Thanks Shane! Just wanted to let you know I've read a ton of your posts and appreciate that the forum has someone as knowledgeable as you around! ... View more

@ShanetheMortgageMan wrote: @Xev0luti0nXx wrote: Thank you for the explanation. When I apply for an FHA mortgage my Credit score will be 620, DTI at about 5% and am planning on doing the 3% Down payment. In your personal opinion what do you think the chances of me being approved through the automated process are? It would be much easier to just get approved without having to write out explanations for anything. Thanks! It would depend on what negatives are on your credit... so let us know the detail on that. Also, the DTI before the mortgage payment doesn't mean much, it's what it would be after the mortgage payment is figured in. We'd need to know your income, payments on your debts (which since we know is 5% we can figure it out if we know your income), and if you have any reserves/assets after the 3% down payment. If everything else checks out, a 620 score is likely to qualify for an automated approval. Shane, here is my break down. Credit Negatives: Macy's CO - March '07 $0 balance Orchard Bank CO - March '07 $0 balance 2 medical collections from '06 - $0 balance 1 Semco (gas utilities collection) - Moved from my apartment and requested it to be shut off when I paid my last bill, they never did and it went into collections. My debts are very minimal as of right now, I have 1,228 in revolving that I am going to pay off in the next month. I also have about $900 in installment loans that I am going to pay for the durations just to help establish my good payment history. I am getting married in December of this year and we are frantically saving money for the wedding and for the house. After we pay for the wedding and after the down payment we should still have around 10-15k in reserves. Combined we make about 65k a year. She has absolutely ZERO debt. We would be looking to get a loan for between 90,000 and 120,000. Please let me know what you think! Thanks! ... View more

bump! ... View more

Thank you for the explanation. When I apply for an FHA mortgage my Credit score will be 620, DTI at about 5% and am planning on doing the 3% Down payment. In your personal opinion what do you think the chances of me being approved through the automated process are? It would be much easier to just get approved without having to write out explanations for anything. Thanks! ... View more

CPA is Credit Protection Association. Did you ever have a Comcast account or some other kind of Cable? ... View more

October 07: TU: ?? EQ: 499 EX: 501 March 08: TU: 584 EQ: 554 EX: 571 Hoping for 600's around September/October and then applying for FHA or MSHDA (Michigan State Housing Development Authority) if I can get my mid to 620 or higher! ... View more

Any takers? ... View more

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Like I said before, I have already investigated the HIPPA letter and read the process. I did not pay the OC, I paid the CA. This was before I found the site. So are you confirming my thought that it IS a HIPPA violation to report a collection on a medical account after the debt has been paid? Can anyone tell me what I should do? DV the CA? Dispute on CRA's? I'm having a very tough time with these two, and every thread I have read about removing a paid medical collection go back and forth between the same methods, but it never seems like there is a resolve. I am hoping one of the experts can chime in and steer me in the right direction. Thanks! ... View more

Alright, well I've called the OC and they say it's illegal for them to request the CA to remove the account blah blah blah typical OC response. As for the HIPPA/FDCPA, do I send a DV letter so I can see how they communicated my information to the CA and then look for a violation in that? Like I said before, these are two PAID MEDICAL collections. Being medical, they have to be easier then getting regular collections off my CR, right? As for the disputing, I wanted to dispute to see if the CA would just forget about it and not respond and then have the CA removed that way. Any information anyone can give me would be helpful, I have already read over the HIPPA letter and process but I don't think it applies in my situation, being that they are paid. Thanks for the help! @Anonymous wrote: Given the automation of the verfication process - disputing is not going to help- the CA just says "Yep- This is his/hers and it's paid. It stays until xx/2010" The best way to deal with a medical CA is going to the OC and work a deal or find a HIPPA/FDCPA violation. or get a PFD. Even discussing Disputing ACCURATE information is a myFICO TOS violation. This type of dispute often make the CA appear more current in the eyes of FICO and can reduce your score even more. @Xev0luti0nXx wrote: I've had success getting several dings off my credit report so far, but the more I read the more choices I see. I have two (2) paid collections remaining on my CR which are both medical. It is becoming a PITA to deal with these. I did realize though that I haven't disputed them with the CRA's yet. My understanding from what I've read is that if you dispute a paid medical collection the CA can no longer report information as medical information that was released to collect the debt has no business related purpose anymore. Is that correct? That or once they are paid they don't even bother to verify it with the CRA's sometimes? Also, if I dispute with the CRA's would I just claim "not mine" even though they were and I paid them, just to get the verification process on the way? There have been many different posts on the forum and processes on how to get a Paid Medical Collection removed and I would like to know the best course of action for my situation. Is it also right that I can DV the CA now and they don't even have to respond since it is already paid? Any help is appreciated! ... View more

