debt to high credit ratio, home loan, remove clean delete. quailify approved accepted

1 1/2 years ago we bought my dream house at the time we had a lot of errors on our credit reports, I payed a lot of debt off was very ill, so when I got back to work I took out a loan from a friend and called all the company's and made offers in compromises. no dept left. well I wasn't as smart as I am now should of asked for deletions but didn't, that's OK that was 3 years ago, and everything is payed except a couple I am still working on

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

1 morgage never late for 3 years
1 mrgage ( rental property never late 3 years )
1 major credit card 3000.00 limit owe 1200.00
1 truck haven't been late in 3 years ( 4 more payments to go)
1 new truck ( 6 months never late)
bancrupt. 9 years ago
although I got some things deleted, some credit card judgments, my trans union score is 698, don't know husbands yet, waiting to pull his what kind of loan should I look for or will I even qualify for a loan to refinance? I am worried sick I have 6 months to go, trying so hard to reach 700 on FICO, everyone says no new credit something about dept to ratio, the rental property is rented and I have a lease to show the mortgage company. thanks
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Looks like your open credit is very good and your score reflects that 698
I would dispute some of the older paid items and hope?
A 698 SHOULD get you whatever you want.
2 more points might help you a percentage point or less, but not much difference is there.

So dispute some old stuff
maybe pay the remaining four payments on the truck
Other than that? You look good if the mortgages are reported to bureaus.

The top, get approved banking standard, max debt to income ratio, for approval, is gross reported debt or outgo to 45% of total verifiable income.
If I am over 45% on my debt to income, then I get turned down on most loans, even a car loan and home mortgage.
I I am over 80% debt to high credit ratio my score might be lower but I will still get approved if my debt to income ratio is relly low. Like when one files chapter 7 and has no debt.
Max reported debt to reported high credit limit is 80% or less per account to quickly raise a credit score.
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Credit dispute letter
oops
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Hello, thank you, the truck will be payed off by the time I need the loan, so that will help also, do you think I should get 1 more credit card for a better mix, or just stay on the course I have in the works?
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N new credit card now
cards need 12 months to help you.
you have enough credit: 3 lines reported now.
dispute some old accounts and hope
Universal legal credit dispute form

Date of last acitivity sold and redated more twice in collections

The company (sun dial) that I bought the clock from went out of business and sold all of their accounts to another company. For some reason I was not informed and did not know where to pay my payment. In February of 2000 another company (the associates) contacted me on the phone about the account. I was told that the account was bought by them when the original closed. I paid the account and they sent me a letter of payment in full. Several months later I receive another call from another company(city financial) saying I owe this money. I told them I paid the account. They verified that the account was bought from the associates because the associates, also know as ACB recovery, had gone bankrupt. City financial also told me that it had not been paid. Since then the account has been sold to different companies each time giving a new report date and adding some finance charges.
I have disputed this several times and have gotten nowhere.
*How can I get this off my credit?
*Is there a way to get the history of this one account?
*Hasn't the statute of limitations run out?
*Can they really legally change the reporting date? (the most recent was 3/2007)
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Stop the silliness. Have them legally vaildate the debt.
Send confirmation delivery mail and keep copies of what you sent.

Desperate Student with credit card problems. Charge offs.

On campus, 18yo freshman are bombarded by credit card companies and Before I knew i was in some serious debt and stressed out to the max. I know have ruined my credit and at the age of 25 my independent life is just beginning. I actually had to take some time off school b/c of the high stress levels. I am currently back in school, Graduating next year. I would like to buy a home, car ect. However I don't know where to begin on fixing my credit. This summer I did pay off four accounts that had gone to collections but I still have three accounts that are not paid also in collections. How do I get the accounts I paid, off my report? Also, How should i go about paying off the accounts in collections? Should I pay them off? Its been awhile since they were charged Off? Is this too many questions?
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Pay off a couple cards and reopen the same card with the same account number if possible.
Send them upfront goodwill money to do it.
After 1 year your score will leap.

Transunion score is high. Experian Equifax Low. Some accounts not on all bureaus.

TransUnion has 2 of my positive accounts listed -- a home and a credit card. The others do not have those listed. Instead they have 2 collection accounts (less than $100 total) that are not on the TU report. The info is so different that my TransUnion score is 721, and the other two are only 595!
But in terms of the mortgage not being on there, that's bad, right? I mean, I was just denied a $10,000 loan. I was told that they will not grant a loan unless your score is above a 600. Surely an always on time mortage account would bring my score up to at least that much! So now, I am being denied credit not just because of what's on my report, but what's not my report. What gives?!
So my question is this: Is there any way that I can notify Experian and Equifax of my mortgage and new credit card?
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Each creditor chooses or works with one or more bureaus.
your mortgage company uses only one i guess
and your collection reported to others
I would dispute and negotiate the collections
and get new good credit that reports to all three bureaus.
The total visa reports to all three and will help your score.
takes one year of acticity to be a rated credit line.
you might contact the mortgage comepany and ask them to report to the other bureaus.
IT would bring your score UP
and I would validate all collection debt
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That was fast!
Thanks for your advice!
I've already called my mortgage lender!

Free Credit Report Experian. I have 3 collections I do not know how to contact them

I received my free credit report from experian and have three collection accounts. They don't exceed $500, and I honestly had forgotten about them. I would like to pay them immediately, but don't know where to begin. The companies that are holding the accounts only have initials on the report and I have no way of knowing how to contact them. Can you help?
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Dispute the accounts now.
Say account not yours.
You will get a response with contact information to validate and negotiate before you pay.
or
The account will be removed deleted or cleaned from your report.

Citibank credit card is a charge-off. How do I get it removed?

I have a Citibank credit card account that has been in charge-off status for about a year and a half. In July of this year, I paid $2200 of the $3500 balance. A month ago, using your template letter, I wrote Citibank requesting that "charged off" be removed from my credit report in which case I will pay the remainder of the balance (in 3 payments). I sent the letter via certified mail with return receipt. My question is: does it seem odd that I have not received a response in over a month? Should I give it another month or write another letter?
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write another letter and certify delivery
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I used your advice and sent Citibank another negotiation letter. I received delivery confirmation early this week. On Friday, I got an alert from Equifax stating that my Citibank balance had been adjusted. My balance of $1529 was completely taken off and is now $0, however now it says: "Settlement accepted on this account, Paid charge off" and of course, the account status is still CHARGE OFF. I am a little curious about this because I never agreed to a settlement. I only stated that I would pay the remaining $1529 if they removed the account from my report completely. This did, however, raise my credit score from a 598 to a 628. I am hoping that you might be able to guide me with this.. should I just let it be since it increased my credit score.. or should I take other action? Your advice would be greatly valued.
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you got lucky
leave it alone and keep new good credit going.
great job
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Are the addresses you have online for the three major bureaus correct for mailing in disputes? When I printed my Experian credit report it shows their mailing address as PO Box 9556 Allen, TX 75013.

Also, I have an account by Unique National Collections on my bureau, they represent our local public library. Anyway, I've mailed in several requests to them and to the credit agencies; they won't remove it even though I paid the library the $5 in person and not them as they are reporting. Plus they are reporting the debt as $72 and my fine was only $5. Originally they reported the original high credit as $64 after I disputed it they reported $72.

P.S. I went to the magistrates office I can't even file a complaint against them for knowingly false reporting because they are in Indiana that's not my state of residence. Plus, the library won't give out a phone number for them or tell me if they have a local office.

