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Got Bad Credit?? Need It Fixed??


 
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 2 years ago '06        #601
SuckaMC6985 
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 markus said
wouldn't it be faster to just dispute your negative items over the internet? after receiving your credit reports?
You don't want to dispute online because it makes it easy for them to deny your dispute and I heard from some other credit repair forums that once you dispute online you can't dispute again. You want to dispute using one of the templates and send it to each of the bureaus via certified mail so they can't say they didn't get it. Also, send an additional letter with your identity info (SS#/Driver's License/Passport/Current Address/etc.) and get it notarized. Remember, the burden of proof is on the credit bureaus, not you. If they can't prove that it's your debt, they have to take it off your report.

 2 years ago '12        #602
Wraith420 3 heat pts
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 Shizz said
Here's a general plan to get you started and comfortable.

I'm a*suming you've already pulled each of your 3 credit reports and have them available.

1) Opt-Out. 1-888-5OPTOUT (1-888-567-8688).
This keeps the CRA's (Credit Reporting Agencies) from selling marketing lists which include your information. Helps keep the Popup-collections to a minimum.

2) Prepare a letter to each of the 3 CRA's, TransUnion, Experian, Equifax asking them to delete all addresses/names other than your current one.
(Incorrect, never lived there, etc)
This takes away one method of verification when you dispute, if that negative is tied to that old address or name.

3) Prepare a listing of all negatives on each report, and gather details as best you can. Date it first went delinquent, date of last activity, etc. You will need these dates to figure the reporting period and if appropriate, when the legal SOL expires.

4) At this point, you might consider a "blanket" dispute of your negatives with the CRA's. many people have luck with their initial dispute, the easy stuff gets deleted leaving fewer negatives to deal with later.
Results in 30 days, lol.

>>>>>
This is a good time to do some reading.
Up to this point, the stuff you've done is pretty straightforward. From now on, a good understanding of the laws involved will serve you well.
Read the FCRA (Fair Credit Reporting Act) and the FACTA (Fair and Accurate Credit Transactions Amendment) update.
Read the FDCPA.(Fair Debt Collection Practices Act)
Read your state laws regarding collections- in the "Consumer Protection" forum.
If you have questions regarding the meaning of something, search then ask here.
In order to use the laws, you have to understand them...

Once you have those down, smile! You know more than 99.9% of the collectors and CRA's out there- which will work to your advantage.
>>>>>


5) Now you'll have to start making decisions.
For each negative left, you should consider:

a) Legal SOL.
Can they still sue you? If so, are you prepared to deal with that? Settle? Defend? Countersue?

B) Who is reporting.
If it's a CA,(Collection Agency) you may consider a DV letter, or the 1-2 punch.
If it's OC,(Original Creditor) you have goodwill letters or verification letters at your disposal.

c) age of the negative.
If its nearing the end of the 7-year reporting period, sometimes the best thing to do is nothing at all, other than dispute it with the CRA's as "Obsolete".



As your report clears up, you'll want to start adding positives to your report.

-Initially, being added as an Authorized User is a good way to jump-start a thin report.

-And/Or a secured credit card.
Go with one of the Prime banks, National City, Chase, BankofAmerica, etc.
The nice thing about a secured card is- you keep your money!
Avoid the offers of $300 credit for a $250 fee.
You could put the same $$ into a secured card- and keep it. Why throw cash away? lol....
These subprime card issuers can be (not all of them but some) loaded with "gotchas" which will defeat the purpose. You will outgrow them soon enough anyway.
Particularly avoid Cross Country bank and Aspire. Bad news. Run.

One day soon, you will find yourself in a position to pick your cards and loans...you'll find approvals rolling in..
This can be a danger point for many people.
Avoid the temptation to run up balances on the cards!
It's easy to do, the newfound freedom of having credit available seems to make purchases much easier, lol. Ask me! :)
You've worked hard at this point to repair and improve your credit.
Don't undo your hard work by carrying high utilization, or worse- ending up in a situation where you cannot easily repay the cards.
Not saying you personally will do anything of the sort. Just a forewarning that that day is coming...and it's an easy pitfall to succumb to.


That's pretty much the overview of what to do.
The Devil is in the details of course, so- Once you get things rolling and you come to a crossroads where you're not certain what to do- Ask!
We love to help with letters, etc. Just post what you have, other will certainly jump in with suggestions.
1st of all props for all the info you took the time to put on here! I got an old "anytime fitness" debt where I signed up for a 2 year contract. I signed the contract in late 09 and broke the contract in early 2010. Since this is 2017 I got to wondering if that debt had finally fallen off since i live in Indiana and Indiana has the 7 year rule and logged in on my credit karma account and sure enough it was still active under some collection agency that has had the debt since 2012 as far as I know.