Keep sending GW letters. Also, it would help if you said what Company it was for. ... View more

Anyone?? ... View more

BIZZUMP! ... View more

BUMP! ... View more

bump ... View more

@Von7 wrote: According to Will Rosa the gentleman I called, he said that he would have someone from the Virginia office call me tomorrow. So I'm going to wait...if no response I'll call the other phone number. Thanks Xev. However, the account was back in 2002 and my computer just died with all my old data on it. So I only have my name and the city. Hopefully that will be enough to find it in their system. I'm just not patient enough to wait until July 2009 for the thing to drop off! For the verification purposes, all you should need is the address that the service was at and then any personal information to verify who you are. You might also be able to give the phone number the account had to locate it. Well, good luck to you! I had the same problem, tossed around to several different people. Then finally I got a hold of someone who knew what they were talking about and helped me out. ... View more

Call 215-640-8960, have them pull up your account (by acct. number or other verification type) and ask them if they account was sold to a CA, or if Comcast just used CMI to recover their funds. They should be able to tell you right away (should be listed on your account file). Tell whomever it is you are talking to what your situation is and ask them to send a request to CMI to have the CA removed from your CR. Beg, plead if you have to. I've read somewhere that Richard Vandestrandt (sp?) is a good rep at Comcast. His direct line is 1-410-931-8558. ... View more

That depends, I was successful last Friday to get Comcast to removed the collection from my CR. Find out if Comcast still owns it or if they sold it to CMI. Try calling Comcast's Executive Customer Services number and talking to someone. Search for my post: Comcast Collection. ... View more

Message Edited by Xev0luti0nXx on 03-19-2008 05:16 AM ... View more

@Anonymous wrote: @Anonymous wrote: Hi trying to improve credit and would like to know if paying off a collection would help my score and about how many points Don't know how many points, too many variables. But DON"T you dare pay off without a Pay For Deletion letter. Wish I had twice. zman, If you have a paid collection, have you considered sending a GW letter to the CA? Or using a DV letter in hopes that they will just delete the account instead of corresponding? I just had 2 collections removed this week from calling the OC's and having them send letters of deletion to the CA and CRA. It's always worth a shot. Remember, if they don't agree, just send another letter. Sooner or later they might even just get tired of hearing from you and delete it. ... View more

@Anonymous wrote: Hi trying to improve credit and would like to know if paying off a collection would help my score and about how many points Paying off a collection will not do anything to your score. Once a collection is on your report, the damage is done. The only way your score will improve is if you negotiate a PFD (Pay for delete) and they agree to remove the CA from all three CRA's. Search the forums for SOL, Debt Validation, and Pay For Delete. You should find a lot of helpful information to point you in the right direction. ... View more

Bump! ... View more

Wow, alright. I took it out to get some furniture that I could have paid for then and there, but they sold me on their "Well, if you're moving into a new place you should just finance it so you will have the money for other necessities." I'll go ahead and pay that off ASAP and wait a few weeks before pulling my scores to see what getting the Comcast collection off my account does. ... View more