I've been away from the board for a while but working hard to clean my reports. I refinanced my house from an outrageous 12.65 to 8.00 and paid off a Cap 1 charge off. Cap 1 finally updated my Equifax report and my score shot up from 642 to 689! Now I just need to get the other two CRA to update their files. Happy day!
Cap 1 seems to be very slow at updating their accounts. I closed two accounts with them the beginning of December, and I just finally put them in dispute just to get them updated properly.
Congrats! How did cap1 report it after you paid the charge off. Is it now a paid charge off or did you get them to make it a positive tl. Just curious because I am also getting ready to try and settle with cap1 on a charge off.
Did you negotiate your credit reporting when you paid the charge-off? Or did it go up almost 50 points- just for getting paid?
I tried to negotiate it to a positive TL- but it was no go. I had to pay it off when I refinanced so I was really in no position to bargin.
Wow- that is good to know. I am in the same position, I will need to get this cleared up soon, I did not think that having it remain on CR as negative-paid, would make the score jump up that much.
I actually got my current report from Equifax yesterday and there are a couple of other items that were changed as well. I did not realize this at the time. One was a old balance that was showing for Neiman Marcus. The TL was showing as postive even though I had included it as part of a BK7 I did in 4/96. I hesitated to dispute it because it was not showing as part of BK7 and the balance was only 186.00. It is now showing balance 0 and still positive. The other biggie was a mortgage with chase that was showing a bunch of lates and a foreclosure started notation. It was showing twice, one with the negative notes, the other positive with no lates. Again I wanted to dispute the negative one but was afraid that it would result in the positive TL being removed. I recently refinanced and had just requested they show the balance as zero. instead they just deleted the negative TL. The positive one is still showing a balance. Now I don't know if I should dispute the balance or not! I'm afraid it might lower my score. Any ideas or advice?
I have had great luck with EQ also. My score on 12/31/02 was 557 and I checked yesterday it is now 671. I have managed to get 3 collections and 2 c/o accounts deleted (including First Premier). I was surprised at the jump in score because I still have an unpaid judgement, 3 collections and 2 charge offs. Now if I could only get TU and the "EVIL" EXP to cooperate, i would really be doing something.
Equifax seems to have been the easiest, then tu and lastly EXP. The one thing I can't seem to get removed is my BK7 discharged 4/96. I disputed it during CHOD but it was verified on all three CRAS.
Hi. I read that you had your chase account past problems changed. Did you just dispute with the CRA or did you contact Chase directly? I have a wrap around mortgage with someone and my original mortgage is with Chase. The person in the home has not paid her payments to me on time and I do not have the money to pay both of my mortgages (biggest mistake I ever made). I really need help with this account. It shows several 90+ days past due and foreclosure started. Any help would be appreciated.
It was really just luck-- I had my loan with Chase and ran into some problems with payment a couple of years ago. I was able to "modify" my original loan with Chase to bring it current. Basically I paid a portion of my past due balance and they taked the rest to the back of the loan. This allowed me a fresh start. When the modification occurred, my credit report basically looked like I had a new loan with Chase. The other one was the old one with all the lates and negative notations. In December I refinanced my loan with a different lender. When the loan finally showed on my report, I also noticed that Chase had not closed my other loan to show paid in full, zero balance. I disputed it online and lo and behild the bad TL with Chase got deleted. The other positive TL with them is still showing open with a balance. Hope that helps...
