I hope she's doing the work, too!
Starting Score: 675
@drkaje wrote:I hope she's doing the work, too!
Indeed. She even sat on the ground next to the dining room table and had her first lesson in credit management.
She's never been declined for anything, so she took that for granted. She thought paying everything off was the end game, and didn't think much about the 30 days, etc - since everything would be paid-off in the end.
Ugg...
@RobertEG wrote:i would image that the most important benefit from this whole experience is the education she has gained from you.
It should emphasize the importance of her only prior mistakes.... being late, and high utils!
Kudos to your assistant in creating another knowledgeable consumer!
She has already become a more aware credit consumer, by mid-day
She has drafted up the GWs for 6 accounts that are all late payment related.
She has already disputed a balance being reported from EQ, and disputed another account that is reporting as "Unknown Name". It has a 0 balance, but has no idea what it is, for obvious reasons.
She is calling in a GW tomorrow for one of the above accounts, to see if she can get a GW removal faster than by paper.
The biggest thing to come out of today, is her commitment to NOT charge anything else until the current debt is PIF - $6927 (this is the total being reported, and does not take into account payments made to some of the accounts last night) She recently paid off her car note and has already applied that monthly car payment amount to her debt over the past 2 months, so that was a great first step for her!
Once the CCs are paid-in-full, she said she will look over accounts to close, to avoid any negative impact to her Util% which is currently at 36%. We talked about the importance of only charging what can be PIF'd and she is fully onboard - but only time will tell.