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brewmastr

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  1. Yes DTI. I was informed to maximize my purchasing power to pay off as much as I could. Homes are quite expensive here in the PNW and I am single. I have a car loan of 30k and a personal loan of about 13k right now and with credit card debt on top of it, my pre approval is only about 300k, if i could even somehow bump that to 320k that would greatly open up my options in the area. I am looking at doing FHA 3.5% down. Really it would be nice if I could get someone to sit down and give me a road map on how to make this plan happen but the 2 banks I have talked to have been quite short with me and offer no real assistance or guidance.
  2. So years 5-7 years ago when I was in the process of rebuilding my credit I had my mother put me as an authorized user on 2 cards on her credit to help boost my score while i rebuilt my credit. Today those lines are still reporting and one is showing a 5k balance and the other a 4k balance that is hurting me in the process of getting a mortgage. Can these be excluded because they are technically not mine or should I get myself removed as an authoized user? The only reaon im hesitant to do remove myself is im not sure if it will negatively impact myself in terms of age of account. I have a lot of other credit accounts now that have and my score is in the mid 700's on all 3 reports but those are the longest accounts on my credit history.
  3. Good to know, Do you think doing an online dispute would be enough?
  4. This item does not seem to be impacting my score, but then again I really have no idea how much it is overall. I have a tax lien reporting on my credit report that is closed and paid for about 10 grand. I actually never owed the amount, it came down to my fault of not reporting moving from Oregon to Colorado and somehow the state of Oregon thinking I worked in the state for the year of 2014 when I filed my federal taxes blah blah. Long story short, never owed the money, got it corrected with the state they closed the judgement and it shows as paid on my credit report. What is the best way to go about getting this removed? Thanks for your help.
  5. I have 2 medical collections showing on my credit report that I am looking to get rid of. I have tried disputing them before but have not gone through the WhyChat process yet. My question here is the date reported on my credit report. They show Feb 14, 2012 as the date the accounts were opened but the event that took place happened 8/2011. Everything was billed from the hosptial by October 2011 as there were many charges for what had happened. It seems the date of the account is incorrect. Is this enough of a technicality to get them on. I have been trying to deal with this with a pay for delete for years and now its outside of SOL so I am just anxious to get this gone without waiting until next year. Any advice on how to tackle this would be great. Thanks for your help.
  6. Ok so capital one does not like to make deals..... That is unfortunate but I also do see instances here where they have made deals. So again I will ask this question, the question I have been asking from the start and is being danced around. What if anything do I have to lose by sending the letter and is there a better method to attempt such as disputing the repo deficiency etc....
  7. well the assumption that jenny and jug have is that i would just up and pay without an agreement to delete, which just would not happen. So the serious question here is besides the obvious amount of $1400.00, what would i have to lose? If they say no they dont get any money if they say yes they delete the information. Am I seeing anything incorrectly here? OR is there another way that would be suggested to go about getting a deletion besides waiting it out, im open for suggestions.
  8. i dont think your on the same page here.... the only way i would pay it would be for an agreement for them to delete it from credit file. otherwise i wont touch it.
  9. how would it not help but hurt..... Sincere advice would be appreciated. Im paying a high interest rate on some loans right now that could refinance to a much lower rate if my credit was better. Thoughts?
  10. I live in Oregon, as far as the dofd im not 100% sure, i think june 2009, the car was repo'd sept 2009.
  11. OK so assuming this is beyond the SOL..... What is the best way to get this off my credit report, this is my only neg and it hurts my score tremendously.
  12. Hey guys, I have a repo from Capital One Auto Finance that occured sept 2009. I have looked through whychat's information but to be honest im confused on what the SOL is as i purchased the car in washington state and now reside in oregon and what the best way to remove it would be. However i did receive a letter stating they would settle the account for $1400.00, The deficent balance on my credit report is 7500.00. I'm thinking of doing a PFD letter for this $1400.00. What do you guys think? Here is what ive drafted so far. Thanks for any input in advance. Capital One Auto Finance 3901 DALLAS PKWY PLANO,TX 75093 Account #: Amount: $7,618.00 To Whom It May Concern: I am writing regarding a closed negative account on my credit report with Capital One Auto Finance showing a balance of $7,618.00. I received a settlement offer from your company for $1400.00 to settle this account. In the spirit of compromise. I am willing to settle this account for the amount of $1400.00 if you agree to immediate deletion of this account from any and all credit reporting agencies (Equifax, Experian and TransUnion). The purpose of this settlement is merely to have this item removed from my credit files. It is not to be construed as an acknowledgment of liability for this debt in any form. If you agree to the terms and accept this agreement, certified funds for the settlement amount of $1400.00 will be sent to Capital One Auto Finance. In exchange for full deletion of ALL references regarding this account from my credit files and full satisfaction of the debt. As certified funds will be used for payment, there shall be no waiting period regarding the deletion of this account from the credit reporting agencies. Capital One Auto Finance agrees to delete ALL information regarding this account from the credit reporting agencies WITHIN TEN CALENDAR (10) DAYS following receipt of payment as specified above and will not discuss the terms of this settlement with anyone, excluding your client on this account. If contacted by any third party, including credit-reporting agencies, Capital One Auto Finance will not acknowledge that any settlement offer was made, accepted or executed and will, in fact, deny knowledge of any such account. If you agree to the above terms, please prepare a letter on your company letterhead explicitly agreeing to the same terms as the above settlement offer and have it signed by an authorized representative of Capital One Auto Finance. It will be implied that this letter shall constitute a legally binding contract, enforceable under the laws of Oregon. Your response must be postmarked no later than 15 days from your receipt of this settlement offer or this offer will be withdrawn and I will request full validation of this alleged debt, as provided for by the Fair Debt Collection Practices Act. Please address all correspondence regarding this account to: My Address
  13. As a mechanic in the luxury automobile segment i can tell you that it is peace of mind assurance if something is to happen within the period of time you have coverage. A service contract from the manufacture is best if possible or buying certified pre-owned. I can also testify as to countless times customers have recouped there money with such a policy.