This year I got a my 1st car loan and started thinking about getting my debt taken care of so I logged back in to credit karma to see what they offer as far as help with debt, well low and behold the debt was just bought by another collection agency!

So my question is should I dispute this debt on credit karma or is that a bad idea? this is nothing but a gym membership if you are not familiar with the name "anytime fitness" and it's not like I have kept any property or items so I just don't understand why this debt hasn't faded into oblivion. it's only a little over $1,000 debt but it seems they are not gonna give up. I would appreciate any advice you might have thanks

 2 years ago '07        #603
Monroe200 
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Where can you go to get the true credit score. I use creditkarma.com and cresist wise. My credit was like 590 but I took a loan out and they showed me my score was 678. I am trying get an actual range of my score.

 2 years ago '04        #604
Kliq 351 heat pts351
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 Wraith420 said
1st of all props for all the info you took the time to put on here! I got an old "anytime fitness" debt where I signed up for a 2 year contract. I signed the contract in late 09 and broke the contract in early 2010. Since this is 2017 I got to wondering if that debt had finally fallen off since i live in Indiana and Indiana has the 7 year rule and logged in on my credit karma account and sure enough it was still active under some collection agency that has had the debt since 2012 as far as I know.

This year I got a my 1st car loan and started thinking about getting my debt taken care of so I logged back in to credit karma to see what they offer as far as help with debt, well low and behold the debt was just bought by another collection agency!

So my question is should I dispute this debt on credit karma or is that a bad idea? this is nothing but a gym membership if you are not familiar with the name "anytime fitness" and it's not like I have kept any property or items so I just don't understand why this debt hasn't faded into oblivion. it's only a little over $1,000 debt but it seems they are not gonna give up. I would appreciate any advice you might have thanks
since it's been sold to a collection agency, it essentially resets the 7 year period.

the good news is, the collection agency is more willing to bargain with you. I would offer them a pay-for-delete in writing. Agree to pay off X% of the debt in exchange for them deleting the debt from your credit report

 2 years ago '14        #605
strungout 408 heat pts408
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Im about 3500 in the hole with a credit card i haven't made a payment on since 2014 they have since closed my account and i periodically get calls from collections... should i jus forget about it ?? I heard after 5 years it will leave my credit history ...i also heard if i pay it off now it wouldnt change anything as far as my credit goes..

 1 year ago '04        #606
Kliq 351 heat pts351
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 strungout said
Im about 3500 in the hole with a credit card i haven't made a payment on since 2014 they have since closed my account and i periodically get calls from collections... should i jus forget about it ?? I heard after 5 years it will leave my credit history ...i also heard if i pay it off now it wouldnt change anything as far as my credit goes..
it falls off after 7 years

also, if they aren't reporting your account as delinquent anymore then it's probably best to just let it fall off. What i mean by this is that sometimes a creditor will get lazy or just forget to notify the 3 bureaus every month that you still haven't paid your outstanding debt after a few years have passed

do NOT dispute it for any reason or the creditor might update your record to reflect its current status

 1 year ago '04        #607
quedawg 3 heat pts
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WHAT IF you owe the irs?

 1 year ago '17        #608
yousabitch 1 heat pts
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 Kliq said
since it's been sold to a collection agency, it essentially resets the 7 year period.

the good news is, the collection agency is more willing to bargain with you. I would offer them a pay-for-delete in writing. Agree to pay off X% of the debt in exchange for them deleting the debt from your credit report
they cannot re age the account....Last date of activity is what it should be reflecting. Re aging is illegal and you can sue them for that. I would dispute it by mail for that reason and it should come of immediately

 1 year ago '17        #609
yousabitch 1 heat pts
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 strungout said
Im about 3500 in the hole with a credit card i haven't made a payment on since 2014 they have since closed my account and i periodically get calls from collections... should i jus forget about it ?? I heard after 5 years it will leave my credit history ...i also heard if i pay it off now it wouldnt change anything as far as my credit goes..
anything that is older than 24 months old does not hurt your score as much as items that are 24 months and newer. I would send the collector a contact me by mail only letter, this way you can get an idea on what they have on you and if ANYTHING that they are reporting is inaccurate. Never admit to the debt being yours though or you will screw yourself.

it will be deleted after 7 years not 5 and it absolutely will be hurting your score if you just have it sit there or if you pay it off without coming to a pay per delete agreement(at a fraction of what you owe)
+1   

 1 year ago '10        #610
GwopNation 
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Should I remove my old addresses after I dispute closed accounts?

If I update my addresses before i dispute closed accounts, won’t agencies just get new info from updated credit report?

Does anyone have any sample dispute letters?

 1 year ago '17        #611
yousabitch 1 heat pts
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 GwopNation said
Should I remove my old addresses after I dispute closed accounts?

If I update my addresses before i dispute closed accounts, wonít agencies just get new info from updated credit report?

