What document or letter to use a form for getting collections off report

Real Person
to me / show details / Feb 22
I have been reading the information on the website and find it veryuseful, thank you for sharing. If I were to payoff a debt listed on my credit report to a collection agency, what document should I request from them to say it was paid off. And what should the wording be on this document?Your help is appreciated. Thanks.
Real Person
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Bo Majors
to Real Person / show details / Feb 22
Anthing with letter head and persons signature of agreement.
- Show quoted text -

Real Person
to me / show details / Feb 22
How about the wording anything in particular to look for or have?
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Bo Majors
to Real Person / show details / Feb 22
I guess I need to make something up and put it on my site. The thing is, no one thing works for each situtation. Letter head with names number addresses. So and so with account number xxxxxxxxxxx paid as agreed and in full on this account from 01/02/06 - 01/02/07. Person you agree with.
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I guess I need to make something up and put it on my site.
The thing is, no one thing works for each situtation.
Letter head with names number addresses.
So and so with account number xxxxxxxxxxx paid as agreed and in full on this account from 01/02/06 - 01/02/07.
Signed
person you agree with.

Credit card late payments that were errors and charged off are now showing up as bad credit.

Real Live Human Being
to Bo Majors / show details / Feb 22 (7 days ago)
Hello,

Sorry to bother you... but you seemed to be the most knowledgable person on this matter

I had 5 months of nonpayment on my credit card (balance of $300).

For the last 3 months I did not receive a statement, due to a system error. I later got a letter from the credit card company apologizing for the system error.

Then they resent a copy of the 3 statements that had not been mailed out. Lets say months 3, 4, and 5. The statement for month 5 had a notice that if I did not make payment within 30 days after due date, that my account would be bad credit or charged-off and reported to the credit bureaus.

I'm contesting the charge off, because I was not notified of the action that would be taken... what are my options? I am willing to pay the entire $300, but want to change what is being reported to the credit bureaus.

Real Person
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Bo Majors
to Live Human Being / show details / Feb 22 (7 days ago)
I hope you saved the letters stating system errors or its your word against theirs and they win those battles. I would negotiate with the lender and pay any fees that can be removed for. 300 is in the don't even consider NOT PAYING that one off. No matter what pay it off, but try to get relief. As you said it was their error
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Can I remove Medical Collections from my credit report that was in bankruptcy.

DEAR BO,
CAN I REMOVE MEDICAL COLLECTIONS FROM MY CREDIT EVEN THOUGH IT'S ONMY BK. MY BK IS A CHAPTER 7. I WANTED TO BUILD MY SCORE FASTER?ALSO I HAVE AHOUSE THAT WAS PAID OFF IN 2003(SOLD)CAN I ALSO HAVE THAT REMOVED? I NEED TORAISE MY SCORE TO ATLEAST A 620 OR SHOW THAT I'M A FIRST TIME BUYER TO GET AMORTGAGE LOAN NOW WITH A 590. IT'S KIND OF AN EMERGENCY, MY LANDLORD WENT UPON THE RENT TO 1250 FROM 1080. I CAN'T AFFORD THAT AND WITH THE PRICES TO RENT IT WOULD BE BETTER TO OWN. TIRED OF DEALING WITH THESE PEOPLE.
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Reply from Bo Majors
http://www.oskie.com/how-i-get-paid-collection-collections-account-removed-credit-report-completely.htm
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from Real Live Human Being
to me
show details
Feb 22 (7 days ago)
i just paid my credit card bills more than half way off. how long does ittake for my score to go up?and when should i check my credit.
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Bo Majors
to betty
show details / Feb 22
I would check it now and later, but in 30 days everything should be totally cleared up on your report for sure.

Does paying a collection hurt my credit score?

Hello-
I recently read somewhere that by paying items in collection, it will actually hurt my credit score. Is that true?
I currently have several items in collections on my credit report, but the total I owe is only around $350, so I was planning on just paying them off once I get my tax refund. How do you think this will affect my credit score, which is only a lousy 550-ish right now. My goal is to bring my credit score up over the next few years.

Thanks a lot!!
Real Live Human


Bo Majors
to Real Person / show details / Feb 19

http://www.oskie.com/credit-repair-negotiate-with-creditors-remove-delete-bad-credit-collections-charge-offs.htm

http://www.oskie.com/how-i-get-paid-collection-collections-account-removed-credit-report-completely.htm

I paid all my debts period.
I would negotiate first. Ask for totall removal or no re dating.

I have a 2001 collection for 479. What should I do?

Bo, I have always stayed on top of my credit an recently noticed an entry in the collections section of my Equifax credit report from ATT Co. I have checked all three reports, and I have zero accounts in dispute and zero late payments over my 14 year credit history. I do recall a dispute I had with AT&T 6 years ago, but had since moved, forgot about the issue, and had not since heard back from them.In the Collection section, it has the first late payment listed on 1/2001and a balance of $479.00. I don't believe this has shown up in my account before. I recently purchased a home, and my broker thoroughly checked my credit and made no mention of any collections. In the past, when I checked my reports I would always verify whether any accounts were in dispute, andif any late payments where noted. I have yet to experience either of these Since this ATT account has never showed up in my list of creditors orpayments made, is there a greater change that making payment after 6 yearswill negitively affect my credit. Should I bother negotiated since my reports still state that all of my accounts are in good standing, and that I have never been late on anything? Thank you very much for your assistance.
Real Live Person

Bo Majors
to Real Live Human Being / show details / Feb 12

You said you were approved for a home loan which I know checks all three bureaus reports. You were approved and i assume happy with a decent rate.
2001 is 1 year from falling off. Forget about it unless you are contacted before the 7 years run out. If this happens negotiate (with AT&T only) to pay only if they completely remove the errant account.

2001 Judgment for legal fees from a law firm out of business

Dear Bo,

I have a 2001 judgment for Legal Fees for substandard representation by a Law Firm that is now out of business. I am trying to purchase a home and I attempted to call the Law Firm to see if I could work out a settlement. The Law Firm has gone out of business. Can you advise me how or if this effects the judgment on my Credit Report?

Thank you so much for being there.

Real Person

Bo Majors
to Real Person / show details / Feb 9

Dispute it as not yours.
Free form on my website

I have a cloced store card. Will my score go up if I reopen the account?

Hello,

I have a closed store card, will my score go up if I reopen the account?
It is now in collections.

Yes it will. Especially if you can by pass and remove the reported collections.

vantage score verses credit scores

Great web site
Question? Is my Vantage score an average of all three credit scores or is a vantage score it's own score. Each score different and my score is 652

- Show quoted text -
----- Original Message -----
From: Bo Majors
To: RP
Sent: Wednesday, February 07, 2007 10:27 AM
Subject: Re: scores

Vantage scores are totally different from credit scores at the major bureaus. NO. Vanatage scores grade like school grade 60 or 600 and lower is an f. I have not seen many of these and would rely on credit scores as bankers still do. 640's plus is what works for decent rates.

On 2/7/07, Real Person wrote:
Great web site
Question? is my vantage score an average of all three or is each score different and my score is 652.

Real Person

Bo Majors
to Real Person show details Feb 7

Any of the links on my credit help pages. Just cancel in less than 30 days and they are totally free. If you are trying to update and improve keep the service open and check your score often for updates.

How do we write a letter of asking for forgiveness and help with past bad credit

Real Live Married Couple
to me
show details
Feb 6
Dear Mr. Majors,

My husband and I are currently trying to get our credit score up. We ran into financial problems when my husband lost his job 3 years ago. We tried our best to stay afloat, but after a year of so our ship finally sank. We had 2 credit cards we just could not keep up with.My question is how do we write a letter to the company asking for forgiveness. He has finally got a job to where we can pay them off and we want to but we don't know what to say in the letter or what to include in it. Please if you don't mind to help us out with this, it will be greatly appercaited.

Thank You and God Bless,

Bobby and Sue

P.s


Bo Majors
to RLMC
show details Feb 6
Just do what you said and explain you would like to re open the past bad credit account and make it good. We just want to be responsible people who honor our obligations and have a chance to buy a new home.

- Show quoted text -
On 2/6/07, Real Live Married Couple wrote:
Dear Mr. Majors,

My husband and I are currently trying to get our credit score up. We ran into financial problems when my husband lost his job 3 years ago. We tried our best to stay afloat, but after a year of so our ship finally sank. We had 2 credit cards we just could not keep up with.My question is how do we write a letter to the company asking for forgiveness. He has finally got a job to where we can pay them off and we want to but we don't know what to say in the letter or what to include in it. Please if you don't mind to help us out with this, it will be greatly appercaited.

Thank You and God Bless,

Real Live Married couple

P.s

Your website is a life saver!!



Bo Majors
to Donald
show details
Feb 6
http://www.oskie.com/credit-repair-negotiate-with-creditors-remove-delete-bad-credit-collections-charge-offs.htm

Contact Collection and they no longer have account.

