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HELP!!! What should be my next step??

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CadillacMack
Valued Member

HELP!!! What should be my next step??

Hey myFico Family,

 

So just like everyone else I do want to improve my credit score I believe this account is REALLLY dragging my score down. Take a look for me and let me know what would be your 'NEXT'  plan of action I have already disputed through equifax's website and it keeps coming back. It is on all 3 reports I chose to dispute because some of the information on this account is wrong and the car was totaled and gab insurance told me they paid in full so I shouldn't owe anything at all...What would you do:

 

 Status:CHARGE-OFF
Account Owner:Individual Account.High Credit:$16,271
Type of Account An installment loan has a fixed number of payments and the same payment due each month, such as a car loan or student loan.:InstallmentCredit Limit: 
Term Duration: Terms Frequency:Monthly (due every month)
Date Opened:12/19/2006Balance:$2,840
Date Reported:09/19/2012Amount Past Due: 
Date of Last Payment:01/2011Actual Payment Amount: 
Scheduled Payment Amount: Date of Last Activity:N/A
Date Major Delinquency First Reported:06/2011Months Reviewed:54
Creditor Classification: Activity Designator:N/A
Charge Off Amount: Deferred Payment Start Date: 
Balloon Payment Amount: Balloon Payment Date: 
Date Closed: Type of Loan:Auto Lease
Date of First Delinquency:08/2010
Comments:Consumer disputes after resolution, Charged off account

 

As far as the things that are incorrect: the start date of this account, never had a late payment in June or august..This is just crazy.

Any help is NEEDED!!

 

Thanks,

Cadillac Mack

Message 1 of 8
7 REPLIES 7
Shogun
Moderator Emeritus

Re: HELP!!! What should be my next step??

You say GAP ins. Paid the difference.  Do you have any proof of this?

Starting Score: 504
July 2013 score:
EQ FICO 819, TU08 778, EX "806 lender pull 07/26/2013
Goal Score: All Scores 760+, Newest goal 800+
Take the myFICO Fitness Challenge

Current scores after adding $81K in CLs and 2 new cars since July 2013
EQ:809 TU 777 EX 790 Now it's just garden time!

June 2017 update: All scores over 820, just pure gardening now.
Message 2 of 8
CadillacMack
Valued Member

Re: HELP!!! What should be my next step??

Yea they did, I did have it but I can't find it now and all it said was "remaining balance paid." Because of course insurance paid what the car was worth and gap paid the remainder. What's your thoughts there shogun?

Message 3 of 8
Shogun
Moderator Emeritus

Re: HELP!!! What should be my next step??

I would do some research.  Contact the insurance company and the GAP insurance and find what exactly was paid.

Starting Score: 504
July 2013 score:
EQ FICO 819, TU08 778, EX "806 lender pull 07/26/2013
Goal Score: All Scores 760+, Newest goal 800+
Take the myFICO Fitness Challenge

Current scores after adding $81K in CLs and 2 new cars since July 2013
EQ:809 TU 777 EX 790 Now it's just garden time!

June 2017 update: All scores over 820, just pure gardening now.
Message 4 of 8
Shogun
Moderator Emeritus

Re: HELP!!! What should be my next step??

I would do some research.  Contact the insurance company and the GAP insurance and find what exactly was paid.

Starting Score: 504
July 2013 score:
EQ FICO 819, TU08 778, EX "806 lender pull 07/26/2013
Goal Score: All Scores 760+, Newest goal 800+
Take the myFICO Fitness Challenge

Current scores after adding $81K in CLs and 2 new cars since July 2013
EQ:809 TU 777 EX 790 Now it's just garden time!

June 2017 update: All scores over 820, just pure gardening now.
Message 5 of 8
jamie123
Valued Contributor

Re: HELP!!! What should be my next step??

You need to get in writing what the insurance company paid and what GAP insurance was paid. Make copies of these and file a dispute with the CRAs attaching these receipts to the dispute.


Starting Score: EQ 653 6/21/12
Current Score: EQ 817 3/10/20 - EX 820 3/13/20 - TU 825 3/03/20
Message 6 of 8
Shogun
Moderator Emeritus

Re: HELP!!! What should be my next step??

Sorry for the double post, on the iPad.

Starting Score: 504
July 2013 score:
EQ FICO 819, TU08 778, EX "806 lender pull 07/26/2013
Goal Score: All Scores 760+, Newest goal 800+
Take the myFICO Fitness Challenge

Current scores after adding $81K in CLs and 2 new cars since July 2013
EQ:809 TU 777 EX 790 Now it's just garden time!

June 2017 update: All scores over 820, just pure gardening now.
Message 7 of 8
CadillacMack
Valued Member

Re: HELP!!! What should be my next step??

Thanks a lot guys I will be doing that!!

Message 8 of 8
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