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It is paid in full. They are reporting it falsely. I wasn't sure if I could use that letter since it was paid already to the original creditor not them. Does this still fall under the debt validation letter? To me it's enough to worry about because it's not true and I don't appreciate people taking liberties with my bureau.
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Debt validation
Negotiation
Credit dispute

Any Real Free Credit Reports?

Are there any real free credit reports?
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Yes there are.
The best way is to sign up for a monitoring service and cancel before a certain time. The report and scores are totally free.
There is a government mandated free credit report that come with no score. The scores are 5 dollars each at each bureau which makes it 15.00.
So I always sign up and cancel or keep it until my credit report is updated. This is still less than the supposedly real free credit reports mandated by law.

How long do creditors have to post collections?

I was recently checking my credit report and noticed a new item in the collections area. How long do creditors have to post negative items such as collections? It is September 2007 and an item from August 2005 is now just being posted on my credit report. Can they wait two years to post it? Is there anything I can do to remove it or help raise my credit score?
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Creditors can report negative credit for 7 years.
Sometimes a debt gets the date of last activity changed or reported twice when it is sold to another creditor. So valdiate debt.
I got one the other day from 2003. I sent them a debt validation letter. If they validate the debt I will pay after making sure it is not on my credit report.

Loan officer told us to close our credit cards for new good credit.

Loan Officers don't seem to know what they are talking about I've learned. I see that you state we should reopen accounts and NOT close accounts in good standing. I have read this statement (not closing accounts) on other pages as well.
While on maternity leave with our 2 nd child my job was closed unexpectedly. That caused some late payments, we went through a "credit counseling" that took plenty money from us but weren't up to par with our creditors.
We talked to a Loan officer who told us to take & close our accounts we did not use & the ones that were in good standing. Even though the balances were at ZERO, she said it was still considered "possible debt". So we did this thinking what she said made sense. Now we hear different. The cards on our reports still state zero balance/account closed by consumer's request. But it has been a couple years and our score that has plummeted could we still request that they be reopened?
B) I have had 2 Loan officers RECENTLY tell us 2 different things.1) we should negotiate paying off our debt but do it in Monthly payments so that reflects monthly on our credit report that they are paying as agreed.
2) The other said to come up with a sum and pay it in full with one payment, creditors will be more likely to cooperate with one check than with payments over time. either way it won't help our score.Who is right?also the 4 accounts we are having these issues with have been transferred to collection companies. The original creditors have $0 balance with the collection Companies holding the balance. However the 4 accounts are reported 8 times. (1 each for the 4 original, then 1 each for the 4 collections) The one original creditor said they can't do anything because it is not in their hands anymore. so should io still try to negotiate with the original creditors or just go straight to the collections?I've heard 2 stories for this also.1) The original creditor will take arrangements & call off the collections company.and2) The Original Creditor may take payment but have no hand with the collection company so we may end up having to pay the collection company also. Since the original was already charged or written off they are getting the benefits twice while the collection company will still want the debt they bought from original creditors.P.S. a word on one of your blogs regarding the double jeapordy. I challenged this with the credit bureaus and they have been changed on our reports to show the same date to be off the record as the ORIGINAL debt. So even if the collection company bought it 2 years after, it was changed to show the original date to be taken off that is posted by original creditor. so it is possible. You just have to try.
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Either way it wont' help your score right NOW is the right answer.
One should have at least three open accounts.
If you have like 8 or 10. Then it is good to get down to 3. So closing does help sometimes.
BUT
Not your only good rated credit. How the heck are you going to be able to raise your score with no good credit open now?

Loan officers by an large are not credit people. They are loan people.

I would work with the collection companies. You already called orginal creditor.

Pay in full if they will remove it from you credit. But pay no matter how you do it.

Monthly payments will not help you if you are have non revolving credit issues. Collection is not revolving credit. So monthly payments is NOT going to help you with those accounts.

Equifax phone number. Is there anyone I can call?

Your phone number for Equifax is not in service.
Equifax is reporting an incorrect address for me and it is affecting my ability to get my bills sent to my home.
In fact they are reporting an address I have never lived at.
Is there anyone I can call to get the wrong info off, or do I get hosed for a credit report I don’t want before I can start the process.
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Free Credit help form letters
Go here and grab the credit dispute form letter. Instructions are on the page.

debt validation, debt, debts, dispute form

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

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

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

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

What do you think about these credit cleaning attorney online companies like creditbureauexperts.com, or .lexingtonlaw.com. Those are just two that came up on my search engine. I stopped paying my credit cards about 5 years ago, I currently have one credit card company pursing my account in court, trying to garnish my wages etc. I have no income, no job, no assets, I am a full-time mom and full-time student, unmarried. what is the best route for me to take as far as cleaning up my credit. I would like to be able to buy a car and maybe a house someday with good credit, or at least get approved to get a cell phone contract or little things like that. I have some funds to "negotiate" with the creditors to pay off my debt, and or pay a credit clean up company.what do you think?
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no income and no job means forget about credit. You couldnt pay if you wanted to.

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

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

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

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

Credit cards closed or discharged now in collections

I have to credit cards on my credit bureaus that have been closed/discharged....Recently I have been received phone calls from the companies looking for a settlement offer....as far as I knew once they have been closed/discharged I don't have to make any kind of repayment...please advise
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That is a common assumption with no clear answer other than many debts get sold and re reported on credit reports.
Try to stop it here.
Or negotiate and pay a settlment.
Or face the posibility of continued bad credit from this account.

Credit card and collections and bad debts. Help my credit score.

I had a credit score of 595 a couple of months ago, but a credit card company that was reported as a charge-off back in January 2006 just started reporting negatives on my report from then until now (15 months worth) which brought my score way down. I tried to contact them by letter and no response. They turned my account over to a collection agency and still no response from them. This dropped my score to 522. They are saying I owe way more than I do but I can’t get them to validate the debt. Any suggestions on how to get them off my report and/or stop reporting? I have another credit card that is listed as a charge-off, also transferred to a collection agency (the collection agency has not reported yet). I need to get them off there as well. These are the only 2 things that are on there as current negatives.
I also have a few other minor collection accounts that were paid but still on there. I have disputed those as well, but still no luck in getting them taken off.
Also, there is another account in collections but not on my report. I was making payments to the original creditor, but they decided to turn me over to collections anyway. It was turned over in 2005/2006, then recently turned over to another collection agency. The debt is about $1400.
I have 2 car loans (both current), 1 current credit card w/ $200 limit (just received, dropped score), student loans (totaling about $30,000 but still deferred), 1 loan for a timeshare (loan was made through a collection agency and we were not made aware of that when we bought it). Altogether my current debt is around $60,000 and my credit score has dropped to 499. I need to get this up over 600 ASAP so we can buy a house. Please help!
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If they cannot validate the debt with a debt validation letter sent certified delivery, then dispute the file and send in copies of what you sent them to validate.

Write 50 word or less explantion with your disute

You should pay the second card and get it re opened
One year from now they will take the charge off, off

All paid collections never come off it seems.

Try to keep the new collections bay by making payments and asking them not to report.

The 200 dollar limit cannot go over 160 borrowed and you need 1 year on the books. should help in the long run. 1 year

Pay anything to below 80% that you can.
Pay off anything you can

The deferred student loans almost assuridly show 100% owed.

Get that down to 80% and that will help

New Fico credit score rules.