Real Live Human
to me
show details
Feb 6
Mr. Majors, I am writing you because I need HELP! I had my credit report pulled. Of coarse I have somethings in collections. I contacted the company that has one of the collections. They informed me that they no longer have the account and I need to contact the Original Creditor. OK. Here's my problem. I have called that collection company today 6 times. Each time they say that they are transferring me to the department that handles the request of the removal on my credit report . They end up hanging up on me. I call back, finally a rep gives me the number to that department just in case we are disconnected. She transfers me and I stay on hold for 15 mins and they disconnected again. I called back and stayed on hold for 30 mins. This time it gave me the option to leave a message and it also gave me the fax number. I left a message and asked them to call me. What do I do now? Do I go ahead and fax a letter requesting the removal? If so what do I say? Thank you advance for your website. I need help I can get at this point.

Thank you.
Real Live Human

Bo Majors
to RLH
show details
Feb 6
if you tired that hard and they couldn't do something then.
DISPUTE IT.
use my free form and hurry. good luck

Collections is hard to talk to. Should I just dispute the collection?

Mr. Majors, I am writing you because I need HELP! I had my credit report pulled. Of coarse I have somethings in collections. I contacted the company that has one of the collections. They informed me that they no longer have the account and I need to contact the Original Creditor. OK. Here's my problem. I have called that collection company today 6 times. Each time they say that they are transferring me to the department that handles the request of the removal on my credit report . They end up hanging up on me. I call back, finally a rep gives me the number to that department just in case we are disconnected. She transfers me and I stay on hold for 15 mins and they disconnected again. I called back and stayed on hold for 30 mins. This time it gave me the option to leave a message and it also gave me the fax number. I left a message and asked them to call me. What do I do now? Do I go ahead and fax a letter requesting the removal? If so what do I say? Thank you advance for your website. I need help I can get at this point.

Thank you.
RLH

Bo Majors
to Real Live Human
show details
Feb 6
if you tired that hard and they couldn't do something then.
DISPUTE IT.
use my free form and hurry. good luck
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I get all three of my credit reports so I "know" what is going on for godness sake. Then I negotiate and use this free dispute form to make the corrections. Instructions and addresses are on the dispute form. I also know how to raise my credit ccore fast quickly free.

Charge off that a made pay off and reported paid as agreed. Can I have it removed?

Hi there i have some question about this. I have a credit account that is been charge off since 2003. Now i have pay off the whole amount. They have report it to the credit report that it have paid as agree. So can i have them remove from my credit report or i have to wait 7 years for it to be remove be itself? credit score 624
thanks
RLP


Bo Majors
to Real Live Human
show details
Feb 4
Yes you have to wait. But in 2 years it will be meaingless if you have at least 3 open and current lines of credit
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I get all three of my credit reports so I "know" what is going on for godness sake. Then I negotiate and use this free dispute form to make the corrections. Instructions and addresses are on the dispute form. I also know how to raise my credit ccore fast quickly free.

My credit score are 533 535 544 and I want to get my credit score up to buy a home

hello my name is RLP and i need some help with my credit and called almost everyone i could to get some answers to no avail. I currently have very low credit scores 533 535 and 544 and want to get my credit scores up,so i can buy a home and here is my situation i have 3 charge offs with azero balance (that were paid in full) can i get them removed?i have some collections on my report also and called the creditors and askedif i pay them in full will they be removed..and they said that its not up tothem to remove it so i dont know what to do there...and second if they dontremove them should i pay them off or is it just wasting my time to pay themif there gonna stay in there i have the money in hand ready to pay but keepgettin a run around with creditors and experian,equifax,andtransunion...transunion gave me 3 different responses with 3 differentpeople so need to know what ya think thanks
Real Live Person

Bo Majors
to Real Live Person
show details
Feb 3
Your on the right track. If you cant get them removed then asked they ve marked paid as agreed and in full one credit cards or laons. with collections use a different approach.
http://www.oskie.com/credit-repair-negotiate-with-creditors-remove-delete-bad-credit-collections-charge-offs.htm

http://www.oskie.com/how-i-get-paid-collection-collections-account-removed-credit-report-completely.htm

I have a few accounts on my credit report with the wrong name. Can I get them removed?

I recently requested a credit report because of a denied lone. After reviewing the report I realized that under one of the major Credit report companies the last name on the report was different from mine, I also keep seen two different conformation numbers come up on my report (Don't understand that one), and a few accounts under the wrong name, I believe may not be mine.

1. What should be my next move.
2. Is this grounds for having any delinquent items removed from my report that may better my score.
3. If nothing is removed and my score doesn't change, will it at least give me a little more of a bargaining tool with the collection agencies, so I may have some items removed.
Reply
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Bo Majors
to Real Live Person
show details
Feb 3
i would dispute them and say they are either not mine or incorrectly reported and you you want them removed
I would also look on my credit help website for the "remove completly page" about debt validation
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I get all three of my credit reports so I "know" what is going on for godness sake. Then I negotiate and use this free dispute form to make the corrections. Instructions and addresses are on the dispute form. I also know how to raise my credit ccore fast quickly free.

Cliamed Bankruptcyu in 2006 discharged in 2006 and I still have bad credit from the bankruptcy

Hi I was browsing your website, and I was wondering who you are and what you do? Do you work for Experience? There is a lot of useful information on there! Thanks
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Bo Majors
to Real Live Person
show details
Feb 2
I had bad credit back in 1992 and paid a dear price to get it back on track. I found the bureaus impossible, learned some tricks, then sold cars for 12 years. Credit became my life somewhat. I operate to help people who need help and are earnest, then I make money from legitimate credit offers for people that want to raise their score.
- Show quoted text -
On 2/2/07, RLP wrote:
Hi I was browsing your website, and I was wondering who you are and what you do? Do you work for Experience? There is a lot of useful information on there! Thanks
RLP
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Real Live Person
to Bo
show details
Feb 2
Wow thanks for the information.

Well here is my dilemma. I claimed bankruptcy in Aug 2005 and discharged April 2006. Most of my bankruptcy was caused by bad checks. So my report had about 62 pages, and 300 accounts. I am now down to 33 pages and only 100 accounts. They were all claimed in bankruptcy it is just that the credit bureau is not updating them properly.

I sat on the phone for 2 days straight (literally) and personally called every single collection agency to make sure their system was updated before I started the disputes. They all either faxed me a letter stating waiver of debt or updated there systems. I just feel better knowing I sat down with pen and paper and took notes of every collection agency and got things resolved. All were very cooperative.

I hope this helps. I now have to wait the 30 days. Sux, cause I am trying to close on a Mortgage by April 30th, but I do not want to submit application until this is resolved. (dont want to stick the hand out to quick..rather clear these items up for better chance) Especially since I am dealing with the VA with only a year out from Bankruptcy.

I sent in all major credit bureaus disputes and documentation. I also did a few online to expedite the process. I hope that now that all Collectors actually have there systems updated that when the computer pings the collectors for disputes they will either A) not respond so it is deleted or b) update with a zero balance.

Any suggestions? Speedy tips?

Thanks Real Live Person
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From: Bo Majors [mailto:majors@oskie.com]
Sent: Friday, February 02, 2007 2:21 PMTo:
Real Live Person:
Re: Question
- Show quoted text -
I had bad credit back in 1992 and paid a dear price to get it back on track. I found the bureaus impossible, learned some tricks, then sold cars for 12 years. Credit became my life somewhat. I operate to help people who need help and are earnest, then I make money from legitimate credit offers for people that want to raise their score.
-------------------------------
On 2/2/07, RLP wrote:
Hi I was browsing your website, and I was wondering who you are and what you do? Do you work for Experience? There is a lot of useful information on there! Thanks
Real Live Person that works at a bank
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Bo Majors
to RLP
show details
Feb 2
sounds to me like you could teach some yourself.
Do that and see what ahappens
Make sure you have ata least three open lines of credit
good luck
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I get all three of my credit reports so I "know" what is going on for godness sake. Then I negotiate and use this free dispute form to make the corrections. Instructions and addresses are on the dispute form. I also know how to raise my credit ccore fast quickly free.

