Well, 6 months out of college and it is time to take my finances into control. I just got all of my credit reports from the individual bureaus. Current Scores: EXP: 577 EQ: 546 TU: 580 Goals: 1. Get rid of the CO status. Currently have 5 with EQ (2 of these are the same account w/ 2 different CA's), 3 with EXP and TU. 2. Get rid of late payment remarks. 3. Raise score to minimum 650 within one year. So where to start? I would love to receive some advice as to where I should maybe start. If you need any extra information please post in here and I will then reply with the needed information. Current Status from Experian (I can supply other CRA's): REVOLVING ACCOUNTS: Count: 14 Balance: $4,020.00 Current: 14 Delinquent 0 Other 0 INSTALLMENT ACCOUNTS: Count: 3 Balance: $17,064.00 ***Student Loans (One account is my fathers responsibility of $6,000 other account is my responsibility at $11,000. PMT deferred till July 14th) Current: 2 Delinquent 0 Other 0 COLLECTION ACCOUNTS: Count: 2 Balance: $126.00 Current: 0 Delinquent 0 Other 0 TOTAL ACCOUNTS: Count: 19 Balance: $21,210.00 Current: 16 Delinquent 0 Other 0 ACCOUNTS SUMMARY: Open Accounts: 7 Closed Accounts: 12 Public Records: 0 Inquiries: 5 Chargeoff Details: Account Name: CFC FINANCIAL LLC Account Number: XXXXXXXX Acct Type: Unknown - Credit Extension, Review, Or Collection Acct Status: Closed Monthly Payment: Date Open: 8/1/2003 Balance: $122.00 Terms: Unknown High Balance: Limit: Past Due: $122.00 Payment Status: Seriously past due date / assigned to attorney, collection agency, or credit grantor's internal collection department ***Supposed SBC Telephone landline account ***I have never seen or received a call for collection ***I have no documents from this account anymore Account Name: I C SYSTEM INC Account Number: XXXXXXXX7206 Acct Type: Collection Department / Agency / Attorney Acct Status: Closed Monthly Payment: Date Open: 2/1/2003 Balance: $62.00 Terms: Unknown High Balance: Limit: Past Due: Payment Status: Seriously past due date / assigned to attorney, collection agency, or credit grantor's internal collection department Comments: ***A long distance account that I never opened. I have never seen any collection notice. Collector: CBCS and Risk Management Alternatives (Both with Same info) Date Assigned: 11/2002 Account Number: 26648165 Client Name: MCI COMMUNICATI Original Amount Owed: $83 Balance Owed: $83 Balance Date: 01/2003 Date of Last Activity: 08/2001 Date Reported: 01/2003 Status Date: 01/2003 Status: D-Unpaid Comments: N/A LA CHAPELLE CREDIT SERVICES Date Assigned: 11/2002 Account Number: 2192748 Client Name: DOOR COUNTY EME Original Amount Owed: $64 Balance Owed: $64 Balance Date: 02/2003 Date of Last Activity: 03/2002 Date Reported: 02/2003 Status Date: 02/2003 Status: D-Unpaid Comments: N/A ***My dad said insurance has paid for this emergency bill Account Details: Account Name: AM-EAGLE/MCCBG Account Number: XXXXXXXXXXX Acct Type: Revolving Charge Account Acct Status: Closed Monthly Payment: Date Open: 11/1/1999 Balance: Terms: Revolving High Balance: $67.00 Limit: $250.00 Past Due: Payment Status: Paid satisfactorily Comments: Credit line closed-consumer request-reported by subscriber Account Name: AMEX BLUE Account Number: XXXXXXXXXXXXXX Acct Type: Credit Card - Revolving Terms Acct Status: Closed Monthly Payment: Date Open: 12/1/2000 Balance: $1,495.00 Terms: Revolving High Balance: $1,661.00 Limit: Past Due: Payment Status: Current Comments: Credit line closed-consumer request-reported by subscriber Account Name: AMEX Account Number: XXXXXXXXXXXXXX Acct Type: Credit Card - Revolving Terms Acct Status: Closed Monthly Payment: Date Open: 1/1/2001 Balance: Terms: Revolving High Balance: Limit: Past Due: Payment Status: Paid satisfactorily Comments: Credit line closed-consumer request-reported by subscriber ***Never used account ***Shows up twice on report Account Name: ASSOC/CITI Account Number: XXXXXXXX Acct Type: Credit Card - Revolving Terms Acct Status: Closed Monthly Payment: Date Open: 9/1/1999 Balance: Terms: Revolving High Balance: Limit: $1,000.00 Past Due: Payment Status: Current Comments: Credit line closed-consumer request-reported by subscriber ***Never used account Account Name: ASSOC/CITI Account Number: XXXXXXXX Acct Type: Credit Card - Revolving Terms Acct Status: Closed Monthly Payment: Date Open: 9/1/1999 Balance: Terms: Revolving High Balance: Limit: $850.00 Past Due: Payment Status: Paid satisfactorily Comments: Credit line closed-consumer request-reported by subscriber ***Never used account Account Name: CAPITAL ONE BANK Account Number: XXXXXXXX Acct Type: Credit Card - Revolving Terms Acct Status: Closed Monthly Payment: Date Open: 3/1/2001 Balance: Terms: Revolving High Balance: Limit: Past Due: Payment Status: Paid satisfactorily Comments: Credit line closed-consumer request-reported by subscriber Account Name: DISCOVER FINANCIAL SVC Account Number: XXXXXXXX Acct Type: Credit Card - Revolving Terms Acct Status: Open Monthly Payment: $28.00 Date Open: 