Since the model is a complete secret, here at Credit Line we do not know what is going to happen to your credit score and how it is going to be affected. However, we do have some information from the Fair Isaac Corporation:
1) Authorized Users are no longer going to be counted in your FICO Score.
2) Length of credit history is not going to play as large a role as it does now.
3) Payment history is going to be weighted more than it is now.
4) Right now, FICO divides the population into 10 segments and applies a different formula to each segment. People without serious credit issues fall into 8 segments, and those with serious issues fall into the remaining 2 segments. In September, this is going to change to 12 segments, with 8 segments for good credit history, and 4 for bad credit history.
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They are saying you cannot piggy back to better credit now
Seldom used credit help technique where one person is assigned an "authorized user" on anothers credit card. They new person gets instant good credit of the pig's past good credit.

And really they should do this. One should not get good credit for doing nothing.

Affects very few people. Mostly children and such. But has been abused.

Do you have any authorized users on any of your credit cards?
If there were, then this would affect them.

How can collection agencies on a yearly basis change the date of last activity.

How is it that the collection agencies can, on a yearly basis, change the date of last activity? Is this illegal? The debt is well over 15 years old and yet is it being reported as active.

How can I get them to stop and remove this from my credit report?
If you have any questions, please feel free to contact me directly.
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They sell them to each other.

Be sure to try this Debt Validation letter.

Pay them and be done if you can.

Inquiries. remove Inquiries. Experian will not remove inquiries

I am writing because I hope that you can help me get some illegitimate inquiries off of my credit report. My wife applied for some loans in her name and the mortgage company pulled a tri-merged joint report. I did not know about the inquiries until later they showed up on my credit report. I wrote letters of dispute and telephoned Experian who told me that the only way to get them off my report was if the mortgage company was to request the inquiries to be removed. Experian said that inquiries are not treated like ordinary items and they cannot be removed without the express permission of the company that recieved the information. The mortgage company said that they will not remove the inquiries. These inquiries have all happened within the last 12 months and they are hurting my FICO. What advice would you give?
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That is just one hit per bureau.
Unless your wife went to several martgage companies

Any time one signs, to get approved, that is legal authorization to get you approved no matter what.

Even so, if you have less than 15 inquiries or so, your score is not really affected.

Judgment, Judgments

I have a judgment against me involving an auto accident several years ago. Actually, it was my son who was in the accident, and the woman he hit sued. The case was settled through the insurance companies. I paid nothing out of pocket with regard to this lawsuit. So imagine my surprise when this judgment turned up on my credit report. I am having difficulty with credit following my divorce several years ago, and I'm trying hard to fix things, but this judgment is causing a problem and I don't know why it's there or how to get it removed. Can you help? This judgment also shows on my son's credit report. He's 24 and just starting out, and this is a big problem for him as well.
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If you were in court or did not show up to court and could not be found to present your side of the case, then I understand. If I can't help but let it get that far and it goes to court. Credit will be affected.
If you think it should not be there, then dispute it and see what happens.
Then make contact with the findings and see if something is wrong.
www.oskie.com/credit-dispute.htm

Medical collection date of last activity. Pay off

I have worked very hard for the past 6 months getting my credit report fixed. All I have left is a $373 medical bill (that I think should have been paid by insurance company). None the less, I have called and ask them to remove if i pay in full. "NOPE". Well, this bill is 5 years old. And if I pay it off my score will drop due to activity. And right now for me every point counts. I am wanting to get a new car. If they drop me 10 points, that stops me in my tracks. What should I do?
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I like to pay off everything no matter what. Having it paid helps too. So many times a re date will offset by having a zeroed balance.
The 10 points will be back in a matter of 6-12 months if you have good open credit now.
Some lenders turn people down for just one outstanding collection.

new account of same debt. Two bad debts for one now. Is that legal?

I have a charge off from back in 2002 when i lost my job, that the company was sold and reopened my account as a new fresh debt. Is that legal? I've heard of new companies who buy out old companies being able to attempt to recollect, but I never heard of them applying the same debt as a different creditor.
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Send them a debt validation letter and find out for yourself.

Trying to build my credit. I need a new credit card.

I'm an immigrant from germany and just received my ss number and try to get a credit card to build my credit. I already have a car loan which i got because of connections in the bank. Officially i'm working for my current employer for 2 month (not officially 2 Years (cash)). I dont like the cards where i have to pay a fee. is there anybody that can aprove me for a card? Can you help me with that? My houshold income is around $38000.- a year...
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Make sure the car loan is REPORTED TO A BUREAU
or it won't help your credit

This is the best place to get started on cards. They all report and will help you get started.

I like gas cards. Bp Oil and Such
Stop in a exxon or BP oil and grab a card aggreement
fill it out and send it in.

If you get turned down
Do it again but send in a casshiers check with your application for 300 dollars
They will do it.

Charge off utility and collection. Remove

I subletted a coop about seven years ago. The reason I relinquished it was the landlord wanted to sell it, so I moved out, and (mistake) left the power on for her until she transferred it to her name. Bottom line: she waited a month, ran up another $51 in electricity charges, and I never got the $51 bill. Years later I was contacted by a collection agency. I paid it with the explanation above, and have run into brick walls trying to get this "derogatory mark" removed. Any suggestions I'd welcome. Thank you.
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Nope
Same thing happend to me with Nashville Power in 1992 and that is what started this whole credit help webpage thing.
One can sometimes get credit cards, hopsital bills, collections to negotiate.
Utilities almost NEV ER.
Get new credit and go on

Dispute form. Contact creditors. Raise credit fast

There are things on my husband Equifax report that don't have a creditor...do you know what I should do?
Thanks, We are trying to raise credit fast, and paid off everything this week. They were mostly medical debt. Does this actually lower our credit?
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Dispute any possible errors on your report as not your with this form.
It is good to try to negotiate before you pay to get things roved completly, but anytime you pay stuff off it looks good and eventually helps your score

Chapter 7 Bankruptcy

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

Collections and Judgments

I had an account show taken to collections and later taken to court. The one taken to court now shows up as a paid civil judgment and the other as collections. Is there anything I can do about this double hit even though it's the same account?
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They are both levels of deliquency on one account.
You were charged off then collected on.
Might help to get one off but not as much as new good credit would help.
I would dispute the item as not mine or duplicate.
Universal Dispute Form

Charge offs.

My girlfriend and I are looking to buy a house in the next couple years and we need to clean up her credit if we are to finance a house. She has accounts that are "charge-off"-ing on her delinquent accounts month after month. Is this a legal way to represent a charge off? The charge-offs have been on here credit report for 48 months, each month with a charge off indication.
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If they submit it to the bureaus and the bureaus accept the entry which it seems they have. Yes they can.
I would verify the debt or dispute the accounts if you think they are not right.
Remove completely
Universal Dispute Form

Inquiry on my credit report. How much does it hurt my score.

I opened a new bank account and the bank mistakenly sent me a new credt card even though I emphasized that I did not want one. Since I had not submitted enough financial information, the application for the card I didn't want was not approved for use and now shows up as an inquirey. I did not attemt to activate or use the card. How much does this inquiry affect my score? How can I get it erased from my record? Experian does not seem to offer a mailing address for disputes and seems to require one of their reports vs. a 3 in 1 from another agency (Equifax).
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Inquries do not really hurt score unless you pile on about 20 or something.
Most inquires cannot be removed and they are not worth troubling yourself over.
You can try to dispute them with this form. Credit Dispute Form
1-5 inquiries have no efffect. 5-20 probably about 5-20 points max.

