question for the experts

[cosimo]

hello everyone, I've been a longtime fan of this site and have used its advice to progress my credit repair over the years. I guess I should describe my situation because where I'm at now will be my second time (unfortunately) in the rodeo.... I fixed my credit back in 06-07 and applied/ got approved for numerous lines of credit. I guess this was at the peak when they were just handing out anyone without income a CC. At one point I had a: Audi Visa- $2G, BofA Visa $5G, Macys store-$3G, Discover $2G, 2 HSBC MCs at $2G each, a Carecredit at $3G, a PayPal $2G, a Home Depot $1G, and a couple of other smaller lines. I had a job, I paid on time and then the recession hit and I lost said job and stopped paying because there was no way to keep up. It was either pay rent in Manhattan and eat or pay the minimums on all of these cards that had high balances due to the fact I had to buy my food/other survival items on them. Fast forward a year (2010/11) and everything was charged off. My credit went from a 785 to a 490 with numerous collections (F U Midland )

 

I have worked steadily over the past year trying to get these items removed and have been quite successful without the help of any outside companies. It takes time and patience but it works for the most part.

 

My question for the experts is this. I have been very strategic and had every collection deleted, I have had all inquiries purged, I even had a judgement vacated (which I heard was nearly impossible). I now need to know how to get the OC's off because they are fighting. I have sent DV letters to all of them and they have sent me bills with my name but no signature or anything else that I would think would be needed in a court of law. Some of the items show a $0 balance/ charged off and are under the negative section of my report. If they are $0 balance then why are they being reported? All of the collections accounts tied to these have agreed to delete because I assume they are just lazy. These companies have already written off my bad debt and there is nothing benefiting them by continuously reporting these accounts right? I have even gotten the CFPB involved (their site is great) and it produces tangible results. But not always... What would you guys recommend? If I continue to dispute the OC with them directly and the CRA will they just call it frivolous and throw my dispute in the trash? Is there a way to offer a pay for deletion on these old accounts if they are written off? (I dont think the OC will even accept the monies owed at this stage).

 

I just hate that some of these old accounts are still lingering and mucking up my reports when Ive made phenomenal progress by getting the Collections removed... Do I just have to suck it up and wait for them to drop off? Any words of wisdom would be appreciated

[moosetracks]

 

 

My question for the experts is this. I have been very strategic and had every collection deleted, I have had all inquiries purged, I even had a judgement vacated (which I heard was nearly impossible). I now need to know how to get the OC's off because they are DVs are for CAs only one would use a Section 623 dispute with the OC. A credit history is just that past history of performance that is why they are still reported.

 

All of the collections accounts tied to these have agreed to delete because I assume they are just lazy. These companies have already written off my bad debt and there is nothing benefiting them by continuously reporting these accounts right? Again it goes to history, if you have gotten them to delete that is excellent! I would just be careful of some of these are not past your states SOL.

 

I have even gotten the CFPB involved (their site is great) and it produces tangible results. But not always... What would you guys recommend? If I continue to dispute the OC with them directly and the CRA will they just call it frivolous and throw my dispute in the trash? You have to keep changing the reason for the dispute if you say the same thing every time then it will be ruled frivolous.

 

Is there a way to offer a pay for deletion on these old accounts if they are written off? If they still own the account its possible but if they are reporting 0 balance they have sold it to a JDB, there are others on this board who know how to handle a JDB I have never had to deal with one.(other than to send FOAD on 10+ yr old debt) (I dont think the OC will even accept the monies owed at this stage).

 

I just hate that some of these old accounts are still lingering and mucking up my reports when Ive made phenomenal progress by getting the Collections removed... Do I just have to suck it up and wait for them to drop off? NO, there is always some creative way to handle creditors, nothing is set in stone. Patience is the name of the game credit repair is not a race, good luck in your journey and welcome to the board. Any words of wisdom would be appreciated

Edited March 26, 2014 by gdale6

[funkiehouse]

 

 

My question for the experts is this. I have been very strategic and had every collection deleted, I have had all inquiries purged, I even had a judgement vacated (which I heard was nearly impossible). I now need to know how to get the OC's off because they are DVs are for CAs only one would use a Section 623 dispute with the OC. A credit history is just that past history of performance that is why they are still reported.

 

All of the collections accounts tied to these have agreed to delete because I assume they are just lazy. These companies have already written off my bad debt and there is nothing benefiting them by continuously reporting these accounts right? Again it goes to history, if you have gotten them to delete that is excellent! I would just be careful of some of these are not past your states SOL.

