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mic71 wrote:This is all so awesome.. I would like to begin doing this. How can I get a free credit report with the address of the creditors so I can begin contacting them? Any help with this is greatly appreciated.
Trying_to_climb wrote:Please help. I'm trying to do the same thing. I have one 30 day late on my previous mortgage. I sold that home in January 2001 and as of Dec 2000 or January 2001 it's showing as a 30 days past due. The balance of course is zero. I sent it the letter from this forum to Transunion and they replied saying that the account was verified.You send the gw to the oc, not the cra. In it ask to have the late removed and current status to paid in fullDoesn't 30 days past due mean that I still owe that money, and I am 30-days past due? they are not willing to take it off.Cra has no obligation to remove if it is reported correctly. That is why you send a gw to yhe oc so they will report the account with no lates and paid in full/A second item I have in my Transunion again, is that an equity line that I have for $50,000 is showing twice in their report once as a revolving and once as an equity line. Again, I sent them a letter telling them is one and the same with the same account number. They responded telling me it has been verified so they will not remove it. I don't know what to do. They can't or don't want to see that these two accounts are the same account number.On this one I would get with the oc and ask them to take the duplicate account off. If they will not I would request a letter stating why this single account is being reported differently twice to each CRA. Fico gods correct me if I am incorrect
Remember the CRA has no obligation to remove correctly verified information. There are steps you can follow to make the CRA provide you with the information they received to verify the account. Accurately negative reported accounts should be handled with a gw letter to the oc. You might have to do this multiple times for the same negative and then they have no obligation to remove it. Just know that there is no law that prevents the oc from changing what they report to the cra. I had one tell me that on the phone. I politely asked them provide the title and section that this "law" was included in so I could review and educate myself. Some double talk and stammering later a manager got on the phone and told me since I was a valued customer they would remove the lates. They are now gone. If you need any more information I encourage you to read everything in this forum you can. Also I would recomend you start a new thread.
Jereme
@Anonymous wrote:
@Anonymous wrote:This is all so awesome.. I would like to begin doing this. How can I get a free credit report with the address of the creditors so I can begin contacting them? Any help with this is greatly appreciated.Go to http://www.annualcreditreport.com. This is the only website I know of that gives you your 3 cra's without needing credit card information. Print them all out and look for anything negative on them. If it is a legitimate error on the report, begin the dispute process with the cra that has the error.
This is correct --the one thing that I would add is that if you dispute via your freebies, they have 45 days to respond, whereas if you dispute off a report that you've paid for, they only have 30 days, which gives you some leverage if they're running late. But this might not be true of TransUnion.
I did a search just now here on the forums for "dispute annual" and found this:
http://ficoforums.myfico.com/fico/board/message?board.id=generalcredit&thread.id=5500
But anyway, jnj, what a great story! It shows what research and persistence will do, plus that hour a day. Hope the coffee kicks in for you at work today!
I’m just flipped out with the way all this works. At 49 years old I am still able to become utterly amazed.
I didn’t know until coming here a few weeks ago that I had a chance at ANYTHING in the credit world. I just assumed that 5 years into a Bankruptcy ( I was stuck working in totally impoverished rural south Georgia as a home owner at $8.86 per hour when I finally had to file) that I was pretty much credit doomed for 10 years. I had no real idea. I kept a $138 a month car payment but had to let everything else go in the BK. 3 years later that junk vehicle was done-for. Out of desperation I talked to CarMax and was dumb-founded that I was approved to purchase a used $10,000 Toyota 4 cylinder straight truck….at %15. I gave up my world and gambled my life on a move to the city. I was making 50K a year now. I started reading MSN Money after that and read about “Bankruptcy Friendly Credit Cards” and Orchard was at the top of the list. My intensions were good….to rebuild credit but I was positive I wouldn’t get it. Though I knew about credit reports for many years, I only just found out about FICO scores when I started reading MSN Money and I decided to give the credit card thingy a shot. I got instant approval for $300. On that day, at the moment, I became an equal member of the human race again; one who could go out to dinner with co-workers and sometimes pick up the tab and pay the same way responsible “normal people” do.
This is the good part. After 3.5 years of living cash to cash, I bought a used truck on an essential lark. A year and a half later an article on the Internet gave me the courage to try for a credit card and I was approved. I knew I was being robbed with that truck at 15% but I did buy the most reasonable vehicle I could get and I took 15% as a blessing at only half way through a BK when I was desperate for a vehicle and I simply figured that this was the price for rebuilding credit. I also knew I was taken for a ride with the $300 card also at %15 but I made enough money now to NOT have to live on credit cards.
Then I read about myFICO. It took me many weeks to get up the courage to order my first FICO scores. That was 3 weeks ago. I didn’t even know what good numbers from bad numbers until I got the report and it explained to me how scoring works. My used truck was wrecked by a drunk driver at Christmas and I was in need of a new vehicle. I ordered the FICO scores to see if I had a shot in hell at a new car. Those numbers were as posted in my current sig below. I just couldn’t believe it.
The FICO report turned me on to these forums where you folks told me my scores could get a new car and that I needed to shop for rates and how to do it. Today I have my first new car in over 20 years and I feel like a lone rooster. Fully realizing what may temporarily become of my FICO scores, I immediately used what I learned here to pursue a second credit card. I got it. Now I sit for 3 months until old truck inquiries fall off and then I get one more card. I don’t need a thing today. I can just sit back and watch my new perfectly balanced trade lines mature. At 5 more years the scars will be gone.
Ya know what’s really funny about all this? I’ve been getting dozens, if not hundreds of pre-approved credit card offers in the mail for almost two years now and thought they were all just a bunch of bunk. I didn't have a clue.
Will I be a homeowner again?