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Michahellis

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  1. Thanks so much for everything. I haven't been a student for a long time, but like I said it's the only thing on my account. My folks have an excellent relationship with the local credit union so I think I might go that route. The co owner on my wife's cards is an interesting idea. I assume these cards would only start reporting to my card as of the time I am added? By which I mean any late payments etc from the past would not be transferred to my account? There were a couple of late payments in the last 18 months but everything has been perfect for the last year or so. Really appreciate all the solid advice once again. I'll be sure to post back with results of what I did. Dave
  2. I should mention that I am Canadian. I obtained my score from getting an online report from Transunion online.The scale runs from 300-900,so I assume that 795 is pretty good on this scale. Cheers, Dave
  3. I just got my credit report and score from Transunion. I made a huge mistake by having all account and credit cards in my wife's name for the last 7-8 years. The only thing showing on my credit profile are 16 paid student loans- all closed accounts. I don't have any current revolving or installment accounts.My credit score is 795, which I guess is not bad. However, I assume the fact that I have no recent history and no current payment history will likely prevent me from obtaining credit? Just wondering is my decent credit score would be enough to obtain an unsecured low limit credit card, or is it likely that I would only receive a secured card.Perhaps is I had a cosigner, I could receive an unsecured card? Dave
  4. I apologize I misunderstood you. I did have student loans and the total is correct. The loans were unpaid for various reasons. However, I have not acknowledged these loans in over 10 years.I have not even spoken to anyone about them.It was never my intention not to pay,but life circumstances dictated such, as well as a major mistake on behalf of the student loan people early on while I was still in school. Having said all of this these loans should not even be appearing on my record since they should have been statutes barred years ago. The SOL of limitations in Newfoundland (where I got the loans and presently reside) is 6 years.This does also apply to all student loans. These loans were part bank issued (private) and federal.As far as I know all student loans fall under the SOL in Newfoundland.In a couple of provinces there is literally no SOL for loans but I'm pretty certain that in Newfoundland it's 6 years and after that period of time derogatory items have to be removed from your credit report.However positive items may remain for up to 20 years. I guess my question is, would these records look like unpaid student loans to possible lenders? If not then what could they represent? who could assist me in finding out for certain if these loans are in fact, stature barred, as I suspect them to be? Dave
  5. It didn't actually say blank, there just wan't anything there.There were a number of categories in a chart and charge off date, first delinquency and and balloon payment date were in the same column but the areas allotted for them were left blank.I assume if they were actually charged off then the date for the charge off would be listed? I kind of assumed that those categories were just always listed but would be left blank if they were not applicable. If it isn't a change off, then how does it look? Dave
  6. I'm just wondering how the following record would look on my credit report.These are 16 of these which differ only in the high credit amount. Royal Bank of Canada reported date: Jul 01,2000 Opened Date: Sept 01,1995 Last Payment Date: Jul 01, 2000 Comments: Student Loan.Paid ---- This indicates the loan was paid right? Charge off Date- blank First Delinquincy-blank Baloon Payment- blank High Credit: 1246 Credit Limit:0 Balloon Payment Amount: blank Past Due: 0 Balence: 0 Charge Off: blank Terms: 0/O (open account/too new to rate,approved,but not used Account Type: 30 Day Open Current Payment:O/0- TOO NEW TO RATE Payment History 30 60 90 0 0 0 Dave
  7. I'm just wonder what a potential lender would think when they see 16 records just like the one I posted above.How does this look?Do these records appear to be ongoing or closed out.They still show as open accounts even though in the comments it says, student loan,paid.Also, they are coded too new too rate.approved, but not used.What does this mean exactly. If these are the only records on my account do I appear basically the same as someone who has never had credit? Dave
  8. As far as I know the SOL in Newfoundland is 6 years for negative notations. I was advised by someone earlier that these items are not considered negative so they can remain on my credit report for up to 20 years. My primary concern was that these were not going to be viewed negatively by lenders.Thanks so much for your reply. Cheers, Dave
  9. Just wondering how the below looks on a credit report.I have 16 such student loans showing,from 1995-1999.The one listed is an example,they are all identical except for different values in the high balance category.I'm in Canada and these loans were taken out in Newfoundland.I'm especially curious about the open account/too new to rate status.What does this mean?In the comments section it says student loan paid.Are these paid?Are these negative notations on my report? Any information is helpful and appreciated! Royal Bank of Canada reported date: Jul 01 Opened Date: Sept 01 Reported Date Jul 01, 2000 Comments: Student Loan.Paid Charge off Date- blank First Delinquincy-blank Baloon Payment- blank High Credit: 1246 Credit Limit:0 Balloon Payment Amount: blank Past Due: 0 Balence: 0 Charge Off: blank Terms: 0/O (open account/too new to rate,approved,but not used Account Type: 30 Day Open Current Payment:O/0- TOO NEW TO RATE Payment History 30 60 90 0 0 0
  10. I posted this is in the Canadian credit forum as well, but in case this one received more traffic I thought I might post here for some people who might be familiar with the credit situation in Canada as well. I pulled my credit report today.The only thing showing in the accounts section are past student loans from Sept 01,1999 to Sept 01,1999. It shows the last payment for all loans as July 01,2000. In the comments under each loan is says, 'student loan.Paid. There are a total of 16 loans all with the Royal Bank of Canada.Below is an example of one of them.My question is what does all of this mean?How would a potential lender interpret this.Are these considered derogatory remarks.Given how old they are, they are likely covered under the stature of limitations for Newfoundland given I have not acknowledged them in any way.If possible, how can I get these removed from my credit report.Given that this is the only thing listed in my report would I look like a new creditor,given there are not any R9's or bankruptcy's etc. Royal Bank of Canada reported date: Jul 01 Opened Date: Sept 01 Reported Date Jul 01, 2000 Comments: Student Loan.Paid Charge off Date- blank First Delinquincy-blank Baloon Payment- blank High Credit: 1246 Credit Limit:0 Balloon Payment Amount: blank Past Due: 0 Balence: 0 Charge Off: blank Terms: 0/O (open account/too new to rate,approved,but not used Account Type: 30 Day Open Current Payment:O/0- TOO NEW TO RATE Payment History 30 60 90 0 0 0 Cheers, M
  11. I pulled my credit report today.The only thing showing in the accounts section are past student loans from Sept 01,1999 to Sept 01,1999. It shows the last payment for all loans as July 01,2000. In the comments under each loan is says, 'student loan.Paid. There are a total of 16 loans all with the Royal Bank.Below is an example of one of them.My question is what does all of this mean?How would a potential lender interpret this.Are these considered derogatory remarks.Given how old they are, they are likely covered under the stature of limitations for Newfoundland given I have not acknowledged them in any way.If possible, how can I get these removed from my credit report.Given that this is the only thing listed in my report would I look like a new creditor,given there are not any R9's or bankruptcy's etc. Royal Bank of Canada reported date: Jul 01 Opened Date: Sept 01 Reported Date Jul 01, 2000 Comments: Student Loan.Paid Charge off Date- blank First Delinquincy-blank Baloon Payment- blank High Credit: 1246 Credit Limit:0 Balloon Payment Amount: blank Past Due: 0 Balence: 0 Charge Off: blank Terms: 0/O (open account/too new to rate,approved,but not used Account Type: 30 Day Open Current Payment:O/0- TOO NEW TO RATE Payment History 30 60 90 0 0 0

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