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desperatetimes81

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About desperatetimes81

  • Birthday 11/26/1983

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    CA
  1. Hello all, I've been lurking and searching to see if anyone has asked about this particular situation before and came up short. I have a vague idea of where we stand and what we should do but would like a little more specific guidance, if you guys don't mind. Here's the rundown: - My fiancé and I are getting married sometime next year (currently trying to lock down a venue & date). - We've both agreed that buying a house trumps having a fancy wedding. - We'd like to buy sooner than later. My credit Scores: EQ 660 - TU 624 - EX 612 Negative factors: EQ is reporting one collection account. TU is reporting 2 collection accounts. EX is reporting 2 accounts that had late payments (60 days or more) + 2 collection accounts. Extended Credit: I only have 2 credit cards that were opened about 6 months ago totaling $2,800 CL (I keep my util between 5-15% for both, trying to get that lower.) My credit was really, really bad about 4 years ago and I was scared to even try applying for credit cards for a while until I realized that wasn't helping my credit either. Payment history: The only payment history I have reporting from the past year or so are the 2 CCs mentioned above. All payments have been made on time. Before that I had several 60+, 90+, 120+ late payments. Income: $55,000 - I started my current job with a new company in June 2014- same position, same pay. Was with the previous company for 3.5 years. I'm possibly up for a promotion in the next 2 months with a $10k raise. 401k for Down Payment: $18,000 My fiancé's credit Scores: EQ 608 (working on having him pull the other 2 scores) Negative factors: EQ is reporting 1 30-day late payment earlier this year + 90% util across 3 credit cards + school loan charge off Extended credit: $18,000 (as mentioned above util is 90%) Payment history: Only one late payment earlier this year. Income: $42,500 - Started new job in September 2014- same position, same pay. Was with previous company over 12 years. 401k for Down Payment: $28,000 FYI, we're trying to pay down his credit cards so that it will lower his util % but we don't think we'll be able to lower it enough to make a significant difference. Would that money be better applied to our savings for a larger down payment? We're completely unsure of how to approach our homebuying experience. Our questions are: Are we completely undesirable borrowers at the moment? If not: Should we apply for a loan together (for added income + down payment)? Are either of us more attractive on our own? If so, who? If we are (undesirable): Should we apply anyway to get a more concrete look at exactly what needs fixing? Together or individually? Is there anything obvious that we should be working on in the meantime? If we purchased alone (just him or just myself) and then got married, would the other person qualify as a first-time homebuyer for our second home? We've been comfortably paying about $1900/month in rent and would ideally like to secure a loan with a monthly payment in that range. By my calculations that means we can afford a house in the $350-400k range. Depending on the rate which we expect to be higher because of our credit. Again, we might be completely off in our calculations. Thank you in advance for any guidance and please let me know if there's anything you need to know that I didn't supply before you can offer any advice. Merry Christmas, DT
  2. anyone? should he wait until they send him something by mail again and then try the limited c&d? the last time they tried was late last year.
  3. okay great. would sending a limited c&d without the account info work though?
  4. My boyfriend has been desperately trying to get a CA to stop calling him at work. They have sent him mail in the past regarding this debt, but he disregarded and even discarded the letters (he's desperately trying to find one now). He's told the CA numerous times that he's not allowed to receive personal calls at work, but they keep calling. He has the CA's name and number but no info regarding the debt (i.e. account number, amount), is there a way to send a limited C&D anyway?
  5. It was confirmed by a second representative that the remaining balance has to be only $250 in order to qualify and the TL will be deleted.
  6. I'm on the phone with GRC now and was told that the rules were changed from $1K to $250. Being transferred now though..
  7. He did mention something about how the monthly payments would have to be small to ensure there was enough left over to be able to refinance after the rehab period. But I will call and ask to make sure. Thank you.
