I was denied a mortgage because of a past collection

I recently got my credit report and saw derogatory information on it. I contacted the collection agencies (4) to be exact. These were not for substancial amounts of money but they were for accounts from a couple of years ago. I agreed to settle these debts and I am doing so as I write this. I am wondering if it is possible for me to get these collection accounts and derogatory statements off of my credit report in a timely fashion? Is there any type of letters that I can write (if you know of samples that would be great) and to who? I recently applied for a mortgage and because of these derogatorys I was denied. Any help will be greatly appreciated. I heard something about a deletion letter but what to write and to who I dont know. Also I had a bankruptcy 8 years ago and I asked verbally to the credit bueraus to have this removed but they gave the usual answer to me. Not for 10 years.I will anxiously await your email
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you should negotiate with the collection before you pay them. Ask them what you asked me. Can I get them removed. Some will some will not. NON will after you pay them. BUT if you pay them and wait a year or so, then you might dispute them and they might fall off. you just dispute the bk with the dispute form and hope
10 years is right on bk's in most states.
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How can I go about getting these Derogatorys removed along with the Bankrupcty? What type of letter should I write and whom should I send it to? Also do you know where I can obtain a sample copy of the letter I need to write?
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you cant just magically have these removed
you have to work and negotiate
i sent you a link with a good negotiation approach
you send it to bad accounts on your credit
there is no perfect answer or letter
re establish new good credit
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I am a divorcee of two years. Right after the divorce,

I am a divorcee of two years. Right after the divorce, my ex bought up a new car and other things on his own. He then filed for Bankrupty 3 or 4 four months later. I got a CC in my name(right before divorce) in my married name not maiden, because the divorce wasn't final. Now I go to change it over to my maiden name and a balance xfer, I get a letter stating that my Int rate is goin up to 24% The CC co said it was becuse of my EX's Bankruptcy. HOW DOES HIS BANKRUPTCY AFTER OUR DIVORCE AFFECT MY CREDIT?
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credit card companies have crazy rules
since the divorce was no through? sounds like a credit card compnay to me
All I can say is try to open another account with another card
then transfer the balance.
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I got divorced and court odered ex wife to pay van and cards

I got divorced a year ago. The judge said in the divorce decree that my ex wife was responsible for the credit cards and the van and I am to be held harmless. Well she filed bankruptcy and the van was repossesed. I am afraid they will come after me but they took the van and sold it and have not yet contatced me. That being the case if I am responsible then why didnt i get notified with a chance to pay for the van? And if not a judge said I wasnt responsible can he turn right around and hold me liable after the fact ?
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credit and law have little to do with each other. The van folks use the address on the note. They probably do not even know where you are to contact you.
even if a judge decreed something, you can still get hurt with your credit. All you could do would be sue your ex for the money legally. This will not help your credit nor stop the van folks from coming after you.
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Filed bankrupt in 2004. Any way to remove bad account before 7 years

I filed for Bankrupt in 2004 understanding that will stay on my Credit report for up to 7-10 years. Is there a way I can clear the individual accounts off the report and only show the negative Bankrupt
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no
anything you filed on will be on your credit report for 7 years
after 2 years it doesnt really matter if you have new good credit IF, that credit was reported to a major bureau for 12+ months
you do not say if it was a 7 or a 13 which make a big difference on when stuff comes off your report

read this about Credit after Bankruptcy.
you can dispute some account, 3 at a time lets say, and hope

went to the doctor in January 2005. There must have been some type of error with the insurance

I went to the doctor in January 2005. There must have been some type of error with the insurance because the doctor was never paid.
I filed chapter 7 bankruptcy and it cleared in January of 2006. I didn't include the doctor on the bankruptcy because I never received a bill.
A collection has started showing up on my credit report now, after the bankruptcy. It was not there before. They are also re-reporting it every 6 months.
I disputed this with Experian stating that I had cleared bankruptcy since I incurred the debt. The collection agency responded that the debt was accurate. Is there anything that I can do?
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if it was not included it was not included
there for accurate
try this
free-credit-help-sample-form-letter-letters
debt validation

