topic Re: Confession in Rebuilding Your Credit

Confession

NY_Beauty — Tue, 04 Dec 2012 23:18:07 GMT

I am really overwhelmed by this whole credit score and report stuff. I look at my CR and still can't make sense of much of it. Although I have a few degrees I feel like an idiot. I do wish I could pay someone to at least tell me what to do because I am lost.

:smileysad:

Re: Confession

Davidngo — Tue, 04 Dec 2012 23:20:41 GMT

Post your credit information up on the boards, but ensure you block out and personal information. This board has done wonders for many individuals like us.

Re: Confession

webhopper — Tue, 04 Dec 2012 23:27:00 GMT

NY_Beauty wrote:
I am really overwhelmed by this whole credit score and report stuff. I look at my CR and still can't make sense of much of it. Although I have a few degrees I feel like an idiot. I do wish I could pay someone to at least tell me what to do because I am lost.

:smileysad:

Hi and welcome to Myfico forum!

Start with pulling your FREE Credit Report's from annualcreditreport.com. They tend to have more info on them than ones from a 3rd party. The Credit Reports from annualcreditreport.com, come directly from each of the CRA's. You can pull 1 Free Credit Report from TU, EQ and EX every 12 months.

Save your money and Don't Buy the Scores, they are what we call FAKO's.

I am going to suggest that you start the journey by reading the following threads:

What Steps Do I Take?

That will give you a great place to start! Also you want to opt out first before contacting these creditors... to opt out go to: www.optoutprescreen.com

The next advice I can give is to contact and deal with each creditor one by one. If you wake all the sleeping bears at once you may not be able to deal with them fast enough to avoid a judgment being filed. Best of luck and if you use the search function to search for each of your creditors you can see how others have dealt with them successfully in the past. Best of luck!

Re: Confession

awdsmama — Tue, 04 Dec 2012 23:54:12 GMT

I think most of us felt that way in the beginnng and heck I know I still do.

You'll "meet" lots of nice people on here that give great advice.

best of luck to you!

Re: Confession

NY_Beauty — Wed, 05 Dec 2012 00:14:43 GMT

I have my reports and I "opted out". Tomorrow I will read the rest. Still feeling overwhelmed but at least I did something instead of complaining for feeling sorry for myself. In such a funk but know it could be worse. I will share my report...

Here's what I'm looking at...

NY_Beauty — Wed, 05 Dec 2012 00:28:40 GMT

I really have to look some old checks. I am certain that I paid some of these off with the CA in 2011... The OC (cap one) is still reporting.

CAPITAL ONE

Status: Closed. $1,047 written off.

Status Details:

This item was updated from our processing of your dispute in May 2012.

Date Opened:

05/2005

Reported Since:

06/2005

Date of Status:

08/2010

Last Reported:

08/2010

Type:

Credit card

Terms:

Monthly Payment:

Responsibility:

Individual

Credit Limit/Original Amount:

$500

High Balance:

$1,047

Recent Balance:

$0 as of 08/2010

Recent Payment:

Creditor's Statement: Purchased by another lender.

Payment History:

Account History:

Charge Off as of Jul 2008 to Jul 2010

150 days past due as of May 2008

120 days past due as of Apr 2008

90 days past due as of Mar 2008

60 days past due as of Feb 2008, Jun 2007

30 days past due as of Jan 2008, May 2007

CAPITAL ONE

Status: Account charged off. $1,011 written off. $1,798 past

due as of Dec 2012.

Status Details: This account is scheduled to continue on

record until Jun 2014.

This item was updated from our processing of your dispute in

May 2012.

Date Opened:

04/2002

Reported Since:

05/2007

Date of Status:

04/2008

Last Reported:

12/2012

Type:

Credit card

Terms:

Monthly Payment:

Responsibility:

Individual

Credit Limit/Original Amount:

$500

High Balance:

$1,798

Recent Balance:

$1,798 as of 12/2012

Recent Payment:

Creditor's Statement: Account closed at credit grantor's

request.

