I have been reading and reading and reading again (for about a month now). I have printed out a lot of information and I still don't know which route to take. I have pulled all three credit reports, I have opted out. Here's my situation. I have always had good credit until just this past year. I got in a bind through divorce and lost my job for a while. Stupidly I just quit paying on three credit cards instead of just calling them and trying to explain my situation to them. So now they are all three charged off, but this just happened in the past 8 months. I have to move in March and have a great offer on a home to buy but my credit was not good enough to pre-approve. I knew it wouldn't be and I told the loan officer this ahead of time. I laid out everything for him ahead of time and he suggested to go ahead and try for pre-approval to see where to start. My scores were 491, 534 and 648. I will have some money to pay these accounts off in about 30-40 days, but I really want to know if there is any possibility of them agreeing to pay for delete on such recent accounts? I have one medical account for $10 and one verizon account for $157. I am going DV them this week and try the PFD on them. They are a little older but still in the SOL. They were for such a small amount my loan officer said if I just pay them it won't be that big a deal for those two. I have a long history of excellent credit...no lates (except for in the last year- the three charge offs) my current mortgage is still current (which my husband will be refinancing soon). I also have one credit card still current. I have not tried to delete any old accounts because they are all good and it shows a history of good credit for about 15 years. I just really don't know how to approach on the 3 charge offs since they are so recent and they can sue. Should I contact them and let them know I will be able to pay in the next month? The amounts are so much higher than my last balance before I started missing payments, I wonder if there would be any way I could get some of the late fees removed? One is showing $3,500 on one that never had a balance over $1500. I know this is long...and I've probably jumped around so much. I just don't want to make the wrong first move since I need to be able to move by March.....but I need to get on the ball with this! Thank you.
Yes, there is that possibility. It can work with a bit of luck if you go at it correctly. If you click on my cap1sucks link in my signature line you will find a full description of a good way to go about it. That and a whole lot more you just might be very interested in. For that matter, checking out the rest of my links will also lead you to great resources. All of my links update at least once a day and some are constantly changing with new information. They change so fast that nobody could ever hope to keep up with all of the changes. But you will easily find the help you need there. How old is that Verizon debt? If it is more than 2 years old then it is outside statute of limitations under federal law. Granted that $157 isn't worth fighting over unless they are giving you a hard time over it and you simply don't have the funds to pay with. I'd suggest paying Verizon directly even though they may have turned it over to a debt collector. If they accept the money then you will be in much better shape than if you have to deal with a debt collector. Why are you worried about getting sued? Are you afraid you will be sued by one of those scumbag lawyers you deal with every day in your job who will come to your office and file papers against you that deny you your due process rights under the law? (LOL) If so you probably have good reason to fear them and their shady tactics. On the other hand, if you don't like what they do and how they do it and want to try to make some changes in your county then that would be an excellent chance to do so by learning all you can about the law and how to stand up for your rights in court. You might even end up having to learn how to take them to federal court and give them a good drubbing. That's not really a big deal and you don't need another scumbag lawyer to do it for you. But in your special situation there are several thing you must take into consideration before you decide to jump in with everything you have. First of all, you will harm your chances of getting your home refinanced unless you get your name out of the picture and let your husband do it on his own. You would still be on the mortgage but simply wouldn't sign on the note. But then maybe you should seriously consider getting a mortgage fraud audit done on your present note and mortgage before you refinance and another on the new note and mortgage. A fraud audit can easily cost you $1,000 but if done by a reputable auditor such as Neil Garfield from Arizona or Norm Bradford from Maryland you can get the results in about a week. If your auditor finds that fraud is present you can sue in federal court and maybe even get your house for free. I know of a man in New Mexico who is doing just that right now. He will not only get his $250,000 home for free but get paid damages on top of that. In his case it is likely that somebody will go to jail because the FBI is also investigating the case. So just because you decide to stand up and fight against the fraud and corruption you now know is rampant in your local court system don't mean your husband can't refinance your home on his own credit alone. Another consideration you need to think about is your job. You don't want to lose that simply because you decided to stand up and fight. Talk to your boss about it and see what the reaction is. Talk to your husband as well, of course. Let him know how you feel about all the fraud and corruption you have to ignore in your work. Don't let your activism ruin your marriage.
Thank you! I will check out the information you have posted. The Verizon debt is not more than 2 years old. I do have the money to pay and was going to just pay verizon directly and DV the CA that I just got a letter from - hopefully make them remove it from my reports. Should I send a letter with my check to Verizon that stipulates if they cash the check it has to be pulled from the CA or something like that? About the getting sued part, I just meant that in all of my reading I have seen things that say be careful about disputing or messing with things that are within the SOL because you can get sued. And yes, I do NOT want any of those lawyers filing papers on me like I have to process every day. I think you misunderstood about my mortgage....my husband and I are divorcing and he has to refinance the house to get my name off of the deed. He will be giving me my half of the equity in the house in about 30 days and that's when I will have the funds to pay on these debts. Then the balance would have to be used as a downpayment on a new home for me, if I can get these credit issues taken care of!!!!! I don't mean to sound dumb, but I'm not quite sure what you mean with that mortgage fraud audit. information???? Thanks again for all the help.
I'd pay Verizon directly if they will accept the money but I would not DV the CA. I'd just dispute their listing and if it don't come off I'd seriously consider a federal lawsuit because they have no permissible purpose for being there if you don't owe the debt. I don't think I'd mess with that either. Not much point in it because you object is to pay Verizon thereby eliminating the debt. If you try to do anything other than pay them cash and get a receipt for your payment then things just might turn sour on you. Don't think I'd want to risk that if I were you. If they refuse the money then you will have to go at it the other way with the debt colector. Just because you don't know about the mortgage fraud business does not mean you are dumb or even sound that way. I can't tell you all about that because many books and thousands of magazine and newspapers articles have been written on the matter so trying to educate you about the mortgage fraud situation would take lots of time and space. To make a very long story short, millions of homeowners were sold mortgages that had grave violations of law built into them. Many of those millions have lost their homes due to having signed up for ARM loans they thought was a good deal until the payments started escalating to double and triple what they bargained for. Many other forms of deceipt, deception and outright fraud were perpetrated upon people who simply didn't know what was happening to them. If you bought your home from a major lender and they soon sold it to someone else who sold it to someone else then you were probably a victim of the scam. Just that simple.
Oh okay, I understand what you are saying now. That's not the case with my current mortgage. We got it from our local credit union and it's closed end 15 year home equity loan. I did the paperwork on it because I was working for an attorney doing loan closings at the time. And it was a deed of trust that we drafted in our office. That did happen when we first bought the house though. We went through a major mortgage company and a month later it was sold to Chase Manhattan...we had so much trouble with them that we decided to refinance with the credit union. Thank you so much for your advice! On the verizon thing....I forgot to ask, should I try do a pay for delete letter or just leave it alone, pay them and have it listed as a paid collection. It's showing from Verizon VA and not a CA.
In that case I'd say pay Verizon in cash at one of their company offices and they will probably list it as something like paid in full account closed by credit grantor.
