Hello- I know this will be a little long , so thank you in advance for your time. --Ok, after having terrible credit my whole life essentially (although never getting to deep b/c noone would ever give me credit) I decided to try to clean up my credit a little over a year ago. My score was just over 500. I started by getting all 3 reports. They were definitely a mess . They had about 14-15 negatives on each one. The good news is they only totaled about $5000. Most of them were at least 5 years old as I have not had an issue since I started at a decent job about 5 years ago. All debts were mine except eq and ex had a credit card debt of like 10 grand that was not mine . So I started contacting them one by one and figuring out what they wanted me to pay to get to a zero balance. I got the ironius card debt taken off wth one letter. I came to a grand total of $3000 dollars to pay everyone off. I (with help) got a personal loan (secured) at my local bank and used that to pay everyone off. I then sent 300 bucks to capital one and got a secured card. I also was able to get a small car loan for about 8 grand. I figured the best course of action was just to make good payments on those three things and my credit should go up. So, for a year now i have made double payments on bank loan, made good on time payments for car loan, and capital one actually gave me an unsecured card with a 500 dollar line, which they recently upped to $2500. So with capital one doing that I thought certanly my credit must be shooting up. Well, I checked it today through credit sesame, and to my horror my score is still only a 588!! I just went to annual credit report and got my equifax report- and it looks fairly accurate. It shows zero balances on all those accounts I cleared up.It shows good staus on all my new stuff. The only new thing on there is a 200 dollar balance that i disputed in writing (and is not my debt) but they siomehow still got it on ther. I'm at a complete loss as to why i cant get my score to something above very poor. Any help would be most appreiciated. Thanks for reading and in advance for any help.
Has the above debt been removed from your report? Also, have you heard back regarding the $200 dispute and was it validated? And finally, how close are the old debts to falling off your report? Check the date of first delinquency on each one, and keep in mind that 7 years from the DOFD those old debts will fall off your report, which should give your score a boost. Even though they've been paid off, having the negative activity on there still does harm to your score.
yes the big credit card debt was removed from both. i believe the 200 debt was validated although I'm not sure how to tell that. negative accounts, dates.-closed barclays bank -- balance, zero--date opened-12/18/2005 date reported 3/18/2012(charge off) hsbc bank -- balance zero-- date opened12/18/2005,date reported 3/18/2012 (charge off) capital one balance,zero-- date opened 6/13/2005 (paid) lvnv funding-- balance ,zero date opened 9/23/2011 date reported 4/18/2012(paid) verizion wireless--balance zero date opened 8/16/2007 date reported 3/16/2012 (paid) COLLECTIONS- A-1 collections--g.v. hospital -high bal $4389--paid in full--date assigned 9/2009, date reported 4/2013 A-1 collections balance $113 date assigned 8/2007 date reoerted 4/2013 bonded business services-- balance $269 date assigned 2/2013 (new one) enhanced recovery group-balance $83-dish network -date ssigned 8/2010 date reported 9/2010 public records- 1 satisfied judgement for the 5000 dollar medical bill this is what i'm seeing on there, did i screw up a year ago in paying them off thus re-opening the dates somehow? I'm really at a loss on what to do , i spent a hundred hours or so last year going through this and sending dispute letters and what not. Thanks again for your help.
ok i see dofd 's now- barclays-02/2008 hsbc- 01/2008 cap 1-01/2008 lvnv-11/2011 verizion-06/2010 a1-02/2009 a1-06/2008 bonde bs-05/2010 enhanced-12/2006
No, paying them off has nothing to do with the Date of First Delinquency. This date never changes unless you catch the account up (but not paid off in full) and then fall delinquent (never to catch up again), again. barclays, HSBC, and C1 all would normally fall off in the beginning of 2015. Just add 7 years from the DoFD. As Jason said, even though they're paid off, a negative is a negative is a negative and just one 30-day late can tank a score. In the cases of the paid off accounts, you may want to try goodwill LTRs to the OC's. You'll want to research e-mail or mailing addresses of the more prominent employees like Presidents/CFO/CEO and send your request to them.....likely their secretary sees it and it gets handed off to someone else but it's a far cry from just sending it to customer service. Depending on your states SOL, those older open ones may be past the SOL at this point. If so, sending a DVL is less risky than to one where it just went delinquent 3 months back. In sending one, you may just get lucky and get a deletion out of it.
