Hi All,
This is my first post as a newly registered user. I've read the forum for a while and went ahead to look at my reports as I haven't done so in over a year and a half. Unforunatley to my suprise, I discovered a large problem and would like some assitance:
Three years ago,
I had a 690- 700 credit score, no lates and had 2 of my CC's maxed out, everything else had 0 balance. One of the cards was due to debt (Spending), other was last semester and a half of college, to avoid getting a loan.
I got approved for a 11,500.00 loan 3 years ago to consolidate the CC debt (lower apr), and obtained it through MBNA. Terms were roughly 350.00 or so a month for 39 months. MBNA later got purchased by BOA, and after the merger, I was able to pay it online through BOA's site.
Half way through the terms, I lost my job (1/07). I did what I could but after a few months and my reserves were gone, I couldn't not make the now double payment for the loan. Before it was due, I called up BOA, told them my situation, and asked what could be done to lower the loan arrangements. They put me on a plan that would supposidly not hurt my credit, lowered my rate, lenghened the terms, which dropped the payment to 150.00 a month. In order to due this they said I they would have to close out the line of credit. I made my payments, got the confirmation letter in the mail. and a month or so later, I got a new job.
My problem is now is that even though I was making my monthly payments of 150.00, BOA reported consistant 30 and 60 day late's each month on this account. What confuses me is 4 months later, BOA all of a sudden reported ok to the account until march of last year. I called in my payment over the phone, and the woman I spoke with never put applied my payment to my account. I recieved yet another 30 from them.
To make matter worse, I get a call shortly after the march insident from BOA telling me that they are removing me from the program since I was 30 days past due. I told the rep what happened. Luckly she re applied me back into a simular program, but with a 130.00 month payment, and no interest for up to 60 months to pay this thing off. I still owe 4400 on this.
EX reported a total of 6 30's and 5 60's, TU reported 5 30's and 5 60's again all pertaining to the same account.
I didn't order my scores with the reports, but I'm sure this is drastically affecting my scores. What can I do in light of all this? I am really for lack of a better word pissed off at this whole situation. Everything else is cristal clear.
Any help would be greatly appreciated.
