This is a list of credit items I need help with. I have been trying to dispute and build my credit through Lexington Law, but within the last few months, my credit has dropped very low. It went from the low 600â??s to Equifax 509, Transunion 510, and Experian 525. I need help getting back on track and getting my credit score up. As you can tell I had mid 700â??s score until 2009 when the market went bad and homes begin to foreclose, so all my personal rental properties went under. I've noticed when the creditors from the collection accounts adds interest or additional payments each month, my credit score decreases and goes down further. Tell me how I can fix this mess of mine, I know itâ??s a long road ahead, but gotta start somewhere. Chase â?? (Mortgage Account) Reported from Transunion. LAST REPORTED DELINQUENCIES: 02/2009=M5,01/2009=M5,12/2008=M5 ACCT INFO DISPUTED MEETS FCRA â?? As agreed with 0 past due amount. Should I leave this alone? Or is it hurting my credit scores? Ocwen â?? (Mortgage Account) I donâ??t know these folks, they just took over a delinquent account. Reported from Equifax and Transunion with a past due amount. EQUIFAX LAST REPORTED DELINQUENCIES: 06/2012=M5 REAL ESTATE MORTGAGE PAYING UNDER A PARTIAL PAYMENT AGREEMENT and TRANSUNION LAST REPORTED DELINQUENCIES: 06/2012=M5 PAYING UNDER PARTIAL OR MODIFIED PAYMENT AGREEMENT. EXPERIAN- OPEN ACCOUNT DELINQUENT 180 DAYS PAST DUE DATE LAST REPORTED DELINQUENCIES: 07/2012=M ,06/2012=M PAYING UNDER A PARTIAL PAYMENT AGREEMENT LAST PAID: What exactly does that mean because Iâ??m not paying at all, and how is it reflecting my scores? Portfolio Recovery â?? (Installment Account) Reported from EXPERIAN DISPUTE RESOLVED LAST REPORTED DELINQUENCIES: 09/2012=I ,08/2012=I ORIGINAL CREDITOR: FIA CARD SERVICES N.A. COLLECTION ACCOUNT LAST PAID: 08/2008 . How do I fix this? I donâ??t know the original creditor. BAC Home Loans â?? (Mortgage Account) Reported from Equifax, Transunion and Experian. It states late over 120 days and past due amount of 0. EQUIFAX LAST REPORTED DELINQUENCIES: 06/2011=M5,05/2011=M5,04/2011=M5 REAL ESTATE MORTGAGE ACCOUNT TRANSFERRED OR SOLD . TRANSUNION ACCOUNT TRANSFERRED LAST REPORTED DELINQUENCIES: 05/2011=M5,04/2011=M5,03/2011=M5. EXPERIAN ACCOUNT 120 DAYS PAST DUE TWO OR MORE TIMES TRANSFERRED TO ANOTHER LENDER LAST REPORTED DELINQUENCIES: 06/2011=M ,04/2011=M ACCOUNT TRANSFERED TO ANOTHER OFFICE LAST PAID: 10/2008 Bank of America. (Revolving Account) Reported from Equifax, Transunion and Experian. This is a collection account with a past due payment. EQUIFAX LAST REPORTED DELINQUENCIES: 03/2010=R9,02/2010=R9,01/2010=R9 ACCOUNT CLOSED AT CONSUMER S REQUEST CHARGED OFF ACCOUNT . TRANSUNION- ACCOUNT CLOSED BY CONSUMER . EXPERIAN- ACCOUNT DELINQUENT 150 DAYS PAST DUE DATE LAST REPORTED DELINQUENCIES: 09/2012=R9,08/2012=R9 CHARGE OFF ACCOUNT CLOSED BY CONSUMER LAST PAID: 11/2008 Bank of America (Revolving Account). States that itâ??s 120 days late with a balance of 0. EXPERIAN-ACCOUNT DELINQUENT 120 DAYS PAST DUE DATE TRANSFERRED TO ANOTHER LENDER LAST REPORTED DELINQUENCIES: 01/2010=R ,12/2009=R ACCOUNT TRANSFERED TO ANOTHER OFFICE LAST PAID: 05/2008 Bank of America (Credit Line) It states that the past due amount is 0 and paid as agreed. TRANSUNION- ACCOUNT TRANSFERRED LAST REPORTED DELINQUENCIES: 11/2007=C5,10/2007=C4,09/2007=C3 Capital One (Revolving). This a collection account with a past due balance. EQUIFAX- LAST REPORTED DELINQUENCIES: 01/2012=R9,12/2011=R9,11/2011=R9 CHARGED OFF ACCOUNT ACCOUNT CLOSED BY CREDIT GRANTOR. EXPERIAN- ACCOUNT DELINQUENT 