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New Contributor
zullyquirke
Posts: 107
Registered: ‎07-22-2011
0

Re: I've been using Freescore.com to get my credit scores....

Okay, I think I got it figured out. There's an item, an old credit card that I let go delinquent and get charged off, that's showing up as part of my revolving debt somehow. I don't get how. Wouldn't that be a collection? I definitely don't want this sitting on my account. I have the money to pay it off, but I'm not sure how to go about it. And I'm not sure why it's affecting my credit card utilization percentage.

 



 

 

Capital One Bank Usa Na

Status as ofDate opened [?]Date of last activity [?]Date closed [?]Loan type [?]Credit limit [?]Largest past balance [?]Account Type [?]Account holder [?]Industry
Jul, 2011
Jul, 2006
Nov, 2006
May, 2007
Credit Card
$300
$621
Revolving Account
Individual Account
Banks

Balance [?] Current Status [?] Past Due Amount [?]

$1,060Charged off as bad debt$1,060

 



Starting Score: TU - 580 (7/22/11) ..... EQ: 561 (7/22/11)
Current Score: TU - 622 (10/24/13) ...... EQ: 656 (3/26/14) ...... EXP: 620 (3/26/14)
Goal Score: 700 by 12/31/14


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Established Contributor
casmith1980
Posts: 633
Registered: ‎03-20-2010
0

Re: I've been using Freescore.com to get my credit scores....

[ Edited ]

zullyquirke wrote:

Okay, I think I got it figured out. There's an item, an old credit card that I let go delinquent and get charged off, that's showing up as part of my revolving debt somehow. I don't get how. Wouldn't that be a collection? I definitely don't want this sitting on my account. I have the money to pay it off, but I'm not sure how to go about it. And I'm not sure why it's affecting my credit card utilization percentage.

 



 

 

Capital One Bank Usa Na

Status as ofDate opened [?]Date of last activity [?]Date closed [?]Loan type [?]Credit limit [?]Largest past balance [?]Account Type [?]Account holder [?]Industry
Jul, 2011
Jul, 2006
Nov, 2006
May, 2007
Credit Card
$300
$621
Revolving Account
Individual Account
Banks

Balance [?] Current Status [?] Past Due Amount [?]

$1,060Charged off as bad debt$1,060

 


I"m assuming it's taking up your utilization because you have a $300 limit with a $1060 balance...

also - just because it's not shown as a collection, doesn't mean that it's not a collection :smileyhappy:  sounds dumb, but i've found that is the case on my TU report.

 

may i ask if this is a collection agency (CA) or the original creditor (OC)...sorry if I missed it, but it's late for me :smileyhappy:

EQ Fico 2009 500's
TU Fico 2009 500's

EQ Fico 04/10/2012 663 (SW alert)
TU Fico 04/13/2012 653 (Walmart)

Goal: 760 by 12/2013 and close on my first house :smileyvery-happy:

Goal - 720 by 12/31/12
New Contributor
zullyquirke
Posts: 107
Registered: ‎07-22-2011
0

Re: I've been using Freescore.com to get my credit scores....

[ Edited ]

The account was with Capital One, so it looks like OC. I guess I just assumed that since it was charged off as bad debt in 2007 it wouldn't count as part of my utilization score anymore!



Starting Score: TU - 580 (7/22/11) ..... EQ: 561 (7/22/11)
Current Score: TU - 622 (10/24/13) ...... EQ: 656 (3/26/14) ...... EXP: 620 (3/26/14)
Goal Score: 700 by 12/31/14


Take the myFICO Fitness Challenge
Established Contributor
fot1
Posts: 681
Registered: ‎01-10-2011
0

Re: I've been using Freescore.com to get my credit scores....

Nope a CO still effect ulti.. It is still money you owe.  If you have money to pay it off you should.. Will help your score with ulti % and Cap 1 is known to sue over small amounts.. You don't want  risk either a CA added to your report or possible getting a judgment added. You can offer a PFD, Cap 1 is a tough one with this though..


