Hey guys, I sent out DV letters a month and a half ago and I still havent received anything back from majority of the CA. Can I dispute this with the CRA? Stating that I requested DV and I haven't gotten any response but they are still reporting this account?....
Yep, dispute away and provide any proof you have to show that you requested the DV during the appropriate timeframe (within 30 days), never received a response, and they are still reporting onyour credit reports.
Thanks! I already went to Experian to make my disputes online. Will this way be effective or should I mail in all the documentation that I have?
So...I took your advice and in addition to making the online dispute, I mailed in all the documentation I have! Im keeping my fingers crossed that this works in my favor and this crap gets removed. Also I was approved for a secured Capital One card. I plan on using this mainly for gas or any purchase thats under $100. What do you guys think about that? Will having that card help my score any? I know over time it will help my credit worthiness if used properly.
Yes- the Capital One Secured card will help improve your credit scores as you continue to build positive payment history. I'm not sure what your credit limit is, but make sure you keep your credit utilization at 10% or less.
My limit is really low, I can't complain though..at least someone has given a chance to re-establish my credit. The limit is $250 for now, will it hurt if I use at least $60 to $80 a month for now?
Keep your credit utilization ratio at least under 30%, so I wouldn't suggest using more than $75 of your credit limit at any given time.
Ideally credit utilization is 1-9%. This is actually better than 0% because is shows you can use credit and be responsible at the same time. Under 30% is considered "ok" , just not ideal. Its good to establish payment history early, as it takes time to build that up and it makes up the largest percentage of your FICO score. I messed up and had several months of 0% balances after I paid all of my old credit card debt off. Instead, I should have immediately started building payment history. You live and you learn...no?
