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Help me get started (again)!!

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Anonymous
Not applicable

Help me get started (again)!!

So, I've been "repairing" my credit now for the last year, and I can't seem to make any progress...kinda

 

I'm a member of PSECU, so I have been monitoring my Experian FICO during this time and found that it started at the 580s and now can't seem to break 620. It seems like my score can fluctuate between 590 and 620 based solely on my % utilization.

 

I have made some progress though. In 2007, I bought a car and needed my dad to cosign with me just to get my APR down to the 8% range (on my own I was in the 16% range). Last month, I bought a new Toyota Prius and was able to qualify for their 0.9% APR special. This was available to Credit Tiers 3 -> 1+. The dealer said that 620 was the cutoff on the low end. When they financed me, they said that I was Tier 2. I know this doesn't really count since it is the Auto Enhanced score and I had 2 cars previously on my report without any missed payments.

 

Right now, I'm trying to break through the 620 ceiling and hit 640 to qualify for an FHA loan, but I'm confused about what to do next.

 

Currently, I have the following credit cards:

 

Capital One Platinum

$500 CL

No AF

Opened in 6/10

 

Capital One Rewards

$750 CL

$39 AF

Opened in 10/10

 

Barclay's iTunes Rewards

$500 CL

No AF
Opened in 2/11

 

I just closed my Orchard Bank card that was opened in 5/10. They weren't willing to remove my AF or increase my CL so I cancelled to avoid the $59 AF.

 

 

Message 1 of 5
4 REPLIES 4
Anonymous
Not applicable

Re: Help me get started (again)!!

Here are my negative accounts:

 

I have 6 SL accounts that were defaulted and rehabilitated. Here's the negative info on them:

 

Creditor's Statement: 
Account transferred to another lender.

 


Account History: 
180 days past due as of Aug 2008 to Dec 2008 
150 days past due as of Jul 2008 
120 days past due as of Jun 2008 
90 days past due as of May 2008 
60 days past due as of Apr 2008

 

SAMS CLUB/GE MONEY BANK

 

Status: 
Closed. $576 written off.

 

 


Date Opened: 
05/2007

Date of Status: 
12/2008

Reported Since: 
06/2007

Last Reported Date: 
12/2008

 


Type: 
Revolving

Terms: 
N/A 

Monthly Payment: 
$0

Responsibility: 
Individual 

 


Credit Limit: 
N/A

High Balance: 
$576 

Recent Balance: 
N/A

Recent Payment: 
N/A

 

 

 


Creditor's Statement: 
Purchased by another lender.

 


Account History: 
Charge Off as of Sep 2008 to Nov 2008 
150 days past due as of Aug 2008 
120 days past due as of Jul 2008 
90 days past due as of Jun 2008 
60 days past due as of May 2008 
30 days past due as of Apr 2008

I had moved and forgot about the account. I paid the CA as soon as I realized my mistake.

 

BEST BUY/HSBC

 

Status: 
Closed.

 

 


Date Opened: 
09/2003

Date of Status: 
03/2005

Reported Since: 
02/2005

Last Reported Date: 
03/2005

 


Type: 
Revolving

Terms: 
N/A 

Monthly Payment: 
$0

Responsibility: 
Individual 

 


Credit Limit: 
$500

High Balance: 
$635 

Recent Balance: 
N/A

Recent Payment: 
N/A

 

 

 


Creditor's Statement: 
Purchased by another lender.

 


Account History: 
Charge Off as of Feb 2005

 

I believe the Best Buy is past the SOL since the first 30 day late occured in 2003 or early 2004. It is only reported on my Experian report.

 

MERCHANTS CREDIT ASSOCIA

 

Address: 
 4126 CLEMSON BLVD STE 1A 
  ANDERSON, SC 29621 
 (864) 226-5357

Account Number: 
XXXXXXXXXXXXXXXXXXXXXX

Original Creditor:
GOLDEN CORNER FAMILY PRACTICE

 

 


Status: 
Collection account. $224 past due as of Feb 2011.


Status Details: 
This account is scheduled to continue on record until Mar 2012. 
This item was verified and updated on Mar 2011.

 


Date Opened: 
02/2006

Date of Status: 
11/2010

Reported Since: 
11/2010

Last Reported Date: 
02/2011

 


Type: 
Collection

Terms: 
1 Months 

Monthly Payment: 
$0

Responsibility: 
Individual 

 


Credit Limit: 
$224

High Balance: 
N/A 

Recent Balance: 
$224

Recent Payment: 
$0

 

 

 


Account History: 
Collection as of Feb 2011, Nov 2010

I never visited this doctor's office, and this collection only shows up on my Experian report.

 


Message 2 of 5
Anonymous
Not applicable

Re: Help me get started (again)!!

NATIONAL RECOVERY AGENCY

 

Address: 
 2491 PAXTON ST 
  HARRISBURG, PA 17111 
 (800) 773-4503

Account Number: 
XXXXXXXX

Original Creditor:
NRA GROUP LLC

 

 


Status: 
Collection account. $226 past due as of Mar 2011.


Status Details: 
This account is scheduled to continue on record until Oct 2014. 
This item was verified and updated on Dec 2010.