Payment History:

Account History:

Charge Off as of Dec 2012, Nov 2012, Oct 2012, Sep 2012,

Aug 2012, Jul 2012, Jun 2012, May 2012, Apr 2008

150 days past due as of Mar 2008

120 days past due as of Feb 2008

90 days past due as of Jan 2008

60 days past due as of Dec 2007, May 2007

30 days past due as of Nov 2007

Balance History - The following data will appear in the following format:

account balance / date payment received / scheduled payment amount / actual amount paid

Nov 2012: $1,798 / August 25, 2007 / no data / no data

Oct 2012: $1,798 / August 25, 2007 / no data / no data

Sep 2012: $1,798 / August 25, 2007 / no data / no data

Aug 2012: $1,798 / August 25, 2007 / no data / no data

Jul 2012: $1,798 / August 25, 2007 / no data / no data

Jun 2012: $1,798 / August 25, 2007 / no data / no data

May 2012: $1,798 / August 25, 2007 / no data / no data

Apr 2012: $1,798 / August 25, 2007 / no data / no data

Mar 2012: $1,798 / August 25, 2007 / no data / no data

Feb 2012: $1,798 / August 25, 2007 / no data / no data

Jan 2012: $1,798 / August 25, 2007 / no data / no data

Dec 2011: $1,798 / August 25, 2007 / no data / no data

Nov 2011: $1,798 / August 25, 2007 / no data / no data

Oct 2011: $1,798 / August 25, 2007 / no data / no data

Sep 2011: $1,798 / August 25, 2007 / no data / no data

Jul 2011: $1,798 / August 25, 2007 / no data / no data

Jun 2011: $1,798 / August 25, 2007 / no data / no data

May 2011: $1,794 / August 25, 2007 / no data / no data

Apr 2011: $1,752 / August 25, 2007 / no data / no data

Mar 2011: $1,752 / August 25, 2007 / no data / no data

Feb 2011: $1,732 / August 25, 2007 / no data / no data

Jan 2011: $1,689 / August 25, 2007 / no data / no data

Dec 2010: $1,668 / August 25, 2007 / no data / no data

Between Dec 2010 and Nov 2012, your credit limit/high balance

was $500

CAPITAL ONE

Status: Closed. $1,850 written off. Status Details:

This item was updated from our processing of your dispute in May

2011.

Date Opened:

11/1996

Reported Since:

05/2006

Date of Status:

06/2009

Last Reported:

06/2009

Type:

Credit card

Terms:

Monthly Payment:

Responsibility:

Individual

Credit Limit/Original Amount:

$1,400

High Balance:

$1,989

Recent Balance:

$0 as of 06/2009

Recent Payment:

Creditor's Statement: Purchased by another lender.

Payment History:

Account History:

Charge Off as of Apr 2008

150 days past due as of Mar 2008

120 days past due as of Feb 2008

90 days past due as of Jan 2008

60 days past due as of Dec 2007, May 2007

30 days past due as of Nov 2007, Apr 2007

HSBC BANK

Status: Closed. $289 written off. Status Details:

This item was updated from our processing of your dispute in Jun

2011.

Date Opened:

12/2005

Reported Since:

10/2008

Date of Status:

10/2008

Last Reported:

10/2008

Type:

Credit card

Terms:

Monthly Payment:

Responsibility:

Individual

Credit Limit/Original Amount:

$400

High Balance:

$664

Recent Balance:

$0 as of 10/2008

Recent Payment:

Your Statement:

Completed investigation of FCRA dispute - consumer disagrees.

Creditor's Statement: Purchased by another lender.

Payment History:

Account History:

Charge Off as of Oct 2008

HSBC BANK

Status: Paid in settlement. $406 written off. Status Details: This account is scheduled to continue on

record until Dec 2014.

This item was updated from our processing of your dispute in May

2012.

Date Opened:

11/2003

Reported Since:

12/2008

Date of Status:

12/2008

Last Reported:

12/2008

Type:

Credit card

Terms:

Monthly Payment:

Responsibility:

Individual

Credit Limit/Original Amount:

$500

High Balance:

$812

Recent Balance:

Recent Payment:

Your Statement:

Completed investigation of FCRA dispute - consumer disagrees.

