02-27-2013 05:59 PM - edited 04-12-2013 11:06 AM
Starting a thread so I can track everything I'm doing and have done to get these collections taken care of.
FAKO Scores and the baddies as of 2/8/13:
Experian: 485 - 8 collections, 2 CO.
TransUnion: 503 - 6 collections, 2 CO.
Equifax: 590 - 0 collections, 2 CO, 1 collection reporting as "factoring company" and reporting 120+days late.
02-28-2013 08:20 PM - edited 04-12-2013 11:07 AM
Accounts with no lates:
Accounts with late payments:
Accounts closed by credit grantor:
** Currently using 107% (yes... you read that right, I'm cringing just typing this) of my credit as of 2/8/13 before I paid off anything**
02-28-2013 08:35 PM - edited 03-06-2013 04:31 PM
How did I get here?
Well, I hate to throw my sob story in your face but it's the truth and how this all went downhill. Up until 2011, I had fantastic credit. 718 was my highest score I believe and for a 21 year old... that was pretty great for me. In May of 2010,after my father was let go from his job, I borrowed my parents $2500 (I took cash out from a credit card because it was literally my only option) to put a deposit on a rental townhome and to purchase a beater car. My father was paying me monthly payments to help pay the debt off. In Febuary of 2011, my elderly father was diagnosed with cancer. He went into a nursing home so he could have care 24/7. I then was in charge of taking care of elderly mother who's only form of income was her monthly disability check of $400something. My father's social security checks had been signed over to the nursing home/hospital to help take care of his medical bills. I was working two part time jobs, trying to take care of my bills, my mother and their rented townhome. From February 2011-November 2011, my life spiraled out of control. By November, I had lost both of my parents, was nearly homeless and barely making enough money to pay for food, let alone worry about my credit/debt.
I absolutely do not regret doing everything I had to to take care of my parents.
I know I got myself into this credit "mess" and now that I'm back on my feet, I am busting my ass trying to get back on track. In March of 2012, I was finally able to start making regular, on time payments but unfortunately for some of my accounts it was too late for that. I didn't have the money at the time to worry about them so I was paying the ones that would benefit me to pay at the time. I got a full time job (also March of 2012) and from then on I was making payments on my open accounts on time every month. Because of my lovely full time job, I had the biggest tax return I've had yet and paid off $2,048 in debt this month (I paid off two credit cards, one down to 30% and one collection). *Sigh of relief* While that is a good chunk, I still have a long way to go and a lot to pay off.
I'm only 23 so I'm hoping by the time I am ready to purchase a home, my credit will be repaired completely and I won't have anything to worry about.
Any suggestions, advice, criticism.... throw it my way. I'm trying to learn as much as I can (and already have learned SO much from these forums) but I am young and don't know much about much of anything
03-02-2013 04:49 PM - edited 03-06-2013 04:32 PM
Today, I was instantly approved for a Victoria's Secret store card with a CL of $350!! I was very hestiant on whether the shopping card trick would work or not, but it did! So excited to get another positive TL reporting on my file!
03-02-2013 06:20 PM
Sorry to hear about your family. But I'm proud of the way you're handling it. Hang in there, you're doing great!
03-03-2013 07:57 AM
Yes! Sounds like you're going to make a strong -- and very well organized -- recovery. Good for you.
Losing both parents in such a short time must have really thrown you for an emotional loop as well as a financial one.
03-04-2013 03:20 PM - edited 03-06-2013 04:32 PM
3/4/13: Well, I wrote to Capital One via snail mail AND e-mailed the executive office. Got a call from the EO today.Denied. She claims "Capital One does not do Goodwill Adjustments because it would not be reporting accurately as required and that if there was anything she could do for me (wrote about how I lost both my parents two months apart at the time of the one missed payment in 6 years) she would do but unfortunately there is nothing."
Very discouraging... but I will not give up. My account will be flagged with this missed payment until 6/2018.
I guess I will see if anything comes from the written letter. In a few weeks, I'll try again.
03-05-2013 01:37 PM - edited 03-06-2013 04:33 PM
3/5/13: Sending a written letter to Capital One's Financial Corporate Office and to GE CRB / Care Credit for goodwill adjustments on late payments. *fingers crossed*