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BringMeTheHorizon

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  1. I also have student debt (& a PhD). I get where you're coming from. You may have to wait until you have a job where you earn enough income to qualify for a mortgage. Not all lenders will lend to those who are on the PSLF plan, but there are some who will. Basically, you will be paying around 15% of your income to your student loans until your loans come up for forgiveness in 10 years (unless politicians make a change--and if they do, let's hope it's in our favor). They will use the remaining income (minus other payments, e.g., car pmnt, credit card pmts) to calculate your debt to income ratio. Once you have that stable payment history (about 6 months) and your Debt to Income ratio is right (depending on what you want to buy), you should be able to qualify for a mortgage. I would work towards keeping balances low, and paying off what you can until then. Good luck with your dissertation and your defense. And I hope you get into a new home soon!
  2. I am in a similar situation (looking for a HELOC on a home I own with no mortgage). I recently had a conversation with my CU who told me that they don't really look at credit ratings so much for HELOCs. They look at amount of equity you have in the home, & your ability to repay (wages/income). For example, it sounds like you have $150,000 in equity. They would loan you up to 80% of that. The credit score was less important, she said. Hope that helps.
  3. Okay, wow. I was reading the thread (posted above) and decided to give TU a whirl. I disputed online with TU - I checked the 'too old to be reporting' box. It came back within an hour! It's been deleted! Onward to EX and EQ (will probably just call them). I'll keep you posted. Thanks you guys!!!!!
  4. Thank you, shifter! Do you think I would have better luck calling them, writing or trying online?
  5. I couldn't find it either. That's why I posted this question. Thanks for checking in though.
  6. On the paper reports: Equifax states "The account is scheduled to continue on record until Jan 2020." It does not have DOFD listed. Only Date opened & First reported (May 2016). TransUnion states "Estimated month and year that this item will be removed: 03/2020" Placed for collection 03/31/2016 Experian states "Date of 1st Deliquency: 04/2013" This makes me wonder if I should start calling them and asking them nicely to removed them early. Ideas?
  7. Hello All! It's been a while since I've posted, so hoping I've posted in the right place. Many thanks in advance for taking the time to read this. Any advice/thoughts are welcome! Well, good news here. I only have ONE negative left on my CRAs! Thanks again CreditBoards! I'm prepping to apply for a HELOC (house is paid off - would like a safety net) and also to buy another home, so I've been working on getting my report in shape before the upcoming recession. My question is for Creditboards folks 1. What is the best way to get an account removed early? 2. What is the best way to deal with re-aging? And hopefully get it removed early? 3. Doesn't the CRA need to send me the documentation they received verifying this Cavalry account (if I request it)? 4. The bigger deal is that they report the debt as 'new', when it is not. It is killing my score. (re-aging) I've been reading the boards for a few weeks now and I've come across quite a few great threads, however many of them are quite old. I'm hoping to get some confirmation for a way forward. This is a citicard chargeoff account with Cavalry Portfolio Services, past SOL in the state of California. Date of First Delinquency is April 2013 according to the old statements the CA sent me when I went through the 1-2 punch program. TransUnion and Experian are reporting the collection account as being 'opened' in 2016. This is incorrect. It looks like they are re-aging the account. It looks like they are using the 'date assigned' & 'date opened' as 'DOFD'. Equifax is reporting the DOFD as April 2013 meaning that it should drop off in April 2020. I'm trying to get it removed sooner than that, if possible. A few months ago, I went through the 1-2 punch program with these and the CA (Cavalry Portfolio Services) sent me some old statements, showing the Date of First Deliquency (4/13), and the balance. All three CRAs are reporting that they have verified the account. Transunion score is 652 [Thinking of sending the letter shown below] -Date Opened March 2016 (not true!) -In comments: "Account information disputed by consumer, meets FCRA requirements Experian Score is 615 [Thinking of sending the letter shown below] -reporting "1 new negative payment" (not true!) -reporting I have "one new negative account this month" (not true!) -"open date" Mar 2016 (not true!) -this one really annoys me because they keep reporting it as a 'new' account. Again. It's killing my score. Equifax Score is 712 [Not sure