If I pay off my credit cards how much will my score go up.

I have two credit cards that need to be paid off. The amount is about 700 dollars. How long will it take for my credit score to go up after I pay those off?
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30 days or less if they are maxed and at least 1 year old
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Do you know how many points it will increase? If its about 2 cc with about 400 each.
Thanks. Those are the only bad cc I have on my credit and they messed up my credit. I had some other ones on my credit report about 3 years ago, but I paid them off.
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I don't know your score now.
Do you?
Do you have 3 open lines of credit now, that are at least 1-2 years old and with no late payments in the 1-2 year period?
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My score now for TransUnion is 579, experian 548 and equifax is 579. I still have 2 credit cards that I need to pay on which I am going to do this month. I have a car loan that I pay on I had one late payment. I have a store card that I always pay on time, and a student loan that I will start paying soon. The 2 credit Cards I think are killing me. One is capital one and one is a store charge card. I called to pay them off, and they told me they were going bankrupt so now they are trying to collect.
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Pay any collection or charge off after negotiation. Reopen same accounts if possible buy sending in up front payment so they trust you. Make sure the report to bureaus.You need three open reported lines of credit
Make sure balances are less than 80% of limit.
Close capital one and get another card here.
Credit Cards for new good credit
Make on time payments for 1 to 2 years and your score will go to 700
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Thank you so much! I have one more question for now. If I try to open one of these credit cards at credit.com will it take away from my credit that I do have?
-------------------------
No it will not.

Charge offs Collections sold and another account is on my report for the same thing.

I have several charge offs on my credit report that are over 4 years old. the original credit card company has since sold the debt to a collection agency, which showed up on my credit report, and in turn that collection company sold it to another, which again showed up on my credit report. so no my original debt of $1,000 now shows up three times with the most recent date being a few months ago. i've been told that as long as the debt continues to get sold, the "date" stays current, meaning that the 7 years for it to fall off keeps getting restarted. is this true? i thought that the date from the original date of default (which again, was 4 or 5 years ago) was the date that determined when it would fall off my credit report? help! otherwise, i'm doomed to continue having bad credit until i pay it, or file bankruptcy. by the way...i've had NO late payments, charge offs, etc. on my credit report in the last two years...it's been completely clean, and still sits at a 497.
------------------
you dont have any new current credit either
You need 2 years of it or at least 1
get new credit with the cards on my website for bad credit that reports to bureaus.
Pay the debt if you can.
Send this free-letter to the current collection agency.

after 2 years can a collection account be updated to new date of last activity and start the seven years over again?

I haveheard (and this could be incorrect) that dealing with old collection accounts can actually cause them to become current and hurt your present credit score. Is this correct? I have an account that is over 2 years old but still has a balance due. I realize the collection is not really effecting my score, but I know it will look better if I have it removed. If I contact this company can they restart the clock?

--------------------
They can and often do IF you do a payments plan.
Pay the whole thing off, and ask for no dates to be changed.
All you want is the account to show paid of in full.
So I would talk to them before I paid.

after 2 years can a collection account be updated to new date of last activity and start the seven years over again?

I do however have a question I could not find on the website. I have heard (and this could be incorrect) that dealing with old collection accounts can actually cause them to become current and hurt your present credit score. Is this correct? I have an account that is over 2 years old but still has a balance due. I realize the collection is not really affecting my score, but I know it will look better if I have it removed. If I contact this company can they restart the clock?

-----------------

cThey can and often do IF you do a payments plan.
Pay the whole thing off, and ask for no dates to be changed.
All you want is the account to show paid of in full.
So I would talk to them before I paid.

Credit card closed by creditor. Should I pay them off

I have a credit card that has been closed by the creditor but I still owe about $4,000 on it. If I pay it down, will this help my credit? What is the best way to proceed with this?
---------------------
It always helps to pay something down or off.

If you can, pay them off.
I would try to re open the card and after one year asked for the creditor to only report the last 12 months activity or too have the old lates removed.

Collection, Medial bill, Doctor bill

I moved a little over a year ago, and when I did I switched doctors. I recently checked my credit report as I am about to make a large purchase, and have a collection for $81 from my old doctor. I was never notified by phone or by mail that any amount was due, nor do I have any knowledge as to what the charges are for.

Can a doctor place a charge on my credit report without notifying me? I am trying to make a purchase ($100,000 for truck and RV) in the next 30 days and this could cost me several thousands of dollars in higher interest rates.
------------------------------------
They sure can and they did.
Happens thousands of times a day.
People move.
Doctor get wrong address.
Insurance never pics something up.
The only way they know to get the money is to put it on the credit report.
Negotiate and pay. Ask for removal and be willing to pay a fee of like 20.00 for the effort.
It is not worth hassleing over he said she said thee is 100.000 on the line.
Tell them that is they will send you a letter on company letterhead with a signature you will use it to update the credit report yourself by disputing it with this form
And the letter they send you.
Read this page.

Collection agancy pulled my credit without my consent

I got a phone call yesterday from a guy from a collections that is on my husband credit report,my first thought was how did he get my number when the phone number is UN- listed
i checked my husband credit report and this collections agency pulled his credit which will be there for 2 years cause it was a hard inquiry can they pull your credit this way with out your permission it was for a reposed Mobile home back in 2004
-------------------------
No
They can't
I need to find the legal doc for that
but that is against ftc law and they should remove it and any further debt.

On a scale of 1 to 10 what is the likelyness of a collection agency removing a charged-off account once paid in full. Who should I contact the original company, because they always refer you to the collection agency immediately. Shoulf I even becalling theses people because they are extremelyhostile at times.
----------------------
Once paid?
Nothing
Before paid 50 / 50

Inquiry

I was watching the news the other evening and saw that you could get a free credit report. So I called my local credit bureau and was told that if I got it from them that it would cost $15. But that I could get it online for free, so I did so. My printer is not working so I could not make a copy but I did notice an inquiry from an automobile dealership that I have never been in. That really bothered me. How could they pull my credit?? So then I went to the local credit bureau to get a copy and that inquiry did not show up. How could that be? The inquiry was dated 7/17/07.
Could you please help me with this? Just let me know what information you need.
PS
My credit rading is very good (over 800) and I would hate to have an idendity theft ruin what I have worked so hard to obtain.
-----------------
Different bureaus were pulled up
The inquiry in on one burea and not another
There are 3 credit bureaus
that any potential creditors might use and some use all 3
800?
Forget about an inquiry.
800? Gosh. You see those once in a blue moon at a car dealership.
YOU ARE NEON CREDIT PERSON. take a chill pill
If you think someone has your credit do this

Maxed out credit cards. How much will my score raise if I Pay them?