Creditor's Statement: Account legally paid in full for less than

full balance.

Account History:

Charge Off as of Dec 2008

SALLIE MAE

Status: Paid,Closed. Status Details:

This item was updated from our processing of your dispute in

May 2012.

Date Opened:

11/2005

Reported Since:

12/2005

Date of Status:

11/2011

Last Reported:

11/2011

Type:

Education

Terms:

360 Months

Monthly Payment:

Responsibility:

Individual

Credit Limit/Original Amount:

$10,730

High Balance:

Recent Balance:

Recent Payment:

Payment History:

Account History:

180 days past due as of Sep 2008, Sep 2007 to Dec 2007

150 days past due as of Aug 2008, Aug 2007

120 days past due as of Jul 2010, Jul 2008, Jul 2007, May 2006

90 days past due as of Jun 2010, Jun 2008, Jun 2007, Apr

2006

The original amount of this account was $10,730

THE BUREAUS INC

Original Creditor:

HSBC CARD SERVICES INC.

Status: Collection account. $600 past due as of Jun 2012. Status Details: This account is scheduled to continue on

record until Dec 2014.

This item was updated from our processing of your dispute in Jun

2012.

Date Opened:

10/2008

Reported Since:

06/2012

Date of Status:

06/2012

Last Reported:

06/2012

Type:

Collection

Terms:

1 Months

Monthly Payment:

Responsibility:

Individual

Credit Limit/Original Amount:

$600

High Balance:

Recent Balance:

$859 as of 06/2012

Recent Payment:

Payment History:

Account History:

Collection as of Jun 2012

Re: Here's what I'm looking at...

Jutz — Wed, 05 Dec 2012 03:45:37 GMT

the OC still has the right (And in some capacity the obligation) to continue to report the charged off account(s) for 7 years after the date of first delinquency. Payment Itself will not delete the account entirely. I'm on the iPad at the moment for longer posts are maddening, but when I'm at my computer tomorrow morning I can go into more detail. Though I'm sure someone else will beat me to it by then

Re: Here's what I'm looking at...

NY_Beauty — Wed, 05 Dec 2012 16:54:21 GMT

No one beat you yet. Looking forward to your feedback. :smileyhappy:

Re: Here's what I'm looking at...

Shogun — Thu, 06 Dec 2012 03:45:10 GMT

NY_Beauty wrote:
I really have to look some old checks. I am certain that I paid some of these off with the CA in 2011... The OC (cap one) is still reporting.

CAPITAL ONE

Status: Closed. $1,047 written off.
Status Details:
This item was updated from our processing of your dispute in May 2012.
Date Opened:
05/2005
Reported Since:
06/2005
Date of Status:
08/2010
Last Reported:
08/2010
Type:
Credit card
Terms:
NA
Monthly Payment:
$0
Responsibility:
Individual
Credit Limit/Original Amount:
$500
High Balance:
$1,047
Recent Balance:
$0 as of 08/2010
Recent Payment:
$0
Creditor's Statement: Purchased by another lender.
Payment History:
Account History:
Charge Off as of Jul 2008 to Jul 2010
150 days past due as of May 2008
120 days past due as of Apr 2008
90 days past due as of Mar 2008
60 days past due as of Feb 2008, Jun 2007
30 days past due as of Jan 2008, May 2007
This one has a zero balance, nothing owed to them at this time. Did you pay it or did they sell to CA? Either way, send a GW.

