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Thomas F

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About Thomas F

  • Birthday 11/24/1978

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    Toledo, OH
  1. That is very disappointing, and discouraging......
  2. Well I do have extended fraud alerts on all 3 credit reports due to identity theft. I kinda forgot to mention that. I thought that it was required that they contact me to verify my identity and confirm that I am in fact the one using my info and applying for a loan. But do they not have to have a signed application or release in order to obtain my credit report to begin with?
  3. Recently I was involved in an accident, to which my vehicle was totaled out. My vehicle was financed through "XYZ" finance company, which I purchased through "ABC" dealership. My insurance paid the lienholder, and I had a remaning balance between what the insurance company gave me for the esitmated value of the vehicle, and what I owed on the loan. (about 900 dollars, which the remaining balance was covered by gap insurance) The car is hence to be paid off, and I was happy with my experience with "XYZ" finance company, so I contacted them about getting a new loan for another vehicle. I went back to "ABC" dealership and exlpained my situation to them, and was very explicit that I wanted to go through "XYZ" finance company again, and gave explicit instructions that I had no interest in dealing with any other finance company. At the time of my visit, I dealt with my salesperson, and the finance manager, as the sales manager was out of town. I never signed any paperwork giving them consent or authorization to pull my credit reports. Being that I was already a customer of "XYZ" finance company, I understand that since I had an account with them, that gave "XYZ" finance company permissible purpose to pull my credit report. At the time, since I did not sign any authorization giving anyone permission to pull my credit, I was lead to believe that no one other than "XYZ" finance had pulled my credit for the purpose of establishing a new loan, or during the course of servicing my current account. I was asked for my social security number and address, to verify with "XYZ"finance company that I was in fact who I said I was, enabling them to go about their business in attemping to approve me for a loan. I was approved, and I found a vehicle that I liked so I initiated the purchase process. However, their computers were down at the time so they could not proceed with processing the loan and finalizing the sale. I took the vehicle home, and came back the next day to fill out the paperwork. I however noticed that the SUV that I was purchasing did not have 4wd, so I told them I was no longer interested in that vehicle. The finance manager at the dealership told me to come back on Monday, when the sales manager was back, and they would see what vehicles they could find or aquire that were SUV's and had 4wd. At this point, the only paperwork I signed was an acknowledgement of "ABC" dealerships privacy policies. When I returned on Monday, I was informed that they did not have any vehicles with 4wd that would fit into my approval guidelines with "XYZ" financing, and that the sales manager had even tried alternative financing through other finance companies. Again, I was explicit in my instructions that I in no way shape or form would consent, verbally, or otherwise, to have my credit ran through any other finance company other than "XYZ" finance company. Of course I was outraged, and refused to do business further with "ABC"dealership. I called and spoke to the finance manager, and she said she would have to have the sales manager call me back, as he was the one who handled those kinds of situations, to which he did not, and now has not returned my calls. I checked my credit report, and I found several hard inquiries. The first inquiry was "ABC" dealership themselves, the second was "XYZ" Finance company, followed by 7 other finance companies that again, I did not verbally, or by providing written authorization, give them permission to do so. I have read around on the boards, and I have gotten mixed responses, so I am not sure exactly how the FCRA applies to my situation. Should I write letters to all of the above, requesting them to provide me with proof that they had express written consent to obtain my credit information, or do I write the CRA's and ask them to provide me with proof that they had permission to share my credit information with any of the above mentioned entities? Also, as I have read under the FCRA that if the parties do in fact no have permissible purpose, and cannot show proof there of, that they are liable for damages in the amount of up to 1000.00 for each violation? After pulling my report I saw that my score had dropped 8 points as of the time i checked my scores. What would be the best course of action of having the inquires removed, as well who should I be holding accountable should this in fact be non permissible purpose? The dealership? The Finance company? The CRA's? Or the other multiple finance companies that obtained my credit information from, either from the dealer themselves or the CRA's? I am very confused and would appreciate any guidance.
  4. So basically what I understand is that they dont have to verify my identity in order to pull my credit report, they only have to verify in order to extend credit?
