Jump to content

Please consider disabling your adblocker for CreditBoards if you have not already done so.  This site depends on advertising revenue to stay online.


Sign in to follow this  

Advice for Newbie to Clean Reports

This message is 749 days old.  We'd prefer it if you'd start a new topic instead of replying to this one.

Recommended Posts

Hey, Friends!
I've been following CB for the past couple of months quietly lurking and learning. Reading success stories, The Newbie information, PyschDocs & Flow Charts I finally dare to ask for help. I went through a very rough stage in my life where I couldn't even make minimum payments. But that's the past; I'm now trying to rebuild/ remove the baddies and clean my report up for an auto-loan. Below are the steps I have taken and any relevant information I think you guys/gals might need.
Current FICO scores :*(
EQ: 549 Pulled w/ CCT
TU: 542 Pulled w/ CCT
EX: 516 Pulled w/ CCT
Hard Copy from AnnualCreditReport.com also
I Have a Savings & Checking account with NFCU, I'm using them for my main Checking Account. Waiting for SL Rehab to finish to see if my score increases before applying for NFCU CC or CLOC.
- Opted out with CRA
- Lowered my Credit Utilization
- Pulled Hard Copy Reports from 3 CRAs
Currently, I have 16 Baddies on my report including 4 charge-offs
12 US Department of Education Student Loans: Defaulted/ Charged-off
All 12 Enrolled in Loan Rehab
After Rehab I have read, they will all be "removed, " and 1 loan will show with the new lender.
American Honda Finance Auto Loan: Repossion/ Charge-off
DOFD: 05/01/16
Balance: $6587
Comments: Charged-off not showing repossession on any of the accounts
Contact: No Contact
American Express CC: Charge-off
DOFD: 10/01/15
Balance: $4649
Contacted Via Mail: In-house AMEX w/ settlement or Optima Card Offer
Chase Freedom CC: Charge-off
DOFD: 11/01/15
Balance: $3401
Contacted Via Mail: MRS BPO w/ settlement offer
Verizon Wireless Cellphone: Charge-Off
DOFD: 08/01/14
Balance: $717
Contacted Via Mail: National Recovery w/ settlement offer
No Derogs:
CAP 1 CC: Closed
Discover IT CC: Open

 

I have some money stashed away to PIF on 1 of the Charged-off CC accounts, but I want it removed from my credit report. My goal is to get a chase sapphire one day, so I don't want to settle with chase and have that bite me later. I would like all Charge-offs removed, and I don't mind paying for them as long as they're removed. I have read PFD don't usually work so; Please help with any advice and suggestions.

Share this post


Link to post
Share on other sites

 

 

Hard Copy from AnnualCreditReport.com also

 

You want to get credit reports that are not free annual credit reports or you will be giving the CRAs 45 days to complete their disputes instead of 30. Be sure to request paper copies by mail.

 

If you ever want to have an Amex again, accept the Optima offer.

 

Does Verizon own the debt or did they sell it?

 

FYI all that opting out does is make sure you don't receive pre-screened offers. It can actually slow down the repair process.

Share this post


Link to post
Share on other sites

 

Hard Copy from AnnualCreditReport.com also

 

You want to get credit reports that are not free annual credit reports or you will be giving the CRAs 45 days to complete their disputes instead of 30. Be sure to request paper copies by mail.

Will do this ASAP

 

If you ever want to have an Amex again, accept the Optima offer.

Alright, should I PIF and gain OPTIMA card or pay monthly? They offered both options when I talked to them a couple months back.

Should I remove addresses off my CRA and dispute the account while i'm paying them? IDK if that's a dumb questons, sorry if so.

 

Does Verizon own the debt or did they sell it?

IDK, On my report it says verizon but when I call the number on my CR they say it's being handled by another person. The other CA haven't reported on my CR though.

 

FYI all that opting out does is make sure you don't receive pre-screened offers. It can actually slow down the repair process.

Should I reverse this?

 

Share this post


Link to post
Share on other sites

Hey, Friends!

 

12 US Department of Education Student Loans: Defaulted/ Charged-off

All 12 Enrolled in Loan Rehab

After Rehab I have read, they will all be "removed, " and 1 loan will show with the new lender.

