take out a 6 year car loan and have low credit scores to begin with? I'll let the pros chime in but just flags that raised. Good question. I've been with my current employer for a little over a year. I got the car in Mar but again my credit is not strong so I received a high interest loan rate with a long term. But it really doesn't matter sense it will be paid off soon (or at least refinanced). It's not that my credit is horrible even though the scores would indicate otherwise. With me being young I have a very thin file so the few negative things on there (old stuff from when I was 18) weigh down my score ALOT. Just an assumption but if scoring was based off the last 2 years only I would prob have scores in the high 600s "What happens if he can't pay the rent? Does he get a free pass or whatever... " Well in his years of renting and owning a home he has never been late. But of course no one can predict the future, however, if it happens then we will have arrangements to have the skipped payment prorated over 1yr period or some other feasible plan. Regardless, I took into account the monthly cost I would incur if rent was never paid and it's something I can handle.

I have been strongly considering helping out my Dad by purchasing him a house. I also want to get into real estate for long term investments while it's a depressed market. I didn't think that I would be considering it this soon (still in the process of repairing credit and such). Here is my current situation, let me know if I have a chance or what my best option is... YR Income: $100k+ (Full time & own a business) Credit: FICO scores are bad (around 550 for one and 650 for the other) "Recent" credit history is great though, -72 month auto loan opened 03/11 -1yr ahead on payments. -4 credit cards with low limits but always PIF and stay between 5-15% utilization. (oldest card only a year old) -1 installment that will be paid off before I even apply for mortgage loan Anticipated home value: 100k Down Payment: $30k If I can find them a decent home for less then that will be the route I'll take. Not that they can discriminate against age but I will be 23 next month so I haven't been able to build a solid credit file. However, I'm hoping with income, assets, and a nice down payment, credit wont hinder my ability to get approved. My dad would pay rent on the house. My plan is to have it paid off way before the end of term. Ideally, I would like to make a purchase in Jan or Feb since his lease will be up at that time. Otherwise, I'd just wait and pay cash. What are my chances/options? Thanks!

I understand that the CA does not have to remove a baddie if you resolve the outstanding balance. Also, paying sometimes has little impact on your score (of course this varies). However, I'm assuming it has a larger impact on a creditors decision. For example; 1) I have a collection account for $500 and pay the balance but it still remains on my credit and my score drops a few points (hypothetical) which happens sometimes b/c the activity date is updated. 2). I have a collection account for $500 and do not pay the balance but my score is a few points higher than the above example. So in this example even though the score is higher in the second scenario I would assume a creditor would grant credit to the person with the 1st scenario rather than the second. Am I correct in making this assumption? Thanks!

A while back I noticed a Tax Lien on my credit. I was told it was due to unpaid taxes on my old business. After clarifying that the business was closed, they said I was right and it was an error. End of story. Couple of years later I noticed the tax lien on my credit. Contacted Harris (Texas) County Clerk and obtained a "Release of Tax Lien: Filed In Error" letter. Now the important part of this is the fact that it was filed in error and the letter even stated so. I sent a certified letter stating the circumstances (quoting TFC) and what I expected to happen (remove the erroneous entry within 30 days). Now this is the good part; today I get a letter from Transunion which reads something along the lines; Results: Updated Harris County Clerk Type: Paid Tax Lien Date Filed: 04/2099 Date Paid: 05/2009 So instead of deleting this invalid entry they updated it with false information. How the &*^*& can they say I paid the tax lien when I haven't sent a dime and sent them a letter that said it was an ERROR. OK, I'm finished venting. Can someone please tell me how I can get this resolved? Thanks!

Both really. I will check it out.

I currently use the following; freecreditreport.com Premier credit manager creditkarma.com myfico.com I understand not all of those offer daily pulls but I need to find some more. Thanks!

15% Like I mentioned this will be for the short term since I'll prob refi in a few months.

think about it, if u refi now then u will have 2 tradelines!!!! 1 paid with some age and a "new one" for the refi thus bumping your score!!! I actually did think about that. Wasn't sure if it necessarily worked that way. Thanks for confirming.

I have an auto loan through Citi with a subprime rate. I'm 6 months ahead in payments. I have two goals here; one is to improve my credit with this auto loan and two is to reduce the interest or at least pay off early. So which option would be better for me? 1) Pay off loan early and do not refi (14K balance) estimated payoff in 1 year or sooner (loan is 6 months old) 2) Refi in a few months at a better rate. I will still pay off before its due but I will let it mature a little longer since I will be paying less interest. I want to improve my credit but also save money by reducing interest rate.

I noticed a State Tax Lien on my credit. After investigating (and some help from fellow members ), I found out the lien was placed in error. I received a Release of Lien from the County. I'm supposed to send this to the CRA so they can remove the Public Record. My question is; what "type" of letter should I include? Just a general letter explaining the circumstances and my request or a demand outlining TFC or other applicable laws. Not sure what approach to take since this is the CRA and not a scummy CA. Looking forward to having my scores improve after this is removed. Thanks!

I see. Having this on my credit messes with my utilization so should I try to settle and pay the balance? I know it will still remain on my CR(assuming they don't go for PFD) but it wont effect utilization. Or just leave it as it is? Thanks for the help, I'm learning