how to go about getting this deleted] -Date of First Delinquency 4/2013 -Date Assigned 3/2016 -Under comments is states "Consumer disputes this account information" I was thinking of sending a version this letter to TransUnion and Experian since they are misreporting the DOFD. (from Whychat https://whychat.me/nottoca.html ) Thoughts? Would it be okay to send this and NOT send the SOL letter to the CA, just to see if it would work? Deletion Request AFTER SOL Letter LETTER TO CRA AFTER SOL LETTER TO CA THIS LETTER IS TO BE USED ONLY AFTER PROOF OF DELIVERY TO CA OF SOL LETTER SEND THIS CMRR Your Name» «Address1» «Address2» «City», «State» «Zip» «Credit Reporting Agency» «Address1» «Address2» «City», «State» «Zip» «Date» RE: My report of (date) (credit report #) Dear Sir/Madam This is a request for deletion of a disputed item. This item has been reported by : (Name of Agency, Account #___) to your credit bureau, and is currently entered on my credit report. I am requesting that the entry be deleted in it's entirety as it is an invalid claim,and any reporting of an invalid claim is prohibited. (see Sullivan v. Equifax, Inc. et al., 2002 U.S. Dist LEXIS 7884 (E.D. PA. 2002) (reporting a debt to a credit reporting agency is a communication covered by the FDCPA in §1692e(8))"1692e(8) Communicating or threatening to communicate to any person information which is known or which should be known to be false, including the failure to communicate that a disputed debt is disputed." Enclosed please find a copy of the notice sent to (name of collection agency),together with a copy of the delivery receipt proving delivery, enjoining them from any further collection activity on an account that is beyond the legal limit for collection in my State of ______. Please consider this as notification to you that the account as reported is invalid, and that the (name of agency) has been properly notified of that fact. Please notify me, in writing, of any continued collection activity on their part, including any verification, resubmission or reinsertion after your reinvestigation and deletion of this item. Sincerely, «Signature» «Your Name
  8. Update: I called the OC (Comcast) and I was not successful in getting the account removed from the CRAs, even though they claimed they would call it back from the CA. I recently wrote to the CRAs and included it in my 1-2 punch letters, along with a few other accounts. I basically wrote that I never had any dealings with that CA and asked for proof that I had paid any money to that CA. I just looked and it's disappeared from all 3 CRAs. Good luck all!
  9. Hello Compared, To find out exactly what loans she has out, she would go to nslds.ed.gov To pay them off, she could go to the Navient website and find the payoff amount for that day. It's pretty intuitive. They've been pretty helpful (I just dealt with them again). If they're private loans, then it's a different deal (and not at all in my wheelhouse). I hope that helps! BMTH
  10. Okay, great. Thank you so much. I will give them a call then, and see what happens (and report back). [Mine was also 100+ dollars, paid in full, though I am not a customer right now] Thanks again!
  11. I'm bumping this post because I read this post had a similar situation, called comcast (OC) and paid them directly, and now the CA has changed the status of the collection to 'paid in full'. I have never contacted the CA and did not pay them. So my question; what's the best way to tackle this (and get the CA off my credit report)? A 1-2 punch? Many thanks in advance!
  12. I agree. Have a look at the websites listed above, then go to the cruise company website to book the cruise (e.g., norwegian cruise lines, etc.). Feel free to pm me if you have any questions.
  13. I just called 888-298-0045 (Equifax) and they deleted the old address and the comment (or said they did). I should get an email confirming this within 30 days. I'll keep you posted. BMTH
  14. I had a consumer statement that just showed an incorrect address on it. Which was weird. The same incorrect address was also showing in the addresses section of the report. Not knowing how to remove it from the consumer statements section just yet, I decided to go through their online dispute system to have this old address removed (from the 'addresses' section). Here is the result: >>> We have reviewed the consumer statement. The results are: The Following Consumer Statement Has Been Added/Updated To Your Credit File As You Had Requested. re: PO BOX 123 SUNSHINE COLORADO 91000 >>> We have reviewed your concerns and our conclusions are: A consumer statement has been added/updated to your credit file as you had requested. I did NOT ask them to update/add this consumer statement to my file. Does anyone know how I can get them to remove this consumer statement from my report? And from the addresses section? What the heck is going on with these guys???

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