11/1/1999 Balance: $1,223.00 Terms: Revolving High Balance: $1,369.00 Limit: $1,250.00 Past Due: Payment Status: Current, was past due 30 days three times Account Name: US DEPT OF EDUCATION Account Number: XXXXXXXX Acct Type: Education Loan Acct Status: Open Monthly Payment: Date Open: 9/1/1999 Balance: $6,092.00 Terms: 120 Months High Balance: Limit: Past Due: Payment Status: Current Comments: Account Name: GLHEC/FIRST FEDERAL SV Account Number: XXXXXXXXXXX Acct Type: Education Loan Acct Status: Open Monthly Payment: Date Open: 4/1/2002 Balance: $10,850.00 Terms: Unknown High Balance: Limit: Past Due: Payment Status: Current Comments: Student loan - payment deferred *** I love that I finally GRADUATED!!! Account Name: HB/BESTBUY Account Number: XXXXXXXX Acct Type: Revolving Charge Account Acct Status: Closed Monthly Payment: Date Open: 11/1/2000 Balance: $0.00 Terms: Revolving High Balance: $1,572.00 Limit: $1,571.00 Past Due: Payment Status: Current, was past due 30 days Comments: Credit line closed-grantor request-reported by subscriber Account Name: HHLD BANK Account Number: XXXXXXXXXXXX Acct Type: Credit Card - Revolving Terms Acct Status: Open Monthly Payment: $10.00 Date Open: 8/1/2002 Balance: $277.00 Terms: Revolving High Balance: $423.00 Limit: $300.00 Past Due: Payment Status: Current Comments: Account Name: RNB - MFLDS Account Number: XXXXXXXX Acct Type: Revolving Charge Account Acct Status: Open Monthly Payment: $10.00 Date Open: 9/1/2001 Balance: $134.00 Terms: Revolving High Balance: $134.00 Limit: $194.00 Past Due: Payment Status: Current Comments: *** I Paid this account off 2 weeks ago, account still open Account Name: US BANK/NA ND Account Number: XXXXXXXXXXXX Acct Type: Credit Card - Revolving Terms Acct Status: Open Monthly Payment: $18.00 Date Open: 9/1/1999 Balance: $891.00 Terms: Revolving High Balance: $1,107.00 Limit: $900.00 Past Due: Payment Status: Current, was past due 120 days Comments: Account Name: WFNNB/J CREW Account Number: XXXXXXXXXXXX Acct Type: Revolving Charge Account Acct Status: Closed Monthly Payment: Date Open: 12/1/2000 Balance: Terms: Revolving High Balance: $225.00 Limit: Past Due: Payment Status: Legally paid in full for less than the full balance Comments: Election of remedy - reported by subscriber ***Not paid for nine months in a row in 2002 and then missed one other time for 30 days ***I do not remember settling for a lower than full cost Account Name: ZALE/CBUSA Account Number: XXXXXXXXXXXX Acct Type: Revolving Charge Account Acct Status: Open Monthly Payment: Date Open: 1/1/2001 Balance: $0.00 Terms: Revolving High Balance: Limit: $1,300.00 Past Due: Payment Status: Current Comments: ***Never used account ***Zales also states that this account is closed
I could pay for a few of those chargeoff's just to make it simple. Are there any of those listed such as CBCS, Risk Management Alternative, CFC Financial, IC Systems, or La Chapelle Credit Services that are hard to get deleted without payment? Since they all only total about $180.00 I could make the payments.
Re: Re: 6/01/04: Start of new credit life!! Unless you get payment in exchange for deletion in writing these negs will stay on your reports for 7 years thus jacking you with over charges on loans and insurance which could add up to a tidy sum over 7 years. ><- <>- ><- <> ~~~ ><- <>- ><- <> ><- <>- ><- <> ~~~ ><- <>- ><- <> Never read the fine print. There ain't no way you're going to like it.
Re: Re: Re: 6/01/04: Start of new credit life!! lbrown59 I do understand the consequence of having these CO's on my report for 7 years. I will not pay these without having deletion in writing. Do we have a letter here for a sample to use in this cause? Should I still go through validation before I pay these off for deletion?
Re: Re: Re: 6/01/04: Start of new credit life!! Always go for validation first. If they can't validate, they have to remove it, and you pay nothing. If they commit violations, you sue them, get it removed, perhaps get money as well. Don't close any more accounts. You need length of history on open accounts, and you need the credit limit for your ratios. Just "sock drawer" the cards, maybe use them once every few months for gas or something, make sure you pay it the next month. That way they're open and active and will be an asset.
: 6/01/04: Start of new credit life!! Should I still go through validation before I pay these off for deletion? mbeutler ============================ >>YOU Could pay without making them validate, but it's not my policy to pay unproven claims. ><- <>- ><- <> ~~~ ><- <>- ><- <> ><- <>- ><- <> ~~~ ><- <>- ><- <>Never read the fine print. There ain't no way you're going to like it.
Re: Re: Re: 6/01/04: Start of new credit life!! color=white] ><- <>- ><- <> ~~~ ><- <>- ><- <> ><- <>- ><- <> ~~~ ><- <>- ><- <>[/color]Never read the fine print. There ain't no way you're going to like it.
Re: Re: Re: 6/01/04: Start of new credit life!! lbrown is one of the smartest people in here... you might want to read some of her posts
