Rebuilding Your Credit

[pakman92]

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drkaje wrote:

@ pacman92,

I believe that only works with accounts inactive long enough to have been purged from their system.

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That could certainly be the case as the initial response was that they were trying to locate the account info.  

[drkaje]

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pakman92 wrote:

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drkaje wrote:

@ pacman92,

I believe that only works with accounts inactive long enough to have been purged from their system.

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That could certainly be the case as the initial response was that they were trying to locate the account info.  

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The executive office will delete accounts that couldn't be verified. I haven't read instances where they just deleted accurate stuff for the heck of it or thought someone could use a break.

In my case, they couldn't find the account after a one day investigation (even with the number provided) so it was deleted. The mistakes where 5.5 years old and I'd closed the account in 2007.  If it were still active, I would have been SOL.

[iCoop]

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danny4l wrote:

My account is currently active and I will pay the last installment in February 2013.  The lates are due to my unemployment which I have documentation of my unemployment benefits.  Do you think they will help me out?

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Do I think they will assist you with removing the TL or even just the negatives once the loan is PIF, no. If you want this done you must attempt to negotiate this into the deal now before you finish paying the account off. And if they do say that they will do a 'pay for delete' then you need to DEFINITELY get it in writing.

[golo]

I've tried the CEO route to no avail....ugh,

[marty56]

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iCoop wrote:

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danny4l wrote:

My account is currently active and I will pay the last installment in February 2013.  The lates are due to my unemployment which I have documentation of my unemployment benefits.  Do you think they will help me out?

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Do I think they will assist you with removing the TL or even just the negatives once the loan is PIF, no. If you want this done you must attempt to negotiate this into the deal now before you finish paying the account off. And if they do say that they will do a 'pay for delete' then you need to DEFINITELY get it in writing.

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I don't think a PFD would work here since the account is not in collections.  As bad as BofA is, you don't want the account to go into collections.  The damage of most lates, even a 120 day one is less then a collections if not in your FICO score at least a MR.

[drkaje]

BoA isn't a company I'd want to depend on negotiating with, after the fact, and hoping for a good result. Even if you have to suck it up, the lates hurt worse over time.

[marty56]

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drkaje wrote:

BoA isn't a company I'd want to depend on negotiating with, after the fact, and hoping for a good result. Even if you have to suck it up, the lates hurt worse over time.

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+1

[jordanmedical]

Can someone pm me that ceo info? Need it for GW on my mom's account.

[R_W_]

I have a BOA mortgage (previously Countrywide) that I just paid off.  It has several 30 day lates that are 4+ years old that I would like removed (getting very close to my 760 goal).  After reading through a mountain of posts, I see almost no success with GW letters for BOA, but since this is a closed account I am thinking I might just ask them to remove it from the CRAs.  I want to make sure there are no downsides that I am overlooking that would offset any benefit I would receive.  My AAoA is  >14 and my olderst if >22 years.  This is not my oldest but it is one of my older ones so my AAoA may go down a bit.  I have other active mortgages so I think  I am okay on the credit mix. Is there anything else I am not thinking of?