Tu- 799... What I wouldn't give for one more point..
Equifax-774
Experian-737
New Contributor
zullyquirke
Posts: 107
Registered: ‎07-22-2011
0

Re: I've been using Freescore.com to get my credit scores....

If a PFD doesn't work, what should I do? 



Starting Score: TU - 580 (7/22/11) ..... EQ: 561 (7/22/11)
Current Score: TU - 622 (10/24/13) ...... EQ: 656 (3/26/14) ...... EXP: 620 (3/26/14)
Goal Score: 700 by 12/31/14


Take the myFICO Fitness Challenge
New Contributor
zullyquirke
Posts: 107
Registered: ‎07-22-2011
0

Re: I've been using Freescore.com to get my credit scores....

And one more thing-- I'm trying to reach out to the CA's on a couple of my other items, but the only things listed are things like "189YC00137." No contact info at all for the CA!



Starting Score: TU - 580 (7/22/11) ..... EQ: 561 (7/22/11)
Current Score: TU - 622 (10/24/13) ...... EQ: 656 (3/26/14) ...... EXP: 620 (3/26/14)
Goal Score: 700 by 12/31/14


Take the myFICO Fitness Challenge
Established Contributor
fot1
Posts: 681
Registered: ‎01-10-2011
0

Re: I've been using Freescore.com to get my credit scores....


zullyquirke wrote:

If a PFD doesn't work, what should I do? 



Personally I would pay it before something worse happens.. Is this your only CO or Collection account?  If you have more how many are still in SOL? A lot of different things to consider. What are the other 6 negatives on your report?


Tu- 799... What I wouldn't give for one more point..
Equifax-774
Experian-737
Established Contributor
casmith1980
Posts: 633
Registered: ‎03-20-2010
0

Re: I've been using Freescore.com to get my credit scores....


zullyquirke wrote:

If a PFD doesn't work, what should I do? 


now, now, don't assume it won't work :smileyhappy:  stay positive!!!! 

 

PFD until your fingers bleed from typing :smileywink:  keep searching for different people to send the request to.  start off by offering 50% or so of the balance and go up from there.  you might have to pay 100% of the balance (eventually) but just keep trying.  make sure if you come to any agreement via telephone, that they follow it up in writing BEFORE you pay a dime.  

 

I wish you luck with this and hope it all works out!!!

EQ Fico 2009 500's
TU Fico 2009 500's

EQ Fico 04/10/2012 663 (SW alert)
TU Fico 04/13/2012 653 (Walmart)

Goal: 760 by 12/2013 and close on my first house :smileyvery-happy:

Goal - 720 by 12/31/12
Established Contributor
casmith1980
Posts: 633
Registered: ‎03-20-2010
0

Re: I've been using Freescore.com to get my credit scores....


zullyquirke wrote:

And one more thing-- I'm trying to reach out to the CA's on a couple of my other items, but the only things listed are things like "189YC00137." No contact info at all for the CA!


There HAS to be some kind of information for the collection agency (or how else would the CB be able to verify).  Keep digging/looking.  Sometimes it might just be a few letters that stand for something else.  I had one 6 years ago that was listed as "CRA"...talk about confusing!  i thought that only meant "credit reporting agency"...oh how naive I was :smileyhappy:  It's the little tricks they do to make you THINK they aren't collection agencies 

EQ Fico 2009 500's
TU Fico 2009 500's

EQ Fico 04/10/2012 663 (SW alert)
TU Fico 04/13/2012 653 (Walmart)

Goal: 760 by 12/2013 and close on my first house :smileyvery-happy:

Goal - 720 by 12/31/12
Established Contributor
fot1
Posts: 681
Registered: ‎01-10-2011
0

Re: I've been using Freescore.com to get my credit scores....

Have you pulled your reprts from https://www.annualcreditreport.com/cra/index yet? These are direct from the CRA's and are more detailed then the ones you get from 3rd party sources. You get to pull a set once a year for free.. Make sure to make copies as you have a short period you can access them.

 


Tu- 799... What I wouldn't give for one more point..
Equifax-774
Experian-737

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