Credit help

I truly have the worst credit in America and I feel hopeless. I have 11 negative accounts. that were all charged off. My credit score is 515. Where do I begin?> and from reading your website. I feel that by understanding the pattern given by you in details is the key concept to making agreements with the creditors but not to push my luck. Do I contact the original creditors or?
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contact em both
negotiate, validate and dispute before you pay. Get sign on company letter head agreements before you pay.
reopen anything that is possible with an upfront payment.
and get new credit started even if you have to pay a secured card to get something going
here is the best bad credit, credit card place I know of

Oh and no you dont
350 is the worst and there are plenty of them so hold your head up

Credit question

I am trying to help my daughter fix her credit and found your site. I preached to her the importance of good credit and now after ruining hers she finally sees its true. And the fact that she had a baby ( my first grandchild) august 07 gives even more reason to try and get things straightened out. These are the debts that she has and has had:
1) Capital One- Credit card in collections- I'm thinking this was in collections now for maybe 3-4 years now. Basically just avoiding phone calls. Not sure where to attack this one.
2) and 3)Two bills in collections from a company that bills for a hospitals ER doctors-both bills are in collections- Have not received any bills from the agency but know they have both been turned over.
4) paid off a collection agency for a bill that the phone company sent to collections
5) Also, paid off a bill that a bank had sent to collections. ( the collections agency said this was prelegal right before I paid the balance off for her so I saved it from being sent to an attorneyand having added fees) They also told me that they had not reported this to the credit bureau. When I talked with the lady from the collections agency I asked if I could get a letter saying that with payment in full they would get this deleted off her credit report. She told me that I would have to contact each credit bureau ( transunion, experian & equifax) and furnish proof that these accounts were paid with a $0 balance and to request deletion from her credit report. I am hoping very much that she told me the truth. That is about all she has in collections and as much as Ive read I still am not sure about all that I have read and what to do about each of these. I am in the process of contacting by mail each credit burea with the 2 paid off accounts to see if they can be removed. If the collections agency is removed from the credit report can that original place that sent her to collections also be removed? Should I get an attorney for her at some point or can I take care of these myself? Also, after 7 years won't anything on there not paid come off?Ok.. enough questions.. Im sure you can't keep up with all the email you get.
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hopefully capital one is not a lot of money and you can pay them off and repoen the same acount with a 300 dollar depositcharge gas only and pay more than the gas bills each month by 25 bucks, after 12 months ask them to only report the last 24 months call the 3 collections and hope you get them before they report to the bureaus.
forget about the paid collection, they will not help you, get that one 2 years behind you. here is a dispute form to do the work for the collection agency. they sound like butts.
7 years and YOUR SAFE, NOT SAFE, SAFE, NOT SAFE
many old bills get recycled through collection agencies.
if they are paid they will come off for sure. if they are unpaid you might find them showing up with another collection agency i have never found an attorney needed for credit help
maybe your state attroney general for illegal stuff but, non of that sounds illegal generally paid collections do not come off unitil 7 years pass no matter what
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So, basically the lady at the collections office lied to me about contacting each credit bureau with proof the accounts were paid and asking if they would remove it? Or can that be done? Thanks for all the good advice. And fast! We can't take care of the credit card just yet but paying it off and asking them to reopen it with a credit sounds good when we do.

I'm sorry for all the questions. But when you said the paid debts will come off after 7 years... is that 7 years from the date they were paid off?
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Usually yes sometimes it can be the date of last late payment

I'm implementing all of your suggested methods to improve my credit

I'm implementing all of your suggested methods to improve my credit. (I was recently turned down for a car loan.) My biggest problem is that my credit is young, so that can only be fixed with time. However I did have one question. How does a deferred student loan affect my credit? It appears as pays as agreed on my report, however it also appears in the debt to available credit ratio. Any idea?
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i dont know what your score is now at all three bureaus
or what else is one your report.

but i would guess 10-40 points maybe
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well my credit's in the crap hole to be honest. It's only 10 months old, each one of my cards has a late mark on it (60 days or less, nothing more). I have paid off and cancelled one card that was paid as agreed. I currently have three, $500 limit cards, and after seeing your site I will not be charging them over $400. All three report to my credit report. I have one student loan that is marked as paid as agreed.