Need to clean up credit. I am working with a lender who found lower scores than my free report online did

Hello Bo,
I appreciate your site.
I have been working to clean up my credit, and based on information on your site realize that I have not been taking quite the right approach.
In any case, I had been using a 3-1 credit bureau with scores to monitor progress. Well I thought I was on the right track as it reported the 3 major credit bureaus as my score being in the high 500's/ea. The highest was transunion at ~592. However, in working with a lender who received the credit reports direct from the bureaus --- found that my score was on average a delta 100 pts lower than the score from my 3-1 credit service. (Ie Transunion from my 3-1 credit provider 592 --- transunion from lender 472). I could reconcile a 10 or 20 point delta / disparity , but 100+ is very disheartening. I believe 472 was accurate in terms of where things stood a year ago, but I have done a lot to payoff issues, etc.
Thoughts? Real Live Human
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Bo Majors
to RLP
show details
Feb 2
I would ask
1. how close are the dates from when you pulled and when the lender pulled your report.
2. did the lender pull from one bureau or all three.
3. are any of your payments even one day late
4. have you charged recently and gone over 80% debt on a loan or card
5. have any cards lowered your credit limit recently.
- Show quoted text -
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On 2/2/07, Real Live Human wrote:
Hello Bo,
I appreciate your site.
I have been working to clean up my credit, and based on information on your site realize that I have not been taking quite the right approach.
In any case, I had been using a 3-1 credit bureau with scores to monitor progress. Well I thought I was on the right track as it reported the 3 major credit bureaus as my score being in the high 500's/ea. The highest was transunion at ~592. However, in working with a lender who received the credit reports direct from the bureaus --- found that my score was on average a delta 100 pts lower than the score from my 3-1 credit service. (Ie Transunion from my 3-1 credit provider 592 --- transunion from lender 472). I could reconcile a 10 or 20 point delta / disparity , but 100+ is very disheartening. I believe 472 was accurate in terms of where things stood a year ago, but I have done a lot to payoff issues, etc.
Thoughts? Real Live Human
RLP
to BO
show details
Feb 2
Thanks. Any idea how much a tax lien costs in terms of point?
Real Live Person
----------------------
From: Bo Majors [mailto:majors@oskie.com] Sent: Friday, February 02, 2007
Real Live Human
Subject: Re: Frustrated Credit Report Disparities
- Show quoted text -
I would ask
1. how close are the dates from when you pulled and when the lender pulled your report.
2. did the lender pull from one bureau or all three.
3. are any of your payments even one day late
4. have you charged recently and gone over 80% debt on a loan or card
5. have any cards lowered your credit limit recently.
---------------------------------
On 2/2/07, Real Live Person wrote:
Hello Bo,
I appreciate your site.
I have been working to clean up my credit, and based on information on your site realize that I have not been taking quite the right approach.
In any case, I had been using a 3-1 credit bureau with scores to monitor progress. Well I thought I was on the right track as it reported the 3 major credit bureaus as my score being in the high 500's/ea. The highest was transunion at ~592. However, in working with a lender who received the credit reports direct from the bureaus --- found that my score was on average a delta 100 pts lower than the score from my 3-1 credit service. (Ie Transunion from my 3-1 credit provider 592 --- transunion from lender 472). I could reconcile a 10 or 20 point delta / disparity , but 100+ is very disheartening. I believe 472 was accurate in terms of where things stood a year ago, but I have done a lot to payoff issues, etc.
Thoughts? REAL LIVE PERSON

Real Live Human
to Bo
show details
Feb 2
BTW, I reran my scores after receiving the report from the mortgage broker and the 3-1 service still showed on average 100 points better than his. Yes, he did pull from all three and the scores were terrible, in the 400's with the exception of transunion which was at least low t mid 500's. I just want to get to low 600's so I can buy something again. I have high income and low income to debt ratio but credit scores which remain too low. Granted I need more time of paying my loans on time and lots of bad marks within 2 year period....
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I get all three of my credit reports so I "know" what is going on for godness sake. Then I negotiate and use this free dispute form to make the corrections. Instructions and addresses are on the dispute form. I also know how to raise my credit ccore fast quickly free.

Lower or improve my credit score by paying down debt ratios

From Real Live Huiman
to Bo
show details
Jan 31
I'm a little confused about credit balances. These two statements have mescratching my head:1. Keep balances low -- less than 30% of credit limits on each card. If yourun your credit up your score will dramatically drop2. Lower any reported debt ratios to less than 80% or your high creditlimits.My credit score dropped from 720 to 620. After reading your advice I thinkthat I know why. My Att credit card has a limit of 14,000 I did a balancetransfer and my balance was pretty close to the limit. The interest rate onthis card is 1.99% for the life of the loan.Within the last 6 months or so I was offerd 2 credit cards from Chase with a0 % until sometime this year. One of the Chase cards is just to have incase an over draft. The 2nd card has a limit of 5,300 and I did a balancetransfered of a little less than the limit.Recently I have gotten the Att card down to 10,6000 and the 2nd Chase carddown to 2,400.With my income tax I plan to pay off the 2nd Chase card. When I get anotherlow interest rate offer I would like to transfere half the balance from theAtt card. Am I on the right track to getting my credit score back up?With the payments that I have made so far how much do you think that myscore have gone up? Please advise.


Bo Majors
to Real Live Human
show details
Jan 31
your score can go up or down 100 plus points over debt ratios
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I get all three of my credit reports so I "know" what is going on for godness sake. Then I negotiate and use this free dispute form to make the corrections. Instructions and addresses are on the dispute form. I also know how to raise my credit ccore fast quickly free.

How long does a credit have to answer one way or another an a dispute that has been filed?

Good Day,

How long does a credit have to answer one way or another on a dispute that has been filed? I was under the impression that they had 30 days to do so, and if they don't say one way or another, then it reverts to what I am saying or gets dropped all together. Please advise. And, if I do it through Experian, will they contact the creditor? Or, how do I send a dispute directly to the creditor?

Live Human

Reply

Bo Majors
to Real Live Human
show details
Jan 31
30 days to answer the bureas request which means about 40 for you.

you write the creditors so you have documentation
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I get all three of my credit reports so I "know" what is going on for godness sake. Then I negotiate and use this free dispute form to make the corrections. Instructions and addresses are on the dispute form. I also know how to raise my credit ccore fast quickly free.

A Few late, stopped making payments, interest went up was recalled naval reserves

1. Bank of America credit card2. opened Jan of 20053. monthly payments, a few late, stopped making payments when intrest ratewent up to 24.99 percent. I was in the Navy previosuly then was recalledinto the naval reserves. I have orders and was then told that under thesailors and soliders relief act the lender had to lower the intrest rate. Icontacted them and thus they refused to negotiate with me. I was enroute toKuwait and offered to settle the account with 3500, they then refused again.I have since contacted credit solutions to assist with negotiating a
settlement offer again. Was paying between 125 and 250 a month.
- Show quoted text -4. 520Please assist with what I can do about this matter. I have orders still as Iam now in the army.



Bo Majors
to Real Live Human
show details
Feb 2
Take this up with someone familiar with military law.

No matter what happened (kuwait, dafar, dog ate it) you still have to make payments. No matter what. You might have been able to negotiate or get relief from interest rates IF you had been making payments on time.

Negotiate a settlement if you can.

My scores are 767 Transunion 785 Equifax and 696 Experian. I have collections

Hi

Thanks for your prompt (almost immediate) response. My scores are 767 transunion, 785 equifax and 696 experian. It looks like the first two have basically taken the small claims thing off my report and experian has not. I think it could be because they are still showing it as open. I sent a dispute a few days ago through one of the websites and hope to that it will improve the score.

I got these scores through truecredit.com. Weirdly enough I doublechecked my experian score through what appears to be the experian website creditexpert.com and my score was 772. I saw on one site that a score over 760 will give you the best deal with mortgages. I'm trying to figure out which score to trust. Any ideas.
----- Original Message -----
From: Bo Majors
To: RLH Sent: Monday, January 29, 2007 9:15 PM
Subject: Re: Credit
they just pull all three scores and divide by three
It is posible but not probable. Use the free dispute form
On 1/29/07, REAL LIVE HUMAN wrote:
Hi,

Two questions. How do they average the three scores to know what score you're really at and is it possible to remove a small claims judgement that has been satisfactorily paid.

Thanks-- Bobo "Bo" Majorshttp://www.oskie.com/ Footballwww.oskie.com/equifaxtransunionexperiancredit.htm Credit


Bo Majors
to Live Human
Jan 29
your scores are soo good I would not worry about a thing
happy new year

Better to pay off collection or keep my current credit up to date or paid up

Bo,

I have read through your website and thank you very much for supplying this information. I, too, need to raise my credit score very quickly in order to purchase a home in the next 2 months. I have some medical bills and a couple of other collections and charge-offs and a few lates. What do you suggest I do with my tax refund? Would it be important to pay off the collections and charge offs first, or should I save the money and use it to help pay other bills on time, ie credit cards and car payment?

Sincerely,
Trying to purchase a home
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Bo Majors
to real person
show details
3:18 pm (4 hours ago)
It would be of most importance to keep current and open lines of credit

does your credit score go up after 7 years of negative credit

I was wondering after 7 years and negative items get drooped does your credit score goes up afterwards.
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Bo Majors
to Live Human

Jan 26 (2 days ago)
If you keep 3 open and current trade lines

mediacl clinic has 4 accounts liste4d on my credit report as derogatory

Bo!

I truly appreciate your website, you have awesome advice and have done a great job with breaking down what someone should do to correct their credit issues.

The problem I'm having is I just found out this week that a medical clinic I started going to on last year has placed 4 derogatory amts into collection on my report.
I started going to this location b/c it opened up right around the corner from my house, making urgent care more convenient.

I have called them to explain that I have never rec'v a bill from them and am getting no where. They say b/c they show the correct address on file, they refuse to remove it even after I told them I'm not disputing the charge and want to pay these amts. I just want to request they remove these amts.

I told her along with never rec'v a bill, I didn't even get a phone call and they have never stopped me from visits due to non-payment. She ( the office manager) told me that they don't do their own billing, b/c they don't have that type of personnel. They have a company in another state process their billing. I should not be penalize b/c their billing company does not f/u w/ their patients to try and collect a payment the proper way.