 

I have even gotten the CFPB involved (their site is great) and it produces tangible results. But not always... What would you guys recommend? If I continue to dispute the OC with them directly and the CRA will they just call it frivolous and throw my dispute in the trash? You have to keep changing the reason for the dispute if you say the same thing every time then it will be ruled frivolous.

 

Is there a way to offer a pay for deletion on these old accounts if they are written off? If they still own the account its possible but if they are reporting 0 balance they have sold it to a JDB, there are others on this board who know how to handle a JDB I have never had to deal with one.(other than to send FOAD on 10+ yr old debt) (I dont think the OC will even accept the monies owed at this stage).

 

I just hate that some of these old accounts are still lingering and mucking up my reports when Ive made phenomenal progress by getting the Collections removed... Do I just have to suck it up and wait for them to drop off? NO, there is always some creative way to handle creditors, nothing is set in stone. Patience is the name of the game credit repair is not a race, good luck in your journey and welcome to the board. Any words of wisdom would be appreciated

 

 

Wisdom provided!!

[Guest]

 

 

 

My question for the experts is this. I have been very strategic and had every collection deleted, I have had all inquiries purged, I even had a judgement vacated (which I heard was nearly impossible). I now need to know how to get the OC's off because they are DVs are for CAs only one would use a Section 623 dispute with the OC. A credit history is just that past history of performance that is why they are still reported.

 

All of the collections accounts tied to these have agreed to delete because I assume they are just lazy. These companies have already written off my bad debt and there is nothing benefiting them by continuously reporting these accounts right? Again it goes to history, if you have gotten them to delete that is excellent! I would just be careful of some of these are not past your states SOL.

 

I have even gotten the CFPB involved (their site is great) and it produces tangible results. But not always... What would you guys recommend? If I continue to dispute the OC with them directly and the CRA will they just call it frivolous and throw my dispute in the trash? You have to keep changing the reason for the dispute if you say the same thing every time then it will be ruled frivolous.

 

Is there a way to offer a pay for deletion on these old accounts if they are written off? If they still own the account its possible but if they are reporting 0 balance they have sold it to a JDB, there are others on this board who know how to handle a JDB I have never had to deal with one.(other than to send FOAD on 10+ yr old debt) (I dont think the OC will even accept the monies owed at this stage).

 

I just hate that some of these old accounts are still lingering and mucking up my reports when Ive made phenomenal progress by getting the Collections removed... Do I just have to suck it up and wait for them to drop off? NO, there is always some creative way to handle creditors, nothing is set in stone. Patience is the name of the game credit repair is not a race, good luck in your journey and welcome to the board. Any words of wisdom would be appreciated

 

 

Wisdom provided!!

 

 

We have established the new "experts" CONGRATS GUYS!!

 

It seems the "experts" from ~2009, and even 2011 or so, don't post here as much anymore...

 

centex (where oh where is centex!)

Linx04 (still posts sometimes)

Jen23514 (popped back in recently)

Repairerer (where the hell is Repairerer? Dropped off face of earth, used to be "expert")

Rebuilding2010 (again, wth)

 

.. the new "experts:"

 

shifter

gdale6

funkiehouse

 

[funkiehouse]

Oh I'm far from an expert. I just read a lot and can be wrong about some things too.

 

My wife can't understand how I'm on the computer 10 hours a day. It's either credit repair or homework and I tell her both are going to make her money, which makes her okay with it.

 

I sometimes have strong opinions but I always mean well.

[Guest]

Oh I'm far from an expert. I just read a lot and can be wrong about some things too.

 

My wife can't understand how I'm on the computer 10 hours a day. It's either credit repair or homework and I tell her both are going to make her money, which makes her okay with it.

 

I sometimes have strong opinions but I always mean well.

 

funkiehouse I think you would achieve, as we would say at Dunkin Donuts, "fancy" status! (That is, like a bowtie, or coffee roll. Above just a regular donut!)

 

I consider you an expert, sir!

[funkiehouse]

 

Oh I'm far from an expert. I just read a lot and can be wrong about some things too.

 

My wife can't understand how I'm on the computer 10 hours a day. It's either credit repair or homework and I tell her both are going to make her money, which makes her okay with it.

 

I sometimes have strong opinions but I always mean well.

 

funkiehouse I think you would achieve, as we would say at Dunkin Donuts, "fancy" status! (That is, like a bowtie, or coffee roll. Above just a regular donut!)

 

I consider you an expert, sir!

 

 

I do get compared to the Dalai Lama all the time..

 

maybe I'm the 15th Dalai Lama

If you meditate about your credit problems for 7.5 years I bet they will disappear.

Edited March 26, 2014 by funkiehouse

[Guest]

 

 

Oh I'm far from an expert. I just read a lot and can be wrong about some things too.

