Of course. Not doing so is dangerous. However, I will still encourage you to look around and find a company that you're totally comfortable with. There may well be some other company which will offer you a better deal.
im not so much worried about saving a couple of dollars as i am of wasting the money entirely. for a few dollars more i would rather be sure of what im getting. Also after reading on various site about the tradelines, it seems some of them remove the name after 45 days or 60 days or whatever. That being said how does someones score stay high or in my case how will it stay high until June of 2008 if i do it now? I really seek some credit utilization improvement above all else. perhaps this is another thread in itself.
We can't speak for other companies but, removing you from an account as a user doesn't have any effect on the way it reports. While that seems counter-intuitive, it is true. That is too say, simply because you are removed does not mean that it will be deleted from your reports. It is like being added to an account which defaults inasmuch as you can call the creditor and be removed. However, unless you dispute it through the credit reporting agencies the tradeline will remain. Same applies to positive additions. The truth is that companies such as Citibank, Chase, Discover, etc., are not going to go through each and every account and look for user which have been removed and then delete the entries on credit reports. It is too cumbersome and money wasted. If they are contacted about through the credit reporting agencies then yes, they will delete the entry. However, that job is already being covered by the persons receiving the ACDV forms anyway. No harm, no foul. Personally, I wouldn't be concerned about a company stating that this is their policy so long as they agree in writing to refund your money should the account not report or disappear. The most important thing to look at is their track record. Reluctance and skepticm is a good thing when looking to engage a company like this. Despite contrary opinion, there are legitimate companies with good records and credentials. There are many, many which are aren't but, that applies to any business. With that said, there are also people who hate CSO's and attorney's simply because we turn a buck. They don't care that we operate under the law and provide a valuable service. There are a few of those people here and they will resort to juvenile means in an attempt to defame us and cast us in an unfair light. Whatever . . . In any event, do your due diligence. Any tradeline you do purchase should last for ten-years past the date that the account is closed insofar as credit reporting agencies typically allow positive items to remain for ten years past the date of closure.
Just following up. I finally got through to EQ (tried 3 times and got disgusted and hung up). According to the CSR in their fraud department I don't have a split file and the address difference alone wouldn't be enough to keep the accounts off my report. Hmmm, she suggested calling (actually having my dad call) Chase and Discover to ensure they are reporting to EQ. Daddy already did this last week, so I don't know whether just to wait a little bit and see or have him call again.
I don't know either . . . very strange. The CSR is wrong about the address discrepancies for whatever that is worth. I'd say hold tight for a little longer.