  8. Back in 2003 I was approved for a SL in the amount of $1,750 from Sallie Mae. Only $875 of which was actually disbursed. On my road to credit repair, I printed all three credit reports and noticed two TLs for SLs. One from Sallie Mae, one from USA Funds. After a bit of research, I've come to find out USA Funds is my guarantor and Sallie Mae is my service provider. After viewing my reports, it was my understanding that these were two separate loans. As one is being reported in the amount of $1,750 and the other for $979. Its been about 7 years since I took the loans so I just assumed that maybe I took two and forgot about one. The Sallie Mae TL marked the loan as "Claim filed with Gov't/Balance paid or being paid by insurance company" which scared me. The USA Funds TL simply reported it as being sent to collections. After getting a bit of the runaround from Sallie Mae, I was told that I would have to speak to my guarantor regarding any loans on my account. So I call USA Funds which has an automated service and after a few identity validation questions I'm told to call General Revenue Corporation (CA) and that USA Funds cannot answer any questions regarding any loan(s) on my account. Okay.. So I call GRC and am transferred to someone "who can help with the status" of my account, which is Defaulted. A very nice man asks what I would like to do, I told him I'd like to rehab and do it fast. He tells me that I owe $979 and it is the only loan they have for me. Also tells me about an accelerated rehab program in which they take two payments from me this month (and mark one as being made in April) so that my rehab time is shortened to 8 months (not much but its something). I agree, they take my information and wish me luck. After about 3 more calls to Sallie Mae, it is my belief that both TLs are the same loan. I logged on to the National Student Loan Data System to confirm that only one loan is on file for me. My question is.. is there anyway I can have one of the TLs removed? If so, who would I contact and how would I request it? If not, after the rehab period will both TLs report my payments once my loan is refinanced and I start repaying a lender?
  9. Correct. No Verizon TL's on any of his 3 reports (EQ, EX and TU... I've seen them myself) and he's receiving calls from CAs. He knows he owes for both accounts which is why he's never questioned the CAs on their legitimacy. I also thought it was very odd that it wouldn't be on his reports. first, don't answer the phone. I would send a DV letter with a C&D. What CA is it? American Agency, which I just googled really and came up with a lot of results about "illegal collection activities" =\ send em a DV with a C&D. They will drop quickly..If they aren't reporting on your credit report, they'll quit calling...send them the letters and watch em go bye bye... Is your advice based on the CA or them not reporting?
  10. will do. hmm, i'll call and try to find out. i hope they'll speak to me.
  11. Correct. No Verizon TL's on any of his 3 reports (EQ, EX and TU... I've seen them myself) and he's receiving calls from CAs. He knows he owes for both accounts which is why he's never questioned the CAs on their legitimacy. I also thought it was very odd that it wouldn't be on his reports. first, don't answer the phone. I would send a DV letter with a C&D. What CA is it? American Agency, which I just googled really and came up with a lot of results about "illegal collection activities" =\
  12. Correct. No Verizon TL's on any of his 3 reports (EQ, EX and TU... I've seen them myself) and he's receiving calls from CAs. He knows he owes for both accounts which is why he's never questioned the CAs on their legitimacy. I also thought it was very odd that it wouldn't be on his reports.
  13. So after going full steam ahead for the past few days re: my own credit repair I seem to have inspired my boyfriend to do the same. So I started holding his hand through the steps I've already been through (simple things like printing out reports and getting his scores from myfico.com, triaging his reports etc). He's been telling me about two separate Verizon accounts that have gone to collections for a few years now. It worried him simply because its the only possible TL that he's completely ignored for years. After pulling all his reports (using annualcreditreport.com) he noticed that no Verizon TL's are on his reports. At all. I've never heard of a CA not reporting but is it possible? His question to me was "If they aren't reporting but I know I owe, should I wait or just try to pay?" I don't know how to answer that for him. I know he'd pay if he could afford to but he has about 6 SL's that he's either paying as agreed or rehabbing at the moment and its kicking his butt. Now the first account was for a land line with Verizon in 2000 (well past the SOL for reporting and lawsuits, I believe), the second was for a cellphone with Verizon Wireless about 5-6 years later (maybe past the SOL for lawsuits). Completely different account numbers. He's not sure when the last activity on each account was and doesn't know how to find out since they aren't reporting. I figure the first account could have fallen off due to age, but the second one seems odd not to have been added. Has anyone heard of something like this happening before? Also, he's tired of all the collection activity (mostly the calls) and I wanted to suggest he send them a DV or a limited C&D but I'm afraid that might lemonade them off and make them start reporting. Any advice? BTW, there are two CAs for this, one for each account.

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