  5. I was the victim of identity theft back in 2013; As a result I requested an extended fraud alert to be placed with all 3 CRA's. Since then, that has happened, however I recently applied for an auto loan this month. I had two lenders who pulled my credit report actually call me at the number I provided to be contacted at, and I was approved for a loan with one of them. However, I have 12 other companies who did hard pulls on my CR. As I understand it, in order to do a hard pull on someone who has an extended fraud alert legitimately placed on their credit report, doesn't the creditor have to contact me in order to verify my identity before they can actually pull my report? While I was going through my CR's I also noticed that there were multiple creditors who had done HP's on my credit report,unrelated to the auto loan that I applied for, from a few months prior, that I have no current or previous credit relationships with. How are these creditors able to do a HP if I have an extended fraud alert placed with all 3 CRA's, and yet they have not contacted me to verify my identity? Is an extended fraud alert more of a suggestion to contact the person to verify their identity, or is this an actual requirement? If possible I would like to have these "unauthorized" Hard Pulls removed from my report, and I need to know the best course of action to take that I have available to me in order to successfully remove them. Any and all information would be appreciated.
  6. your Age? 35 Your Equifax Credit Score? ?? Your Experian Credit Score? ?? Your TransUnion Credit Score? 643 How many years have you been on file with Equifax? 15 How many years have you been on file with Experian? 15 How many years have you been on file with TransUnion? 15 YOUR PREVIOUS AUTOMOTIVE CREDIT HISTORY Do you have an open auto loan? yes Will this open auto loan be a trade-in? no 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? Northcoast Financial Your current open auto loan payment is? 275 Estimated amount you may be upside down in this vehicle? 2000 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? 2 Total percentage utilized overall? 5% 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) 0 YOUR PERSONAL INFORMATION How long at your current residence? 6 mos Do you Rent or have a Mortgage, or Live w/Relative or Other? Rent Your Monthly Rent or Mortgage payment? $625 How long have you held your current job? 9mos Your total provable monthly gross income is? $4500 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. N/A Is the additional monthly income provable? N/A Spousal income is not applicable. YOUR DOWNPAYMENT Please tell me your exact down payment in cash? $2500-3000 Does any credit repository contain any Public Record? 2 Public Records If yes, please very briefly describe. Bankruptcy Does any credit repository contain any Collection Account(s)? 1 If yes, please very briefly describe. Student loan reporting collection/chargoff but 4 months into Loan Rehab agreement Please rate your overall creditworthiness on a scale of 1-10 (1=poor, 10= best) 5 Please rate your Installment credit history on a scale of 1-10 (1=poor, 10=best) 5 Please rate your Revolving credit history on a scale of 1-10 (1=poor, 10=best) 5 [Low Ratings because of old lates / charge-offs on previous accounts - dating back to the 2010] New or Used vehicle you are considering: Please very briefly describe. 2010-2014 SUV/CAR/Truck 26000-30000
  7. No I have not. I have already applied for an auto loan at two different credit unions. They are basically telling me that if that student loan was not reporting as in collection/charge off, I could be approved. Do you think that MarvBear can help me out? If so I would love for you to put me in touch with him
  8. Its not about affording the monthly payment, nor am I complaining about that either. My issue is that as long as its reporting as a collection/charge off, no one is willing to finance me for an auto loan. That's the only negative TL on my credit report. :-( if they would just be willing to count those other 6 payments.......I'd be okay.
  9. I have around 16k in loans and yes I gave them full disclosure. I was only making 10$ an hour working 36 hours a week.