Also there was one collections placed on my account, but it was paid, and I'm trying to get it removed. It was a medical bill, that was covered by my health insurance ($56) that I never knew about, so it went to collections. I paid it before I saw your site, so I'm trying to have it removed since it wasn't really my responsibility.

Thanks for all the help. Sadly, my credit score is barely 500.
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the insurance company should be on the hook for that
and the hospital should show, SOME help with a "this not my fault" transgression
i would open the bad closed credit card back up with the same account number
10 months of credit on a credit report does not a credit report make
12 months is rated credit so expect your score to go up if you pay these current accounts on time
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defaulted on 9 student loans and am now in garnishment

I have a question. In the past I was very careless with my credit and now am reaping the "rewards". How do I fix these problems. My score is 613 and shows I have 18 negatives on my acct. I had defaulted on 9 student loans and am now in garnishment. The loans have been sent to Texas Guareented and I am in the process of rehabing my credit. Each loan shows up as well as the previous creditor that originally owned them as "paid collections" or "transfered to another lender". I also have charge offs from credit cards. And I have 1 collection agency on my report. I do have an instalment that is up to date as well as two credit cards that are perfect. Should I negotiate with the two credit card co. to pay and remove the item and what about the original student loan creditors. Any help will be appreciated.
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i would first try to get lucky and dispute some of he old student loans and, hope maybe a few fall off.

I would validate the collection with debt validation and they do not comply call the state attorney general
see what i did with my charged off BP oil on my credit card
- Show quoted text -
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appreciate your help. I am disputing some of the closed accts. due to length of time (over 8 years) and are validating 3 others due to I don't know who they are. I hope it all works and thankyou again for taking the time to return my letter.
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how long it will take them to be removed from my credit

I love your site! In 1 month my lowest score has come up from 455 to 508 (which is still bad but better). Anyhow, I sent some letters to get items removed if I paid them off etc. I got them back signed and so i am going to pay them off but I am wondering how long it will take them to be removed from my credit report? I need to get to 560 in in the next month or so...I opened a credit card but it is not yet reported on my credit either. Is there any way to push this through....the payments...and removal from my report? Thanks!
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takes 30 days from recipt #10 on 12 steps to credit help
no matter the answer, you can dispute them if you have the signed letters and a copy of your bank statment showing the check was cashed. You would just dispute the acount first with no documents and prompt the bureau to call thise creditors. They should all say it was a mistake or just not respond within 30 days and the accounts should come right off your credit report and raise your credit score. If any of these are less than 24 months old, your score could jump WHOPPER. If at first you don"t succeed use the documents you have and get it all removed.
So
i am saying 33 days max. 10 if your lucky or someone is efficient.65 days if stuff happens
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Oh cool....its everything from under 2 years RPTD that is on my report! I cant wait!
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then you should get a big fico jumper

FICO score staying around 560 to 599, and using your advice i paid them off all four of them,

I am trying to prepare for an upcoming mortgage rifi...but my score is about 575. I talked to someone who explained part of my problem is the simple fact that I currently have a HELOC and this is holding down my score. I was told having a HELOC automatically places me or anyone who has one into a lower score situation because the HELOC affects my revolving credit ratio, that is it isn't an installment loan. My HELOC is $25K limit, about $24K balance, so highly leveraged. My question is this: I know moving revolving debt around to another credit card doesn't help because it doesn't change the ratio, but if I convert the HELOC to an installment loan, which my creditor says is possible (even though I'm looking at $1,500 origination fee) will that improve my revolving ratio and thus my score?? In other words is it worth doing?? I'm told that installment debt ratio doesn't weigh as much as the revolving ratio.
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that's one heck of a question put that way.
i doubt it and then ????????
i could see how it might help having 50000 dollars in revolving credit with no obligations and the home equity line of credit "HELOC" down to 80% or less. I've been told that you should go for 50 and 10% for super scores. I have always said 80% percent LOWER THAN across the board on ALL loans.
Installment loans always start out at 100% percent balance BALS, to HICR high credit limit ratio.
I guess in "super perfect world" you borrow enough on this installment loan and pay it down to less than less than 80 % BALS balance to HICR high credit ration, FAST no sooner then your first payment afteer you get your installment loan book from installment loan originator.
IE: borrow 40,000 dollars $ and use part of that money to pay the installment loan down to $ 32000 dollars.

if there was any way to move all your money around so that all the balances came down to 80 % percent or less, then I would like to see what happened there, or could happen if you added it all thise numbers up.