I have two credit cards that need to be paid off. The amount is about 700 dollars. How long will it take for my credit score to go up after I pay those off?
------------------
30 days or less if they are maxed and at least 1 year old
------------------
Do you know how many points it will increase? If its about 2 cc with about 400 each.
Thanks. Those are the only bad cc I have on my credit and they messed up my credit. I had some other ones on my credit report about 3 years ago, but I paid them off.
--------------------
i don't know your score now.
do you?
Do you have 3 open lines of credit now, that are at least 1-2 years old and with no late payments in the 1-2 year period?
--------------------
My score now for TransUnion is 579, experian 548 and equifax is 579. I still have 2 credit cards that I need to pay on which I am going to do this month. I have a car loan that I pay on I had one late payment. I have a store card that I always pay on time, and a student loan that I will start paying soon. The 2 credit Cards I think are killing me. One is capital one and one is a store charge card. I called to pay them off, and they told me they were going bankrupt so now they are trying to collect.
---------------------
Pay any collection or charge off after negotiation. Reopen same accounts if possible buy sending in up front payment so they trust you. Make sure the report to bureaus.You need three open reported lines of credit
Make sure balances are less than 80% of limit.
Close capital one and get another card here
Make on time payments for 1 to 2 years and your score will go to 700

bankruptcy, inquiries, fico, credit card

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

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

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

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

Inquiries, get hits on credit report removed deleted off

I have approx 10 hits on my report from gettting information on refinancing my home. I was just shopping for the rate and terms I wanted and no one would give that to me unless credit was checked.
One of them told me that those hits had to come off by owners request after 30 days if I did not use them to refinance.
Is this true, or some version of it? How do I get them off?
----------------------
If it is I appreciate knowing it, but it does not sound right.
On the other hand you might be able to dispute duplicates.
I am not sure how to find out even other than try.
So why don;t you try and let me know back
use
http://www.oskie.com/credit-dispute.htm
and tell your story about the mortgage guys statment
Might just add a 50 word or less letter along with the dispute form
state which ones you want off.

Charge offs, medical bills, collections, credit report

I have 2 charge off’s from Capital one and some medical bills in collection. The total is about 6,000 as listed on the credit report, and I would imagine it is several thousand higher with the interest that accrued since. My wife and I would like to settle and remove the items, we are just a little unsure about how to proceed. I have read much of your postings, and the steps seem quite logical as such. We have spoken to a local credit counseling agency, and they took the stand that none of these steps were feasible, and they only option we really had was to pay the debts in full; including all of the ridiculous interest that has accrued. My credit score is around 570 right now, and I would like to get it up into the 700’s in the next year or so, as we would like to get into a bigger house. Thanks for any help you can offer
-------------------------
I am not sure which steps are not feasible. But I promise they all work in some cases.
I would negotiate.

If all else fails do pay them if possible.
It is best to get some relief if you pay in full with fees such as TOTAL REMOVAL.
Most people get a 35 cents on the dollar for settlements.

I would talk to the creditors. Creditors can help the counselors can not.

Hello Bo, my name is real person, and I have 2 charge off’s from Capital one and some medical bills in collection. The total is about 6,000 as listed on the credit report, and I would imagine it is several thousand higher with the interest that accrued since. My wife and I would like to settle and remove the items, we are just a little unsure about how to proceed. I have read much of your postings, and the steps seem quite logical as such. We have spoken to a local credit counseling agency, and they took the stand that none of these steps were feasible, and they only option we really had was to pay the debts in full; including all of the ridiculous interest that has accrued. My credit score is around 570 right now, and I would like to get it up into the 700’s in the next year or so, as we would like to get into a bigger house. Thanks for any help you can offer

-------------------------

I am not sure which steps are not feasible. But I promise they all work in some cases.
I would negotiate.

If all else fails do pay them if possible.
It is best to get some relief if you pay in full with fees such as TOTAL REMOVAL.
Most people get a 35 cents on the dollar for settlements.

I would talk to the creditors. Creditors can help the counselors can not.

Score not high enough for a car lease approval.

The small print for a car lease requires a Beacon score of 740. Even with excellent credit almost no one meets this. Do you think that this is bait and switch?
--------------------
I sold cars for years.
Leases are like a 2 yr rental
The compnay always owns the car.
It requires more trust and therefor higher scores.
Of course it is a bait and switch. Almost all SALES are.

But alas all is good.
YOU DO NOT WANT TO LEASE A CAR

Here is some not asked for money advice to carry for life
buy a used car and keep it for 10 years
remember that
buy a used car and keep it for 10 years

This one approach will save a houshold more money than almost any one but of money advice that can be given
I use it.

You know what my boss used to tell me. Owner of a dealership for 20 years.
Buying new cars is for dummies. Smart people buy used cars.

Get bad credit removed and good credit added to my credit report

Is there anything that I can due to remove Paid in settlement/Accont charged off. I have three Negative items on my credit report. They were all opened in 1999 and paid off some years later, is there anything that I can do write letters etc.
----------------------
Probably not
you can dispute them as not yours or not reported correctly and hope.
Best to get new good credit and go on
-------------------------
I have established new good credit, but the bad old paided and charged off credit is probably what's causing my credit score to be around 615. All of my new accounts are in good standards, paid and never late. and I beleive in the state of Maryland, it takes 7 years from the time of the last activity for them to be removed.

What if I send in statements of why this had to happen, will that help my score?
--------------------------------
Lower credit limit ratios to less than 80%
are the acounts one year old yet?
2 years is where the big credit score damage is done.
------------------------
All old paid off accounts were opened in 1999, there are three of them, they have been paid off anywhere from 2 to 4 years

All new accounts are in very good standards. I only have one that is not a year old all other accounts are a year old.
-----------------------
The 99 accounts are not hurting you much
keep trucking.
---------------
Thanks, I guess what I need to know is what do I need to do to get my credit score up. Pay down my credit cards, which are between 80% to 100%, and that is only two accounts, but I do have a loan with my credit Union, which is around 5,000, other than that there is nothing else.
--------------------
pay them down yes
below 80%

Home repossessed about 10 years ago. need new good credit card.

I had a home repossessed about 10 years ago. I have about 6 years of solid employment and can't even get a credit card. I am very responsible now (wasn't then) and would like a second chance. What can I do?
------------------
Go Here and get started on new good credit.
If all else fails do this this.

Get all 3 credit scores at one place for less

I’m having a really difficult time getting my credit score from Equifax. I was able to get my score from TransUnion with no problem ($7.95) but I can’t seem to figure out Equifax without joining some program for $89.98.
-------------------
Get this Credit Offer
-------------------
You have already done more than most people
pay revovling credit down to less than 80%
keep 3 lines of good credit open for at least 1 and 2 is bestnegotiate anything you can.
Get bad credit removed
Dispute anything that doesn't look right. too old, extra extra
Universal Credit Dispute Form
My first credit help thing i did was pay off then reopen a BP Oil credit card. I sent them a downpayment to reopen the paid charge off acount. After one year I asked them to take off the bad charged off mark. They did.

Collections and debt validation, paid in full, pay in full

# 1) I have two accounts on my report, that have been forwarded to a Collector. I have had better response from the Creditor than theCollectors. I have not rec'vd any validations from the collectors tothis date. I want to contract the credit bureau, informing them that Ihave sent these collectors Debt validation letters with no response, butI don't want to open a can of worms. To this point, I have decided todeal with the creditor who is not on my report. Do I just send a letterto the Creditor for negotiation and deal with them?
#2) I disputed an account with a Creditor, who sent me a letter statingthey would be contacting the Credit Reporting Agencies to have the itemDeleted from my report. Two of the three have deleted the item from myreport and the other one is still holding off.
#3) I have been in dispute with a Collector on an account that was paid in full prior to them purchasing the account. I have sent them all theback up pertaining to the account with no response. I have since sentthe documents to the Credit Agencies, who, two out of three have removethe account, but again, one is not budging.
#4) Can a collector who have been DELETED from your report, go backafter the SOL have run out, no debt validation given be added back toyour report?
-------------------
anything can happen in credit reporting
sounds like your are doing all you can
i would negotiate with the first creditor of they are willing. They can ask for removal of a collection they assigned. Sometimes they don't. But if you can pay it do and go on.