Does anyone have any sample dispute letters?
I typically dispute my clients old addresses, jobs etc in the 1st round .. some items can drop off or be easier to dispute just by doing it this way ,, FreshFocusCredit.com

 1 year ago '10        #612
GwopNation 
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 yousabi*ch said
I typically dispute my clients old addresses, jobs etc in the 1st round .. some items can drop off or be easier to dispute just by doing it this way ,, FreshFocusCredit.com
Do agencies get updated info from updated credit report when they do an inquiry?

And does anyone have a sample dispute letter for removing accounts from collections?

Edit: Tried disputing over the phone and online. Sent ID, social security card, credit card bill, and the reason I was sending the documents when disputing online. Transunion removed them no problem over the phone. Experian and Equifax did not because they said that I have open account/closed accounts tied to those addresses.


Last edited by GwopNation; 03-13-2018 at 12:30 PM..

 1 year ago '04        #613
mistatnn 
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Anyone using one of those services? My credit is sh*tty but I know it’s things that I fix. Any suggestions? Not sure if I should look for someone local or not. The last thing I want is to get in a worse situation.

And what kinda money do they charge? I read that with some type of act, it’s allegations to pay in advance. This stuff is just overwhelming but I need to get it done. Any help would be appreciated

 1 year ago '10        #614
GwopNation 
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I’m trying to figure out if I should dispute with the credit bureau or the collection agency first.

There a few addresses that the credit agencies wouldn’t delete because the addresses are tied to open accounts/accounts in collections.

Edit: Nvmnd. Just read that you should dispute with the agency first because the cra can request info


Last edited by GwopNation; 03-14-2018 at 08:45 PM..

 1 year ago '17        #615
yousabitch 1 heat pts
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 mistatnn said
Anyone using one of those services? My credit is sh*tty but I know itís things that I fix. Any suggestions? Not sure if I should look for someone local or not. The last thing I want is to get in a worse situation.

And what kinda money do they charge? I read that with some type of act, itís allegations to pay in advance. This stuff is just overwhelming but I need to get it done. Any help would be appreciated
i own and operate freshfocuscredit.com , I am a credit expert I will give you a free consultation if interested. Check out my website if you enter your info there i will contact you to schedule it.

 1 year ago '07        #616
dbbabd 2 heat pts
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 yousabi*ch said
i own and operate freshfocuscredit.com , I am a credit expert I will give you a free consultation if interested. Check out my website if you enter your info there i will contact you to schedule it.
Yo I need help on what's the best way to attack my credit. I don't have a complicated history just student loans (grad 2 yrs ago) , and a couple of old debts that's in collections from 4 to 5 yrs ago tottlallijg less than 10k.

 1 year ago '17        #617
yousabitch 1 heat pts
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 dbbabd said
Yo I need help on what's the best way to attack my credit. I don't have a complicated history just student loans (grad 2 yrs ago) , and a couple of old debts that's in collections from 4 to 5 yrs ago tottlallijg less than 10k.

Enter your info on the website so that I can give you a call and set up the free consultation. It doesn't take long at all. freshfocuscredit.com. You can also call me at 866-217-2666

 1 year ago '04        #618
Q80 
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I used

 1 year ago '18        #619
wasabi206 
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So check this out. I got a secured card from bank of america about a year ago. i've been paying that off and my score has went from 570 to 630 in about that time. I can't however get a real credit card that's not secured. I keep getting rejected.

How TF do i improve my credit if I can only get a secured credit card? Should I get another secured card and pay these both off? Sh** i just want to get to 700

 1 year ago '17        #620
yousabitch 1 heat pts
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 wasabi206 said
So check this out. I got a secured card from bank of america about a year ago. i've been paying that off and my score has went from 570 to 630 in about that time. I can't however get a real credit card that's not secured. I keep getting rejected.

How TF do i improve my credit if I can only get a secured credit card? Should I get another secured card and pay these both off? Sh** i just want to get to 700
Howís your payment history? Age of credit? Any loans? Debt to income ratio ? Iím a credit specialist..
+1   

 7 months ago '18        #621
ANewSense 
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I owe slightly less than $1,000 total, between about 6 old accounts, and because of this, my credit is in shambles. Has been for years. Matter of fact, I've sorta been living under the radar for years now (no credit, for anything).

These 6 collection accounts is: 1 for ATT, and the other 5 is from medical bills (no insurance). One of them was from like 2012 (or '13 at the very latest) -- but I see they reset that particular collection account to about 5 months ago. Anyway..

I have the $ to handle this -- but, I'm not quite sure how to run it: Do I....

1) Call up all of these collections and knock them out $? (or)
2) Just apply for a secured credit card for about $1,000 and be diligent with paying it off in a timely manner?

Or.....

Do a 50/50?

