Debt Consolidation, Counseling and Management
You're in debt and don't think you'll ever get out, maybe got some late payments, but are trying to work something out so you don't completely trash your credit. Discussion of Debt Management Programs, debt consolidation, settlement and consumer credit counseling programs.
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Our picks
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Collections, but Comcast didn't let me pay.
FixTheProblems posted a topic in Credit Forum,
Hello good folks,
Background: last October, Comcast locked my account because *a stranger* (mistakenly) paid for it with a credit card, and later disputed the charge with their credit card company and did a chargeback. Comcast made it so I couldn't use any type of credit/debit cards to pay. It took some give months to even expose this issue, as agents didn't know why my account was locked. I cancelled my account but they still wouldn't let me pay. Eventually, they sent it to collections, which very promptly hit my credit history with a "Collections" derogratory record.
Unfortunate timing, because I'm in the market right now for a mortgage. Without this note, my credit history is close to perfect, with FICO8 of 835+, and VantageScore3 of 810+. With this, the scores drop to about 710 and 760 respectively. Meaning, either mortgage denial or higher interest rate, leading to huge sums wasted.
My questions are:
1) What is the best way to get this rectified and get this record off my history?
- Is it possible to do a "pay for delete"?
- Should I be talking to Comcast or to the collections agency?
- Is there something I need to to in the interim, like disputing the record?
- What would be the fastest way to deal with this? Ideally, I want to apply for a mortgage in the next week if possible. If not possible, in the next 3-8 weeks.
2) Are there particular mortgage lenders that use a more favorable scoring so this one single negative record doesn't hurt my mortgage rate?
- My understanding is, FICO8 has this 120+ point drop for the first negative record, while other scores (like VantageScore3) doesn't drop so dramatically. Is this correct?
Thank you very much in advance.-
- 61 replies
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Titty Bank Wants More Smoke
RehabbingANDBlabbing posted a topic in Credit Forum,
So my DH had a Citi/Best Buy card that was charged off in 2017. After beginning our credit repair process, I noticed the account was reporting the payment history inaccurately on Equifax and Experian. We disputed many times, then ended up suing them for FCRA violations. They settled the case by forgiving the debt and deleting the account from all reports.
But now they’re back! In 2020, they sent us a 1099-C for an amount just a little bit shy of the balance. I believe it was just the principal balance, which amounted to $4,600. Well, as you know, it’s tax season. And who decides to send us another 1099-C for the same account/debt? Titty bank. They put the full amount of the debt this time; which was about $600 more than the first 1099-C they sent.
I have consulted my lawyer because it seems illegal for them to write off the same debt twice. He has advised we should sue them again. While I’m sure we can win the case, litigation and settlement takes about a year to do, based on our past experiences. It ended up costing us an extra $1,200 in taxes this year. What do y’all think? Should we spend more time and effort on this situation? I’m pretty sure Titty also violated terms in our settlement agreement for the FCRA case as well, in regards to them not pursuing further collection activity.
Any advice would be appreciated.-
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- 24 replies
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American Express Member Since
MP80 posted a topic in Credit Forum,
I have come across a credit topic involving data point information that concerns AmEx's D* policy (which no longer exists) which triggered and raises an important question that may be of interest to anyone who has an AmEx credit card in their relationship history with AmEx.
This is to give credit and courtesy to an excerpt from the @cashnocredit post...
"I had an Amex in 1974, which closed in the early 80s. Opened a new one in 2011 but they didn't backdate me then. Had no record of it (which was always paid on time)."
Question?
Does AmEx have all your previous applications and cards approved and store all positive and negative data indefinitely?
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- 42 replies
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Vig's Points, Miles, Cash Back, Earnings, Redemptions, and Shenanigans 2023 Edition
TheVig posted a topic in Credit Forum,
I decided to continue another year of my glorified spreadsheet. 2022 was a disappointment in the shenanigans dept. Most of the dive hotels I stay at did remodels during the pandemic. Not too many WTH moments. Disciplining myself to go under 5/24, allowed me to add a Chase CSP and CFU to the mix in 2022. The various dumpster dive apps I use paid off. To the tune of about $2000 in value.
Inflation being what it is, I'm more hyper sensitive than ever on what spend goes on what card, to maximize spend multipliers.