Judgments

Good Morning and thank you for your website its awesome. I do have a question regarding judgements. How can I try to argue an old judgement? Is there any way short of paying it to remove from public record part of my credit. Thank you in advance for your time and reply.
-----------------
Once a Judgement always a judgement
You have to pay by law but your report will not show wether you paid or not. That is the courts job.
If the judgement is too old you can dispute it to get it off.
Credit Dispute Form

Judgment account not mine.

My credit records show that I OSI Funding LLC VS Gonzalez, Edward J. Legacy Judgment total amount $2,746.04 by this is showing in my records and it is causing me problem in buy a home. MY name is Edilberto Gonzalez so I don't know how that was put on my credit since the name is completely different from mine.

What do I do to speak to some one over the phone if the machine keep answering when I talk not much options.
------------------
Free credit dispute form
Go here and do it

Chapter 7 bankrupcty. Dishcharge bills on report

Hello Mr. Majors!
In 2001 my husband and I have jointly filed for chapter 7 bankruptcy. I recently got a copy of my credit report and I saw that one of the accounts that was supposed to be discharged is listed as open/in collection, the balance and the fact that it was last reported in May of 2007!
What to do???
I have a copy of the file and the discharge letter. Can I get a copy from the court with a list of all the accounts that were discharged?
------------------
I would dispute it as paid included in bk
see what happens and go from there
Free universal Credit Dispute From

Should i pay my debt?

Most of my debt is from cell phone bills. My score is 520. I would like to know if I pay off these cell phone bills (about $900 worth) and ignore everything else on there, will on-time payments to a secured credit card for a year raise my score enough to get a personal loan?
---------------------
Cell phone bills are utilities that only report negative payments.

Personal loans are hardest to qualify for.
If they are small its not that hard.

Make sure the secured card reports to bureaus. Most do not.
The one on my site do.

I would say if you pay all your collections and get new good credit
YEA
you should qualify.
------------------
I'm a little confused as to whether it's worth paying off old debt if i could just get three secured credit cards that report directly to credit card bureaus and pay on time for a year to raise my score.
-----------------------
Some lenders want debts paid if they care collections or hospital bills or phone bills. Some over look this stuff if it gets old. More overlook it if its gets old and the person has new good credit. So its your call.
bureaus are credit reporting bureaus
transunion
experian
equifax

late payments

Hi Bo,
Okay I'm currently on the road back to respectable credit but this past week has been very hard with family issues and as a result I forgot to make my credit card payment!!!!! I feel like throwing up right now. I heard that companies can only report late payment if they are 30 days late or more? Is this at all true? I been working so hard at getting things in order and now it looks as if it's all for not.
---------------
Just as long as it gets posted on the creditors books the day before 30 day pass you are SAFE. NOT SAFE, NO SAFE

You are safe. That was an american idol joke
you cannot be marked 30 days past due if you are not 30 days past due.BUT
if for some reason you needed credit today it would show on your report that a payment is due now and that affects your score on that day. But once your payment post and it is not more than 30 days late your credit report score will then be at the best point it could be and was before.
-----------------------
Wow thank you so much for the quick response and the "good" news. I'm signing up my account for automatic debit from my checking account. I know I've should've done this already but that's a moot point now. Anyhow thanks again and now I can eat breakfast and actually keep it down.

Hi Bo,
My husband has about $10,000 in credit card debt due to slow start up in a new business and I have $7000 in debt. (5,000 I have not heard from or paid on in over 2 years since my husband wasnt making enough to pay my debt and his)
I am looking for a consolidation load so we want to buy a house but can't due to
his debt, we didn't even put me on since we didn't want to hear from creditors.

I can't find any info about the credit scoring chart. If I go to a credit help agency,
they said it puts a 7 on my score which means I paid it all off but through credit management?
But if I pay it off short it gets a 9?
Is that right?
Obviously a 7 should be better than a 9, but due to the large amount, is there
a better way to go?
How bad is a short payment on your credit score?
Thanks so much for your help!
------------------------
I would try to settle if i could.
If the balance shows zero then that is better no matter what.
Negotiate anything you can.
The largest problem here is stable work history.

Look for a lease to own seller finance on a home.
You will need a down payment.

Dispute Form, negotiate

I had a account with CA that I paid off in 06/2007. It was agreed by the CA that the account will be deleted from CR. I also recd. a signed, dated letter from CA stating "As of June xx, 2007, this account was requested to be removed from your credit report."Checked my CR today(07/17) and the acct is still there. What should be my next step? Should I dispute the account with CRA?
-----------------
http://www.oskie.com/credit-dispute.htm
yes. Send in copies of your documents

Merged, Fraud, Duplicate re dated accounts.

Question regarding merged, fraud, duplicate, re dated accounts. Are furnishers of information allowed to list a duplicate account? I have one account that was purchased by another company and both companies have listed it on my bureaus. The buyer of the account dated the account when they purchased it and then gave it a new account number. What should I dispute this under? Do you know where in the FCRA this is listed as unlawful? According to one collection agent she stated that they can do this because there are no laws preventing it. Is that true?
-----------------
thats is true
but make sure they follow to the letter here
http://www.oskie.com/how-i-get-paid-collection-collections-account-removed-credit-report-completely.htm
------------------
Okay, that letter scares me it’s so good I would never have thought to ask those questions. It may not get it removed but it will give them a hard time I’m sure. I will use it immediately.

Thank you for all your help.

Merged, Fraud, Duplicate re dated accounts.

Question regarding merged, fraud, duplicate, re dated accounts. Are furnishers of information allowed to list a duplicate account? I have one account that was purchased by another company and both companies have listed it on my bureaus. The buyer of the account dated the account when they purchased it and then gave it a new account number. What should I dispute this under? Do you know where in the FCRA this is listed as unlawful? According to one collection agent she stated that they can do this because there are no laws preventing it. Is that true?
-----------------

thats is true
but make sure they follow to the letter here
http://www.oskie.com/how-i-get-paid-collection-collections-account-removed-credit-report-completely.htm

------------------

Okay, that letter scares me it’s so good I would never have thought to ask those questions. It may not get it removed but it will give them a hard time I’m sure. I will use it immediately.

Thank you for all your help.

Credit Cards, Closed by grantor, Remove

I have question about my two Charge Accounts by Macys/Fdsb . My recent card report says that i have past due of 437+33 on two cards which were opened in dec 2002 and closed in dec 2004.
It also shows that credit has been closed by grantor in dec 2004.
Mine score is 675. I am paying bills on time from aug 2006. have 2 current cards.
What should i do to remove above two negative reports.
--------------------
Re-Open those cards and get them to get it straight after one year. Or try to get it straight by talking to the card creditors.
For sure they need to show paid.

With a 675 though it is not hurting your score much. They are already past 2 years old and you may not see any score change by paying.

