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Hi All,
I recently applied for a Jared Jewelry Credit Card. The credit is supposed to be easy to obtain, even with a credit score in the 500's.
My credit score is currently 600 and I hve been rebuilding since November 2015. I was denied for the credit at the store. The reason wasn't for my credit score, but it was because I have 3 open negative collections accounts.
I was very confused and thought I only had 1 left, so I contacted Equifax, as this was what they pulled. Please see my findings and question below:
1. Hospital Bill ($1100). I paid this off to the collection company in November 2015. I called them yesterday and they told me in November that they sent a letter to delete to all 3 credit bureaus. Only 1 of the bureaus deleted it. I asked them to send me the letter via fax. I now have the letter.
2. Comcast ($250). This was not on my credit report per myFICO when I ran it 3 months ago. Now all of the sudden it is on my Equifax report with an assigned date of October 2014!!! I was dumbfounded. I called Comcast yesterday and pleaded my case that I have never had an account with them. They verified this over the phone and sent a letter to the local office which I am going to pick up today.
3. Medical Bill ($260) I am paying this off tomorrow. I am hoping to obtain a letter via fax from them as well.
My question is, with these letters, can i contact Equifax and have them change my accounts so they show PAID at least? I am not worreid about them deleting them right away, I just need them to show PAID as a status, so I can get this card. I am preparing to purchase an engagement ring that I need by May, so I cannot wait 60-90 days for the status to change. I am curious if I can contact Equifax and take care of it myself with the documents.
Please, any thoughts are helpful.
Thank you,
JA
Sorry to hear about your denial, but given what the store saw on your reports (true or not) I think you can see why they denied your credit.
If you are planning on being married for the long haul there is not reason to rush into a situation to get the best ring today (or by May). If it takes time to clean things up (it will) you will likely have better terms once things are cleaned up.
Your future spouse should understand that this is what will be best for you as a 'Team". Since you are financing the ring you will both be dealing with the payments.
I do understand the feeling that you need to get the biggest ring and get it now. Those of us on the forums that have kids that are approaching your age see things a bit differently.
Congrats on the future engagement.
I am not purchasing a huge ring. I have been repairing my credit for 6 months now, so I am not oblivious to the challenges that I face.
I have actually paid off 90% of my debt and if you read 2 of the 3 items that remain on my credit report, they are items that I have already paid off in NOVEMBER 2015, or items that are fraud.
Please any help with my question would be much appreciated.
Thank you again all.
I would recommend asking about the collections in the Rebuilding Credit thread. They can be helpful in finding ways to handle collections accounts and give you information on how quickly they might be removed.
Thank you. I will definitely do so!
JA
OP, please post your question once in one section of the board. You have posted the same question in different sections (under "Credit Cards" and then under "General Credit") and that is against the terms and conditions of the board. Thanks.
Others have also provided some good advice here. I hope it all works out for you.
Just because there is a PAID status, it's still a collection. I'd work on getting a removal and it will take time. They won't take your word for it over the phone.
I had letter showing there would be a deletion of the trade and they returned it to me, stating it must come from the creditor. You'll probably get a lot of different opinions. I swear, this is a YMMV type of thing.
I'd work on those deletions.
Please do not post the same message in multiple forums. This the third post of the same thing. Multiple posts can be confusing to the posters trying to respond and is a violation of this site's ToS.
The CB will not take your word for it 99% of the time however I have had luck when an inquiry was placed on my account from a mortgage company. I called up EX and they took care of everything including placing a fraud alert and notifying other CB. You have nothing to lose but a wasted phone call. Good luck and keep up posted.
I don't know what Equifax can do for you but you should call and discuss it with them. According to Google their phone number is:
Equifax Customer Service
866 349-5191
You could also try calling and speaking with the Customer Service department at Jared. If you have proof (that you can fax to them) that two of the accounts have been paid, and that the 3rd wasn't yours to begin with...they may be able to manually approve your application. They'll probably be more open to a manual "override" considering the situation at hand.
Jared Customer Service
(800) 527-8229
Good luck and let us know how it goes!