madmann26 Tracker

Re: Walmart Discover TU updated for this month

madmann26 — Wed, 22 May 2013 13:26:43 GMT

Start letting a balance report. Up to 9% of your limit should report for best scoring.

Re: So I just learned my credit is a lot worse than I thought. What do I do now?

madmann26 — Wed, 22 May 2013 01:21:37 GMT

To add

Most banks want to see at least 12months of good/on time payments before even considering you for a mortgage.

Re: Porftolio Recovery strange reporting...

madmann26 — Tue, 21 May 2013 14:31:51 GMT

guiness56 wrote:
madmann26 wrote:
DaBears wrote:
madmann26 wrote:
mojo_ny wrote:
I have an account with them that I already paid in full. I just checked my report and sure enough.... They report it as 120 days late!!!!
Does this mean I can try to have them remove it from my report? Still a bit confused on whether I file with them or just go straight to the BBB. If I do file with the BBB how can I notify Portfolio trecovery so they will take action to move on the reporting?
If you a little harder, you'll see that on EQ they are also reporting the following:

Account = Open
Type = Original Creditor

The theory is that by them listing the account as open, original creditor and it reporting as an installment loan (which we all know is BS), further dings your EQ report. There is some debate about this opinions vary widely on the subject.

All collection accounts are listed as open. However I do agree with it being reported as a installment loan as you don't have a line of credit with the collection agency.
That's my point. On EQ (and EQ only) it is being reported as "other account" with the type as installment and PRA as the original creditor and NOT as a CA. I have 0 CA's on EQ.

Does it say collections anywhere on the TL. If so, FICO will score it as a collections.

As for the installment, that is a violation of the FDCPA.

It does but only in the remarks and I think that isn't used for scoring? Or is it?

I have the UDF if you want to see it. They are listing the account type as "0C".

I've been fighting with them for months and they keep telling me no that they're not going to remove it.

Re: Madmann26's rebuild thread

madmann26 — Tue, 21 May 2013 13:56:04 GMT

Another GW success.

Stallings Financial (medical bill) came off of TU today. It was there yesterday. I've been faxing GW's everyday for a week. (like that Shogun? :D )

That leaves just one CA on TU and two on EXP.

Portfolio Recovery Assoc - on both TU and EXP

Stallings Financial - On EXP

Re: Porftolio Recovery strange reporting...

madmann26 — Tue, 21 May 2013 13:27:17 GMT

DaBears wrote:
madmann26 wrote:
mojo_ny wrote:
I have an account with them that I already paid in full. I just checked my report and sure enough.... They report it as 120 days late!!!!
Does this mean I can try to have them remove it from my report? Still a bit confused on whether I file with them or just go straight to the BBB. If I do file with the BBB how can I notify Portfolio trecovery so they will take action to move on the reporting?
If you a little harder, you'll see that on EQ they are also reporting the following:

Account = Open
Type = Original Creditor

The theory is that by them listing the account as open, original creditor and it reporting as an installment loan (which we all know is BS), further dings your EQ report. There is some debate about this opinions vary widely on the subject.

All collection accounts are listed as open. However I do agree with it being reported as a installment loan as you don't have a line of credit with the collection agency.

That's my point. On EQ (and EQ only) it is being reported as "other account" with the type as installment and PRA as the original creditor and NOT as a CA. I have 0 CA's on EQ.

Re: Can we have "OFFICIAL NFCU CLI - HOW IT WORKS!"

madmann26 — Tue, 21 May 2013 12:56:18 GMT

kampfer09 wrote:
I have a question in regards to CLI. It shows your current CL and then there asking credit limit. so if you have $7k limit and want $15k do you put $15k or just ask for the difference? I'm a bit con fused on this.

It's the total amount you want your limit to be.

Re: Porftolio Recovery strange reporting...

madmann26 — Tue, 21 May 2013 12:26:31 GMT

Good luck.

I've been told 4-5 times already to "go pound sand".

Re: Porftolio Recovery strange reporting...

madmann26 — Tue, 21 May 2013 11:42:12 GMT

mojo_ny wrote:
I have an account with them that I already paid in full. I just checked my report and sure enough.... They report it as 120 days late!!!!
Does this mean I can try to have them remove it from my report? Still a bit confused on whether I file with them or just go straight to the BBB. If I do file with the BBB how can I notify Portfolio trecovery so they will take action to move on the reporting?

If you a little harder, you'll see that on EQ they are also reporting the following:

Account = Open

Type = Original Creditor

The theory is that by them listing the account as open, original creditor and it reporting as an installment loan (which we all know is BS), further dings your EQ report. There is some debate about this opinions vary widely on the subject.

Re: No Baddies.. Low UTI%... Now What??

madmann26 — Tue, 21 May 2013 02:02:42 GMT

What is your AAoA? If you don't have an installment loan, your credit score could take a hit because of the lack of credit mix. Something to think about and YMMV as always.

Re: NFCU Platinum

madmann26 — Tue, 21 May 2013 01:30:13 GMT

The util is killing you right now. Get that under 20% and watch the magic happen.

Re: Can we have "OFFICIAL NFCU CLI - HOW IT WORKS!"

madmann26 — Tue, 21 May 2013 01:01:34 GMT

Call it a hunch. I've read enough to have a general idea of what NFCU is doing for people. Take me for instance...at EQ 636...I softed my way from 5k to 10k (after being countered from 17k) in less than 24hrs.

Re: Haven't used credit card in 5 years, if I do now, will my CS go up?

madmann26 — Tue, 21 May 2013 00:19:11 GMT

If its the only card you have then yes, let it report up to 9% of the avaliable limit will help.

Re: NFCU Loan question.

madmann26 — Mon, 20 May 2013 22:50:52 GMT

What about an online transfer? Careful though you might get gigged for a cash advance.

Re: Will NFCU refi help me out?

madmann26 — Mon, 20 May 2013 22:48:02 GMT

Apply. I'd be shocked if they said no

Re: Can we have "OFFICIAL NFCU CLI - HOW IT WORKS!"

madmann26 — Mon, 20 May 2013 22:40:52 GMT

With a 621 he is in the 7500-10k range.

Re: PLEASE HELP!!! I think I screwed myself

madmann26 — Mon, 20 May 2013 17:38:53 GMT

The best thing you did here was call your CC company and froze the card.

Next time, take a breath and take their information down and Google them :) . I'll bet you'll be surprised at what you find.

Re: Anyone have a contact at HSBC and Portfolio for GW letter?

madmann26 — Mon, 20 May 2013 17:35:58 GMT

lae_lae wrote:
Sent you a PM.

Can you pass that along to me as well please?

Thanks in advance,

Re: How long for paid collections to feel less pain...?

madmann26 — Mon, 20 May 2013 11:45:34 GMT

For me, when my last CA fell off of EQ, I saw an 40-50 point bump. YMMV as always.

Edited CO to CA :D .

Re: Need some advice regarding secured cards.

madmann26 — Mon, 20 May 2013 11:05:30 GMT

For best scoring, ideally you would have 2-3 cards and only report a 9% balance of your total revolving limit.

Re: Anyone Broke off NFCU CL to 2 Cards then CLI?

madmann26 — Mon, 20 May 2013 10:38:30 GMT

Dustink wrote:
Seems like it would just make more sense to app for the new account you want.

Splitting into 2 accounts gets you all the same NFCU benefits (including more then generous lines of credit) without the HP.