  10. Ok, now I have a different question. I was contacted by GLHEC asking me to make payments for the loan. I told them at the time, that I was unsure if I could really afford to make payments. The CSR told me that I could go online and setup automatic payments that fit my budget, and after 9 consecutive on time monthly payments, that I would complete the Rehab process. I was never informed of a minimum amount to pay, or any other details. Shortly thereafter, I went online and set up automatic payments for 20.00 a month. At the time, I was working at a job that I did not make much money, so legitimately, this was about all I could afford. Here is a list of my payment history 04/21/2014 $160.00 03/21/2014 $160.00 02/21/2014 $160.00 08/13/2013 $20.00 07/13/2013 $20.00 06/13/2013 $20.00 05/13/2013 $20.00 04/13/2013 $20.00 03/13/2013 $20.00 As you can see, I made 6 monthly on time payments of 20.00. I filed bankruptcy ch 7 on 08/05/2013. They still took a payment out on 08/13/2013. I received a letter from GLHEC stating that my automatic payments had been cancelled due to the BK. I did not ask them to do this, they said that this is their policy. I explained that I wanted to continue making payments through my BK, as obviously, the student loans would not be discharged. They said that they could not legally accept payments from me while I was in BK proceedings. I thought this to be odd, as al my research on BK shows that payments can still be made to creditors during the BK process. Regardless, my BK was discharged in Dec. 2013. I forgot about the student loan because they were not taking out automatic payments. In February of 2014 I called up to start making automatic monthly payments again, so that I could continue on with my 9 monthly payments. I was informed by the CSR that I had to make set required automatic payments if I wanted to continue the rehab process. I was also informed by the CSR that the 6 monthly payments of 20 dollars would not count towards my 9 payments, as the payment amount was not sufficient. I explained to her that I was told by another CSR that I could just sign up for loan Rehab, and make payments to which I could afford. And I did so. She explained to me that that was not how it worked, and that I had to agree to a minimum monthly payment that was conducive to the rehab process. So I started making the payments they demanded which was 156 plus change each month. I setup automatic payments for 160 a month and have made 3 so far. My question is, is this legitimate, or am I getting screwed here> Is there any way in which I can get them to accept the 20 dollar payments since I was not informed of a minimally acceptable payment amount> If so I can complete the loan rehab agreement and have all the negative baddies associated with this account removed. Any help would be greatly appreciated.
  11. I've been searching the forum, perhaps not enough, and I apologize in advance if I missed the information. I have a student loan through GLHEC. I entered into a rehabilitation program (post CH7 BK d/c Dec 2013) for a period of 9 months, in which at the end I will be removed from a default status. I have multiple tradelines for this loan. 2 report that the loan was included in BK and 2 report that the loan is Collection/CO status As I have researched, and come to understand, once I am finished with the rehab program, the default status should be dropped from my CR. My question is this: If I am making the monthly payments set forth by the rehab program, and they are on time, should the tradeline be reported with the CR to reflect "paying as agreed" or the like? Also, should I dispute the tradelines that are reporting as IIB??
  12. ZicMan, First and foremost, legal recourse makes complete sense, had you read it in the context that it was meant to be read. Legal recourse, meaning, " is there any legal recourse under the FCRA that we can use in order to get the finance company to comply? Also is there any legal verbiage we can use to coax them into reporting this accurately. Also, since she was denied for a mortgage based on the fact that she had no new credit since her bk, when in fact she did, is there any legal recourse to threaten/recover damages for "under reporting?" I did not know that simply asking if there were specific legal requirements that would apply to these situations that the CRA and OC had to follow...... I did not mean that I wanted to "file a law suit because the financial group that took a risk and gave you and your girlfriend a loan?" which is perhaps where YOU saw this going. Not to mention the fact that YOU have never seen MY purchase agreement, so you don't have the foggiest idea of what it MAY or MAY NOT say, only the presumption that you ASSUME that you know. If they are going to report to one person's credit file, why not report to the other. Secondly, in response to your statement, "No new credit since her BANKRUPTCY is NOT their fault...it's been 8 years and she has nothing??? Not a credit card? not a secured credit card? But she is trying to get a house? Why hasn't she established ANY CREDIT other than your correct assumption about the auto loan?" She doesn't have "nothing." She has had new credit; 2 Auto loans, one of them we are joint owners of, and the other, she is the sole owner. As to "correct assumption about the auto loan" I don't even know what you are trying to say here, but there are no assumptions. Furthermore, she has never had a need for any credit cards, secured or otherwise. It was a personal preference of hers. After filing bankruptcy, many people don't want to assume new debt. I do not know why you act like she's such a terrible person because she doesn't have credit cards. All I was asking for was clarification of the law. Not your OPINION on my significant other's finances.