These amts. are $6, $8, $34, & 64.

Several ppl have told me to before making the payment ask them to agree to have this removed but it's not working for me.

This appeared on my report in Nov.

I'm stressing b/c it took me 3 years to start rebuilding my credit after a divorce so now I protect my credit by any means necessary. I wish the Fair Credit Act had a law where it has to be certain amt. before they place it on your credit report as a collection b/c this is truly ridiculous!

She told me she was considering removing it until she see where I once made a payment so b/c of this, she feels this is proof I rec'v the other bills. Which I am still denying this could still not be true, simply b/c there are times I don't rec'v mail properly b/c my physical address ends in SW and if you don't put it, sometimes we don't rec'v it. Why, I don't know but it happens.

I'm actually going up to the office today to meet w/the office manager personally b/c I'm sure it's easy for someone to say "no" while on the phone but I'm hopeful it will be harder with someone looking you directly in your face.

I just don't know why someone would hurt someone else's future when they are trying to work w/ their organization and not trying to deny bill.

Can you help me figure this one out????? Thank you!

Bo Majors
to LIVE HUMAN
show details
Jan 26 (2 days ago)
your om the right track
tell them your trying to quailfy for a home loan and these are the only bad marks on your credit. youll pay including all fees if they give you a statement in writing that says paid as agreeed and on time.
- Show quoted text -

----------------------------
Hi Bo!

I truly appreciate your website, you have awesome advice and have done a great job with breaking down what someone should do to correct their credit issues.

The problem I'm having is I just found out this week that a medical clinic I started going to on last year has placed 4 derogatory amts into collection on my report.
I started going to this location b/c it opened up right around the corner from my house, making urgent care more convenient.

I have called them to explain that I have never rec'v a bill from them and am getting no where. They say b/c they show the correct address on file, they refuse to remove it even after I told them I'm not disputing the charge and want to pay these amts. I just want to request they remove these amts.

I told her along with never rec'v a bill, I didn't even get a phone call and they have never stopped me from visits due to non-payment. She ( the office manager) told me that they don't do their own billing, b/c they don't have that type of personnel. They have a company in another state process their billing. I should not be penalize b/c their billing company does not f/u w/ their patients to try and collect a payment the proper way.

These amts. are $6, $8, $34, & 64.

Several ppl have told me to before making the payment ask them to agree to have this removed but it's not working for me.

This appeared on my report in Nov.

I'm stressing b/c it took me 3 years to start rebuilding my credit after a divorce so now I protect my credit by any means necessary. I wish the Fair Credit Act had a law where it has to be certain amt. before they place it on your credit report as a collection b/c this is truly ridiculous!

She told me she was considering removing it until she see where I once made a payment so b/c of this, she feels this is proof I rec'v the other bills. Which I am still denying this could still not be true, simply b/c there are times I don't rec'v mail properly b/c my physical address ends in SW and if you don't put it, sometimes we don't rec'v it. Why, I don't know but it happens.

I'm actually going up to the office today to meet w/the office manager personally b/c I'm sure it's easy for someone to say "no" while on the phone but I'm hopeful it will be harder with someone looking you directly in your face.

I just don't know why someone would hurt someone else's future when they are trying to work w/ their organization and not trying to deny bill.

Can you help me figure this one out????? Thank you!

LIVE HUMAN
to Bo

Actually, I told her that b/c we are in the process of working on prequalifying for a new home this is how her collections acct. was brought to my attention.
The only thing I have not offered was to pay any add'l fees. I'll see how it goes today and let you know.

I just can't believe I'm going through this.
So if after all this nothing changes, would the next step be to contact the credit bureaus? and if your answer is "yes" haven't I already opened a can of worms that may make it easier for them to dispute my argument that I never rec'v these bills?
--------------------------------
From: Bo Majors [mailto:majors@oskie.com]
Sent: Friday, January 26, 2007 8:14 AM
To: LIVE HUMAN
Re: working w/ medical creditors

your om the right track
tell them your trying to quailfy for a home loan and these are the only bad marks on your credit. youll pay including all fees if they give you a statement in writing that says paid as agreeed and on time.

On 1/26/07, Woods, Twanna <Twanna.Woods@laquinta.com> wrote:
Hi Bo!

I truly appreciate your website, you have awesome advice and have done a great job with breaking down what someone should do to correct their credit issues.

The problem I'm having is I just found out this week that a medical clinic I started going to on last year has placed 4 derogatory amts into collection on my report.
I started going to this location b/c it opened up right around the corner from my house, making urgent care more convenient.

I have called them to explain that I have never rec'v a bill from them and am getting no where. They say b/c they show the correct address on file, they refuse to remove it even after I told them I'm not disputing the charge and want to pay these amts. I just want to request they remove these amts.

I told her along with never rec'v a bill, I didn't even get a phone call and they have never stopped me from visits due to non-payment. She ( the office manager) told me that they don't do their own billing, b/c they don't have that type of personnel. They have a company in another state process their billing. I should not be penalize b/c their billing company does not f/u w/ their patients to try and collect a payment the proper way.

These amts. are $6, $8, $34, & 64.

Several ppl have told me to before making the payment ask them to agree to have this removed but it's not working for me.

This appeared on my report in Nov.

I'm stressing b/c it took me 3 years to start rebuilding my credit after a divorce so now I protect my credit by any means necessary. I wish the Fair Credit Act had a law where it has to be certain amt. before they place it on your credit report as a collection b/c this is truly ridiculous!

She told me she was considering removing it until she see where I once made a payment so b/c of this, she feels this is proof I rec'v the other bills. Which I am still denying this could still not be true, simply b/c there are times I don't rec'v mail properly b/c my physical address ends in SW and if you don't put it, sometimes we don't rec'v it. Why, I don't know but it happens.

I'm actually going up to the office today to meet w/the office manager personally b/c I'm sure it's easy for someone to say "no" while on the phone but I'm hopeful it will be harder with someone looking you directly in your face.

I just don't know why someone would hurt someone else's future when they are trying to work w/ their organization and not trying to deny bill.

Can you help me figure this one out????? Thank you!
----------------------------------
Bo Majors
to LIVE HUMAN

Jan 26 (2 days ago)
Look back at my credit page for remove completely
Read about debt validation. It might help you.
--------------------------------
On 1/26/07, LIVE HUMAN wrote:
thank you for your quick response.

Actually, I told her that b/c we are in the process of working on prequalifying for a new home this is how her collections acct. was brought to my attention.
The only thing I have not offered was to pay any add'l fees. I'll see how it goes today and let you know.

I just can't believe I'm going through this.
So if after all this nothing changes, would the next step be to contact the credit bureaus? and if your answer is "yes" haven't I already opened a can of worms that may make it easier for them to dispute my argument that I never rec'v these bills?


From: Bo Majors [mailto:majors@oskie.com]
Sent: Friday, January 26, 2007 8:14 AM
To: LIVE HUMAN
Re: working w/ medical creditors
your om the right track
tell them your trying to quailfy for a home loan and these are the only bad marks on your credit. youll pay including all fees if they give you a statement in writing that says paid as agreeed and on time.

On 1/26/07, LIVE HUMAN wrote:
Hi Bo!

I truly appreciate your website, you have awesome advice and have done a great job with breaking down what someone should do to correct their credit issues.

The problem I'm having is I just found out this week that a medical clinic I started going to on last year has placed 4 derogatory amts into collection on my report.
I started going to this location b/c it opened up right around the corner from my house, making urgent care more convenient.

I have called them to explain that I have never rec'v a bill from them and am getting no where. They say b/c they show the correct address on file, they refuse to remove it even after I told them I'm not disputing the charge and want to pay these amts. I just want to request they remove these amts.

I told her along with never rec'v a bill, I didn't even get a phone call and they have never stopped me from visits due to non-payment. She ( the office manager) told me that they don't do their own billing, b/c they don't have that type of personnel. They have a company in another state process their billing. I should not be penalize b/c their billing company does not f/u w/ their patients to try and collect a payment the proper way.

These amts. are $6, $8, $34, & 64.

Several ppl have told me to before making the payment ask them to agree to have this removed but it's not working for me.

This appeared on my report in Nov.

I'm stressing b/c it took me 3 years to start rebuilding my credit after a divorce so now I protect my credit by any means necessary. I wish the Fair Credit Act had a law where it has to be certain amt. before they place it on your credit report as a collection b/c this is truly ridiculous!

She told me she was considering removing it until she see where I once made a payment so b/c of this, she feels this is proof I rec'v the other bills. Which I am still denying this could still not be true, simply b/c there are times I don't rec'v mail properly b/c my physical address ends in SW and if you don't put it, sometimes we don't rec'v it. Why, I don't know but it happens.

I'm actually going up to the office today to meet w/the office manager personally b/c I'm sure it's easy for someone to say "no" while on the phone but I'm hopeful it will be harder with someone looking you directly in your face.

I just don't know why someone would hurt someone else's future when they are trying to work w/ their organization and not trying to deny bill.

Can you help me figure this one out????? Thank you!
---------------------------------
LIVE HUMAN
to me
show details
Jan 26 (2 days ago)
OKay, will do!