150 DAYS PAST DUE DATE LAST REPORTED DELINQUENCIES: 09/2012=R9,08/2012=R9 CHARGE OFF ACCOUNT CLOSED BY CREDIT GRANTOR LAST PAID: 06/2009 GMAC (Revoling). This is a collection account with 0 past due. EQUIFAX- LAST REPORTED DELINQUENCIES: 05/2009=R9,04/2009=R5,03/2009=R5 CHARGED OFF ACCOUNT ACCOUNT CLOSED BY CREDIT GRANTOR . EXPERIAN- ACCOUNT DELINQUENT 150 DAYS PAST DUE DATE LAST REPORTED DELINQUENCIES: 06/2009=R ,05/2009=R CHARGE OFF ACCOUNT CLOSED BY CREDIT GRANTOR LAST PAID: 10/2008 GMAC (Mortgage) This is a foreclosure. Late over 120 days with 0 past due. EQUIFAX- LAST REPORTED DELINQUENCIES: 05/2009=M8,04/2009=M5,03/2009=M5 REAL ESTATE MORTGAGE FORECLOSURE. EXPERIAN- ACCOUNT DELINQUENT 180 DAYS PAST DUE DATE LAST REPORTED DELINQUENCIES: 06/2009=M ,05/2009=M CREDIT GRANTOR RECLAIMED COLLATERAL TO SETTLE DEFAULTED MORTGAGE LAST PAID: 10/2008 GMAC (Mortgage) Foreclosure reporting over 120 days with 0 balance. EQUIFAX- LAST REPORTED DELINQUENCIES: 05/2009=M8,04/2009=M5,03/2009=M5 REAL ESTATE MORTGAGE FORECLOSURE. TRANSUNION- FORECLOSURE REDEEMED LAST REPORTED DELINQUENCIES: 04/2009=M5,03/2009=M5,02/2009=M5. EXPERIAN- ACCOUNT DELINQUENT 180 DAYS PAST DUE DATE LAST REPORTED DELINQUENCIES: 06/2009=M ,05/2009=M CREDIT GRANTOR RECLAIMED COLLATERAL TO SETTLE DEFAULTED MORTGAGE LAST PAID: 10/2008 GMAC (Revolving) A collection account reporting 0 past due. EQUIFAX- LAST REPORTED DELINQUENCIES: 05/2009=R9,04/2009=R5,03/2009=R5 CHARGED OFF ACCOUNT ACCOUNT CLOSED BY CREDIT GRANTOR. EXPERIAN- ACCOUNT DELINQUENT 150 DAYS PAST DUE DATE LAST REPORTED DELINQUENCIES: 06/2009=R ,05/2009=R CHARGE OFF ACCOUNT CLOSED BY CREDIT GRANTOR LAST PAID: 10/2008 Greentree (Credit Line) This is a collection account with a balance. EQUIFAX- LAST REPORTED DELINQUENCIES: 05/2010=M9 REAL ESTATE MORTGAGE CHARGED OFF ACCOUNT TRANSUNION- ACCOUNT CHARGED TO PROFIT AND LOSS. EXPERIAN- LAST REPORTED DELINQUENCIES: 06/2012=M9,05/2012=M9 CHARGE OFF LAST PAID: 03/2010 Greentree Financial Corp (Mortgage). This states a mortgage, but the account is in collection with a past due amount. It also states itâ??s a joint contractual liability. I havenâ??t had joint accounts in years. EQUIFAX- LAST REPORTED DELINQUENCIES: 05/2010=M9 REAL ESTATE MORTGAGE CHARGED OFF ACCOUNT. EXPERIAN- LAST REPORTED DELINQUENCIES: 06/2012=M9,05/2012=M9 CHARGE OFF LAST PAID: 03/2010 Port Folio Recovery (Open). This is a collection account with a balance. EQUIFAX- COLLECTION ACCOUNT Saxon (Mortgage Account). This account was sold from another lender and it reports late over 120 days with 0 past due. EXPERIAN-ACCOUNT DELINQUENT 180 DAYS PAST DUE DATE TRANSFERRED TO ANOTHER LENDER LAST REPORTED DELINQUENCIES: 09/2011=M ACCOUNT TRANSFERED TO ANOTHER OFFICE LAST PAID: 10/2008 Wells Fargo Bank/WB R1. This account is in collection with a past due amount. Equifax reports this account as an installment, Transunion reports as a credit line and Experian reports as revolving. EQUIFAX- LAST REPORTED DELINQUENCIES: 09/2011=I9,08/2011=I9,07/2011=I9 CONSUMER DISPUTES AFTER RESOLUTION CHARGED OFF ACCOUNT. TRANSUNION- DISPUTE RESOLVED-CUSTOMER DISAGREES. EXPERIAN- LAST REPORTED DELINQUENCIES: 08/2012=R9,07/2012=R9 CHARGE OFF DISPUTE FOLLOWING RESOLUTION LAST PAID: 10/2008 Wells Fargo Home Mortgage (Mortgage). This account shows late over 120 days, Foreclosure and 0 past due. EQUIFAX- LAST REPORTED DELINQUENCIES: 07/2009=M8,06/2009=M5,05/2009=M4 CONSUMER DISPUTES THIS ACCOUNT INFORMATION FORECLOSURE. TRANSUNION- LAST REPORTED DELINQUENCIES: 06/2009=M5,05/2009=M4,04/2009=M3 ACCT INFO DISPUTED MEETS FCRA. EXPERIAN- LAST REPORTED DELINQUENCIES: 08/2012=M8,09/2009=M8 CREDIT GRANTOR RECLAIMED COLLATERAL TO SETTLE DEFAULTED MORTGAGE FORECLOSURE PROCEEDINGS STARTED ACCOUNT INFORMATION DISPUTED BY CONSUMER LAST PAID: 01/2009