If I used the get and installment loan thing i would try to add it up like i said first. pay down the installment loan to .80

you must realize this is a limited answer about your situation.
this is a good general answer.
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I recently go my revolving debt down from a 76% ratio to 21%. I saw my score immediately jump by 63 points at one CB. A little less at the others but still a good jump. Because my scores didn't jump more, and I was seeking answers, this is where I got the advice that my HELOC was the culprit, although technically it isn't a part of the revolving ratio I just mentioned, meaning it doesn't list as revolving on my reports, but as part of my mortgage total. It is probably the case that I just need to pay it down to the 80% you mention, which would cost me about $4K. Also, I have two relatively new student loans that I could get to 80% or so at a cost of about another $5K.

If you agree, the only question then is where to get the money. I'd have to borrow it and I would think increasing my Visas (revolving limits) would increase my 21% ratio, so my question then is would it better to get a signature (installment) loan for $9K, then come up with another $1800 in cash to get that loan down to 80%???
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your talking about borrowing no matter what
so i would borrow eough to add all the numbers up to less than 80 percent bals/hicr and if i could, i would, try to pay the smallest account to nothing NOTHIN or 10 percent or 50% percent if I coud and make the numbers work
when you go to check your credit HERE A GOOD ONE
make sure that all of you reported credit is paid up, on THAT day. no checks in the mail stuff, on company books

sometime i pay my house loan 14 days late online to move my money.
and sometime i pay my gas card a few day late because it is my smallest account
make sure everything is paid in full and the checks for this month are allready on all your creditors books.

THEN BAMM
pull your credit and let me know what happens

My credit score has gone up 40 points since November.

Thanks for all the helpful advice. My credit score has gone up 40 points since November.

Your advice was awesome and very helpful. I have recommended you to many of friends and co-workers.
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credit help / fix 3 in 1 credit report credit cards

keed 24 MR Months reported good credit

rated to no more than 80%,
better if, 30 -10 percent
HICR high credit limit / to BALS balance owed now

get DLA Date of last activity on account that have been 30 60 90 late
MORE THAN 24 months old

8 Collections and charge offs on my credit report. two are paid.

I currently have 8 collection/chargeoffs on my report. 2 are paid collections neither is 2 years old. The other 6 unpaid are scheduled to fall off by this time next year. I have 3 open of lines of credit that have been never been late and in good standing for 8, 7, and 3 years which each of them report to the bureau each month. Besides being patient with father time and continuing my on time payments with the positive 3 is there anything else I can do. I know one is a duplicate. I can dispute that one. One has a different date of delinquiecy than the original creditor so i think need to dispute that also to have it linked to fall off at the correct time. Any suggestions/advice would be appreciated on the others Bo
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That is one of the most comprehensive well put questions I have ever received
One thing is missing. What is your credit score now.
Verify the debt with a debt validation letter to the collection agency. Negotiate if they can verify the debt. Dispute the account if you get no answer, or signed with company letterhead agreement.
You seem to had a great grasp of the best parts of raise my credit score fast. Make sure your open credit, show less than 80% of balance to high credit ratio. Divide the balance by the high credit limit and get lower than 79 percent %.