CAPITAL ONE
Status: Account charged off. $1,011 written off. $1,798 past
due as of Dec 2012.
Status Details: This account is scheduled to continue on
record until Jun 2014.
This item was updated from our processing of your dispute in
May 2012.
Date Opened:
04/2002
Reported Since:
05/2007
Date of Status:
04/2008
Last Reported:
12/2012
Type:
Credit card
Terms:
NA
Monthly Payment:
$0
Responsibility:
Individual
Credit Limit/Original Amount:
$500
High Balance:
$1,798
Recent Balance:
$1,798 as of 12/2012
Recent Payment:
$0
Creditor's Statement: Account closed at credit grantor's
request.
Payment History:
Account History:
Charge Off as of Dec 2012, Nov 2012, Oct 2012, Sep 2012,
Aug 2012, Jul 2012, Jun 2012, May 2012, Apr 2008
150 days past due as of Mar 2008
120 days past due as of Feb 2008
90 days past due as of Jan 2008
60 days past due as of Dec 2007, May 2007
30 days past due as of Nov 2007
Balance History - The following data will appear in the following format:
account balance / date payment received / scheduled payment amount / actual amount paid
Nov 2012: $1,798 / August 25, 2007 / no data / no data
Oct 2012: $1,798 / August 25, 2007 / no data / no data
Sep 2012: $1,798 / August 25, 2007 / no data / no data
Aug 2012: $1,798 / August 25, 2007 / no data / no data
Jul 2012: $1,798 / August 25, 2007 / no data / no data
Jun 2012: $1,798 / August 25, 2007 / no data / no data
May 2012: $1,798 / August 25, 2007 / no data / no data
Apr 2012: $1,798 / August 25, 2007 / no data / no data
Mar 2012: $1,798 / August 25, 2007 / no data / no data
Feb 2012: $1,798 / August 25, 2007 / no data / no data
Jan 2012: $1,798 / August 25, 2007 / no data / no data
Dec 2011: $1,798 / August 25, 2007 / no data / no data
Nov 2011: $1,798 / August 25, 2007 / no data / no data
Oct 2011: $1,798 / August 25, 2007 / no data / no data
Sep 2011: $1,798 / August 25, 2007 / no data / no data
Jul 2011: $1,798 / August 25, 2007 / no data / no data
Jun 2011: $1,798 / August 25, 2007 / no data / no data
May 2011: $1,794 / August 25, 2007 / no data / no data
Apr 2011: $1,752 / August 25, 2007 / no data / no data
Mar 2011: $1,752 / August 25, 2007 / no data / no data
Feb 2011: $1,732 / August 25, 2007 / no data / no data
Jan 2011: $1,689 / August 25, 2007 / no data / no data
Dec 2010: $1,668 / August 25, 2007 / no data / no data
Between Dec 2010 and Nov 2012, your credit limit/high balance
was $500
It's got about a year and a half left to report. It show a balance, maybe a PFD if you can afford that. Is it past the SOL?

CAPITAL ONE
Status: Closed. $1,850 written off. Status Details:
This item was updated from our processing of your dispute in May
2011.
Date Opened:
11/1996
Reported Since:
05/2006
Date of Status:
06/2009
Last Reported:
06/2009
Type:
Credit card
Terms:
NA
Monthly Payment:
$0
Responsibility:
Individual
Credit Limit/Original Amount:
$1,400
High Balance:
$1,989
Recent Balance:
$0 as of 06/2009
Recent Payment:
$0
Creditor's Statement: Purchased by another lender.
Payment History:
Account History:
Charge Off as of Apr 2008
150 days past due as of Mar 2008
120 days past due as of Feb 2008
90 days past due as of Jan 2008
60 days past due as of Dec 2007, May 2007
30 days past due as of Nov 2007, Apr 2007
3 1/2 years since the DOFD. It still carries a balance. PFD if possible. May still be in the SOL, save up the money before dealing with them, in case they decide to take you to court.

HSBC BANK
Status: Closed. $289 written off. Status Details:
This item was updated from our processing of your dispute in Jun
2011.
Date Opened:
12/2005
Reported Since:
10/2008
Date of Status:
10/2008
Last Reported:
10/2008
Type:
Credit card
Terms:
NA
Monthly Payment:
$0
Responsibility:
Individual
Credit Limit/Original Amount:
$400
High Balance:
$664
Recent Balance:
$0 as of 10/2008
Recent Payment:
$0
Your Statement:
Completed investigation of FCRA dispute - consumer disagrees.
Creditor's Statement: Purchased by another lender.
Payment History:
Account History:
Charge Off as of Oct 2008
Sold to CA, GW them.

