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There and Back Again

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There and Back Again

A Walnut's Tale of Success

 

by Lil Walnut

 

Over four years ago a woman lost her future story with her husband's death. And in the process stopped caring about a lot of things – her Credit was one of those.

 

Fast forward those four years.

 

She decided that she was tired of living the way she lived and that there was nothing stopping her but her from moving forward. Getting a house and going back to school became rather high on her priority list. Both, however, involved getting her act back together. So she did the unthinkable and pulled her Credit Reports.

 

They were ugly. They were very ugly, and for a solid week she stared at them utterly lost for hope, because everything she wanted to achieve now lay under the ruins of her Credit. Armed with the Internet she began to search and learned a few things. The biggest thing was that she had nothing going for her in terms of positive Trade Lines, and lots of baddies out there. Turning to her family, she convinced her father to set her as an authorized user on his best card. That was her starting block that gave her FICOs some body. Unfortunately she'd not found Credit Boards first, so she doesn't have that very first set of FICOs to post, but it's safe to assume they are all around the same level as her original EQ of 522.

 

She began to eat, sleep and dream credit. Spending countless hours after work reading and re-reading, and learning what she'd done wrong, and how to make it right again. Letters to CRAs went out, and in most cases baddies were deleted because they were so old. Letters to CAs and OCs went out asking for PFDs, and those accounts were paid and removed. A single paid medical account remains, it's destiny tied to the HIPAA laws and step by step instructions she followed from WhyChat. When there were originally fifteen listed.

 

One OC has refused to work with her, and posted the same TL twice, so she sent a PR to Equifax asking them to justify the verification of the accounts, and they haven't responded yet. They told her that it was illegal and wrong to do a PFD, and had she not found Credit Boards, she would have paid them, and there would be a paid collection on her report with a current date rather than the two years ago. This is an ongoing battle for they are in the wrong with the billing.

 

Another CA had an account listed as both paid and unpaid and failed to respond properly to her Validation letters. On one report, the collection is gone, on the other, the clock is still ticking, for the second round of letters.

 

And finally there exists the remains of the defaulted Student Loans. Paid via garnishment, the loan has aged off of all three reports, yet two entries remain. Letters are outstanding to the CAs so she can learn just when they will fall off. They do list no balance.

 

That's what remains of the evil bad trade lines. But, removal of the bad is only one step. The other of the duo is the increasing of positive trade lines. Realizing her folly in not having credit of her own, she quickly applied for First Premier and Orchard Bank - getting an unsecured approval on both. Buoyed by her successes she applied for a Store card (the same one that had shot her down months before) and got a modest TL on it, which of course, she charged up. Another lesson to learn. Still needing to improve things she applied for a Chevron card only to get the rebuilder. Not idea, but it works and it reports. On the heels of that she applied for an AMEX, thinking there was no way she'd get one – but she did. And to date that line is twice what she had requested, such a beautiful testament to what she didn't have before.

 

In the midst of all this work and learning, she started pulling her FICO scores, and learned just how much utilization really hurts. Leaving her with a driving goal to never let anything grow beyond 50% again. And as of April 9, 2006, nothing is over that mark. Her goal is to get everything down under 5%, but that's going to take some work. Why, you may ask, when she makes good money, would she not pay things down quickly? That answer is simple, and it can be found in the Mortgage Forum. That's right, she has taken the step. The big step and the plunge, finding a Mortgage Broker there who was willing to work with her and help her make her dream of home ownership a reality. A dream that is about to blossom to fruition.

 

But remember, she had two goals – the other was to get back in school. After reading the Student Loan Boards and learning that she wasn't alone, and that she wasn't terrible, and most importantly, that all was not lost, she took another plunge, and in the fall will be starting back to finish her bachelor's degree. The school has a semester starting in June, but with buying a house, the potential for risk was too great. However, since school is expensive, she had to get loans. And with that came the fear of the "what if". What if I fail again? What if this and what if that. The Moderators and Members let her know that she wasn't alone, and that it was normal to feel like that. She qualified for both Subsidized and Unsubsidized Stafford Loans, leaving a balance for Private Student Loans. That loan won't be acquired until the Mortgage is finalize, the fewer hard pulls the better.