Once this is all clear, I will let you know, so I can be another person to brag that your advice does work!

I truly appreciate you putting so much information out there for individuals who care about their credit.

Have a great day!
:)
--------------------------------------------
From: Bo Majors [mailto:majors@oskie.com]
Sent: Friday, January 26, 2007 9:16 AM
- Show quoted text -
To: Woods, TwannaSubject:
Re: working w/ medical creditors

Look back at my credit page for remove completely
Read about debt validation. It might help you.
-----------------------------
On 1/26/07, LIVE HUMAN wrote:
thank you for your quick response.

Actually, I told her that b/c we are in the process of working on prequalifying for a new home this is how her collections acct. was brought to my attention.
The only thing I have not offered was to pay any add'l fees. I'll see how it goes today and let you know.

I just can't believe I'm going through this.
So if after all this nothing changes, would the next step be to contact the credit bureaus? and if your answer is "yes" haven't I already opened a can of worms that may make it easier for them to dispute my argument that I never rec'v these bills?
-------------------------------
From: Bo Majors [mailto:majors@oskie.com]
Sent: Friday, January 26, 2007 8:14 AM
To: LIVE HUMAN
Re: working w/ medical creditors
your om the right track
tell them your trying to quailfy for a home loan and these are the only bad marks on your credit. youll pay including all fees if they give you a statement in writing that says paid as agreeed and on time.

On 1/26/07, LIVE HUMAN wrote:
Hi Bo!

I truly appreciate your website, you have awesome advice and have done a great job with breaking down what someone should do to correct their credit issues.

The problem I'm having is I just found out this week that a medical clinic I started going to on last year has placed 4 derogatory amts into collection on my report.
I started going to this location b/c it opened up right around the corner from my house, making urgent care more convenient.

I have called them to explain that I have never rec'v a bill from them and am getting no where. They say b/c they show the correct address on file, they refuse to remove it even after I told them I'm not disputing the charge and want to pay these amts. I just want to request they remove these amts.

I told her along with never rec'v a bill, I didn't even get a phone call and they have never stopped me from visits due to non-payment. She ( the office manager) told me that they don't do their own billing, b/c they don't have that type of personnel. They have a company in another state process their billing. I should not be penalize b/c their billing company does not f/u w/ their patients to try and collect a payment the proper way.

These amts. are $6, $8, $34, & 64.

Several ppl have told me to before making the payment ask them to agree to have this removed but it's not working for me.

This appeared on my report in Nov.

I'm stressing b/c it took me 3 years to start rebuilding my credit after a divorce so now I protect my credit by any means necessary. I wish the Fair Credit Act had a law where it has to be certain amt. before they place it on your credit report as a collection b/c this is truly ridiculous!

She told me she was considering removing it until she see where I once made a payment so b/c of this, she feels this is proof I rec'v the other bills. Which I am still denying this could still not be true, simply b/c there are times I don't rec'v mail properly b/c my physical address ends in SW and if you don't put it, sometimes we don't rec'v it. Why, I don't know but it happens.

I'm actually going up to the office today to meet w/the office manager personally b/c I'm sure it's easy for someone to say "no" while on the phone but I'm hopeful it will be harder with someone looking you directly in your face.

I just don't know why someone would hurt someone else's future when they are trying to work w/ their organization and not trying to deny bill.

Can you help me figure this one out????? Thank you!
LIVE HUMAN
---------------------------
LIVE HUMAN
to me
show details
Jan 26 (2 days ago)
OKAY, HERE YOU GO!!!!!

I went to the Physicians office today and spoke directly with the office manager I had been trying to work with all week!
I figured if she could see that I was a real person and not just someone over the phone it might make a difference.
Also, I printed off the storyline of the movie "Pay It Forward"
I asked her had she ever seen this movie and she said "Yes" and knew exactly where I was going.
She applauded me for my persistence and said as long as I was going to pay the amt. in full she would have my delinquencies removed.
She made the call while in the office to the Collection Agency and also put it in writing on their letter head they have agreed to remove this b/c of my payment in full!

I am going to make sure I send your link to everyone I know b/c it is b/c of your wonderful advice I was able to approach this with hope of it getting cleared up.

and this was 4 derogatory marks on my report.
So I look forward in seeing my Credit Score moving back up!

Thank you Bo!!!!!!!!!!!!!
----------------------
From: Bo Majors [mailto:majors@oskie.com]
Sent: Friday, January 26, 2007 9:16 AM
To: LIVE HUMAN:
Re: working w/ medical creditors
Look back at my credit page for remove completely
Read about debt validation. It might help you.
----------------------------------
On 1/26/07, LIVE HUMAN wrote:
thank you for your quick response.

Actually, I told her that b/c we are in the process of working on prequalifying for a new home this is how her collections acct. was brought to my attention.
The only thing I have not offered was to pay any add'l fees. I'll see how it goes today and let you know.

I just can't believe I'm going through this.
So if after all this nothing changes, would the next step be to contact the credit bureaus? and if your answer is "yes" haven't I already opened a can of worms that may make it easier for them to dispute my argument that I never rec'v these bills?
--------------------------------------------
From: Bo Majors [mailto:majors@oskie.com]
Sent: Friday, January 26, 2007 8:14 AM
To: LIVE HUMAN
working w/ medical creditors
your om the right track
tell them your trying to quailfy for a home loan and these are the only bad marks on your credit. youll pay including all fees if they give you a statement in writing that says paid as agreeed and on time.
---------------------------------------
On 1/26/07, REAL PERSON wrote:
Hi Bo!

I truly appreciate your website, you have awesome advice and have done a great job with breaking down what someone should do to correct their credit issues.

The problem I'm having is I just found out this week that a medical clinic I started going to on last year has placed 4 derogatory amts into collection on my report.
I started going to this location b/c it opened up right around the corner from my house, making urgent care more convenient.

I have called them to explain that I have never rec'v a bill from them and am getting no where. They say b/c they show the correct address on file, they refuse to remove it even after I told them I'm not disputing the charge and want to pay these amts. I just want to request they remove these amts.

I told her along with never rec'v a bill, I didn't even get a phone call and they have never stopped me from visits due to non-payment. She ( the office manager) told me that they don't do their own billing, b/c they don't have that type of personnel. They have a company in another state process their billing. I should not be penalize b/c their billing company does not f/u w/ their patients to try and collect a payment the proper way.

These amts. are $6, $8, $34, & 64.

Several ppl have told me to before making the payment ask them to agree to have this removed but it's not working for me.

This appeared on my report in Nov.

I'm stressing b/c it took me 3 years to start rebuilding my credit after a divorce so now I protect my credit by any means necessary. I wish the Fair Credit Act had a law where it has to be certain amt. before they place it on your credit report as a collection b/c this is truly ridiculous!

She told me she was considering removing it until she see where I once made a payment so b/c of this, she feels this is proof I rec'v the other bills. Which I am still denying this could still not be true, simply b/c there are times I don't rec'v mail properly b/c my physical address ends in SW and if you don't put it, sometimes we don't rec'v it. Why, I don't know but it happens.

I'm actually going up to the office today to meet w/the office manager personally b/c I'm sure it's easy for someone to say "no" while on the phone but I'm hopeful it will be harder with someone looking you directly in your face.

I just don't know why someone would hurt someone else's future when they are trying to work w/ their organization and not trying to deny bill.

Can you help me figure this one out????? Thank you!

-- Bobo "Bo" Majorswww.oskie.com Footballwww.oskie.com/equifaxtransunionexperiancredit.htm Credit -- Bobo "Bo" Majorswww.oskie.com Footballwww.oskie.com/equifaxtransunionexperiancredit.htm Credit

------------------------
Bo Majors
GReat job Happy New Year
---------------------------
LIVE HUMAN TO BO MAJORS
show details
Jan 26 (2 days ago)
Thank you!

It will be!
:)

Debt Validation for collection companies

Hello Bo:Thank you for such a wonderful website and helpful information. However, I have a question that I could not find an answer to on your site. I had a credit card debt that was charged off from the original creditor in 2000. It was then sold to a collection agency #1 so I have 2 negative marks for the same debt. While I was making payments to collection agency #1, it was then sold to another collection agency #2. After that, I stopped making payments and was not bothered by any collectors. The negative mark from the original creditor is scheduled to be removed this year in May. Just the other day, I received a phone call from collection agency #2 in regards to the debt.My question is, after the debt is removed from my report by the original creditor due to the 7 year mark, would the collection agencies have to remove their mark too because it is the same debt?? Your reply would be greatly appreciated. Thank you,
Live Human
------------
Bo Majors
to Live Human
show details
Jan 25 (4 days ago)
read this

The addresses for reporting by mail were different from the one’s listed on the following:
Equifax P.O. Box 740256
Transunion P.O. Box 2000
------------------------------
You could use either one. I know that the ones on my website work. I also know there are others that will work also. Just make sure you say atten dispute dept.

