No credit card required
Browse credit cards from a variety of issuers to see if there's a better card for you.
Hello everyone! I am new to this forum, I am in the process of rebuilding my credit; however, I have these 5 derrogatory accounts lingering and keeping me from getting approved by other higher credit card companies. It is frustrating!!!! I am wondering if anyone has any idea on how to remove them? Any help would be GREATLY appreciated!!!
5 Derrogatory accounts
-2 First Premier Bank Cards
-World Financial Bank
-Kay Jewelers
-Orchard Bank
Thanks I appreciate your help!!!
You've come to the right place. I'm sure someone (probably several someone's) will jump in soon & offer some advice. I'll get the ball rolling though b/c they're probably going to need a little more info to get started.
How old are the accounts? When you say derrogatory, are they charged off or just late...or, paid off & just late on your account? How old are the late payments? If they still have balances, what are the balances? What state do you live in?
Welcome to the board!
test
The very first question is whether any of the information being reported is incorrect. If they are all correct (but derogatory), then they will be excluded from reporting in accordance with the FCRA. The specifics about this aging varies by type of account (OC or CO typically). As the other poster said, we will need more information.
@Anonymous wrote:Hello everyone! I am new to this forum, I am in the process of rebuilding my credit; however, I have these 5 derrogatory accounts lingering and keeping me from getting approved by other higher credit card companies. It is frustrating!!!! I am wondering if anyone has any idea on how to remove them? Any help would be GREATLY appreciated!!!
5 Derrogatory accounts
-2 First Premier Bank Cards
-World Financial Bank
-Kay Jewelers
-Orchard Bank
Thanks I appreciate your help!!!
The first thing I would ask is are these paid or unpaid? are they only the original creditor or are they collection account?
Second thing is what are your positive current accounts?
Hello All THANK YOU for all your help thus far.
Credit Karma Derrogatory Accounts (5). Here is a list.
@Anonymous wrote:Hello All THANK YOU for all your help thus far.
Credit Karma Derrogatory Accounts (5). Here is a list.
Creditor NameFST PREMIERAccount TypeCredit CardAccount StatusClosed - DerogatoryOpened DateJul 19, 2009Closed DateMar 09, 2011Limit$300Term--Monthly Payment$0ResponsibilityIndividualBalance$564Highest Balance$564Payment StatusCollection/Charge-OffWorst Payment StatusUnknownDate of Last PaymentDec 23, 2010Amount Past Due$564Times 30/60/90 Days Late0/0/0RemarksCharged off as bad debt
Profit and loss write-off PFD offer_______________________________
Creditor NameFST PREMIERAccount TypeCredit CardAccount StatusClosed - DerogatoryOpened DateJan 31, 2009Closed DateJan 31, 2011Limit$250Term--Monthly Payment$0ResponsibilityIndividualBalance$350Highest Balance$351Payment StatusCollection/Charge-OffDate of Last PaymentMar 20, 2013Amount Past Due$0Times 30/60/90 Days Late0/0/0RemarksPayment after charge off/collection If this is in fact paid off then a GW letter http://ficoforums.myfico.com/t5/Rebuilding-Your-Credit/GW-letter-Q-amp-A-Examples-and-GW-Success-Stories/td-p/1573680______________________________________________________________________________________________Last ReportedApr 16, 2014Creditor NameCB/BEALLSAccount TypeCharge AccountAccount StatusClosed - DerogatoryOpened DateDec 22, 2010Closed DateNov 22, 2012Limit--Term--Monthly Payment$0ResponsibilityIndividualBalance$0Highest Balance$452Payment StatusCollection/Charge-OffWorst Payment StatusUnknownDate of Last PaymentMay 01, 2012Amount Past Due$0Times 30/60/90 Days Late0/0/0RemarksPayment after charge off/collection GW letter
Dispute resolved; customer disagrees_______________________________________________________Last ReportedJun 26, 2013Creditor NameKAY JEWELERSAccount TypeCharge AccountAccount StatusClosed - DerogatoryOpened DateNov 16, 2010Closed DateJun 28, 2012Limit--Term--Monthly Payment$0ResponsibilityIndividualBalance$0Highest Balance$0Payment StatusCollection/Charge-OffWorst Payment StatusUnknownDate of Last PaymentOct 18, 2012Amount Past Due$0Times 30/60/90 Days Late0/0/0RemarksPayment after charge off/collection GW letter
Canceled by credit grantor.__________________________________________________________________________Last ReportedJun 11, 2013Creditor NameCAPITAL ONEAccount TypeCredit CardAccount StatusClosed - DerogatoryOpened DateSep 14, 2010Closed DateOct 17, 2012Limit$300Term--Monthly Payment$0ResponsibilityIndividualBalance$0Highest Balance$651Payment StatusCollection/Charge-OffWorst Payment StatusUnknownDate of Last PaymentApr 17, 2012Amount Past Due$0Times 30/60/90 Days Late0/0/0RemarksPayment after charge off/collection
Dispute resolved; customer disagrees GW letterTHAT IS ALL MY DERROGATORY ACCOUNTS. ANY HELP ON REMOVING THEM WOULD BE GREATLY APPRECIATED!!!! These were the mistakes i made when i was a youngin LOL! We have all been there...
Welcome to My Fico
Thank you so much! I will be working on the letters this weekend!