fix and raise my credit score, diplomat husband security clearance

Hello Mr. Majors I found your site while looking for information on how to fix and raise my credit score. I apologize in advance for this lengthy email and for how candid I need to be. I am married to a US Diplomat. We have been married for almost one year... Wednesday will be our one year anniversary.
I knew I had bad credit from my first husband's bankruptcy and from poor choices that I made, myself, in the past. I have never had to be responsible for anything financially aside from a few car loans when I was in my teens and early 20's. With my first husband I was never allowed to have any responsibility nor was I informed or included on any of the decisions made. When he filed for bankruptcy, I did what I was told and I signed everything. I didn't know that I did not have to sign anything. To this day I still don't know what all the debt was from. My problem now and what I need to do:
Because of my husband's security clearance, my credit score puts him at risk of losing his career. He's been asked several times about why my credit score is so bad. My credit score is 433 and I found that out just last week. Last summer, I was in the US and got a free copy of my credit report. With my husband's urging I paid as many of them off as I had valid phone numbers for. Just last week, I paid everything off that was listed on TransUnion. I attempted to receive credit reports from all three credit reporting companies but I am unable to do so from here. We are living in Germany at the moment and they won't release it to our IP address.
Because of my credit score, my husband and I have to separate in order for him to not have any danger of losing his career. I have to move back to the US very soon and work on fixing this before we can live together again. I honestly do not know what else will be listed on the other two reports. I do not even know if the free credit report that I got from the government last summer used information from all three credit companies. I was told today by Credit.com that there was an alert on my Experian report and that they were unable to release that information to me.
My husband said that the alert may be nothing more than the fact that I tried accessing it from here. I feel as if my entire world has fallen apart. My husband is very angry about all of this, and rightfully so. He is also angry that he didn't 'push' me harder to have this taken care of last summer when I first looked into it. Our separating is the one and only way we can salvage our marriage and keep his career safe in the process. I had a surgery four months ago that almost killed me.
My husband had been talked to about my credit again but he did not tell me at that time. He's been sitting on this worry and anger for a long time and it finally blew up. Our plan is that I move back to the US and get an apartment there. I will have plenty of money to get started and my husband's father is going to look for a car for me. I'm not entirely certain why I chose you to email with this. I think it's because your picture on your website reminds me of my father-in-law. :) I need to know the absolute fastest way I can raise my credit score so that I can be with my husband again. I'm sitting her typing this to you and crying because I'm so terrified. Right now, I have no credit cards and no loans. I know that electric companies and phone companies report to the credit bureaus, but I don't know if that is enough. I would like to get some kind of credit card and use it and pay on it every month to create a credit trail.
My husband also told me, that when I insure whatever car I get, to only pay monthly so that that shows up as well. My goal credit score is 650. That will insure that my husband will not be questioned about my credit and I will be able to get work at the Embassy that he will be assigned to. My husband and his family are the only family I have. I don't want to lose that and this is killing us both but there is absolutely no other way. I don't know if, for me, hiring a law firm that deals with credit repair is the way to go or not.
There was one thing that showed up on the report I got during the summer that is not on the TransUnion report I got last week. This was the only thing listed there that I would dispute. It was for a credit card and the amount was a little over $15,000. I have never had a credit card that was even remotely close to that limit or would be that limit even with years worth of penalties, etc. Thank you, in advance, for any kind of suggestions that you may have and are willing to share with me. My situation is one of complete desperation.
My husband is diverting part of his paycheck into whatever bank account I set up, so I will not have any problems keeping my head above water while I am working to correct this. I'm 36 years old and all of this "adult responsibility" stuff is completely new and foreign to me. It's embarrassing and it was and is the one thing I wanted to fix about myself. I know I need to do this for me, but I am doing this for my husband as well.
Kindest Regards
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utilities do not help your credit

you need an open line a good credit. a credit card thats reports to bureaus
you really need 3 that have a credit trail at least one year long

go here and get one or two that reports to bureaus. MAKE SURE THEY REPORT.
pay extra or a downpayment if you have to. steadilt increase your own credit limit by chargeing gas each month and paying more than you charge each month till you have a balance owed to you of 500+ dollars at the end of one year.

pay off everything you can that is past due or charged off, or in collection and maybe in your bankruptcy. read this page about bankruptcy .

if you pay everything off and get some lines of credit with a 1 year credit trail. your score will jump to 650 i guarantee it.

433 suggest nothing is positive on your report.

as far as the lock at experian

your husband is probably right.

for protection purposes.
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January 13, 2008 Dear Mr. Majors; recently correct trivial errors

January 13, 2008 Dear Mr. Majors; I recently had to correct a number of trivial errors on my credit reports, and your website was a tremendous help. You have collected all the most important bits of advice and made them available in an efficient way. I had to trawl around the net (which I don't have time to do) before I found your website http://www.oskie.com/equifaxtransunionexperiancredit.htm), so I wanted to express my most sincere gratitude.I am a school teacher, and part of my goal is to teach the basics of financial literacy to my high school students. Your website is invaluable in helping them understand what they need to know about credit reporting. The kids tell me that everyone is corrupt and out to get them. I tell themthat my perception is that about 80% of the people in the world are fairly normal and nice, 10% are rotters who may do bad things, and 10% are angels who will help them out. I count you in that angel 10%. Many thanks!!
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What a wonderful person you are for making this website. Thank you for caring enough about other people to make this website!
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my pleasure
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Tax lien released in the status area of my credit report.