Credit Cards:
Amex Gold & Every Day MR 441,390
Amex Delta SkyMiles 205,415
Citi MileUp MC American Airlines 69,345
FNBO Amtrak Guest Rewards MC 135,948
Chase CSP / CFU Signature Visa UR 101,559
Chase IHG Traveler MC 66,064
BofA Customized Cash Rewards Visa (3% Travel) $0.88
Citi Double Cash MC (2% CB / TYP Everything) 21,186
Citi Premier MC Thank You Points 34,280
Choice Privileges Visa Signature 360,660
WF Active Cash Signature Visa (2% CB Everything) $87.44
Shopping Portals and Apps / Stacking Opportunities:
DOSH (CB) $18.56
Rakuten Amex MR Earning. Pays out quarterly. Points Pending: 6857
Fetch Rewards (GC) 27,439 Points
Ibotta (CB or GC) $7.65
Upside (CB or GC) $14.15
CoinOut (CB or GC) $8.65
Payce (CB) $18.97
Receipt Hog (CB or GC) 3156 Coins
Receipt Jar (GC) 2013 Points
Receipt Pal (GC) 4725 Points
Shell Fuel Rewards (Earning AA Miles 2miles/gal.)
Starbucks / Delta SkyMiles (Earn 1 SkyMile for every $1 spent at Starbucks)
AA Simply Miles
Airline / Hotel Dining and Shopping Portals
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- 170 replies
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When will this last baddie actually drop off??
tps7c posted a topic in Credit Forum,
Hi Everyone!
I have one last bad account, unfortunately a repo, that is still on my Experian and Equifax reports. Before Experian changed their report format, at some point last year the repo account said "on report until April 2023." Well, it's April and it's still showing. Could it be until the END of April? Would it be worth calling Experian's backdoor number and asking about it? Maybe sweet talking them to delete it early? lol
What do you guys think? In comparison, this account was scheduled to drop off my Transunion report in January and was gone in December. Equifax is the worst and it show dropping from the report in July.
Thanks guys!-
- 15 replies
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Posts
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Your State of residence AND the State the original judgment was filed is very important. IF they file to "domesticate" (enforce) the judgment in your current State you need to file an objection. Paying the CA is (IMO) a very dumb move as they may NOT have any legal right to domesticate the judgment. If you know how to look things up on the internet or have a friend or family member who is computer literate you can go to the County/ State Court Records website of your previous address and pull up what was filed. THEN, once you have that data you can look to see if the original filed judgment was assigned/sold to whomever is threatening action now. -
By carpedatum · Posted
I found this thread after opening a letter saying that Barclaycard US reduced my line of credit from $25k to $5019, claiming I wasn't using the card enough. I do use the card monthly, to autopay bills from providers that won't accept Amex, and occasionally for other instances where I can't use Amex. However, the only time we've gone over about $10k was while traveling in Europe, years ago. It got on my nerves, though, to get that letter while my wife was in Italy, and potentially facing some significant inconvenience over a big change made without warning. Also, this was such a strange move, and the new figure was so weird, that I wondered if I wasn't looking at a hoax. So I called Barclays, and much to my surprise (because talking to a person there has been historically difficult) got through to a rep pretty easily. They were apologetic and clearly had a script for this. While I had to hang up and go suspend the freeze on my TransUnion account, I got pretty much the same story when I called back. They did a soft check on my credit (and were very careful to explain that this would have no influence on my score) through TransUnion only and had my $25k line restored in minutes. Then I un-lifted the freeze. The whole episode was upsetting, but was over in less than 20 minutes. This doesn't excuse the practice. I think it just reflects a response to the level of ire that consumers have leveled at Barclay's for it. They agreed to put a "don't ever do that again" note on my account, but I very much doubt that will do much. Just the same, I do want to share this advice. If you just got one of those letters in the mail, call them right away and tell 'em how you feel. For me, at least, getting this bad deed un-done wasn't nearly as hard as I expected, and I really think that consumer pushback on this practice can make a difference. -
By supern8ural · Posted
I started carrying a Ridge wallet in my front pocket, FWIW. -
By melanie1805 · Posted
I'm considering buying a 10K gold herringbone necklace but wanted to get some opinions first. How durable are they for daily wear? Does 10K gold hold up well, or should I look for a higher karat option? Appreciate any advice! -
You have been asked several times about your State of residence now and they types of income you have so that we can advise you on what your negotiating strengths are. For example, I was able to negotiate a complete walk away with my creditors at one time - because I was totally uncollectable. My income at the time was Social Security (not garnishable by judgment creditors), pensions (same) and IRA distributions (also not garnishable). I banked far away from my home so they could not find my bank accounts. You seem to be stuck in the mindset of "whatever they want I have to do" and that just may not be the case.
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