Credit Report shows 7 entries by the same collections agency all dated for the same month

I got my husbands credt reports from Experian and CSC. on the CSC report it shows 7 entries by the same collections agency all dated for the same month and year for either 22$ or 28$ ( they all have different acct #s). On his experian report their are 17 different entries all for 05/2004 as well for the same collectiosns agency. They also have different acct numbers. they are also all for 22$ or 28$. I am wondering how I go about disputing these. We knnow the original creditor was Utah Radiology Associates but we dont know why they would have charged him 17 times at once and not just put it all on one bill. We have no receipts for this time period. Are we allowed to contact Utah Radiology Associates and ask them what these charges are. Also these charges were all covered in my husbands bankrupcy, but they still all say unpaid. Their is no reference in the reports that my husband ever had a bankrupcy. if I dispute this will that alert them that they need to put bankrupcy on his report? Also, if I do dispute these what would be my grounds? Sorry for the really long email and thanks for your help and time!
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if they were included in your bankruptcy
they should all say so

you say different things

if the radiology was included in bankruptcy but these other debts were not, then the other accounts would not be legal and you should validate the collection debts.

Yes you can call the radiology people and negotiate and you should if they sold these included in bankruptcy debts.

It does not make sense that one filed bankruptcy and it does not show up on the report.
You mention Experian. Could it be listed on your report at the other 2 bureaus? You should know.
Make sure you have all accounts included in bankruptcy shown as included on bankruptcy on your reports as indicated in the link above.

And
inlcuded in bankruptcy means. NOT Paid in full.
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Sorry yes, I got the reports from Experian and Equifax, Experian has the bankrupcy on fileand equifax does not. it says it was discharged in 07/2004. Most of the multiple radiology accounts were opened in 05/2004 one says 12/2002.Their are 2 that say that the status is "Discharged through BAnkrupcy ch 7/Creditor cannot locate individual. these 2 were both opened in 05/2004 and one is for 22$ and one is for 28$. So it seems that initially there were only two charges, one for 22$ and one for 28$. So when they reported it they only fixed those two, becuase the others are just duplicates. COuld this be true ev en thought they have different account numbers and if this is all correct. Where do I go from here? that was all for experian, for equifaxi have the 8 entries all say unpaid.And their is no reference to bancrupcy in the report. Where do I go from here with this one? thanks again. Sorry i am so confusing!
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use the credit dispute form
if you do not already
have the address
to validate
the multiple same duplicate collections

in the end pay them and be done with that no matter what.
its only 22 and 28 dollars several times.

keep new good credit cards that report to a bureau
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Should I file bankruptcy or use credit counseling

Hi my name is Tanecka I would like to know If going through a Credit Counseling Service looks bad on credit I was told that If I did that and tried to get a Loan etc... that I would be denied I am trying to buy a House with in 2 years, I was told that I should file bankruptcy but I just don't think that I should. Please can you give me advice on this.
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on filing a bk
consult a friend
a cpa or budget counselor at your local bank
someone you know who filed a bk but has ome out of it


credit counseling will show up for 7 years after you make you last payment
what if it takes you 2 years to pay it off
then for 9 years it will show couseling

both a bk and counseling look bad on ones report.
bk's are usually considerd less a of potantial risk as one cannot file but once every 7 years
so re establish credit quickly or try to leave a couple active reported to a bureau accounts open if possible
same with counseling. Leavs on or two ouf of counseling and pay them religously

Never filed bankruptcy but it shows on my report at tranunion only. They will not remove it.

I have a bankruptcy on my credit report; however, it only shows on Transunion, as I have never filed a BK. I disputed it with Experian and Equifax, both have deleted them; however, for whatever reason Transunion states that the information has been verified and will not delete it. What can I do? I am trying to purchase a house, and this is definitely creating a kink in the process
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if you didnt file it
bk should come off

i do not know

where do they verify from
what court
use that number and call and get this straight
report them to your state attorney general or to the FTC.

