Hi everyone, I am just getting started on repairing my credit. I will only start with a few questions. 1. Got a preapproved CC offer in mail, called them and they did a HARD PULL on my TU, is this allowed with preapproved CC offers or not? 2. What is the best way to deal with 30-60-90 day lates that are over 4 years old, contact the CRA or the CC company with a good will letter? Going thru bad divorce at that time!!! 3. I have some things on report that I do not recognize at all, dispute these as "no knowledge of" or "not mine"? 4. Is it really true that if I only have a cell phone I will always be declined for a CC company? 5. On a joint account with hubby that I think is hurting my credit. $24,000.00 revolving credit line, which is being used 100%, should I think about removing myself from this account to improve my credit? Hope I abbreviated everything right!!! New here and just learning the logo. Thanks for the help!!! Hope I did not overwhelm.
1. Got a preapproved CC offer in mail, called them and they did a HARD PULL on my TU, is this allowed with preapproved CC offers or not? YES, READ THE FINE PRINT. I WOULDN'T APPLY FOR ANY NEW CARDS UNTIL YOU HAVE COMPLETED THE REPAIR PROCESS. INQUIRIES AND DENIALS FOR A LOW CREDIT SCORE WILL ONLY HURT YOUR CHANCES OF GETTING A NEW AND BETTER CARD IN THE FUTURE. 2. What is the best way to deal with 30-60-90 day lates that are over 4 years old, contact the CRA or the CC company with a good will letter? Going thru bad divorce at that time!!! DISPUTE AS "INACCURATE, NEVER LATE, PLEASE VERIFY". MAKE THE CRA'S DO THE LEGWORK OF VERIFYING THE LATES. OFTEN THEY CAN"T, ESPECIALLY ON OLD, CLOSED ACCOUNTS. I HAVE SEVERAL OLD, CLOSED ACCOUNTS ON MY CREDIT REPORT THAT ARE REPORTED AS "NEVER LATE" EVEN THOUGH IN FACT THERE WERE MULTIPLE LATES. 3. I have some things on report that I do not recognize at all, dispute these as "no knowledge of" or "not mine"? YES, DISPUTE AS "INACCURATE, NOT MINE, PLEASE VERIFY". IF IT'S AN ACCOUNTANT IN GOOD STANDING THOUGH, DON'T TOUCH IT UNLESS IT IS CARRYING A BALANCE. OLD ACCOUNTS IN GOOD STANDING IMPROVE YOUR SCORES. 4. Is it really true that if I only have a cell phone I will always be declined for a CC company? NEVER HEARD THIS BEFORE, BUT IT MAKES SENSE. 5. On a joint account with hubby that I think is hurting my credit. $24,000.00 revolving credit line, which is being used 100%, should I think about removing myself from this account to improve my credit? YES. CALL THE BANK AND GET YOURSELF REMOVED (IF THEY LET YOU) AND REQUEST A LETTER VERIFYING THAT YOU HAVE IN FACT BEEN REMOVED FROM THE ACCOUNT. THEN DISPUTE THE ACCOUNT AS "NOT MINE, PLEASE REMOVE".