The collection agency is willing to take 30% of my bill and settle so i can get a loan

Hello Majors,

Thank you so much for your blog. Quick question, I had a medical bill that went to collections, my credit score which was 720 dropped to 660, I have called the collection agency and asked them to negotiate, they are willing to take 30% off the bill. They said they will take it off my credit. However, is this true? Do they really take off a collection off your credit report? Or does it stay there for 7 years? How does this work?

Thank you so much!!!

LIVE HUMAN
--------------------------
Bo Majors
LIVE HUMAN
show details
Jan 22 (6 days ago)
yes they can get written confirmation before you pay. sounds like a great deal take it

Apartment complex turned over to collections for fees I do not owe

Hi Bo,I read your site and found it immensely helpful and informative. I waswondering if I might ask you a question regarding what I should do about anegative item on my credit report.In May of 2005, I and two roommates moved out of an apartment we weresharing. We were hit by the apartment company with what we considered anexorbitant damage bill - $353, considering we left the place in pristinecondition. We tried unsuccessfully to negotiate with the company, but theywould not budge. That was the end of it for a while...In July of 2006, I got a call from a bill collector on the damage bill. Itold him we thought the damages were exorbitant and would not pay. Itsubsequently went on all three of our credit reports as deliquent but"disputed by customer."Now, in January 2007, I would like to take care of this. I followed youradvice regarding trying to get the collection agency to remove the item inexchange for payment, but they refused and said they would only mark it aspaid. They say to remove it would violate their obligation to the reportingcompanies to provide accurate information.The collection agency is ACCBI in Florida. My current score is 662. Is itworth while to pay if I can't succeed in negotiations? Are there some othernegotiation techniques I should be trying? Could I go around the collectorat this point and go back to the apartment company?Thanks for your help,
LIVE HUMAN
----------------------------------
Bo Majors
LIVE HUMAN
show details
Jan 22 (6 days ago)
The apartment complex is were to go for credit relief
Im not sure that most collection agencies even operate by the law they state
check this out
http://www.creditinfocenter.com/rebuild/debt_validation.shtml
LIVE HUMAN wrote:
Hi Bo,I read your site and found it immensely helpful and informative. I waswondering if I might ask you a question regarding what I should do about a negative item on my credit report.In May of 2005, I and two roommates moved out of an apartment we weresharing. We were hit by the apartment company with what we considered anexorbitant damage bill - $353, considering we left the place in pristine condition. We tried unsuccessfully to negotiate with the company, but theywould not budge. That was the end of it for a while...In July of 2006, I got a call from a bill collector on the damage bill. Itold him we thought the damages were exorbitant and would not pay. Itsubsequently went on all three of our credit reports as deliquent but"disputed by customer."Now, in January 2007, I would like to take care of this. I followed your advice regarding trying to get the collection agency to remove the item inexchange for payment, but they refused and said they would only mark it aspaid. They say to remove it would violate their obligation to the reporting companies to provide accurate information.The collection agency is ACCBI in Florida. My current score is 662. Is itworth while to pay if I can't succeed in negotiations? Are there some othernegotiation techniques I should be trying? Could I go around the collector at this point and go back to the apartment company?Thanks for your help, LIVE HUMAN
-----------------------
Bo TO LIVE HUMAN

The apartment complex is were to go for credit relief Im not sure that most collection agencies even operate by the law they state. Check this out
http://www.creditinfocenter.com/rebuild/debt_validation.shtml
- Show quoted text -

how can i get student loans taken of my credit report if I consolidated all the loans with a finacne company

Bo,

First, thank you for being a good human being and helping others – that’s what life is supposed to be about.

Second, I am recovering from a divorce and am getting my credit back up to par.

Lastly, my question is how or can I get my student loans taken of my credit report if I have consolidated all the loans with another finance company? I had four student loans with different companies while going through school. After graduating, I consolidated all those loans under one finance company. Being that the four original loans were over 7 years old, I tried to get them to delete them from my report. They would not, even though I disputed that the loans were consolidated. If this makes any bearing one the matter, all loans, consolidated or otherwise are in good standing.

Thanks for your help,
Live Human
----------------------------------
Bo Majors
TO LIVE HUMAN
show details
Jan 22 (6 days ago)
If the loans were never more than 30 days late they are not hurting your report and i would not worry with it. Credit stays on your report for 7 years past the date of last activity. IF the date of last activity is past 7 years the accounts should be reomved.
You would dispute that the loans or outdated no consolidated. Matter of a fact consolidated only verifys that fact that the loans are a matter of fact.

I bought a car and had 40 inquiries. Can I dispute them to help my score

Hi Bo, thanks for publishing your tips online. I bought two cars in 2006 and had 67 inquiries ( hard ) made through the 2 dealers I bought from. My score lowered by 40 points as a result of it. Can I dispute the amount of inquiries on my report ? I am getting ready to buy a house and my score will increase the interest rate on a mortgage.
Thanks,
LIVE HUMAN
-------------------------
Bo Majors
TO LIVE HUMAN
show details
Jan 19
You can but i doubt it will work. After all they were real hits from a car dealer. I might be angry with the car dealer. Your credit must have been borderline because most dealers will not work that hard to get financing unless there is a problem.
- Show quoted text -
--------------------------------
Hi Bo, thanks for publishing your tips online. I bought two cars in 2006 and had 67 inquiries ( hard ) made through the 2 dealers I bought from. My score lowered by 40 points as a result of it. Can I dispute the amount of inquiries on my report ? I am getting ready to buy a house and my score will increase the interest rate on a mortgage.
Thanks,
----------------------
TO LIVE HUMAN
show details
Jan 19
Thanks for your reply, and yes it was 627 at the time.

las date listed 10-99, transfered to different lender. should they be removed now

Bo,
I read your website today and I have several questions for you regarding my credit report.
What is the most favorable “pay status” that you can receive on your report, is it “current?
A few years ago I closed many credit card accounts after paying off their balance. I was unaware, until today, that this was worse for my credit. I have many accounts listed on my report that say that consumer requested account closed. Is there anything I could and should do? Of few of the accounts should be coming off the report as of 10/07. Should I reopen them even if they have a zero balance?
I have several student loan accounts that all have zero balances and are closed. The last date listed on the report is for 10/99, however they have “transferred to different lender” on them. Shouldn’t they be removed by now?
I have a listing for a credit card where it says “bad debt, charge off, collection” on it. I think the balance on it may have been $1,126. It was closed July 2003. Should I reopen the account and pay off the balance?

Right now my credit scores are – Transunion-637; Experian -643; and Equifax -576.

Live Human
Bo Majors
To LIVE HUMAN
Jan 18
1. current, zero balance, no lates
2. It is not bad for your credit if you pay them off before you close them
3. if 10/99 is date of last activity then it should come off and you'll be done with it
4. yes you should if you can
something has happened on the equifax that hasn;t on the others. The 640's are ok and i wouldn;t be too concerned

credit card that had reported to Experian that I paid off, negatively showed up on my credit report with Experian and Equifax

Mr Oskie

Thank you for taking the time to review my correspondence.

I had a credit card that had reported to Experian that I paid off an account; however, they stated that I Settled the payment. Which in effect, this negatively showed up on my credit report with Experian and Equifax. The fact is that I paid the account off in full. I did not settle. When I contacted Experian, they started the dispute and they found out that Citibank reported, incorrectly. Experian removed it from my credit report; consequently, this raised my credit score with Experian by 100 points.

Now, I have noticed that the same Settlement was showing up on my December Equifax credit report. Of course, the seven years was up in January, and it automatically deleted from my Equifax report in January. However, my credit score is 75 points lower than Experian's credit score. Eventhough the same creditors, i'e Installment Loans and Revolving Credit, are on both bureaus' reports.

My question is: Since the Settlement perceivably, drastically lowered my credit score with Equifax, then the Settlement automatically dropped off of my report in January 2007, of course my credit score didnt automatically raise.....because in Equifax's mind, they believe that I had a Settlement in my credit history. Can I dispute my credit score with Equifax or can they retroactively remove the Settlement, which in turn will raise my credit score?


Thanks in advance!

REAL LIVE PERSON

Bo Majors
to Live Human
show details
Jan 18
none of this would be a fact.
your credit report must show something that is different to be that much lower. A charged up card a payement one day late. Something has to be different.

you are never penalized for something that is not currently on your report.