 


Date Opened: 
09/2010

Date of Status: 
11/2010

Reported Since: 
11/2010

Last Reported Date: 
03/2011


Type: 
Collection

Terms: 
1 Months 

Monthly Payment: 
$0

Responsibility: 
Individual 

 


Credit Limit: 
$226

High Balance: 
N/A 

Recent Balance: 
$226

Recent Payment: 
$0

 

 

 

 


Account History: 
Collection as of Mar 2011, Feb 2011, Nov 2010

 

This one is on all 3 CRA reports. If you look, the NRA group is listed as the OC. How can the OC be the same as the CA????!!!

 

REMIT CORP

 

Address: 
 36 W MAIN ST 
  BLOOMSBURG, PA 17815 
 
No phone number available

Account Number: 
XXXXXXXXXXXXXXXXXX 

Original Creditor:
SUSQUEHANNA PHYSICIAN SERVICES

 


Status: 
Collection account. $54 past due as of Apr 2009.


Status Details: 
This account is scheduled to continue on record until Oct 2014. 
This item was verified and updated on Mar 2011.

 


Date Opened: 
09/2008

Date of Status: 
11/2008

Reported Since: 
11/2008

Last Reported Date: 
04/2009


Type: 
Collection

Terms: 
1 Months 

Monthly Payment: 
$0

Responsibility: 
Individual 

 


Credit Limit: 
$54

High Balance: 
N/A 

Recent Balance: 
$54

Recent Payment: 
$0

 

 

 

 


Account History: 
Collection as of Apr 2009, Dec 2008, Nov 2008

 

This one is on EX and EQ but not TU.

 

BANK OF AMERICA

 

Status: 
Closed.

 

 


Date Opened: 
02/2003

Date of Status: 
03/2011

Reported Since: 
02/2004

Last Reported Date: 
03/2011


Type: 
Revolving

Terms: 
N/A 

Monthly Payment: 
$24

Responsibility: 
Individual 

 


Credit Limit: 
$2,000

High Balance: 
$2,602 

Recent Balance: 
$0

Recent Payment: 
$778

 

 

 

 


Creditor's Statement: 
Account closed at credit grantor's request.

 


Account History: 
180 days past due as of Oct 2005 to Mar 2006 
150 days past due as of Mar 2007 to Jun 2007, Oct 2006 to Jan 2007, Apr 2006 to Aug 2006, Aug 2005 
120 days past due as of Jul 2007, Feb 2007, Jul 2005 
90 days past due as of Jun 2005 
60 days past due as of May 2005 
30 days past due as of Apr 2005

 

This shows up completely differently on EX, EQ and TU. EQ lists it as a positive losed account, TU lists 120+ day lates in 2008 and the EX is above. I called BOA today to try to figure out why they are so different and they basically said that they couldn't verify the account history from that far back. I asked if they could remove the incorrect information from my report and they told me to pound sand and dispute with the CRAs.

 

I have tried PFDs with all 3 CAs with no response.

 

I have sent a GW letter to GEMB with no response.

 

I have sent GW letters to BOA and spoken with the Executive Customer Relations for the Office of the President and CEO with absolutely no help. They told me that it is their policy to report correctly.

 

What am I doing wrong?? What's my next step??

 

 

Message 3 of 5
llecs
Moderator Emeritus

Re: Help me get started (again)!!

Give as much time as you can between the car + CCs and the mortgage. You might have taken a score hit for the car and Barclays, though most of the points will return within 6 months and the rest by a year.

 

On your three remaining CCs, get 2 of the 3 to report $0 for max points and get the remaining to report a balance of under 9% of the CL. Don't close any more CC before your mortgage. Don't ask for any more CLIs before your mortgage either (due to risk of inquiries).

 

For the SLs, send a GW asking them to remove any lates. If federally-backed, then it'll be a challenge to remove any lates.

 

Sams/GEMB - Send a GW. If that didn't work, then send it again. Be persistent.

 

BB - I personally wouldn't do anything. It is scored as a CO, but it hasn't updated in 6 years. If this is your oldest revolving, then likely the age of this TL helps your score more than the 6yo CO hurts.

 

Merchants Credit ASsociation - I would do some homework first. Look on the OC's website or look up on the web to see what doctors practice  there. Maybe a former doc moved to that practice or that practice bought out your doctor? Who knows. If still convinced that it isn't yours, and a dispute didn't work, then contact that doctors' practice. Google the OC's name for the contact info. If they say that you aren't a patient, then explain to them who is reporting and maybe they can recall the debt. If they are being pains in the rear end about it, then I'd start with a complaint to the BBB citing both the practice (since they furnished the info to the CA) and the CA. That might get the ball rolling.

 

National Recovery - send a DV

 

Remit - Either 1) send a DV and if verified, send a PFD, or 2) pay the balance to the OC and follow the HIPAA process.

 

BofA is tough. Keep sending GWs. IMO, if they haven't helped after sending a GW, then you haven't sent enough GWs.

 

 

Message 4 of 5
Anonymous
Not applicable

Re: Help me get started (again)!!

Thanks for the advice!!

Message 5 of 5
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