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Disputing/removing paid collections and paid student loans --- Overwhelmed with information


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Hello,

 

I am new to these boards and i'm trying to learn as much as possible by reading topics and using the search function. Here is where I stand:

 

 

-I have been searching these boards and reading information such as PsychDoc's seminars. However, I am having trouble relating this information to my own problems as the information seems to be fairly overwhelming. I paid off all my debt in February of this year, and I have a credit score of 589 according to experian and 616 shown on myfico.com.

 

I made a post earlier today ( http://creditboards.com/forums/index.php?showtopic=516682 ). According to the information from road2freedom I should dispute my paid collection entries, as well as student loans. Should I contact the OC or the CA to work towards getting these removed? Also, I seem to see references to sample letters to use for disputes, but i'm having trouble finding links pertaining to my situation. Using the search function, I have read some threads that Sallie Mae will not budge on trade lines in credit reports; thus i'm stuck with a student loan reporting as 120+ days late and $0 balance for at least 7 years.

 

Here is my credit report:

 

3 Collections

 

$389, paid

 


$157, paid


 


$253, paid


 

1 secured loan.


 


I put 14k in cash in a CD at 8% interest to pay off my debt and i
currently pay $596 per month at 3.5% interest for 2 years from February,
all payments on time. Balance is around $10,800 currently. (I was told
by my bank that this would help rebuild my credit).

 


4 student loans:


 


USA Funds -$472 - Shows paid collection


 


Sallie Mae - $2625 - Shows 120+ days late with a
balance of $0 and [Claim filed with Government, Balance paid by
Insurance] - I paid this off through a collection agency in February


 


Natl Coleg - $2032 - Shows 120+ days late with a
balance of $0 and [Transfered to Recovery/Claim filed with Government] -
I paid this off through a collection agency in February


 


Natl Coleg - $2673 - Shows 120+ days late with a
balance of $0 and [Transfered to Recovery/Claim filed with Government] -
I paid this off through a collection agency in February


 


Other accounts


 


$6000 - Balance of $0 - Pays acct as agreed [Account closed at
consumers request] - I don't remember what kind of account this was


 

$4300 - Balance of $0 - Pays acct as agreed [Account paid] - lists as credit card


 


$20561 - Balance of $0 - Pays acct as agreed [Account paid] - This was an auto loan


 


$2570 - Balance of $0 - Shows [Charged off account] This account
isn't mine and was opened in 1996, which would have made me 11 at the
time. It was charged off in $2007 I believe.

 

What i'm in search of....

 

1.) Information pertaining to removing paid collection, student loans and charge-off

 

2.) Should I remove the charge off? According to myfico.com the only benefit I have on my credit report is the length of time my accounts have been open...most student loans are from 2003-2005.

 

3.) I current make 60k per year and have 0 debt other than my secured loan (Balance of $10,275). Would it be beneficial to pay this off in full now.

 

4.) Which secured cards should I apply for (links to information appreciated, as well as suggestions) and what should i apply for collateral on my credit line. I may spend up to $500 per month on necessary items such as gas, groceries, bills, etc.

 

5.) Roadmap to improving my credit score to reach my eventual goal of getting approved for building a house in the very near future.

 

*Mods please remove this post if this is considered spam due to my previous post*

 

 

 

 

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For the student loans start a post in the student loan forum.

 

Dispute the paid collections with the CRA.

 

For the account that is not yours, there is a specific process for that, someone more knowledgeable will chime in with more details.

 

There is a master secured cards thread, look in the pinned topics section for the master list of master threads.

 

Sent from my ME301T using Tapatalk 2

 

 

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