SJP

Thanks for the reply. I was looking for answer to the DOLA question. I'll go ahead and order hard copies of my credit report then. Cheers /JP

Bump^ I am interested in knowing the answer to the first question too.

^bump^

Thanks for the replies... I did look up the fico08 and what i figured was that it's not in action yet and till it kicks in, I might get some advantage. Is this right ? Also the card that I mentioned in the first post has nothing charged on it now, so the full CL is available and I wasn't planning on using it but just to have it in my CR so the utilization ratio will go up and there will be something in my CR other than the 5 COs totaling 11000$. I am planning to get a secured Credit card from Wells Fargo where i have a checking account for almost a year. The card in question is an MBNA card. Do they report AU accounts to CRAs ?

Hi, I have about 5 COs in my account totaling about 11,000$ and no new +ve TLs . I am planning to start building my credit by getting a couple of secured credit cards. So my wife with great credit (score in the 800's) suggested that she would add me as an AU for a card she has from early 1990's with a CL of 50,000$. Would being an AU on this card help my utilization ratio ? Would this help improve my score ?

I was looking at similar ideas as no CA shows up on my CRs... all are COs from the OC themselves. SO I figure that coming up with something other than 'not mine' would be more useful for me. I was looking for alternate ideas and found this. Could you please update this thread with the result if you actually try this. By the way, Could jack1212 or anyone look at the only thread that I started for advice regarding my situation and ideas for disputing...( I'm not trying to hijack your thread )

bump

Thanks for the reply and I will keep on reading. This is what I was thinking too regarding the SOL. But I was just trying to get a plan ready by the time SOL expires next month and to read up specifically based on what people think on other issues that I mentioned. It's mostly because I have charged off accounts showing up on my CRs but no collection agencies or JDBs and I haven't had any communication with any of the OCs in almost 3 years. and my doubts about disputing these accounts as 'Not mine' is b'cos they are still with the OCs. So again, when I go about disputing these accounts with the CRAs, what is the best reason for dispute that I could give. So does anyone have any opinion regarding my first question ?

bump.... anyone please

Hi, I have been a member for a few weeks and have been reading up on credit repair and I have a few questions regarding how to go about credit repair. First I'll give a brief history before asking the questions : I had a total of 5 CC when I was in college from 2003 and 2004. I used them while working an 8$ part time job for about 15 hours a day and soon couldn't even pay the minimum balances and stopped paying altogether in Feb 2005. As soon as I couldn't pay, I moved out of my apartment and moved in with friends. I have never changed by address since and never received any letters or phonecalls that they might have sent to my old apartment. Now I don't have a car or apartment in my name and live of pay checks and pay cash or use my one debit card. The only proofs of address is that the internet/cable bill is in my name and I pay the bill on time and the debit card statements. The CC details and what shows up on the CRs are : 1) Amex - [u]CL[/u] of 3200 - [u]Max bal[/u] - 3000 - [u]Status[/u] - Closed and charged off in TU, EX and EQ 2) Citi Mastercard - [u]CL[/u] of 5000 - [u]Max bal[/u] - 3800 - [u]Status[/u] - Closed and charged off in TU, EX and EQ 3) Chase - [u]CL[/u] of 400 - [u]Max bal[/u] - 400 - [u]Status[/u] - Closed and charged off in TU, and EQ || shows "0" balance and sold to CA in EX 4) Capital One - [u]CL[/u] of 500 - [u]Max bal[/u] - 500 - [u]Status[/u] - Closed and charged off in TU, EX and EQ 5) M&I bank - [u]CL[/u] of 1200 - [u]Max bal[/u] - 1100 - [u]Status[/u] - Closed and charged off with 0 balance and sold to CA in TU and EQ || Does not show up in EX. - No CA entries are on the CRs and I have no good entries and all the above accounts show up in the derogatory section. All FICO scores are in the 550's range. All these cards have my old address(3 years old now) and are mine. But they all have got new fees and charges and have added about 5000 more to the initial amount. I still haven't updated any of the CRAs with my new address even though I have been living at this new address for 3 years now. All these OCs update my CR every year and since I never applied for credit in the last 3 years, I have only 2 hard pulls on my CRs in the last 2 years. I have been under the Radar for all this time. Now I am out of college and have a steadier job. I would like to pay off some of these(or do whatever I can) with some 1 time payments or get them off with disputing if I can do that. I cannot pay them the huge amounts they have become - like 8000$ for the actual 3800 $ balance on my $5000 citi card. So here are my questions : 1) Can I dispute these with the CRAs and get them off my CR. If so, do I dispute them as 'not mine' or something else or is there some other way to go about it. 2) SOL for my state is 3 years which is about to be up in a month. SO should I wait till the SOL is up before I do anything ? ( I think I should wait a month more before contacting them and I am just trying to get all the documents ready) 3) Can I contact the OC of charged off accounts(3 of the are still with OC) and negotiate for a smaller amount of settlement ?