  14. does it not matter to have both signers credit information?? the application is exactly in the format given in the pinned topics with the only exception being i listed both me and the co-signer.
  15. Credit Application: Your Age? 31 Your Equifax Credit Score? 540 Your Experian Credit Score? 570 Your TransUnion Credit Score? 570 How many years have you been on file with Equifax? 13 How many years have you been on file with Experian? 13 How many years have you been on file with TransUnion? 13 YOUR PREVIOUS AUTOMOTIVE CREDIT HISTORY Do you have an open auto loan? yes Will this open auto loan be a trade-in? yes How many late pays within the last 12 months on the currently open loan? 0 How many late pays within the last 13-24 months on the currently open loan? 0 Your current open auto loan is financed with? Reliable Credit Your current open auto loan payment is? 469.13 Estimated amount you may be upside down in this vehicle? 3000.00 Rate your payment history on this open auto loan from 1-10 (1=poor:10=Best) 10 YOUR REVOLVING CREDIT HISTORY Total number of revolving account(s) you have? 1 Total percentage utilized overall? 50% 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) 1 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? 1.5 years Do you Rent or have a Mortgage, or Live w/Relative or Other? Rent Your Monthly Rent or Mortgage payment? $1000.00 How long have you held your current job? 1.5 years Your total provable monthly gross income is? $4500.00 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? none Describe the source. Is the additional monthly income provable? 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.) $0 Does any credit repository contain any Public Record? no If yes, please very briefly describe. Does any credit repository contain any Collection Account(s)? yes. Medical collection account for about $5,000 Please rate your overall creditworthiness on a scale of 1-10 (1=poor, 10= best) 5 Please rate your Installment credit history on a scale of 1-10 (1=poor, 10=best) 5 Please rate your Revolving credit history on a scale of 1-10 (1=poor, 10=best) 5 Co-signer Your Age? 56 Your Equifax Credit Score? 750 Your Experian Credit Score? 770 Your TransUnion Credit Score? 754 How many years have you been on file with Equifax? 36 How many years have you been on file with Experian? 36 How many years have you been on file with TransUnion? 36 YOUR PREVIOUS AUTOMOTIVE CREDIT HISTORY Do you have an open auto loan? no Will this open auto loan be a trade-in? How many late pays within the last 12 months on the currently open loan? How many late pays within the last 13-24 months on the currently open loan? Your current open auto loan is financed with? Your current open auto loan payment is? Estimated amount you may be upside down in this vehicle? Rate your payment history on this open auto loan from 1-10 (1=poor:10=Best) YOUR REVOLVING CREDIT HISTORY Total number of revolving account(s) you have? 7 Total percentage utilized overall? 10% How many of your revolving accounts are store cards? 1 How many of your revolving accounts are major credit cards? (i.e. Amex, MC, Visa) 6 How many of your revolving accounts are known subprime credit cards (i.e. Aspire, 1st Premier) 0 YOUR PERSONAL INFORMATION How long at your current residence? 8 years Do you Rent or have a Mortgage, or Live w/Relative or Other? mortgage Your Monthly Rent or Mortgage payment? 1100 How long have you held your current job? 25 years Your total provable monthly gross income is? $8300.00 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? no Describe the source. Is the additional monthly income provable? Spousal income is not applicable. YOUR DOWNPAYMENT Please tell me your exact down payment in cash? 0 Does any credit repository contain any Public Record? no Does any credit repository contain any Collection Account(s)?no Please rate your overall creditworthiness on a scale of 1-10 (1=poor, 10= best) 10 Please rate your Installment credit history on a scale of 1-10 (1=poor, 10=best) 10 Please rate your Revolving credit history on a scale of 1-10 (1=poor, 10=best) 10 Car is a 2007 BMW 550i 70,757 miles, asking price is 18,599, I am an employee of the corporation selling it so my price is about 14,500, plus the negative equity on my existing car, im trying to lower my car payment with a strong co-signer and free up some monthly income, i really dont have any money to put down at the moment.

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