Saw my C-Report - Bad- what to do

Hey, Missig, can you turn on your e-mail, please?

 

Hi Missi -

Sorry to hear that. I know how excited you've been to get started after the discharge. I'm sure everyone here will be able to help out. Start posting your questions!

 

If I had to go to a blank CR to get rid of all negitives I definately would. On the positive TLs if they are still open and you use them I believe when the company reports them next they will come back. If they are all closed, then you would need to start over. In any event good luckand remember any credit problem can be solved!

 

It starts with demanding validation every time. Its best that you do your homework and know how to use it before you ever start. If you fail to do your homework its not likely to help you much no matter how many validation demands you send out..

 

Everone on here has felt just like you at one point or another. I know I have. I stayed awake at night worried about my car being repoed, paying the electric bill, not answering the phone for bill collectors. Just be glad that BK is over. You will bounce back. You may have to look at a sub-prime card and start building. I was just glad to hit 500 a month or two ago. It seems like forever but, it won't be so bad!!

Cheer Up!
Lucky

 

That's not necessary at all. Once you get rid of all the derogatories that are possible to eradicate you can go out and get 3 bank loans, pay them off in 12 weeks and come up smelling like a rose.

While you can use the subprime cards to get some credit it usually turns out to be pretty expensive to do so and all lenders know about the subprime cards so they are just about as poor a credit reference as are the finance companies. Not really that good at all.

Getting 3 banks to say you paid them on time will get you a whole lot more mileage than subprimes will. On top of that you don't even need any credit references at all to get the three bank loans.

 

I've never seen that one in the list of reasons for dispute in the list of dumb reasons to dispute the credit bureaus provide to consumers. Maybe I just missed that one. I think I've only seen the "10 dumb reasons to dispute" list from one creditbureau so maybe that reason is from one of the other credit bureau lists I haven't seen. I don't really remember how many reasons the suggest you use in your disputes in the list I saw, maybe 10 and maybe more, maybe less. Whatever.

Yes, that would seem to me to be a good thing to try to do.

What would be your reason for doing it that way instead of just sending out the validation letter first?

 

Re: Re: Saw my C-Report - Bad- what to do

To eliminate any where the CA/OC have no record or are not going to validate (ie get the easy ones off first).

 

Re: Re: Saw my C-Report - Bad- what to do

I have a question about the 3 bank loans. Are you talking about secured bank loans? It won't matter if the bank lists your loan as secured on your credit report? I can't imagine that you would be talking about unsecured because I don't know any bank that would take a chance and give me a loan at all.

Luke
mid 500's

 

Re: Re: Saw my C-Report - Bad- what to do

Well, I see that you may have a little lesson to learn that just might prove very beneficial.

A billion lemmings will die if they blindly follow the leader into the ocean. Don't ever believe that a billion lemmings can't be wrong if they follow their leader.

So just because you read where "everybody" says to first dispute using that which obviously untrue in your case as a reason for the first dispute does not make it right nor does it make it the correct thing to do. What I learned a long time ago was to look before you leap and be absolutely certain that yo are going to land on solid ground, not a quagmire.

While flying through the air with the greatest of eaze may be a fun thing to do, that sudden stop at the bottom will get you more often than not.

Let me ask you something. If you read the Fair Credit Reporting Act does it not say that providing false information to a credit bureau is a federal offense? And yes, I am well aware that that portion of the law was written to apply to collection agencies providing information to credit bureaus and not consumers. However, how many people do we have in our federal prison system who are there because some prosecutor needed another feather in his prosecutorial cap. How can one be sure that he may not get into some kind of problem later down the road and get a charge of lying to a credit bureau laid on him?

Yes, I am also well aware that out of millions of people who use the "not mine" or other such routine they know to be patently false as an excuse to demand investigation and not one has ever even been so much as chided for it, if anything can go wrong it will and at the worst possible time.

I am also well aware that the credit bureaus even encourage you to do just that. So is it safe? Probably. And I am well aware that I am just one old goat who just isn't into the modern way of life, but deliberately telling fibs just isn't my way of life. And if something don't make good common sense to me then I'm not very likely to take things on faith alone. I want to know the why, the where and the how of the matter.