Call up these collections with $500 (to try to shave them down/get them off).
AND apply for a $500 secured credit card?


 7 months ago '18        #622
Datsallfolks 
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 ANewSense said
I owe slightly less than $1,000 total, between about 6 old accounts, and because of this, my credit is in shambles. Has been for years. Matter of fact, I've sorta been living under the radar for years now (no credit, for anything).

These 6 collection accounts is: 1 for ATT, and the other 5 is from medical bills (no insurance). One of them was from like 2012 (or '13 at the very latest) -- but I see they reset that particular collection account to about 5 months ago. Anyway..

I have the $ to handle this -- but, I'm not quite sure how to run it: Do I....

1) Call up all of these collections and knock them out $? (or)
2) Just apply for a secured credit card for about $1,000 and be diligent with paying it off in a timely manner?

Or.....

Do a 50/50?

Call up these collections with $500 (to try to shave them down/get them off).
AND apply for a $500 secured credit card?

its always the damn medical bills. Make no sense that a hospital visit can fu*k your whole life up with you cant afford it. Anyways


In Feb of this year my score was 448. That was basically across the board.

I called up my JCP credit card and Capital One CC (had 700 credit score 5 years ago). Both CC were with 1 collection agency. I told them this "I will make payments to get rid of the debt IF you guys either 1. take it completely off the active collections, or 2. report I am paying to raise my score. " They did the 2nd option. Still open BUT shows active and being paid. Eh, it slightly jumped my score.

New CS was 477 or something. I got 2 secured CCs (one was $200 and the other was $400), kept this 30% use rate and my score went to 558 by Mid June.

I took out a build your credit loan with MoneyLion and they legit reported within the first month of acceptance and my sh*t jumped 24 points.

So at like 580 CS I applied for a low end unsecured credit card. High interest, but doable. Got approved for $400 again. Now I have another credit card with Capital One Quicksilver while still paying the other CO Quicksilver debt.

Today my CS is 648
2 unsecured Credit Cards
2 Secured Credit Cards
Target Red Card
Just got approved for a $24k Autoloan with no money down at the Mazda and Mitsubishi dealership here; trying to get a van for my 5th child coming in March 2019!

forgot to add, I had a Toyota Auto Finance repot in 2015 so my 700 CS went to 500 once that $18k debt reported.
+3   

 6 months ago '06        #623
LYTE 168 heat pts168
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Anyone ever had a late payment that was your fault removed from your credit report? if so, what was the scenario?

my story 11/2016, i was out the country. the other party responsible for paying mtg input wrong acct info. by the time it was realized, it was late. it was corrected and paid immediately.

havent been late since 11/2016.

though my score is above 700, im thinking that removed will help drastically?

 6 months ago '13        #624
412Sadom 5 heat pts
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 Datsallfolks said
its always the damn medical bills. Make no sense that a hospital visit can fu*k your whole life up with you cant afford it. Anyways


In Feb of this year my score was 448. That was basically across the board.

I called up my JCP credit card and Capital One CC (had 700 credit score 5 years ago). Both CC were with 1 collection agency. I told them this "I will make payments to get rid of the debt IF you guys either 1. take it completely off the active collections, or 2. report I am paying to raise my score. " They did the 2nd option. Still open BUT shows active and being paid. Eh, it slightly jumped my score.

New CS was 477 or something. I got 2 secured CCs (one was $200 and the other was $400), kept this 30% use rate and my score went to 558 by Mid June.

I took out a build your credit loan with MoneyLion and they legit reported within the first month of acceptance and my sh*t jumped 24 points.

So at like 580 CS I applied for a low end unsecured credit card. High interest, but doable. Got approved for $400 again. Now I have another credit card with Capital One Quicksilver while still paying the other CO Quicksilver debt.

Today my CS is 648
2 unsecured Credit Cards
2 Secured Credit Cards
Target Red Card
Just got approved for a $24k Autoloan with no money down at the Mazda and Mitsubishi dealership here; trying to get a van for my 5th child coming in March 2019!

forgot to add, I had a Toyota Auto Finance repot in 2015 so my 700 CS went to 500 once that $18k debt reported.
Motivation to get my credit a1.. I want to start my business but my credit isnít the best
+1   

 6 months ago '18        #625
Datsallfolks 
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 412Sadom said
Motivation to get my credit a1.. I want to start my business but my credit isnít the best
You got it!! There is many things you can do from home now that will build that CS! Secured credit cards with lower than 30% utilization and self lend loans. The self lend loans get a hit from some people because you dont technically get a loan when you get one. But you pay every month a small amount and you go a full term, then at the end, you basically get all the money you have paid and they build your credit. The only debts I would pay off is student loans and credit card debts thats it. I wouldnt do medical, small loans, car repot, broken lease (unless you need an apartment where they checkin). Its easy bro. Real easy!
+1   

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