 

I have also completed rehab of my student loan recently. My CRs show Dept of Ed/NELNET as late and "transferred" and now recently, all three showing the new TL Dept of Ed/Navient as current. Can I dispute with CRAs to remove the old TL based on the above law or do I need to go back to both Netnel and Navient and require them to notify the CRAs?

Share this post


Link to post
Share on other sites
This message is 749 days old.  We'd prefer it if you'd start a new topic instead of replying to this one.

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Sign in to follow this  

  • Similar Content

    • By chickenfritata
      Hi everyone, just looking for some advice...
       
      I'm in the last year of my 20s and have a very high debt in general. I blame my past self since after getting my first job, I was blinded by approvals of several credit cards and used them like cash. I would like to start my journey to a better credit score, especially since my 30s will probably consist of buying a home and having children with my fiance.
       
      Not really sure where to start... I'd like to start bringing down my debt but I feel so overwhelmed with everything that I have to pay for. I currently keep track of my money using a spreadsheet, but that doesn't mean anything if I don't actually try to pay off the debt I have... I recently paid off my Chase CC balance (that's why it's 0 right now) and an installment loan around $2,500.
       
      Would it be better to pay the closed accounts first (at least the ones accruing interest), or pay off the balance in my open accounts? Any advice would be helpful, thank you!
       
      With that being said, here are my stats:
       
      Credit scores
      Experian - 565 | Equifax - 582 | Transunion - 587
       
      Current monthly bills - ~$1240, including payments below
      Monthly salary - min $2,500
      *New job that just started this month; previously, I was earning around $1,200 a month
      Current savings - $3,000
       
      OPEN CC ACCOUNTS
      Chase - 0 (balance) / 500 (limit) @ (23.15%) min payment: $25
      Capital One Quicksilver - 1,519/1,500  @(22.90%) min payment: $44
      Capital One Platinum - 2,230/2,250 @ (22.90%) min payment: $70
       
      CLOSED CC ACCOUNTS
      Bank of America - $2,110 @ (21.24%) min payment: $70
      Barclays - $920 @ (21.24%) min payment: $30
      CareCredit - $1,200 (under hardship assistance, interest no longer accruing) min payment: $22
      Nordstrom  - $1,915 (under hardship assistance, interest no longer accruing) min payment: $22
      PayPal - $1,083 (under hardship assistance, interest no longer accruing) min payment: $25

      Student Loans
      Sallie Mae - $25,000 (deferred payment, only paying $25 a month)
      Fed Loans - $16,000 (forbearance due to COVID19)
    • By burghdude
      In reviewing my Equifax report, I noticed 4 accounts that have comments saying "Payment is payroll deductible."  3 of the accounts are closed and charged off credit cards.  The 4th is open and being paid as agreed with never any lates.  It is clearly not an error in reporting by the creditors because it shows like this on each account (with different dates):
      04/2016 Payment is payroll deductible
      08/2016 Payment is payroll deductible
      02/2017 Payment is payroll deductible
       
      I am 100% Positive I have no judgements against me that would enable a credit card debt to be payroll deductible.  Is this an effort on behalf of the creditors to further damage my credit by making it appear that an there has been a judgement against me for a particular debt when that has never actually occurred?  I've done extensive searching online and haven't found any answer as to why this comment appears.
       
       
       
       
    • By DebtFreeIn04
      Long time lurker,  now ready to participate!  Just paid off 25k of 120k debt.  11k stupid installment loan from penfed, and 14k credit card debt. CC debt utilization down to 62%. No other debt except mortgage.  (Just paid off only auto loan) have 5 student loans 5k balance.  
       
      I'm hoping to have CC debt paid in under 4 yrs I'm going after highest int rate cards first. Any other wisdom or ideas about how to handle my credit profile ?
       
      Is my utilization too high to start requesting no inquiry CLI's? Thanks 



About Us

Since 2003, creditboards.com has helped thousands of people repair their credit, force abusive collection agents to follow the law, ensure proper reporting by credit reporting agencies, and provided financial education to help avoid the pitfalls that can lead to negative tradelines.
×
×
  • Create New...

Important Information

Guidelines