 

My wife can't understand how I'm on the computer 10 hours a day. It's either credit repair or homework and I tell her both are going to make her money, which makes her okay with it.

 

I sometimes have strong opinions but I always mean well.

 

funkiehouse I think you would achieve, as we would say at Dunkin Donuts, "fancy" status! (That is, like a bowtie, or coffee roll. Above just a regular donut!)

 

I consider you an expert, sir!

 

 

I do get compared to the Dalai Lama all the time..

 

maybe I'm the 15th Dalai Lama

 

 

[funkiehouse]

[credithunting]

this would make a great promo print ad...

[Guest]

 

this would make a great promo print ad...

 

 

Hare Krishna!

[moosetracks]

Well im flattered Rslifkin but I am far from an expert, am still learning about this game of credit like everyone else. Yes I too notice a lot of the older "experts" no longer post here I think it would be chocked up to them having settled their credit issues for now and are happy with their profiles.

[nonex54]

Perhaps you can answer this....I was lucky enough to have 3 separate trade lines removed by 3 separate Exp Reps. They told me I would get an E mail confirmation within 24-48 hours or more. If is approaching the 48 hour mark. How much longer do I wait for a confirmation?

[funkiehouse]

Perhaps you can answer this....I was lucky enough to have 3 separate trade lines removed by 3 separate Exp Reps. They told me I would get an E mail confirmation within 24-48 hours or more. If is approaching the 48 hour mark. How much longer do I wait for a confirmation?

 

Check your reports. Email may never come. You should post your success story for us in a new thread.

[cosimo]

Thanks for the feedback. Can you/someone please tell me what creative ways I can deal with the OCs now that they have sent validation (my statements)? Im just not finding anything and feel I've hit a brick wall. The CFPB route has helped tremendously with getting the CAs to drop their reporting but the OCs are being a pain and wont budge. These accounts are going on 4-5 years since closure and I really dont want to wait 2-3 more before they're dropped by default... Thanks

[takeshi]

Patience is the name of the game credit repair is not a race, good luck in your journey and welcome to the board.

^ This. Rebuilding takes time.

[funkiehouse]

Thanks for the feedback. Can you/someone please tell me what creative ways I can deal with the OCs now that they have sent validation (my statements)? Im just not finding anything and feel I've hit a brick wall. The CFPB route has helped tremendously with getting the CAs to drop their reporting but the OCs are being a pain and wont budge. These accounts are going on 4-5 years since closure and I really dont want to wait 2-3 more before they're dropped by default... Thanks

 

It can be much harder to remove OCs. Besides finding a reporting error, or if the TL is not actually yours, there's not a lot that can be done but to wait it out. After 3 years, and if the balances are reporting $0, they will effect your scores and reports less. I see it as a hard lesson in life and a reminder not to get yourself in that situation again, if it can be helped, and usually it can. Only use the CFPB for legitimate complaints. That being said there is a chance after 2-3 years to do a successful 623 letter but always keep SOL in mind and remember that lots of the PITA companies like Cap One and First Premier can dig up records pretty easily. The 623 disputes are usually more successful if their has been a merger or take over. Since you have said that yours have sent you records then that's not a likely solution, unless it's been a few years and maybe now the records are no longer there (long shot). There's also GW letters, and the nutcase series for paid COs but I haven't heard anyone talk about nut cases lately.

 

I was thinking about sending a GW a day to one company to see if they get tired of me and delete. I'm willing to pay the postage for a while as an experiment. You could also call the CRAs over and over for a company that is no longer reporting regularly and ask them to delete it. You might get a newbie that doesn't know any better. Just don't claim it's not yours or that it's fraud.

[Guest]

 

Thanks for the feedback. Can you/someone please tell me what creative ways I can deal with the OCs now that they have sent validation (my statements)? Im just not finding anything and feel I've hit a brick wall. The CFPB route has helped tremendously with getting the CAs to drop their reporting but the OCs are being a pain and wont budge. These accounts are going on 4-5 years since closure and I really dont want to wait 2-3 more before they're dropped by default... Thanks

 

It can be much harder to remove OCs. Besides finding a reporting error, or if the TL is not actually yours, there's not a lot that can be done but to wait it out. After 3 years, and if the balances are reporting $0, they will effect your scores and reports less. I see it as a hard lesson in life and a reminder not to get yourself in that situation again, if it can be helped, and usually it can. Only use the CFPB for legitimate complaints. That being said there is a chance after 2-3 years to do a successful 623 letter but always keep SOL in mind and remember that lots of the PITA companies like Cap One and First Premier can dig up records pretty easily. The 623 disputes are usually more successful if their has been a merger or take over. Since you have said that yours have sent you records then that's not a likely solution, unless it's been a few years and maybe now the records are no longer there (long shot). There's also GW letters, and the nutcase series for paid COs but I haven't heard anyone talk about nut cases lately.