I would pay though if I think I might owe it. Negotiate before you pay to have it removed.
http://www.oskie.com/credit-repair-negotiate-with-creditors-remove-delete-bad-credit-collections-charge-offs.htm

Judgments, negotiate, romove from credit report, duplicates

I have not had any credit, positive or negative, since 2005. I have opened a secured credit card account with my credit union and feel confident I am on the right track to get more positive points on my credit report. Will a good history with this secured account increase my credit score? My score is now 640.
Also, I am “cleaning up” my credit report and am having to deal with charge-offs and a credit card judgment . Experian told me I had to either wait till those drop off, some as long as FIVE years or begin making payments. The payments I could afford on those debts would make it so I would be paying them off in NINE years.
I have heard that these debts can be negotiated down to erase the finance charges and late fees. Is this true? If so, does this apply to my account that actually is filed as a judgment with our county, where the county will negotiate?
Also, can debt that has NOT become a judgment be negotiated down? If so, how does one do this if it is a “collections” situation that is no longer with the original creditor?
ALSO, if the debt is negotiated down, are payments considered or is the only option a CASH PAID IN FULL.?
---------------------------
After 1 year, if they report to a bureau, your score will go up with no other negative information added in the meantime. probably 10-20 points. Keep the balance to less than 80%

Judgements you can forget about. But be sure to remember how bad that was and go on and get more new good credit. If the judgment is also listing on your report by the original creditor, then I would have that marked as paid and included in judement.

Use my dispute form
http://www.oskie.com/credit-dispute.htm

Negotiate debts and start for 35 cents on a dollar.

If they agree to that I am sure it is in full and I would find a way to do that.
-------------------------
The judgment is for only one credit problem, NOT where it is being reported twice. Can this judgment be satisfied in any other way that the FULL amount being on payment forever? Is there negotiation room with the county? Will making payments “shine” my score any?

My problem with the double negative report is that one company has reported a Transferred, closed/Account charged off, then the $$ written off. Then a NEW company is reporting Collection Amount of the same EXACT $$, to the dollar, thus extending the time on this debt till 2012! When I asked Experian about this, they said to just begin making payments or else this company can sell the debt to someone else, (the same $$ amount) and that will be a THIRD bruise on the report.

Would your dispute form be something I would use in this case to dispute a debt to a collections that is the SAME as the original to the REAL creditor?

Or am I sunk with TWO of the same black marks on the credit report?

It is awful that the EXACT amount, to the dollar, is being reported TWICE. Double jeopardy on my credit report.
-------------
Judgement is law. and that is that. sorry
http://www.oskie.com/how-i-get-paid-collection-collections-account-removed-credit-report-completely.htm
all i know is use this on the double stuff or pay.
-----------------

After 7 years will acounts that have not been paid fall off my credit report?

If I let my debts that show on my credit report go for the 7 year mark and they are still unpaid, will show negatively on my report being that they were never paid? Also, if I have a creditor calling me willing to settle on a one time payment and say I do settle, will this show negatively on my credit history? Thank you so much for your help!
---------------------
ALL records other than court findings, should fall off after seven years
Often times collections, credit cards, hospital bills, are sold again and again causing more than 7 years worth of pain so try to settle or pay if you can.
Settlements will show bad but is better than charge off or uncollectable.

Get and keep new good credit if you have enough income and responsibilty to pay.
-------------------------
Its Me again....sorry to bother you again, I just had one more question. Why is it that when you mess up on a bill it goes to your credit history. However, when you pay your bills on time it does not show on your credit report. I dont understand why the bad can play such an overloading role over the good! If you can, would you please explain this to me! If my husband and I wanted to get a credit card....the issuer would have no idea that we pay all of our bills on time every month....but they would know the mistakes that we made when we were 18!!! I just doesn't make sense!
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Utilities, phone, gas, water, heat, rent, insurance and the like are not loans, but bills, where one pays as they go. These are not reported unless one messes them up and they are assigned a charge off or an uncollectible.
Just normal rules of the jungle.
Get and keep new open reported credit.

What is the time for a lien to come off credit report.

What is the time for a lien to automatically fall off a property in virginia.
thank you and have a great day
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10 years after you pay it.
But I would dispute it with a copy of my files for certainty
http://www.oskie.com/credit-dispute.htm

Trying to get 2 collections off my credit report. Old utilities.

I am trying to get 2 collection accounts off of my husbands credit report. They are both from old utility companies. These debts are 2 1/2 years old and under $300 total, but we are trying to get a mortgage and were told getting those removed would help. His score is around a 560 currently. We have wrote the letters offering to pay in full in exchange for deletion. We received letters back stating that they can not do that because it is against their policies. Where do we go from here? We have also tried the original creditor for 1 account (NYSEG)
We had success with 1 other collection agency using the same letters.
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I have found utilities to be alomost impossible to get things off
Sounds like you hit the end of the raid there
Get new good credit for 1-2 years and your score will improve.

Credit report says I am deceased.

Recently I went to get a loan for a new car, and apparently they are unable to access my credit score, as my report states me as being DECEASED!! I have NO idea where to even begin to fix this!! So with this report saying that I am dead, I cannot even begin to think about getting a loan for anything at all until I get this matter settled. If you have any advice at all, it would be much appreciated. Thank you!
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Fill out my dispute form and say you are not dead
Might get your report free real quick to see for yourself
I assume you have no credit. I would start here.

Collection on unpaid utitlity bill now paid and my score dropped.

I viewed my credit report after a 2 year gap and was shocked to find a collection against an unpaid utility bill. Without the knowledge of negotiations I chased the collection company down and paid of the debt, only to find that my credit score dropped from 705 to 660, by all 3 agencies.
Is there any way I can get this negative info removed from my account after the fact that I paid the bill ?
The collection agency NCO financial wont answer my calls to discuss.
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660 is still a good score and it will increase quickly with new open and current lines of credit. Sometimes a credit score will take a short term hit if a collection gets a new "last activity date" put on the account when a person pays.
It still looks better than having a outstanding non paid collection.
If they will not answer calls then dispute the account
Use the dispute form and say reported incorrectly.
www.oskie.com/credot-dispute.htm
wish

Tax lien on my report. If I pay when will it come off?

I had even gotten my credit score up 70 points since Jan 2007.
Making my payments on time etc.

Then out of the blue the Feds put a tax lien on my property which hit my credit reports under public records. It dropped my Equifax score 70 points. Experian and Transunion said over 600.
--I do owe the money and I am making arrangements to pay.

My question is, if I settle quickly this debt with the Feds, will I have a chance of getting this lien taken off my credit report?
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10 years from date of entry .
I would ask.
Leins are different than bad credit.

4 Hospital Bills in collections. Remove from my report.

I have 4 hospital bills that are currently in collections and are hurting my credit alot. I wanted to know what would be better to call them up and negotiate or just let them fall off of my report? dont know much about how long it takes so i wouldn't know what would be my best option. These are in collections as of right now, and i wanted to know how can i get them removed? they are all from the same collection agencymy credit scores are 600 662 619 first one is
$230 opened in 12/2002, last reported in 3/10/03
second one is $160 opened in 07/2001, last reported in 1/30/02
third one is $135 opened in 07/2001, last reported in 1/30/02
fourth one is $285 opened in 07/2001, last reported in 1/30/02
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If i had the money I would pay them all, but, negotiate before I paid. This is a matter of responsible credit honor.
If they cannot remove the collections completely I would probably still pay.

If you have three open lines of good credit you are closer to these falling offf than to hurting your scores

I word of note
Some creditors deny credit if there are any unpaid collections on a report.

Newly Divorced needs credit help.

