08-17-2007 08:42 AM
08-19-2007 07:38 PM
I have two new questions for everyone today.
1) The law regarding adding yourself as an AU to another’s account is changing. As I understand, you can STILL get the benefit of adding yourself to another better creditors account, but it must be a “joint” account.
a) What is the real impact to creditor in this case?
b) How exactly would this work? Would the creditor have to open a new account?
c) OK, basically I don’t know anything about it. Anyone know anything about it...
2) Look at the account below. I talked with Capital One this AM. They are willing to change the comment from “Settlement Accepted’ blah blah”, but it will stay as CHARGE OFF, that is if I pay 350.78.
a) I will pay the 350 regardless, but what should I expect out of this? Will it change my score, or help in any real way?
Account Number: …………XXXX Current Status: CHARGE-OFF
Account Owner: Individual Account. High Credit: $0
Type of Account :
Revolving Credit Limit: $0
Term Duration: Terms Frequency: Monthly (due every month)
Date Opened: 11/2003 Balance: $0
Date Reported: 03/2007 Amount Past Due: $0
Date of Last Payment: 11/2006 Actual Payment Amount: $0
Scheduled Payment Amount: $0 Date of Last Activity: 05/2006
Date Major Delinquency First Reported: 12/2006 Months Reviewed: 40
Creditor Classification: Activity Description: Paid and Closed
Charge Off Amount: $959 Deferred Payment Start Date:
Balloon Payment Amount: $0 Balloon Payment Date:
Date Closed: Type of Loan: Credit Card
Comments: Settlement accepted on this account,
Charged off account
81-Month Payment History
Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2007 * *
2006 * * * * * 30 60 90 120 150 * CO
2005 * * * * * * * * * * * *
2004 * * * * * * * * * * * *
2003 * *
Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more
FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.