HI. I am new to this. I just pulled my transunion credit report and I am shocked. My credit score is 439 with them. I knew it was bad, but had no idea that it was that bad. Please help me figure out the best way to proceed. These are my derogatory Accounts: FST Premier account closed by consumer 1x 60 days 1x 30 days Chase Mortgage Foreclosure Initiated This is an account that I have a wrap around mortgage agreement with someone one. She has not made her monthly house payment to me since August and I just recently had to pay $5,400 to stop the foreclosure on my mortgage. She filed Chapter 13 for bankruptcy protection so I am awaiting to see if I can foreclose on her to get her out of the house so that I can sell it. Any suggestions to help my credit out with this will be greatly appreciated. Cingular Charged off as bad debt NAFCO (car loan) 1x30 days late Intuition (student loan) 5x90 days late. I didn't realize this account had been late at all. Providian $0 balance 1x60 days late 1x30 days late Providian charged off as bad debt acct closed by credit grantor Central Loan Mortgage Acct 1x90 days 2x60 days 1x30 days I do not know what that account is. I have never heard of this company. Collection Record: NCO - Bellsouth phone service balance 684 collection account LSCT ( student loan ) 4x90 days balance $0 I was not aware that I was late on this account. I thought all of my student loans were in deferrement until last year ( which I have paid on time since then) First Card Balance $1762 Charged off as bad debt I don't know what this is. Says joint account could be something from divorce 7 years ago. NATLCRSYS (Apartments) Balance $2800 Says filed chapter 13, which I did not. I filed chapter 7 in 1998. Atlanta Gas Balance $115 closed 01/1999 Market Street Mortgage This is the same account as the other mortgage account that is in the wrap around mortgage as listed above. 2x90 2x60 5x30 balance: 0 making partial payment agreements Chevy Chase Balance from reposession in 1998. $2645. charged off as bad debt mercury finance Automobile Repossession Payment after Reposession Closed in 1997 I do have several pages of good credit as well, but these are my many, many, many derogatory accounts. Please help me get some ideas on where to start and how to correct some of the issues. Thank you.
My husband had a few "incl in bk" TLs from First Card- disputed them as "not mine" and they were deleted. First USA took them over a few years ago...doesn't seem like they want to bother with investigating old First Card accounts.
Thanks!! So, I file the dispute with TU and then wait until I hear a response from them???? How long does that normally take? If I do not hear anything, what should be my next step?
The credit reporting agencies have 30 calendar days to investigate items you dispute. They are supp. to contact each creditor you're disputing and ask them to verify the information they're reporting. If the creditor says "yep that's right"- it remains. If the creditor doesn't respond to the CRA, the item is deleted. On the rare occasion they admit the info is wrong, they'll change it. So, by law, they have to respond to you after the 30 days is up. Have you checked your other reports as well? Experian? Equifax?
Forgot to mention- your first step should be contacting TU and disputing ALL of your old address- have your current one show as the only address on file. Why? Makes it harder for the creditors to verify the negative accounts when the addresses don't match.
I went online to see if I could pull a free credit report from Experian and Equifax, but I didn't see anything where I could do that. Do you have any recommendations for pulling both of these. Should I go through one of the credit monitoring services while I am trying to do this or is it best to just call and have them mailed to me from each company. I know with transunion they let me pull the first two free ( I live in GA). I thought Equifax allowed me to pull at least one free per year and if I was turned down for credit I could get another one mailed to me. I am not sure about the other CRA. When I pulled my score from Equifax it was a little better. It was 558. Not great, but certainly better than 439!!! Any ideas are greatly appreciated!!
Most importantly, if disputing a BK, judgement, or any other court filing, always get the address the case was filed under removed before you dispute the filing itself. If you are still at the same address, get a new one, even if its a friend's or family member's house and make sure all of your reporting creditors are informed of the address change. You do not want them re-reporting your deleted address. If an address is confirmed by a CRA for a disputed court filing, you will have very little chance of ever getting it removed.
Hey ryder... I'm trying (well, thinking about it) to dispute my 94 bk. I know the worst that can happen is that it gets verified. Don't mean to hijack, but it is relevant to bk. Questions: TU: Name is TOTALLY different. Address at time of filing isn't on report either. SS matches of course. Good chance at deletion? Use NOT MINE approach? EQ: Name is on file as a previous name used. BUT address isn't on file. Should I even bother? Last time I gave csc my name change info, they disputed accounts on their own to make sure I was telling truth. None of the accounts on report show old name...ever. Can't remember if I wrote them about bk, though. I think I have. Didn't send any docs though. Thanks, ryder adn all.