 

I was thinking about sending a GW a day to one company to see if they get tired of me and delete. I'm willing to pay the postage for a while as an experiment. You could also call the CRAs over and over for a company that is no longer reporting regularly and ask them to delete it. You might get a newbie that doesn't know any better. Just don't claim it's not yours or that it's fraud.

 

 

He may be modest, but I call it like I see it, and that is expert advice right there.

 

[cosimo]

Interesting- if an account hasn't been last reported since say 10/12 then how is it still on my file if I disputed it? Shouldn't it have a recent report date if they were still reporting regularly?

[Guest]

Interesting- if an account hasn't been last reported since say 10/12 then how is it still on my file if I disputed it? Shouldn't it have a recent report date if they were still reporting regularly?

 

Your question threw me for a loop a little bit.

 

You say "Hasn't been reported since 10/2012." Meaning.. that 10/2012 is the last time anything happened, and it is still on reports?

 

Or, you disputed it in 10/2012, and it is still on your CRs (Credit Reports) - ?

 

Or.. It is still on a most recent credit report, with some date of 10/2012?

 

What item?

[funkiehouse]

 

 

Thanks for the feedback. Can you/someone please tell me what creative ways I can deal with the OCs now that they have sent validation (my statements)? Im just not finding anything and feel I've hit a brick wall. The CFPB route has helped tremendously with getting the CAs to drop their reporting but the OCs are being a pain and wont budge. These accounts are going on 4-5 years since closure and I really dont want to wait 2-3 more before they're dropped by default... Thanks

 

It can be much harder to remove OCs. Besides finding a reporting error, or if the TL is not actually yours, there's not a lot that can be done but to wait it out. After 3 years, and if the balances are reporting $0, they will effect your scores and reports less. I see it as a hard lesson in life and a reminder not to get yourself in that situation again, if it can be helped, and usually it can. Only use the CFPB for legitimate complaints. That being said there is a chance after 2-3 years to do a successful 623 letter but always keep SOL in mind and remember that lots of the PITA companies like Cap One and First Premier can dig up records pretty easily. The 623 disputes are usually more successful if their has been a merger or take over. Since you have said that yours have sent you records then that's not a likely solution, unless it's been a few years and maybe now the records are no longer there (long shot). There's also GW letters, and the nutcase series for paid COs but I haven't heard anyone talk about nut cases lately.

 

I was thinking about sending a GW a day to one company to see if they get tired of me and delete. I'm willing to pay the postage for a while as an experiment. You could also call the CRAs over and over for a company that is no longer reporting regularly and ask them to delete it. You might get a newbie that doesn't know any better. Just don't claim it's not yours or that it's fraud.

 

 

He may be modest, but I call it like I see it, and that is expert advice right there.

 

 

 

[cosimo]

For instance it says BofA XXXX $4300 closed and then "last reported 12/10"... so I take it there's no recent activity or recent reporting but yet it wont delete. They furnished it to the CRA in 12/10 and haven't maintained it... get it?

 

I also just applied for a secured card thru US bank and was declined. when I called, they said my debt to income is too high. I said WTF, this is a secured card?? They said my BofA is showing revolving and open on my Equifax with $2500 a month due when it is clearly charged off.. Is this a way I can have it deleted- by disputing with EQ that this is NOT open and should not show as currently revolving??

[parttime]

Are you still a resident of New York? Any of the OC report paid with a charge off or placed for collection with a DOFD over 5 years old?? If so use the NYS 5yr 380 j

[funkiehouse]

For instance it says BofA XXXX $4300 closed and then "last reported 12/10"... so I take it there's no recent activity or recent reporting but yet it wont delete. They furnished it to the CRA in 12/10 and haven't maintained it... get it?

 

I also just applied for a secured card thru US bank and was declined. when I called, they said my debt to income is too high. I said WTF, this is a secured card?? They said my BofA is showing revolving and open on my Equifax with $2500 a month due when it is clearly charged off.. Is this a way I can have it deleted- by disputing with EQ that this is NOT open and should not show as currently revolving??

 

I would dispute it by mail and write out all of you concerns about the account to each CRA it's reporting on. If you get no where after that file a CFPB complaint. If they still own the account after CO they can still report a balance. They don't have to update information each month but the negative info does have to fall off at the end of the 7.5 year mark. Since you were denied credit I would request the free copies you can get for being denied and take a closer look at your reports. I'm assuming your looking at it online.