I am a newly divorced mother and I am desperately trying to refinance my home. My credit scores are horrible: 540, 517 and 487. I simply cannot get the rate I need to refinance my home. Fortunately, my current lender placed me on hardship status and lowered my monthly payments, but I'm still having trouble. Yesterday, I came across your web page and I must say that for the first time in a year, I have hope. I thank you for offering free, upfront advice. I downloaded all of your forms, applied and received new credit lines and I feel positive about being on my way. Again thank you so much for this advice. You have gained a new fan and blog reader.
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Thanks. It's a jungle out here.
Dispute Forms

Negotiate and paid will it help my score and how much

I’ve negotiated and paid off 3 credit cards that went to collections in the span of a month in a half. Will that help my score?
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Sure will. Your credit report score will raise 10 - 80 points fast.
More if you re open these accounts and a year from now you call and get the old lates removed.

I’ve negotiated and paid off 3 credit cards that went to collections in the span of a month in a half. Will that help my score?

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Sure will. Your credit report score will raise 10 - 80 points fast.
More if you re open these accounts and a year from now you call and get the old lates removed.

How do I delete a late payment from my report that is paid in full?

How would I be able to delete late payment from accounts that are already paid in full and close. Also I have a collection account from a medical bill which is already paid in full. it went to collection because I never received any bill for it since it was sent to an address I never reside at.
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You cant to number 1
The most asked question in credit help to 2.
Thats life.
Negotiate and pay no matter what happened and get it as far behind you as quickly as you can.
If you already paid then you are better off because you have a paid in full account rahter than a maxed out account.
Read this

Scores different and Experian will not remove accounts Transunion will

I can't seem to get Experian to remove anything from my reportI have had good success with TU and Great success with Eqfx.Why is this happening ?
Scores
Transunion...625
Experian...533
Equifax..625
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I hear this all the time
Experian is the biggest and most experienced of the three.
I would think, If you had evidence they would take stuff off with this form
Credit Dispute Form
I cannot explain this though.
Keep new good credit open. Do not get new bad marks.
Eventually the score will rise no matter what.
1 2 years and your score will be 700

Bad Debt Collections on my credit report have been paid in full.

I am having some difficulty submitting two disputes with Experian as I have already disputed these items w/ them in the past. When I attempt to submit another dispute the website prevents me from doing so saying the items have already been verified. How do I proceed w/ another dispute? One of the items was removed several years ago and has since reappeared. Thanks again.
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Use the free mail form on my site not the website. I will say that they frown on continued dispute of the same order. Send in documents to support your cause or call the company reporting it and negotiate.
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The two bad debt collections on my credit report have already been paid in full and have 0 balances. What should I do about getting these removed?
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Open up the same account and 1 year later ask them to remove it or go on with your life and get new good credit

Negotiate a payoff while in debt management program.

I currently have (4) four accounts enrolled in a Debt Management Program. I was wondering if it is possible to negotiate to payoff all my accounts at a discounted rate; for example, can I call a creditor and offer to pay 50 percent of the principal to payoff an account. Then, I could eliminate all my debt by paying half of my total debt.
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Sure can. Get started with debt negotiation. Here are some negotiation tips.

Improve credit score. Bankruptcy Discharged

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

charge offs, dont recognize, old charge offs

Hi Bo…I have several accounts on my credit report that are charged off. However, some have no open date nor original debtor and I have no idea when or even if I opened them. A couple show to be closed but collection companies picked them up and are wanting money after the fact. Who do I pay to correct this?
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Dispute anything old or unknown as not yours.
Use this free credit dispute form.
Send it certified mail.
read directions
addresses on form

Credit Card, Collection, Court, Judgement, Attorney fees

What options do I have once a collection has gone to court? The attorney representing the credit card company did not provide me with any information to verify that the debt is mine or how it was calculated. They say I've defaulted and am ordered to pay. Can I use a revised version of the debt validation letter to make them put up or shut up? What about attorney's fees? Can they add them to my judgement?
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They would have to prove validation in court
So use it
They can add all fees

Cosignor, Bankruptcy, Car loan

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

Paid Collection

Hey Bo,
Well I came across your info a bit too late! I made a couple of payments over the phone to a couple of collection agencies and would like to know is there anyway that I will be able to get my credit report updated? On a side note one of the reps that I spoke with mentioned that they would be unable to remove the collections on my credit report due to the Fair Credit Reporting Act. She said all they could do was show a zero balance paid in full. What can I do, if anything?
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Probably nothing
But what you have done is GREAT and will help your score.
You now have a 0 balance on a maxed out line of credit.

negotiate, after bankruptcy, Chapter 7, duplicates, duplicate

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

Credit Card account sold to collections company and I paid them negotiated amount

I have a few questions...
1) I have an old credit card account on my credit report. It was sold to a collection company and I paid them a negotiated amount to pay them in full. In return they deleted the collection account from my credit report. Only Transunion still shows the collection account... and all three show the original account.
The date opened is 8/01 for the original account... Does that mean that I can start a dispute to get it removed from my credit report?
Also, on Transunion, can I report this as a duplicate account?
2) I have a civil lien on my credit report.... will it fall off in 7 years or will it just stay on until I pay? Also, I have a collection agency trying to collect on this lien showing up on my credit report... can I dispute as a duplicate account on the credit reports where it shows the original and the collection account. And finally.... the collection account pulls my credit report twice a year... can I report that as harassment. They note that they can not locate me. But I have sent and received letters from them regarding the account.... I have sent them a cease collections efforts letter... and this is what they are doing!

Thanks for your time and help.

I am currently about to relocate and am interested in getting a first time home loan and want to clear all these things up prior to getting out there.... The positive thing is that I have 2 active loans with my credit union which I have never been late on... which are both 2 years old... will that help?
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Date closed or date of last activity is all that matters.
I would dispute it as not mine.

Lien will come off if and when you pay in full.
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It is against the fair credit reporting act to pull your credit without signed consent.
I would use this letter to validate the premise behind pulling your credit and contact the local better business bureau about these actions. They should remove the account totally because they never had your signed consent to pull your credit. Totally illegal. You could own them.

Collections Agency Billing Insurance, paid collection

Can a collection agency report an account before billing medical insurance? I have dual insurance with 100% coverage and collection agencies have reported me with unpaid accounts before billing secondary insurance. When insurance pays the bill in full they upgrade the report to a paid collection. Most will delete the record but it is a hassle. Is it true that if you have insurance and the provider either does not bill or bills incorrectly that you do not have to pay?
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I would not think so.
I always have to pay.
Collections is a natural way for medical providers to collect.
Hospitals DO have to treat anyone who seeks treatment.
We all say medical is free to the indigent. This is not wholly true . Medical providers have the legal right to ruin credit on any and all person that do not pay fast. Expect to get collections from any and all medical providers fast. One of the biggest holes in hospital balance sheets is getting the bill to someone before they move and claim I never received a bill.
That is the largest line out there. So I have to prove my spot.
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If the account is found to "should have been paid by insurer" and the medical provider did not file insurance properly one would think the medical provider would have the account removed from your report.
NOTHING in credit reporting or collections is written in stone. One would think that all the creditors and bureaus and consumers could work this all out. But multiply, millions of creditors by millions of consumers, by 3 bureaus and it is a wonder anything works.
By and large most credit reports closely reflect a consumers past and current credit.
But strange things happen to real people in the hundreds of millions of different credit spots each day.
So check, recheck, and know your rights. Sounds like you are doing just that.