tax lien. What does released means in the Status area of your credit report
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the tax lien was satisfied or paid off in full
usually a date will accompany this
the date would signify when the credit is scheduled to be removed from your report.

the status shows
today right now
if you are paid on time and in full right now
many credit cards, and car loans and homes loans
report daily. if i am one day late my credit union will make me
pay up to date and in full before they will approve me for a loan.
status is where you see this on your report. there should be zero late right nows on your rpeort.

what is the address for your free credit help

I have another credit question you told me yesterday that it was all right to pay my old dept off even if the creditor will not remove it, but will that still show bad dept on my credit still for 7 years if they refuse to remove it?
Is it a good ideal to get "LEXINGTON LAW.COM" to work this for me? I have already signed up there and is suppose to make my first payment Friday. Thanks for your great and valuable advice.
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no its not
2 years is how long it hurts
if you get new good credit.
Credit help online free

Dispute, validate, negotiate and pay origianl creditors only. File FTC complaints

The company I told you about that didn't want to scare off after I requested validation. Well, I filed a complaint with the attorney general consumer division in my state and within two weeks every account was wiped clean and the creditor (who was always nasty!) sent me copies of the request with a polite letter signed "Sincerely". Thought you'd get a laugh!
There was only one creditor who actually had files after selling the account (scary), but, they admitted they have no signed contract by me and they are looking for it. If they have nothing signed by me can I still pursue deletion?
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Yes you should.
So lets talk about this folks.
Dispute
Validate
Re Validate
Negotiate and pay origianl creditors ONLY
If it has been sold several times. File a complaint with the FTC

Reopen a past charge off credit card and pay them and extra 300.00. pay more than you charge each month.

I wish I read your blog before I made a payment on my Charge Off. Here's my question:

I received a charge off in July 07 from Victoria's Secret. I used the credit card once. I forgot I used it and they never sent me a bill. They contacted me six months later telling me the card was charged off and asking me if I would make the payment. Emergencies occured in my life 3months later and when I contacted them again they gave my account to a collections agency. I contacted the collections agency and agreed to pay them half of the amount. They told me that I could go to any Victoria secrets store to make the payment which I did. I still have the other half to pay. My question is...since I made the payment to Victoria Secret which I have a receipt that I paid half of the amount to Victoria Secret. Is there anything I can do to get them to remove the "charge off" from my account. Im hoping to go to school in a yr. I have a feeling because of this I wont be eligible for student loans or private student loans. I hope you can help me.
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pay it off in full
then add 300.00 extra dollars to it and re open the account
pay them at least 10.00 a month every month more than you charge.
after one year ask to have the charge off removed
revolving credit
ie credit cards
usually only report the last 24 months activity
so at the very least they should help you in 24 months
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no
pay them 300 extra to re open the account

everything else is right
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Hi Bo,

Has this plan helped anyone remove there charge off from there credit report?

If I have I pay the extra 300 dollars to open the account. Wouldn't that just them owing me and 300 dollars that wont be debt but a plus. Would I have to then charge on the card more than 300 dollars to be in debt with them?
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i did it with my bp oil credit card
i was charged off for 345 bucks in 1992
i paid that off
called them and told it wanted better credit and to be a real person
and i was wiling to send them 300.
if they opemed the same account
they did
i paid them extra each month till my high credit limit went from
300 to 500 in one year because i built up money they owed me.
after one year i asked them to take the bad stuff off
they did and thats the best move i ever made
and the best move for anyone trying to help their credit

Fix bad credit reports. 12 Steps to good credit.