 

In this journey, she battled and won over the dreaded NCO and RMA, for they had no proof that she ever owed them the money. In addition, she won over the horrific and unbending Unique National Collections, who had no right to collect in her state.

 

Armed with her success, she works with her colleagues to help them understand the merits of good credit, and to help those that now know, after messing up, how to take charge of their credit and clean it, while not letting the past hold them back. The only thing that holds someone back from a clean credit report is themselves and a serious lack of knowledge of the law.

 

What next?

 

She will continue to fight on the HIPAA medical account, assured that eventually it will come off. In addition, she has high hopes that the CA will not be able to prove that the unpaid collection exists, and if in the unlikely even that they do, she'll go to the OC with a request for delete. For the account is so far out of SOL (Civil and criminal) that it has mold growing on it. The Student Loans offer little hope other than to just age off, though when the two letters are finally given a response, she'll know how many more months she has to live with them. And in the end, that leaves the evil OC apartment complex. They will be tackled after the mortgage is completed, at the corporate offices, not the local ones, with an attorney if necessary, for in the midst of all this, they've proven that they know little of both landlord tenant and credit laws.

 

In short, Credit Boards has turned her life around. She smiles and laughs and her future looks bright. Not only because she's tackled the challenge and won, but because she learned, far more importantly, that bad credit happens to good people, and you are not your credit report.

 

Thank you CB!!

:clapping::clapping::cry2::cry2:

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Very, very nice!! Fantastic job. Congrats on the house and enjoy it!! You earned it.

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:mellow: What an inspiring story lil' Walnut!!! May you continue to climb to your success. CreditBoards Rock!!!! :good:

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You are my inspiration! And I am proud to call you one of my dearest friends. Each day I marvel at how far you've come from those darkest days after DHs death. I pray all the best things for you. In true aggie fashion I say "BEAT THE HELL OUTTA CREDITORS" WHOOP

 

I hope that soon I will be posting my own success story. Thanks for the referral to CB.

 

Love,

revmelissa

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There and Back Again

A Walnut's Tale of Success

 

by Lil Walnut

 

Over four years ago a woman lost her future story with her husband's death. And in the process stopped caring about a lot of things – her Credit was one of those.

 

Fast forward those four years.

 

She decided that she was tired of living the way she lived and that there was nothing stopping her but her from moving forward. Getting a house and going back to school became rather high on her priority list. Both, however, involved getting her act back together. So she did the unthinkable and pulled her Credit Reports.

 

They were ugly. They were very ugly, and for a solid week she stared at them utterly lost for hope, because everything she wanted to achieve now lay under the ruins of her Credit. Armed with the Internet she began to search and learned a few things. The biggest thing was that she had nothing going for her in terms of positive Trade Lines, and lots of baddies out there. Turning to her family, she convinced her father to set her as an authorized user on his best card. That was her starting block that gave her FICOs some body. Unfortunately she'd not found Credit Boards first, so she doesn't have that very first set of FICOs to post, but it's safe to assume they are all around the same level as her original EQ of 522.

 

She began to eat, sleep and dream credit. Spending countless hours after work reading and re-reading, and learning what she'd done wrong, and how to make it right again. Letters to CRAs went out, and in most cases baddies were deleted because they were so old. Letters to CAs and OCs went out asking for PFDs, and those accounts were paid and removed. A single paid medical account remains, it's destiny tied to the HIPAA laws and step by step instructions she followed from WhyChat. When there were originally fifteen listed.

 

One OC has refused to work with her, and posted the same TL twice, so she sent a PR to Equifax asking them to justify the verification of the accounts, and they haven't responded yet. They told her that it was illegal and wrong to do a PFD, and had she not found Credit Boards, she would have paid them, and there would be a paid collection on her report with a current date rather than the two years ago. This is an ongoing battle for they are in the wrong with the billing.