Welcome to the community browndirt! I don't have time this afternoon (been a very busy weekend), but I'll begin reviewing all of this soon and let you know what I think. I just didn't want you to think that we were all ignoring your post .
I should quickly mention that additional interest/fees added to your collection accounts won't negatively impact your FICO scores. There are plenty other things going on here that are hurting your scores, but additional interest charges aren't the culprit. Of course, they can hurt the pocketbook, so they need to be watched closely too. Also, it's difficult to really give much insight or guidance based on the generic information below. I think a better way to tackle this would be to start individual threads based on each debt and any collection that relates to it which shows up on your credit reports. I know that might sound time consuming, but that way we can get into more detail regarding each account, what's already been done, and what your options are based upon your financial goals. Having everything in one thread will get really confusing over time. Anyway, here are some of my initial thoughts (actually mostly questions) on all of these derogs you're dealing with at the moment. 1.) 90-day lates or worse are real credit score killers and will continue to hurt your scores for a long time. Is this paid off now and in good standing? 2.) If they just took over this account, you will likely hear from them soon. When you do, DV them to protect your rights under the FDCPA. This account is hurting your FICO scores a lot as everything is so recent and the delinquency is 180 days or more. I can't say for sure why they are reporting that you agreed to a partial payment program. Maybe making no payments at all puts you in the same reporting category for them. 3.) Has PRS communicated with you at all? Do you intend to settle? 4.) This was charged off and then probably sold to a CA. Do you know who owns the debt now? 5.) Same thing as #4 6.) Same things as #4 and #5 7.) Wouldn't worry too much about this one right now 8.) Looks like Cap One charged it off and sold the debt. Do you know who the CA is? 9.) Have you tried disputing any inaccuracies on this one through the CRAs? 10.) Not much you can do here. 11.) See #10 12.) I assume this is a credit card debt? Did you already pay it off, or where is the debt now? 13.) What's the balance, and are they coming after you for it? 14.) I assume this is the 1st mortgage and #13 must be the 2nd for the same property. What communication have you had with the lender thus far regarding the deficiency balance? 15.) Any correspondance for PRS? If so, have you DV'ed them? 16.) This looks like another credit line secured by a rental property. Is that correct? 17.) And this is the 1st mortgage for the same property as in #16?
I know this is a lot to chew off in one sitting, so I will eat the elephant one bite at at time. In reference to the first item on the credit report: Chase – (Mortgage Account) Reported from Transunion. LAST REPORTED DELINQUENCIES: 02/2009=M5,01/2009=M5,12/2008=M5 ACCT INFO DISPUTED MEETS FCRA – As agreed with 0 past due amount. Should I leave this alone? Or is it hurting my credit scores? It's only showing up on my transunion report. It shows paid as agreed with no past due amount, but the delinquent information is still there. Is there any way I can get this off the report?
