I reported a few days ago that I'm paid off (excluding my federal student loans) (A) and that I'm going to be repairing my credit report. I know these things take time, and I have a few questions regarding some of the letter writing processes. 1. Are there NEGATIVE ramifications to attempting to get inquiries removed via the Inquiry Dispute Letter? How many accounts do you propose I could dispute inquiry for in a single letter? I believe the Forum suggests 4. You all agree? 2. This is a biggie for me - I convinced the offending University to pull my student loan from the collections it was sent to (Ohio Atty Gen) and back to the University's own department after a year of diligently paying the AG. Is there a way to possibly get RID of the collection account on my record period? What is the best way to go about achieving this? If I have been too vague, let me know, I'll post more discussion about this. As of today, my credit report is showing TU-16, EX-10, EQ-16. I am also following the idea of soft inquiries bumping the hard ones, and I've been pulling a report every day. I haven't noticed any drop offs yet, but we'll see. Anything I could do in a Guerilla-esque fashion or so in addition to what I'm doing? I cannot for some reason either find a date for how long things like old closed TL's and such stay on the report. I thought it was 7 years...? Thanks everybody! Here's to fixing my credit report! Let the games continue. refs: (A): http://consumers.creditnet.com/Discussions/credit-talk/t-my-cards-are-paid-off-now-what-66325.html Antelope
I started fixing stupid info mistakes today with TU and EQ. Address corrections, employment, etc. Any suggestions? Comments?
You're starting with the right actions; 1) Pull and review all credit reports, 2) Remove all old addresses 3) Many suggest "Opting Out" to prevent selling of your information, which prevents collection agencies, and so forth from making hard inquiries. For your situation you may consider this action. 4) There are really no negatives to disputing inquiries. You can make more than the four suggested on the form. You can also dispute them on line as well. 5) "Bumping" hard inquiries with "soft pulls" of your own credit report does work, but it does take time and diligence. Daily pulls for 30-60 days is required to show results. There does not seem to be a hard formula for when the hard inquiries start falling off, but again, many people have had success with using daily soft pulls. 6) Your student loan should not be listed as a collection account, if the school has pulled it back. I would dispute the tradeline (as "Not Mine"), and await results. If it comes back verified, then you will have to take other measures.
Bizwiz: Thanks for the info! I tried to log into the AG's site today to see if my student loan was officially not there anymore - and I am happy to report that I cannot even log into the site any longer! My question is this: How long should I wait (if at all) to start filing the "not mine" claim on this account that is no longer in collections? Should I do this now? Is there some sort of data cooling off period I should be aware of? I have paid off this account in full WITH the school and not the AG. Thanks! Antelope
In addition: Is there a good fundamental approach I should use when trying to dispute this collections account? You mentioned "Not Mine" but I cannot find a good sample of this approach. This is rocking my world. Every day I wake up and I am excited about what I am doing. Antelope
