Hi,
First of all, thanks to everyone who has provided helpful information on credit repair. I discovered this forum about a week ago and have learned so much from reading all of the postings!
I have a situation that I haven't seen discussed yet, but I thought I would see if anyone has any insight or advice.
I helped out my former fiance with some financial items, because he didn't have very good credit and at the time I had excellent credit. Well thanks to him my FICO score is now in the low 600's (before I met him it was over 750). Yes, very dumb on my part, I know. I just figured that we were going to get married and have our finances in common anyway, so what the heck!
Anyway, my situation now is that he canceled a Verizon account that was in my name in October. He told me that he had canceled it, but what I didn't know was that he hadn't paid the entire cancellation fee. So early this year I see a charge-off from Verizon on my credit report for ~$280. I called them and paid it off immediately. Of course, I got a big hit on my credit reports, but the account has been shown as paid off and my score was slowly increasing again.
Until....at the beginning of this month I get a call from Washington Mutual that the home loan that I co-signed with him was over 30-days late. He had been paying the mortgage via automatic withdrawal and he didn't have sufficient funds in July to pay. Again, I paid the balance immediately, but again it was too late and my EQ score plunged almost 100 pts.
Until I started reading these posts, I thought I was just screwed. But now I'm thinking I should try writing GW letters to Verizon and Wamu in hopes that at least one of them will have mercy on me!!
I'm also thinking of having my ex-fiance sign letters saying that he was responsible for these accounts and that I didn't know anything about the delinquencies until after they were reported to the credit agencies. He's agreed to sign them, as he feels badly about the whole thing. Yeah - too little too late - but at least he's being somewhat cooperative.
Sorry for the long post! I was just wondering if anyone had experience with a third party involved. Does it make a difference if bills were being sent to someone else at a different address even though the account was in my name.
Thanks in advance for any advice!
Message Edited by lisak on 08-25-2007 03:48 PM