HSBC BANK
Status: Paid in settlement. $406 written off. Status Details: This account is scheduled to continue on
record until Dec 2014.
This item was updated from our processing of your dispute in May
2012.
Date Opened:
11/2003
Reported Since:
12/2008
Date of Status:
12/2008
Last Reported:
12/2008
Type:
Credit card
Terms:
NA
Monthly Payment:
$0
Responsibility:
Individual
Credit Limit/Original Amount:
$500
High Balance:
$812
Recent Balance:
NA
Recent Payment:
NA
Your Statement:
Completed investigation of FCRA dispute - consumer disagrees.
Creditor's Statement: Account legally paid in full for less than
full balance.
Account History:
Charge Off as of Dec 2008
Paid account, send GWs
SALLIE MAE
Status: Paid,Closed. Status Details:
This item was updated from our processing of your dispute in
May 2012.
Date Opened:
11/2005
Reported Since:
12/2005
Date of Status:
11/2011
Last Reported:
11/2011
Type:
Education
Terms:
360 Months
Monthly Payment:
$0
Responsibility:
Individual
Credit Limit/Original Amount:
$10,730
High Balance:
NA
Recent Balance:
NA
Recent Payment:
NA
Payment History:
Account History:
180 days past due as of Sep 2008, Sep 2007 to Dec 2007
150 days past due as of Aug 2008, Aug 2007
120 days past due as of Jul 2010, Jul 2008, Jul 2007, May 2006
90 days past due as of Jun 2010, Jun 2008, Jun 2007, Apr
2006
The original amount of this account was $10,730
Paid, start the GW process

THE BUREAUS INC
Original Creditor:
HSBC CARD SERVICES INC.
Status: Collection account. $600 past due as of Jun 2012. Status Details: This account is scheduled to continue on
record until Dec 2014.
This item was updated from our processing of your dispute in Jun
2012.
Date Opened:
10/2008
Reported Since:
06/2012
Date of Status:
06/2012
Last Reported:
06/2012
Type:
Collection
Terms:
1 Months
Monthly Payment:
$0
Responsibility:
Individual
Credit Limit/Original Amount:
$600
High Balance:
NA
Recent Balance:
$859 as of 06/2012
Recent Payment:
$0
Payment History:
Account History:
Collection as of Jun 2012
It's over 5 years old, may be past the SOL, would try for PFD if you could.

Overall, you're not in that bad of shape, nothing that can't be approved on. Now you should take and tackle these. Start with the CA and the GWs, save up for the Cap1 accounts. This can be done!!!!

Re: Here's what I'm looking at...

NY_Beauty — Thu, 06 Dec 2012 04:14:59 GMT

Thanks so much! I really appreciate the feedback. I had no idea what to do or where to start and I appreciate your taking the time to review my stuff. :-)

Re: Confession

KevinBlock55 — Thu, 06 Dec 2012 04:19:45 GMT

@Shogun: Whats your experience in GWing CO accounts that are unpaid. Example being the HSBC account you advised her to GW. I have a few of these but figured if they are unpaid and were sold to CA, no sense asking for a GW, right?

Re: Here's what I'm looking at...

webhopper — Thu, 06 Dec 2012 04:23:43 GMT

Shogun is the best and I agree with everything he posted... This too shall pass! Good luck as you start the process. I find it easy to set a goal such as sending one GW per week or something similar. I have a reminder that pops up every 3 months that says to try again for getting stuff removed. At my stage its not hurting that much but I would love to have a completely clean report. Good luck to you.

Re: Confession

Shogun — Thu, 06 Dec 2012 04:28:03 GMT

If the account was sold to the CA, such as the case of HSBC in this case. The OC does not care nor will they most likely ever know if it is paid or not. As far as they are concerned, they've sold it, they're done with it. Seeing as this is the case, there's absolutely no harm in trying a GW.

Re: Confession

KevinBlock55 — Thu, 06 Dec 2012 05:58:30 GMT

Well I am gonna send out a SLEW of GWs tomorrow then lol