Chapter 13 dicharged but I can not get approved for a credit card

I am sure that I am not the first and surely not the last to email you about my sorrows from bad credit. Let me ask you this. I have tried and tried to get credit to make good credit but no one seems to be willing to take that chance. My husband and I filed Chapter 13 three and a half years ago and since has been discharged. We did it the correct way made payments on time and waited patiently. Now we are trying to get credit but our reports are not showing many in good standing accounts. What do we do? I have ordered our reports and disputed what I was allowed and our score has gone up a little but how can I get the others to get off there and show paid or settled or heck even in good standings? Thanks for you time.
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start with some gas cards. Go to a Bp oil station, exxon, shell

send certified check with your application
shoot for 300 dollars to start. after one year you should have increased your 300 to at least 420 or 10 dollars more than you spend each month. The 400 become your new high credit limit by default same as the 300. With 1 year of good payments you are on your way.

go to your local bank and borrow 500 for christmas. make sure they report to bureaus. Pay the money back each month with the money you borrowed. Make the loan last at least 12 months. Go in each time you make a payment and get to know the bankers a little each month for one year.

Chapter 13 discharged but still some accounts list balances. I need a home loan

I am trying to get negative information off of the credit report.

The first thing is from Chicago Municiple Court Bank 1. My husband and I do not know what this is and we can not find a phone number to contact them. All that is listed is a reference number but it is showing up on our Experion report as owing $524.00.

The second thing is we filed chapter 13 in 2003 during this time we owned a time share (Emerald Pointe at Grand Vista) we surrendered it as terms of the chapter 13. It is showing up today as we owe over 6,000 on the report from Experion. I have called several places since Emerald Point has changed ownership several times. Each company I have called states it is not their problem they closed account due to non payment. I am currently waiting on the last contact person to call me back which has been since 11/5/07. We moved in 2005 to another state and some valuable papers were damaged beyond repair so I do not have any documentation that we surrendered the deed except for my word. I do know that it was in the chapter 13 so how can we address this issue to get it removed from the report?

We are trying to get the best possible rate to qualify for a home purchase.

I have read many of your tips and find them to be very helpful. We keep open one credit card make purchase and pay it off. We have a car loan through a credit union and the score is in the high 600's what can we do to raise it quickly even with the chapter 13 still showing up? We paid the chapter 13 off in 2005.

I have other documentation from medical companies / second mortgage that we have paid off the bill but it still shows on the credit report do we mail a copy of the paid reciept to the credit reporting agencies?
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www.oskie.com/credit-dispute.htm
dispute the first one as not yours.
wait for 30 days and see what happens. go from there

dispute the second one as not yours or error on report
see what happens

do exactly what you said on the last one.
these should show on your report as included in bk zero balance.

might need to do all this in 2 or 3 letters.

do the first to at once on one dispute form to all bureau affected

do the last in waves of no more than 4 at a time. I don;t know how many you have.
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http://www.oskie.com/after-bankruptcy-credit-report-repair-credit-card.htm

Debt to income ratio bad. My score is good 698 700. Arm due must refinance.

I have a arm coming due in july 08
this is what I have

1 mortgage never late for 3 years
1 mortgage ( rental property never late 3 years )
1 major credit card 3000.00 limit owe 1200.00
1 truck haven't been late in 3 years ( 4 more payments to go)
1 new truck ( 6 months never late)
bankrupt. 9 years ago
although I got alot of things deleted alot of credit card judgments my trans union score is 698, don't know husbands yet, waiting to pull his what kind of loan should I look for or will I even qualify for a loan to refinace? I am worried sick I have 6 months to go, trying so hard to reach 700 on fico, everyone says no new credit something about dept to ratio, the rental property is rented and I have a lease to show the morgage company. thanks
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If they are turning you down for a debt ratio it would be
DEBT TO INCOME RATIO.
The score is so high it must be debt to income ratio.