 

Another CA had an account listed as both paid and unpaid and failed to respond properly to her Validation letters. On one report, the collection is gone, on the other, the clock is still ticking, for the second round of letters.

 

And finally there exists the remains of the defaulted Student Loans. Paid via garnishment, the loan has aged off of all three reports, yet two entries remain. Letters are outstanding to the CAs so she can learn just when they will fall off. They do list no balance.

 

That's what remains of the evil bad trade lines. But, removal of the bad is only one step. The other of the duo is the increasing of positive trade lines. Realizing her folly in not having credit of her own, she quickly applied for First Premier and Orchard Bank - getting an unsecured approval on both. Buoyed by her successes she applied for a Store card (the same one that had shot her down months before) and got a modest TL on it, which of course, she charged up. Another lesson to learn. Still needing to improve things she applied for a Chevron card only to get the rebuilder. Not idea, but it works and it reports. On the heels of that she applied for an AMEX, thinking there was no way she'd get one – but she did. And to date that line is twice what she had requested, such a beautiful testament to what she didn't have before.

 

In the midst of all this work and learning, she started pulling her FICO scores, and learned just how much utilization really hurts. Leaving her with a driving goal to never let anything grow beyond 50% again. And as of April 9, 2006, nothing is over that mark. Her goal is to get everything down under 5%, but that's going to take some work. Why, you may ask, when she makes good money, would she not pay things down quickly? That answer is simple, and it can be found in the Mortgage Forum. That's right, she has taken the step. The big step and the plunge, finding a Mortgage Broker there who was willing to work with her and help her make her dream of home ownership a reality. A dream that is about to blossom to fruition.

 

But remember, she had two goals – the other was to get back in school. After reading the Student Loan Boards and learning that she wasn't alone, and that she wasn't terrible, and most importantly, that all was not lost, she took another plunge, and in the fall will be starting back to finish her bachelor's degree. The school has a semester starting in June, but with buying a house, the potential for risk was too great. However, since school is expensive, she had to get loans. And with that came the fear of the "what if". What if I fail again? What if this and what if that. The Moderators and Members let her know that she wasn't alone, and that it was normal to feel like that. She qualified for both Subsidized and Unsubsidized Stafford Loans, leaving a balance for Private Student Loans. That loan won't be acquired until the Mortgage is finalize, the fewer hard pulls the better.

 

In this journey, she battled and won over the dreaded NCO and RMA, for they had no proof that she ever owed them the money. In addition, she won over the horrific and unbending Unique National Collections, who had no right to collect in her state.

 

Armed with her success, she works with her colleagues to help them understand the merits of good credit, and to help those that now know, after messing up, how to take charge of their credit and clean it, while not letting the past hold them back. The only thing that holds someone back from a clean credit report is themselves and a serious lack of knowledge of the law.

 

What next?

 

She will continue to fight on the HIPAA medical account, assured that eventually it will come off. In addition, she has high hopes that the CA will not be able to prove that the unpaid collection exists, and if in the unlikely even that they do, she'll go to the OC with a request for delete. For the account is so far out of SOL (Civil and criminal) that it has mold growing on it. The Student Loans offer little hope other than to just age off, though when the two letters are finally given a response, she'll know how many more months she has to live with them. And in the end, that leaves the evil OC apartment complex. They will be tackled after the mortgage is completed, at the corporate offices, not the local ones, with an attorney if necessary, for in the midst of all this, they've proven that they know little of both landlord tenant and credit laws.

 

In short, Credit Boards has turned her life around. She smiles and laughs and her future looks bright. Not only because she's tackled the challenge and won, but because she learned, far more importantly, that bad credit happens to good people, and you are not your credit report.

 

Thank you CB!!

:rofl::):rofl::rofl:

 

 

Congrats! It's an awesome feeling isn't it?

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