  13. After doing much research, I am having a hard time completely understanding the rules on this. My SO and I have a joint automobile loan together, since July of 2012. It is being inaccurately reported on my TU and EQ reports, being listed as an individual account, and it is not being reported at all on my SO's. We happened to stumble upon this because she applied for a Mortgage, and was denied based on the fact that she had "insufficient credit." She has a credit score of 637. She has no negative TL on her report, other than a discharged bankruptcy from 2005. She has a current auto loan( since Apr 2012) on her van through her CU, and although they do not report to CRA's, she has been on time with all of her payments. Mortgage company verified with both CU, and finance company as to payment history, etc. Mortgage company told SO to open another TL that would report to CRA such as gas card, store charge, etc, and after 60 days of the new TL reporting to CRA's she would then qualify for mortgage. SO applied for gas card and was also denied, based on "insufficient credit." After contacting our finance company the first time, on May 13, 2013, (I did not realize at this point that it was being reported as an individual account on my reports) they stated that they did not know why it was not reporting to SO's reports, and that they have updated their files, and should start reporting. After 60 days had lapsed, it was still not reporting to SO's reports, and now there was a hard inquiry by the finance company on both her TU and EQ, dated May 13, 2013. I called the finance company again on July 18, 2013, and reiterated the situation. I also explained that they were reporting my account as an individual account, and that it should be reporting as a joint account. I also informed them that they had performed a "hard inquiry" on SO's TU and EQ, and asked them why it was there. The finance company stated that they would correct the TL to reflect a joint account on my reports. They also stated that after looking into the matter, that it should have been updated with the CRA's but they were not sure why it wasn't. They stated that they updated the database in their software program that they use to report to CRA's to reflect joint account on both mine and SO's reports, and that they also sent a hard copy of the updated TL to TU and EQ in regards to reporting to SO's reports. In regards to the "hard inquiry" on SO's reports, they stated that they had to pull in order to be able to report TL to TU and EQ in regards to SO. They also then stated that they would have to pull another one because it was not reported properly the first time that I called back in May. My questions are: 1) I t is my understanding that because we have an open account with the finance company, that it could be construed as permissible purpose to pull her report for something such as account review or to verify continued eligibility, but is it permissible to pull a "hard inquiry" in order to be able to report to the CRA's, and furthermore is it actually required by finance company to do so? 2) Is it possible (and would it be beneficial) for SO to file a dispute with CRA's because the finance company is not accurately reporting her TL to CRA's? If not, is there any verbage under the FCRA that enforces legal requirements for disputing inaccurate information with the finance company? 3) Are there any potential or actual damages incurred by SO, in the form of adverse actions resulting from the finance company not accurately reporting her TL, that could be used as "ammo" to get finance company to accurately report both TL's? (ie, had finance company been accurately reporting to CRA, SO would not have been denied "new credit'") Any and all help would be greatly appreciate on the matter.
  14. My g/f and I got a joint automobile loan in July of 2012. AS we understood it to be, it was a joint loan. Neither of us as we understood it were primary or co-signers..... A year later, the loan shows on my credit reports as an individual loan, and it does not show up on any of her credit reports at all. When I contacted the finance company (well over 60 days ago), they said that she was a "co-signer" and that most times, they do not report co-signers to the credit reporting agencies. However, after I contacted the manager, and explained the situation, he said that the paralegal would see to it that the information was changed as to report my g/f and I as joint owners. However, to this day, nothing shows up on her credit reports, and mine are still reporting individual ownership. The other piece to this pie is that her and her ex husband filed bankruptcy in 2005, and as per her credit report she has no new credit since then. She recently applied for a home mortgage and it shows no new credit since her bankruptcy. This is obviously not true since she has had an open auto loan since July of 2012, but the finance company is not reporting it to the credit bureaus to reflect as a joint loan.....as a result she was denied a loan..... My question is this: Since we contacted the finance company and told them about their error in reporting, and after 60 days they still have not fixed this, is there any legal recourse under the FCRA that we can use in order to get the finance company to comply? Also is there any legal verbiage we can use to coax them into reporting this accurately. Also, since she was denied for a mortgage based on the fact that she had no new credit since her bk, when in fact she did, is there any legal recourse to threaten/recover damages for "under reporting?" I understand that if there were potentially negative information on her credit report that would cause her to get denied for credit, that there are legal ramifications, but what about if a creditor is not reporting at all>>????
  15. Yes. That was my thought. But you never know anymore these days. People can be sneaky. Or perhaps they didnt have everything they needed to get the credit they were hoping for. I dont know....but I'm not going to afford anyone any further opportunities.

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