Archive for category Credit
if something on you credit is removed what bureaus update?
so i filed a letter of validation to a debt collector because the debt wasn’t mine and a month later i got a letter from Experian saying the outcome of the dispute (DELETED) meaning the debt was verified to not be mine but do all my credit scores update because it showed on all three reports if so how long does it take..
Alice
Where would I send a paid in full letter from a debtor?
Alright, I had an account in collections for a really long time. When I started paying it down the collector told me that once it was all paid off that I should send copies of the paid in full letter to the 3 main credit bureaus (transunion, eqifax and experian). However, she did not provide me with the addresses I needed. So I have been circling the internet for hours and hours trying to find these addresses and phone numbers. I found addresses and phone numbers for all three, but these addresses and lines are for obtaining credit reports. My questions are:
Q: If I send my paid in full letters to the main addresses listed, then will someone there know what to do with it, or throw it away because I was supposed to send it to some other (super-secret) address
Q: is it even necessary to send the paid in full letters to the credit bureaus? Because one would think that a collections agency would send that info off in their special way as soon as a debt is settled. ALSO, if it were necessary, you would think that there would either be a designated 1-800 number with PEOPLE to answer questions, a designated PO box address listed somewhere on the internet used for people who need a little more service than a free credit report, or a straight answer about any of these issues somewhere.
Sorry, that last question kind of turned into a rant….
If anyone can help me that would fabulous, and worth 10 points!
Dustin
How do I establish credit history?
I just turned 18 a few months ago, and have been working at JC Penney for a month. I have not over drawn my bank account. I have direct deposit. I have a house in my name, but it’s paid off. I also have a Netflix account, but I’m not sure if they report to the credit bureau or not. Putting utilities in my name is not an option, and I have a cell phone in my gramma’s name, but I can’t change it into mine until my contract is up in 2010. I have applied for 3 credit cards, Chase Freedom Rewards, Citibank No-Hassle, and JC Penney, and I was denied for all three because of having an insufficient credit history, so I’m stoping there with credit cards. So with all this being said, how can I establish my credit history?
Karen
Credit score varied widely?
I checked my score at Experian.com and it was 780, that was exactly one month ago, and nothing on my credit has changed, yet when I went to creditkarma.com, they said my transunion score was only 671. Why is that? I even checked my report, and all three bureaus have the exact same information, so why the huge gap?
Darrell
HELP with settling a debt to collections?
Hello, I co-signed on an ex-boyfriends truck (stupid, I know) and he never ended up making payments. I have been receiving calls from a company called Syncom and they are willing to negotiate a settlement to help repair my credit. The balance is $4700, but they sent me a fax that said if I pay $1400, they will settle this and report it to all three credit bureaus. Has anyone else been through this-does it help out your credit a lot? Any info would be greatly appreciated!
Thanks, so far. His truck was repossessed, and this was only 4 years ago. I am looking to buy a home with my now husband, and my credit score is so poor because of this. What they sent me in writing (by fax) is that “Upon receipt of the settlement, which is $1400, our client will inform the Credit Reporting Agencies that the account has been settled in full”. I really want to work on fixing my score and I feel like this is the best option, so I don’t have to wait the 7 years.
Charlie
Fixing Bad Credit?
My lowest score of the three bureaus is 590…which is basically very bad……
The main thing that drove down my score is late payments to my credit card 90 days late and one for 120 days late….
I also had a couple of things go into collections, which I payed off entirely along with my credit card(which I closed out)..I am clear of all debts(with the exception of a sallie mae loan)…
I need to repair my credit,, with in the next year if possible… Should I reopen my credit line with that same credit card I initially closed?
Also,, is there a way to get the collections off my report since they are paid in full?
B
the late payments happened alittle over two years ago…
Kimberly
Applied for car loan and was denied due to Credco reporting 0 score. Is this legal? Experian score is 630?
I have been applying for credit not knowing that credco had me at 0 -factor. I don’t understand why. They also have me listed as a different birth date, but I know its me because the inquiry appears on my credit reports. When I check my score w/ all three bureaus I have more than a 590. What can I do? . Is it legal for them to do this?
Ana
How to avoid a charge off on my credit for 7 years?
I have a medial bill that I have been paying on for the last several month. I called the hospital because I received a letter saying the bill was due in full within ten days. The statement was dated almost three weeks after it was received the bill so the ten days was long past. When I called the hospital I was told the bill had been sent to United Collection Bureau. Now that it has been sent to a collection agency how do I handle the situation without it showing on my credit report? If I pay it and it shows up on my credit report as paid will this hurt my credit report since its a medical bill?
Betty
WHat do you think of those?
credit cards that are specially for people with bad credit? What about the prepaid ones? Most of the cards I’ve seen so far only report to ONE credit bureau. Is that okay? Or should I find one that reports to all three? Or should I wait till my credit is good enough for a real credit card so I can help rebuild my credit? I really hate credit cards, but I am responsible enough. I just need some advice on this. I want to get all the info I can abot rebuilding my credit. Funny thing some other person responded to my other question by saying i shouldnt worry about my credit. Ok CRAZY. If you ever want to get a house, or a new car, or if money gets tight and you need a loan, or a business loan, what do you think they check? Credit DUHHH. LOL
Brett
Question for Bbdancer, CatDad, Echo, Spiffiman or knowledgeable contributors?
I am 20 years old, and pulled my credit report about 3 months ago. I found three collection accounts on my credit report.
I first disputed the accounts with the credit bureaus, who all verified the accounts. These accounts are not mine, I know they are not mine, for a business in a state I have never been to.
My next step was to send the collection agencies a certified letter requesting validation of debt, that was over 2 months ago, no response from any of them.
I was doing research on Y/A and found out that now I should dispute the accounts with the credit bureaus again and send certified mail with copies of validate letters, that they failed to answer OR I should contact the credit bureaus for something called Method of Validation.
My question is can anyone help me with a sample letter or tell me how to word a letter to the credit bureaus saying they should delete the accounts because the collectors did not validate. I am not good at writing letters, I feel inadequate.
Also should I list all three accounts on one letter to each bureau?
Lucille