Don't use Capital One Credit Cards

My name is Mike.. I read your terrific advice, and it is great.. One question though about what you said about "get rid of and dont apply for capitalone credit cards".. cause they show maxed credit... I have fourof them, how can i tell that they are showing the exact same thing youdescribed?? thanks in advance...
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if you get the balance off the cards your score will rise no matter how you do it as long as you don't go over 80% on another card
You need to check your credit to make sure I am telling facts.
I have heard this from several reliable sources but i do not have direct confirmation.
do you know how they are reported and what your score is
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right now my score is 620. all 4 cap one cards are showing my credit limit as 0$ but shows my balances.. so I assume that is what you were talking about... so if i transfer those balances off of capital one cards to the others like hsbc for example, then that would be good for my score right? and still leave the capitalone cards still open, just with no balances? right? or just close them afterwards? by the way I really appreciate this.. if there was a linkon your site for a donation, i would send you one.. Ive told others about your advice after I noticed it... thanks!!
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well I KNEW IT
Ive been told this is fact.
yes...four cards could up your score big time i bet up to 700
I don't think it would be wise to keep the capital one cards active for any reason. if you can close them AFTER you have paid them completely off
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I am gonna transfer the balances off and will post an update later on... thanks again for your terrific advice...
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ur welcome

My Divorce has hurt my credit score and credit report

hello bo thanks for the very helpful and informative site. after a divorce my credit suffered dramatically. i have done nothing for well over 3 years on my credit until oct of o6. i purchased a tri report from trans union thru true credit. my experian was 583 equifax was 553 and trans was 558. i have done absolutely nothing else for 3 months had nothing new go on or anything. jan 13 of 07 i again checked my scores equifax dropped 33 points experian dropped 57 points and trans raised 15 points. do these other agencys know when you purchase from competiors. within 24 hours of purchasing my trans went up 5 pts. also the only thing i had done to my report otherwise is had over 5000 of bad reported child support removed which i thought would improve not be derogatory. PLEASE help what do i do we were planning on buying a home in 3 months. thanks in advance
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you can do nothing for 3 months and late bills can just show as even worse.
i cannot see your report 3 months ago or the one you have now but something changed. the most common is more than 80% owed against high credit limit.
there are som serious infractions on your reports. each bureau has different creditors that report to them so scores are alwasy a little different.
bureaus have no idea when you get a report online. they are too busy to even try to keep up with somthing so sinister

Raise my credit and dispute some errors on my report

I am tryimg to raise my credit score and I have already disputed some items on my report. I've now gotten my reports back from my disputes. Most of the stuff was updated as a paid collection account. How can I get this removed?
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Removed only happens when one bargains or talks to creditors.
Paid Collections will be on your report for 7 years.
They affect you only for 2 years if have new and current rated credit lines.

Dispute inquiries, names, negatives, credit repair compnies can help?

I’m looking for advice. I have been told by others that I can send in disputes on little things such as “jr” is missing from my name in hopes that those collections agencies won’t respond and therefore the negative entries on my credit report will be removed. Is this what the “Credit Repair” companies do aside from creating a new identity (illegally from what it sounds like)? Also, If I have paid off any collections, can I have them removed from my report?

Thank you so much for your help in advance.
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Credit repair companies do what my website tips say to do mostly, then charge you for it. Collections can removed in some cases by making deals to pay in full + fees if they take the credit entry off. Most collections deal with utilities, hospitals and the like. Because unpaid bills have been sold to collections for cents on the dollar collections compnies will sometimes cut a deal. This assumes the collections are total seperate from the original debt.
Call and make deals with collections.
Dispute errors on credit files and hope for the best.
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Since I’ve already paid these debts, is there still any way for me to negotiate them to come off my credit report?
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I doubt it.
If they are more than 2 years old and you have new and current credit the effects are slight if any

BK is scheduled to come off my report soon

Hi Bo-I'm writing you to find out if you have any suggestions about my BK thats scheduled to come off my report next month. Do you think I should write thebureaus and remind them? Or do you believe it will just fall off?Thank you.
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I would write them myself to make sure. Just so I could sleep better. I would wait until the expected date has passed and use the formal dispute form and state account is reported incorrectly as time has expired.
I would also make sure I was working on new good credit
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Wow, thank you for the advice. I wasn’t sure I would get a response but appreciate your insight.

arrangements to settle old debts with a company

I would like to know if you do not make arrangements to settle old debts with a company. Do they ever come off your credit report? Or is the only way to get it fixed is to set up a payment plan. Thank you
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they are supposed to come in 7 years from date of last activity.
sometimes creditors find way of manipulating this date. collections and stuff
once they set up payments though they cannot SUE you for the balance. So most either sell them to collections, sue or charge you off. suit or collections are the most painful. collections is where the redating come in most times.

Charge off debt for 1400. Should I settle the acccount or pay in full

Your website has been very helpful to me. I have 1 question that seems to be hard to answer. I have a charged-off debt in the amount of $1400. The company is willing to settle the amount for $400. If I a pay it in full, they said it would show paid in full. Is it better for my credit that I pay it in full or will it not matter as it is already a charged off account with poor payment history? Thanks
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Depends on the dates and all. Is the account is like 3+ years old they might readate the account and by paying make it new.
But my opinion is you sould pay them and take whatever deal they make and learn from your mistakes.
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I feel like I should be paying you for this advise.

The account was opened in 2000. It charged of in 2003. I have been making payments but inconsistently since 2003. Dumb on my part, but a juvenile college kid at the time. I want it done and gone, just not sure the best thing to do and don't want to waste $1200 that could be used to pay off current. The company did state that they thought it might fall off in a couple years if paid in full. Thanks again.
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Charged off in 03 is going to hurt your credit pretty good at 1400. SOOOooooo

If I had the the money I would pay them off BUT, I would ask for them to take the account off my credit totally for 1400! Or Update the account to show never late and paid as agreed. Which they can do but will say they can't do.
OR
I would settle for the $400.

Settlement accepted on this account
OR
Account paid in full on a charged off acount are not much different in the ling run and on your credit score.

Your score will get better if you keep current and open accounts and pay on time and get some time behind the late payments.

It just feels better to pay everyone, everything, like an alcholic is supposed to make amends on step nine. You will be less likley to take this path again.

Credit card company closed my account and still charge interest

I am sending this email to find out a question. Can a credit card company close an account, but still charge intrest.On my credit report it says that the account is closed by creditor.
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They sure can. Usually up to 180 days worth, then they go to courts or collection agencies and nasty stuff. Even worse they can add penalties which are stated in your credit card agreement which almost no one reads. These agreements basically say they can charge you whatever they want if this or that happens.

Rebuild my credit by paying unpaid bills and student loans

Hello Bo, My name is Live Person I am 27 years old I am in the process of rebuilding my credit. Currently myscore is 432 since 02/06. Most of the debt is student loans. I also have some unpaid bills. i wanted toknow how do i go about paying off these upaid bills,they total up to 1000 dollars. I do not know if i paythe creditor or to the breau.
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bureaus report what creditors send them only!
you must pay the creditors.
you need to get new current credit
go to my webpage and sign up for the orchard bank card where you pay 200 to get started. they report to bureaus. You will have paid off your debts and have a new gig going on....cool. you need to do that because no one will approve a 432 and you desperatly need new current credit.

lost my billfold with credit cards and drivers license

My 90 year old grandfather was in the hospital this weekend and lost his billfold which had everything in it. I need to report his Driver License # and his Social Security # so no one will be applying for credit cards etc. Who do I contact regarding this. I have called Experian, Transunion, and Equifax and no one can seem to help me....

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Bo Majors

show details
Jan 2
http://www.oskie.com/free-letter/Credit-Fraud-Theft-Identity.htm
Do this first. I know you will have to do something about the Drivers License stuff. Get some utilities bills, marriage license, social security check or go right now to the drivers license testing center and get anew id to use. But HURRY. Mail this stuff next day air with confirmation receipt
Go to the locol police department and file a report. Say it was stolen. which it probably was since you don't have it. While he was sleeping or it was left somewhere and when he came back it was gone. No one helped and lost and found does not have any records. Use your copy to send along with this form.

Thanks for the free credit advice on your website

I just wanted to say thank you for your website. The content is helpful and easy to understand. I now have a starting point and guidelines to improve my credit that i didn't have last week or last year. So thank you. God Bless for giving some good free advice!

Third time I have contacted you regarding credit issues

Hi Bo,This is the third time that I have contacted you regarding credit issues. Thank you for allowing the opportunity to do so. I have yet again another question that I need to ask you regarding credit. Just to let you know that I am still fighting with HSBC regarding the error on their part. They are not willing to do anything about it, and I am still very upset . I wish this could be removed totally from my credit report. This is not showing up on my Transunion report, but is on Equifax and Experian. I contacted all the bureaus over 30 days ago and I have still not received anything back from them.The reason that I am contacting you this time is in regards to being a cosigner. I co-signed for a friend almost 4 years ago for her car. She has been making all of the payments. Unfortunately, I received a call that she is now 30 days past due on her payment, and I was asked for the payment since this (may)affects my credit also. What is funny about this whole situation is this account has NEVER shown up on my credit reports. Will this now show up on my credit report, and if so, is there someway to fight it since it was never on there for almost 4 years??Thanks,
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The credit issuer may not routinely report. Especially if they are a high risk lender. Yes they can report even if they have never done so in the past. In fact they can even sue you for the balance if she were to default. This is why they ask for co signors. To have another body bag if needed.\n\n Sorry, but you better gets her ass in gear or pay yourself. ",

Bo Majors
show details
12/28/06
The credit issuer may not routinely report. Especially if they are a high risk lender. Yes they can report even if they have never done so in the past. In fact they can even sue you for the balance if she were to default. This is why they ask for co signors. To have another body bag if needed.
Sorry, but you better gets her ass in gear or pay yourself.

