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I am a new member. I want to thank all of you for your sincere efforts and guidance. Devoting time to help others is actually a best good some could offer. Thank you all.
Now about me.
I am working to clean up my credit. I have a student loan that is currently under deferment until 02/2016. Back in 2014, When it went to repayment phase, I was overseas. By the time I cam back in Aug 2014, the loan was already 180 Days late. I applied for Econ Harship that was granted and back dated to Feb 2014(The original date when the repayment was due). I have recently noticed that it is being reported to my Credit File as 180 days late despite Econ Hardship Deferment back dating.I disputed with the CRA but it came back as "updated" with same late data.
I think my question is how I can resolve this with the CRA. The OC does not seems to understand that Econ deferment means as if the loan is being paid as agreed, and unwilling to report a removal of late status. My understanding is that when deferment is back dated it reads as no default has been occurred and loan is being paid as agreed. Is it possible that contest it of justify it through precedents are legal aspects. I may be misunderstanding. Please help me.
I was wondering if it wouldn't be a good idea for some of the CB "Master Threads" if they could be consolidated and refreshed as we are at the beginning of a New Year.
While I know it's fun to make the newbs read through 550 pages going back to 2006 (and to show their dedication to credit repair) I think it causes some folks to make critical errors when they think they found the solution on page 305, but on page 476 the process reverses and now the info they implement is terribly bad. I'm sure some will argue the information is purposely buried and must be mined to avoid any of the third parties (CA's, CRA's, OC's, etc) from discovering our "secret" processes and exploits, is it possible they already know?
Perhaps, if the seasoned veterans were interested, the Master Threads could be updated something along the lines of:
First Post: All the current, relevant and correct information as of the posting date (with 2015 in the title)
Following posts track changes during THAT year
Some of the Master threads that might benefit:
AMEX *D (currently 142 pages)
CRA *B (currently 550 pages)
Cards Not To Get (fairly new - Thanks Mendy!)
Choppage Dates (currently 142 pages)
Credit Card Pre-Selector Sites (currently 32 pages)
These are ALL great threads (and I'm sure I've overlooked many others!) with tons of useful information.
This is something they do over at FT, and I think it seems to work. (now donning flame suit)
I was able to locate an archived version of the Metro 2® Credit Reporting Resource Guide from 2003 by the Consumer Data Industry Association (CDIA) on the wayback machine that I thought I'd share for others. This explains to creditors how they should be reporting credit information to Equifax, Experian, TransUnion, and Innovis.
https://web.archive.org/web/20050520070130/http://www.cdiaonline.org/pdf/Metro_2_Format_2003.pdf Background from http://www.cdiaonline.org/Metro2/content.cfm?ItemNumber=854
This can be helpful in disputing errors on your credit report. Enjoy reading!
After my app spree, I applied security freezes to my files on all 3 CRAs for the personal reason that I need to stop myself with this crazy app spree lol
As a newbie, I just wanted to know if having security freeze on my credit report will affect future auto- CLI from my credit card companies?
I'm a newbie who seems to have slipped through the cracks. I had 2 credit cards with HSBC Nevada that were closed a number of years ago and reported accurately. I recently checked my credit reports (1st time in years) to find charge offs on two from HSBC and and additional 2 collection companies on all three reports. On the report that didn't have OC as HSBC, showed Cap 1.
I disputed all online before reading the boards to find out it was not the best decision. Also called Cap 1 because I have a CC with them and was confused. Cap 1 informed me that they now hold the other company's cards and could only find my current card. They told me to dispute. I then received a letter from them for each card stating:
"We have received your CB dispute regarding card services account. We have completed our investigation and the above-referenced account has been purged from our system. In addition, we have instructed all relevant major consumer reporting agencies to delete ANY reference of this account from your credit reports. Please allow up to 60 days for the info to be reflected on your reports. We apologize for any inconvenience."
My problem is that before I called them, 2 CRA's completed the investigation in 3 days and verified the collection accounts (Midland and Calvary). EXP noted the dispute as meeting requirements but never even acknowledged Calvary either way. I think they forgot to investigate it.
Also, one CA lists HSBC as the OC and the other doesn't list an OC at all. I don't know what I should do next. Any answers?