Fix Credit Fast
Fix delete repair bad credit and keep good a credit card 12 steps to good credit

First let me say I think your great, its nice to know there are still nice people in this world willing to help someone if they can, not for fame or profit, just because thats who you are, if I was your Mom I would be so proud, do you realize all the people you have helped, well include me as one. my ? is

first they put a fraud alert on my credit report, then reinvestagated everything on the report ( except a lien that should say released go figure) got the credit report back 4 collections on it did the dept validation letters havent heard a word been 1 week, do I have the credit bur reinvestagate these or will they report them or not automatically the companys that I asked to validate, I do not have any type of service to watch my reports like other people do. and do you think the other credit beru will do the same by investigating everything on the reports? this was sweet they deleted 7 bad things off the report. thanks again
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the other bureau should do the same i would expect but follow up on.
the debt validation usually takes 2-3 weeks for a response.
if you get a positive one copy it and mail it to the bureaus asap.
your doin good arent you
way to go.

some people are just afraid to dig in

it would be helpful to check your scores after the changes have been made
go here......after the changes have been made that you hope will help you.
cancel in less than 7 days and its free

if you have new rated credit. your score should jump through the roof
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hi Bo, you say afraid to dig in, I raised 4 sons and that was a walk in the park conpared to this, this is like a job, I have a whole table filled with credit stuff, when I got the report with 7 deleted on it, I swore it was xmas. My hubby could not beleive it, he said your doing great, i said ya thanks to Bo. Even if I get turned down for the ref in the spring and my payment arm resets I will wait a few months and reapply, been trying to save some extra money just in case, its just a matter of time before all my GOOD credit outshines the bad, NEVER ever be late
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and if you are late
call quick and ask for help with your report now
they usually help
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this is why judgejudy has no remorse.
we have had a chance for remorse and let it go all the way to
Judy.
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10 year old accounts schould be deleted credit report pager bill can't quailify for a home loan

My question is I have an account for a local company that was opened in 4/1997 but it also say's that it was opened on 8/2001 (not true). It also states on my credit report that is is a unsecured loan, how do I get this off my credit report, It was for a pager bill of 10.53. I thought that after 10 years it comes off of my credit report. It is affecting my qualifying for a home loan.
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Try this and say it not yours 10yrs.
Then validate the debts.
Then negotiate and pay.
10 years and the accounts should be off your credit anyway.
Pager contracts are not secured debt.
Utilities are expected to be paid by reasonable people even if they move.

debt validation, debt, debts, dispute form

I sent out a debt validation letter on the 17 of September, Its already the first of October and I haven't heard anything yet , do they wait until the end of the 30 days to respond? What happens if the don't respond to my letter? If I don't hear anything by the 19 of October ( that's when they received my letter) do I send out copies of my letter to the 3 credit reporting agencies to have the debt removed. Is it really this easy?
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Free Credit Dispute Form Letter
Grab the credit dispute form on the page above
Dispute accounts as not yours.

Legal debt validation follow up letter for a collection agency. My rights by law

Just an update I hope that's okay.
I looked up the actual FDCPA 801 (b) outlined in the debt validation letter. I decided to submit one last letter the collection agency outlining to them the actual documentation required under the act which I know now they cannot provide to me. I hope this letter will help to avoid involving any other agencies. I feel its worth a shot.
A lawyer actually wrote this letter and I found it on the web.
I am submitting a copy of the letter to you in case other people don't want to file with government agencies for assistance.
Perhaps I'm overstepping my bounds but I hope you will consider using this in your website as a second response letter to the first if folks can't get what they are seeking. I'll let you know how it turns out.

Thanks again for all the info and for your tremendous website!
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The legal debt validation follow up letter is here.

Impoved credit score. Max out credit card. Debt Ratio. Credit score

I have improved my credit score to 695 (from 648) a year ago. I am need to make a big purchase (necessity) and need to use my credit card to do so. I have the choice of either maxing it out or just staying about $300 - $500 below the credit limit. Will there be adifference? I will be paying this off within a year but how far down do you think my credit score will drop? This will also affect my husband's score and his is lower than mine (around 665). I'm so bummed but there's no other choice.
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Your score could drop 20 points if you do not have much credit out there.

When or if you max a credit card out then, get it lower than 80% to high credit limit as fast a possible and no harm will be done.
Once you pay it down to less than 80% your score will be as good as it was before you had a debt ratio problem with that credit card as long as no other things changed.
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Debt to High Credit Ratio
(how much you owe on one line of credit to your credit limit) Counted on credit score<
is different from

Debt to Income Ratio
(oustanding monthly bills to monthly income) NOT counted on credit score
but is counted by lenders as ability to pay. Normally less than 45% is what a lender has to go by. If you have more than 45% bills to income you can be turned down.