I must be below 45% reported monthly obligated debts showing on my credit report.
to
Verifibale gross income per month. Last 2 years tax returns and current pay stub.

ie. I show a home loan, a car loan 3 credit cards for 3000 per month.
I must be able to prove with tax return and check stubs at least 6800 dollars per month.
6800 X .45 equals 3060 dollars. That leaves me 60 dollars a month I can add to my credit and not get turned down.
DEBT TO INCOME RATIO

looks like your open credit is very good and your score reflects that 698
i would dispute some of the older paid items and hope?
A 698 SHOULD get you whatever you want.
2 more points might help you a percentage point or less, but not much difference is there.

so dispute some old stuff
maybe pay the remaining four payments on the truck
other than that? you look good

Pay off as many monthly reported obligations before you apply for your new loan
Oh and do not open any more new credit.
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hello, thank you, the truck will be payed off by the time I need the loan, so that will help also, do you think I should get 1 more credit card for a better mix, or just stay on the course I have in the works?
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no new credit card now
cards need 12 months to help you.
you have enough credit: 3 lines reported now.
dispute some old accounts and hope
www.oskie.com/credit-dispute.htm
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can u still dispute even if there marked paid or I should say settled for lesser amount, like I said I did settle all of these accts 3 years ago, so its just a matter of time before they fall off or don't look that bad. I have 3 judgements marked paid would love to see those gone, and the bank. will fall off in March 08
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you can always dispute something
it may not come up but you can dispute

Chapter 7 Bankruptcy

I filed Chapter 7 in 2002 and it was discharged in November 2002. Can I get this removed after 7 years? Is there any way that I can work with the bankruptcy court to pay all the creditors what I owed at the time of the discharge and have the bankruptcy removed earlier than 7 years?
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No. Chapter 7 is a matter of law and a final unchangeable fact.
Just get new good credit and do this
Get new good credit that reports to bureaus
The total Visa reports to all three bureaus.

bankruptcy, inquiries, fico, credit card

Dealership turned me down for having too many inquires on my credit report.
I received several letters in the mail saying I had been turned down for credit.
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The letter are legal for putting a inquiry on your report.
How many inquiries?
I doubt anyone got turned down from too many inquiries.

The letters you got are from potential creditors the car company tried to get you finance with and they were turned down. So he was just fight to keep a deal with.

I would say incompetence is not the right term.
He either tried to get more interest usually capped by lenders at 2% percent max dealer increase. So at 14 percent all he could make was 2 % of loan interest. So the bank bought it for 12% they charge you 14 and make some money.

Usually this is not a bad deal as car dealers get better rates than the average guy.
I would contact a credit union
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Thanks for the quick reply,The credit report lists 15 separate inquiries from May 12th - May 15th, 12 checks on May 16th, the day of purchase.
If not incompetency, I suspect he was being vengeful for not accepting the 14%. (It seems to me any reputable dealership (this was Nissan) should have a better credit system check than this. ...) I see the way Capitol One is listed on the report and the "loan offer" was from Capitol One, and the credit denial letter from them clearly states the reason for denial as "Too many recent credit inquiries".
There was nothing negative or missed payments between my last FICO report from Oct 2006 and the recent one I just obtained. The loan was only for $5000.00, and I had planned to "flip" it over quickly in 6mos, If I "get rid of anything capitol one", dosen't it look bad closing a credit card acct? (Excellent payment history)
Also - When the bankruptcy goes off the report will my automatically credit improve? It's the only "negative" on my report.....
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Never make payments on something for only 6 months.
Rated has to be 12.
They probably worked on your credit right then that day to get you a better rate.
A person must tell them not to shotgun your credit. Mostly done with people on the margin of good and bad credit.
I doubt you have any recourse and many times a denial list menial items and they do not really tell you why. They didn;t want to do it so they came up with a decent reason. I am sure there are other reason they did not list on your denial letter. Nature of the business. I know. I sold cars for 12 years. Financed em. everything from top to bottom. -------

Improve credit score. Bankruptcy Discharged

I am trying to impove my credit score and noticed that some creditors have reported derogatory as of sept 2005 although they were included in a bankruptcy that was dischared in march of 2001. Is this something I should dispute?
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They should just reflect included in bk
Use my free credit dispute form to correct the errors.
Read my credit after bankruptcy page.