But to me telling the credit bureau it ain't mine when I know darn good and well that it is just don't cut no ice with me. Others can tell all the deliberate lies they want to. That is their problem, not mine. But it just isn't for me.

And while I might just be wrong yet once again, if I remember correctly the law also says I don't have to give them a reason to dispute. If I remember correctly it says that all I have to do is to tell them that I believe there is incorrect information and that they have to investigate it for whatever that may be worth although I am firmly convinced that dung beetles in Africa do a far more thorough investigation into matters than the credit bureaus do.

May I respectfully suggest that for your own good you do your homework and when you see someone make some suggestion that you stop and think about it first and the very first thing that should pop into your mind is this.
Does that make sense?? If it don't make sense to you then maybe you ought to dig just a bit deeper into the matter before you try leaping tall buildings with a single bound. If you don't you just might stub your toe on the upper railing.

 

Re: Re: Saw my C-Report - Bad- what to do

Oh, I can understand that. After all that makes some sense because according to national statistics those who dispute with credit bureaus have about a 40 to 50 percent ratio and it don't seem to make much difference whether they do it themselves or pay some credit repair firm to do it for them.

Since statistics works the way it does, that means that some people will have 100% success, some will have no success at all and some will fall somewhere in between. Of course, I don't know whether the researchers used the bell curve or multiple regression or what to arrive at their figures either. Maybe just a straight arithmetic average of a certain number of people polled. Makes little difference.

But hard experience tells me that it can take up to three or four months to get the answers back from the credit bureau and even if the reporter of the derog don't get his reply in time it can and often comes back later when he does finally confirm. That happens sometimes too and then one can either dispute again or yet again and again attempting to get it off once and for all or one can seek other means more likely to produce the desired results than do those methods which may or may not produce a 50% result.

If one has no really specific purpose in mind such as buying a home or needing a car in the near future then I suppose that half success and half failure may be good enough.

 

Re: Re: Saw my C-Report - Bad- what to do

Yes.

Many banks just don't make that distinction on the reports. Just a chance you have to take but either way you paid them off in a timely manner so it has to be a reasonably good trade line. Far better than a bunch of derogs.

 

Re: Re: Re: Saw my C-Report - Bad- what to do

I am always the contrarian in the crowd for the very simple reason that following the crowd will always lead you to the same fate or reward that the crowd encounters. If I can determine in advance what that fate or reward might be then I look for other avenues that might lead to better results since I already know what the probable outcome will be.

Its called "thinking out side the box" or doing the unexpected. Works for me.

 

Re: Re: Re: Re: Saw my C-Report - Bad- what to do

It's been said that on CN the advice is usually about 65 - 70% correct and 30% incorrect. So I decided to do what 60-70% of them told me to. (Today my average score is over 780 because of it).

If Missi can get the same results that the "crowd" around here has gotten, she'll be in good shape.

Bill's right about one thing, he is the contrarian.

~

 

Re: Re: Re: Re: Saw my C-Report - Bad- what to do

Maybe so Butch. But you didn't get to any 780 because you followed the advice of the crowd. You got there because you blindly took the advice you found and went out and tried it. You took the advice and you thought about it and you checked it out, you studied and then you carefully tried it out. You went to other boards and you checked out the laws they mentioned to see if what was being said seemed to fit within what the law said. You didn't just blindly follow the advice of any and all.

You have pretty well proven my point by bringing "new" information here that held most folks in awe of your prowess. You didn't do that by just blindly following 60 to 70 percent of the advice on this or any other board.

What I'm trying to tell her is that you have to do your homework, you have to study and you have to think about what is likely to happen if you use given idea or piece of advice. I'm trying to tell her an anyone else that no matter how good someone's advice may seem it is best to sleep on it a bit and think about its probable outcome before you use it.

The best advice of the best advisors just might not fit your particular situation either.

Treat each new bit of information as you would a stop sign while driving. Stop, look, listen, think before you step on the gas. Studying that drivers manual don't hurt any either.