Need a home loan and my credit score is low. Raise my score fast

Hello Mr. Majors,

My name is Vernice and Iam trying to achieve another home loan. I sold my previous home last summer to get a fresh start on things after having a few months of financial difficulties.
My lender said with me having a couple of late mortgage payments that it would be better if I rented for about 6 months, pay off some bills and start fresh at the beginning of 2007. Here we are almost at the beginning of the new year, and my lender is saying that my middle score is around 536 because of the late payments. I got my credit report just yesterday and my scores were 567 609 and 609, how is a middle score determined???? Iam stumped on this. My lender says that I would need at least a 540 to seek out certain programs.

I really wish to stop renting and buy another home. My rent here is as much as a mortgage payment. Iam contacting the agencies in writing to dispute things that I do not know about on my report. They have me down for a few late payments and most of them are not so.

Can you please help me to understand this stuff???

thank you

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Bo Majors
to Vee
show details
12/27/06
So you do have all three reports. Each score reporesents one bureaus reprersentation of the credit reportesd to them. SO\nGo after the lower scores. My guess is your credit STINKS. 536 oh my gosh. You have not paid anyone. My suggestion would be to get a secured Orchard Bank Card here\nhttp://www.credit.com/r/problem_credit/af\u003dp39646&ag\u003d\nMaybe more as one needs at least 3 open lines of credit.\nIf you do not have all three reports and score in hand now get them here http://www.credit.com/r/truelink_fit/af/u003dp39646&ag\nread this page it is really that simple http://www.oskie.com/raise_credit_score_fast_quickly_free.htm So you do have all three reports. Each score reporesents one bureaus reprersentation of the credit reportesd to them. SO Go after the lower scores. My guess is your credit STINKS. 536 oh my gosh. You have not paid anyone. My suggestion would be to get a secured Orchard Bank Card here http://www.credit.com/r/problem_credit/af=p39646&ag=
Maybe more as one needs at least 3 open lines of credit.
If you do not have all three reports and score in hand now get them here
http://www.credit.com/r/truelink_fit/af=p39646&ag
read this page it is really that simple
http://www.oskie.com/raise_credit_score_fast_quickly_free.htm

repossessed and garnished

Hi, Mr. Majors,

My husband and I have had a very bad financial slump since 2001. It's not that I didn't want to pay my bills or get out of debt, I was unemployed for 4 years then finally got a temp job without uncertainty I've been on for almost 2 yrs. My husband can't seem to keep a job since then. Now, I just checked our credit today and we have judgements that were garnished in another county and they won't remove it from the original county. The 3 credit cards and 1 utility bill was just charged off today. I really don't know what I can do now I really don't have the money accept to pay off some small amounts on our credit by small payments. Our car was repossessed in 2002 and they garnished my husband in 2004 until he lost that job. We have judgements for at least 3 places of residents still on our credit too. I live in a hotel with 3 kids and can't get a place to live in. Will bankruptcy be too late or best at this time, to just start all over again? Please help me with any of your advice please.



Bo Majors
show details
12/26/06
Bankruptcy sounds like the best option from what I hear. I hope you don't have too many suits or liens prior to BK in that makes the BK not as helpful.

Sounds to me that more than anything you need a steady gig that works for you. I wonder if something else is happening inside this household other than job stuff. Is it bad job market or one can't hold a job long because of unsteady feet, or what?
- ----------------------
Hi, Mr. Majors,

My husband and I have had a very bad financial slump since 2001. It's not that I didn't want to pay my bills or get out of debt, I was unemployed for 4 years then finally got a temp job without uncertainty I've been on for almost 2 yrs. My husband can't seem to keep a job since then. Now, I just checked our credit today and we have judgements that were garnished in another county and they won't remove it from the original county. The 3 credit cards and 1 utility bill was just charged off today. I really don't know what I can do now I really don't have the money accept to pay off some small amounts on our credit by small payments. Our car was repossessed in 2002 and they garnished my husband in 2004 until he lost that job. We have judgements for at least 3 places of residents still on our credit too. I live in a hotel with 3 kids and can't get a place to live in. Will bankruptcy be too late or best at this time, to just start all over again? Please help me with any of your advice please.

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Jan 1
Thanks for your advice Bo, I've been thinking about this along time. I will go ahead and follow through while I still have a job. I need a fresh start because I'm tired of trying to figure out a way to pay them and pay for every day living expenses as well. It's too BIG of debts vs. too LITTLE paycheck. Oh yeah, my husband and I have study feet it's the job market ONLY. We will and do work. We've always paid our bills on time until we lost our good jobs in 2001 and 2002. We both are hard workers but just worked dead end jobs to support our family with whatever job came first.
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I would not gain all my advice from a Bk lawyer or trustee.\nGet some advice from a banker or money manager where you set everything out in front of them to make a good decision. You need some objective advice. Not just advice from a person that makes money from someone filing bankruptcy. \n\n Doing this will make you feel better about your decision AND will deflect some of the problematic self guilt asscociated with filing for BK.\n You are not your bank account.
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Jan 1
I would not gain all my advice from a Bk lawyer or trustee.
Get some advice from a banker or money manager where you set everything out in front of them to make a good decision. You need some objective advice. Not just advice from a person that makes money from someone filing bankruptcy.
Doing this will make you feel better about your decision AND will deflect some of the problematic self guilt asscociated with filing for BK.
You are not your bank account.

What about a double credit found that is reported as a charge off

Good Afternoon, What about the double credit file that has been reported as a charge off, item sent to collection and add back to my credit report for different dollar amount?For example :Ford Motor Credit high balance account $30.921 charged off on 11/2002 bal $22,015 as a bad debt purchase by collection agency on 7/2006 @ $13.196 placed back on my credit report by collection agency. what is the best solution HELP HELP trying to repair my credit only have one line open credit and one charge off on my credit score 570....

Bo Majors
to REAL PERSON
show details
Dec 19 (2 days ago)
Well it would have been nice to have opened a couple of credit cards before the collection entry for 2006. I think it is criminal to re list with collections. What a company like ford has done is. Rather than take you to court for the balance and waste time and money on something that may prove fruitless anyway, they sell it to a collection agency for like 30% of balance and sign out. I would attack the ford motor balance and the way that is reported. I would also contact the BBB in your area and see if re dating your balance four years later is legal. You might even contact the Federal Trade Commission.
My guess is you had a car re possesed. Then they sold the car and said you had 22 left over. What did they seel your car for. You should only be liable for the difference between the sale price and the balance left. Not the enitre balance. There might be a loophole there that may or may not be legal. I would contact ford and find out abou that.

I assume the collection agency has contacted you and you do not think is is reasonable to pay.
- Show quoted text -
On 12/19/06, REAL PERSON wrote:
Good Afternoon, What about the double credit file that has been reported as a charge off, item sent to collection and add back to my credit report for different dollar amount?For example :Ford Motor Credit high balance account $30.921 charged off on 11/2002 bal $22,015 as a bad debt purchase by collection agency on 7/2006 @ $13.196 placed back on my credit report by collection agency. what is the best solution HELP HELP trying to repair my credit only have one line open credit and one charge off on my credit score 570....

REAL PERSON
to me
show details
Dec 19 (2 days ago)
Thanks for quick responses and this was repossession .I notice this when I pulled my credit report attempted to dispute item was informed debt from fors

If you have credit cards and have been late on them for 2 or 3 months, how do you go about repairing this damage ona credit report. Will these late payments stay on your report for 2-3 years even if you start making payments on time. How long must you make payments on time to start repairing some of the negative credit history?


Bo Majors
to Real Person
show details
Dec 19 (2 days ago)
After 2 years of perfect payments the damage will be almost completely undone.
- Show quoted text -
On 12/19/06, REAL PERSON wrote:
If you have credit cards and have been late on them for 2 or 3 months, how do you go about repairing this damage ona credit report. Will these late payments stay on your report for 2-3 years even if you start making payments on time. How long must you make payments on time to start repairing some of the negative credit history? --

What if I check my credit score on the internet and I see that my score is 556 on Experian, 545 on Equifax, and 550 on Trans Union. I know each credit score is going to be different from the 3 bereau's. But I had consulted with a credit counselor and they pull my credit score with my permission, and my score they pulled from Equifax was a 490, Experian 496, and Trans Union 493. And all of the credit scores are from the same month. Is the credit score on the internet acurate. Who is right and who is wrong? Thank you for reading my e-mail
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Bo Majors
to REAL PERSON
show details
Dec 19 (3 days ago)
The score will almost always be different between different bureaus. So the 556, 545, 550 look normal as do the credit counselors numbers.
The question would be the difference between the counselor and the internet.
First there is little chance the numbers are different be cuase one was pulled by you and one by the counselor. Report score can change dailt even.
One would have to look closely at the reports themselves. I would guess that some very small change happened. You might have charged past 80% on a credit line. You might be one day late with a creditor. You might have had your credit checked several times and the inquiries did not show up for a few days. One of the account could have gone from late to collections, charge off or another level of late like 90 days rather than 60 or 30.

With a 545 or a 490 a person is is dire straights. The difference in thos scores will not help you miuch. You need to work hard, pay off debts, dispute files and create new good credit.
http://www.oskie.com/raise_credit_score_fast_quickly_free.htm

Hope this helps