Cosignor, Bankruptcy, Car loan

I had a joint Mazda car loan with a guy in 1998. He has filed bankruptcy on the car and is out of the bankruptcy. Is there a way for me to have this removed based on his bankruptcy if not what should I do in this case? Keep in mind he is not cooperating with me to help.
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If you cosigned it will show on your account
if it is from 98 it should be about off and you have new good credit anyway.
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He co-signed for me. Is there a route you would suggest I take to handle this.
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Use my dispute form
say it is not yours
http://www.oskie.com/credit-dispute.htm

negotiate, after bankruptcy, Chapter 7, duplicates, duplicate

Hello my name is Elena. First let me say AWESOME SITE! I have yet to come across a site with so much information and real life help...and im on the web alot! I build website and come across many websites, but anyway my reason for emailing is obviously credit related. We have been in a lease-to-purchase program for the last 8 months and we are supposed to be ready to buy the house come the 1 year mark in December of this year, however the process requirements have recently changed which require us to have the 3 open lines of credit [where as when we first signed up we just needed one] and a score of at least 620 [where as when we first signed up we only needed a 580]. Now my score has been climbing at a pretty nice pace since Jan with the following FICO scores: 548, 568, 568, 574, 588, 604, 607, until this month now its 594 [im guessing it has something to do with applying for new credit accounts as instructed to do so by the program people] but my questions are :
- how do i negotiate and "TALK BUSINESS" with creditors/collectors to remove my account from my report prior to paying? Im at a loss for the proper script i should reference, questions I should ask, the method of approach when asking etc.
- would email or fax documentation work as good as snail mail via the usps? and what should i request the documentation from the debt collector read?
- my credit report has duplicate accounts listed for experian in particular and it showing in the overall totals of total accounts and detogatory accounts and balances owed...is this hurting me too? and is so what can i do about the duplicates? would i treat them as a normal dispute?
- my public records are also showing for experian as duplicates showing I have 6 when there should only be a chapter 7 filed and discharged back in 2002, is there anything that can be done about this?
- i had a judgment that was filed in 2000 that was included in my chapter 7, should it still be showing in my report? and again multiple times as duplicates in a row?
- how would i [if i even can] show i have been self employed since 2001 on my report instead of no employer reported? We have also had to recently acquire a car loan this past week and it doesnt even show yet on the credit report so Lord only knows what that is going to do to my account but we are obviously looking to make some drastic [which i know is not ideal in the credit repair world] but some drastic actions to meet the new requirements to purchase this house by the 1 year mark for being in this program. I have recently been approved for a capital one card which after reading your article on that I will be sure to keep it at a zero balance and paying it off immediately after use if it is used at all. The problem started with our credit a few years back my husband was in and out of work and it really hit us hard but now for the last 1.5 yrs we have started another business to put us both as the self employed status and it has been going wonderfully and we are making more money now then the last 5 years of our marriage which allows us to get caught up and not fall behind again, anyhow now that i am rambling THANK YOU VERY MUCH FOR YOUR TIME! It is much appreciated.
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Negotiate
Dispute the duplicates and hope. Use the form above to get one removed
http://www.oskie.com/after-bankruptcy-credit-report-repair-credit-card.htm
Bankruptcy
Judgemtents should only show up once. Dispute duplicates.
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You can't. Employer shows up when you apply for credit and state you have and employer. What you would do is say I work for xyz compnay. I own it. And a potentail lender would then show xyz as being your employer when you applied for credit with them and it will reflect on your report.
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Does the auto lender report to bureas? Some do not. Takes 1 year to get a rated credit line anyway.