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Valued Contributor
rckstrscott
Posts: 2,660
Registered: ‎04-25-2011
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Re: My credit crisis, tired of being on the bottom when I am capable of more:


sphinx313 wrote:

Here are the delinquency dates going in order from the top of that list to the bottom, obviously the 4 accounts in good standing are not part of this list.

 

NOV 2010 1st premier


FEB 2010 Midland


NOV 2010 Cap one


AUG 2010 Verizon


APR 2010 Portfolio


APR 2008 FMRS FURN


APR 2010 Cap One


APR 2010 HSBC

 

As you can see, my life went down the tubes in one fell swoop VERY quickly and in the same stretch of time. I am prepared to position myself and make the necessary steps possible to fix this.


Where are you getting this DOFD information from??

 

-scott

Starting FICO Score: 10/10: TU 498 | EQ: 502 Current FICO Score(lender pull): 09/14: TU: 784 | EQ: 752 | EX: 784
Collections Removed: Hunter Warfield, CBE Group, Merchants Credit Guide, EOS-CCA, Enhanced Recovery, Portfolio Recovery, UCB, American Collection Company, Medical Business Bureau, Jefferson Capital, Credit Portfolio Associates, FCO, LVNV, Convergent, Armor Systems
Other Negative Entries Removed:Plains Commerce CO, HSBC CO, 2008 Judgment Santander Reposession


Positive Accounts:10/10: 0 | 07/12: 6 | Mortgage Closed 5/12, Macy's AMEX $13900, Citi/Home Depot $8500, Capital One Cash Rewards $3500, BOA $7500 Total Utilization: 3%. AAoA: 2yr, 9mth. INQS: 1 TU, 1 EQ, 3 EX
Established Contributor
sphinx313
Posts: 567
Registered: ‎02-12-2011
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Re: My credit crisis, tired of being on the bottom when I am capable of more:

The current credit report I have shows the first date the accounts went negative on the TL. They all went to hell pretty much at the same time when my mother had left and I had to pay bills on cards and let them go.



Starting Score: 532/564 10/21/12
Current Score: TU: 594 EQ: 628 EX: 617 BoA Credit Pull Denial Letter 2/20/2013
Goal Score: 700


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KnewBee
Posts: 89
Registered: ‎10-10-2012
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Re: My credit crisis, tired of being on the bottom when I am capable of more:

Op, good luck! You are not alone. I am in a similar boat as you. In just a month I have already made some good progress. Hang in there! 

Starting Scores: 9/19/2012 EQ 613 / TU 526 / EX PLUS FAKO 563

Current Scores: EQ 642 / TU 519 / EX PLUS FAKO 610

Goal Scores: 700
Established Contributor
sphinx313
Posts: 567
Registered: ‎02-12-2011
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Re: My credit crisis, tired of being on the bottom when I am capable of more:

[ Edited ]

Just off the horn with First Premier. They said my account is in the control of "Accounts Receivable Management" and gave me their phone number. How should I approach this and the other Capital One? Just called Capital One and apparently they are still in control of that account.



Starting Score: 532/564 10/21/12
Current Score: TU: 594 EQ: 628 EX: 617 BoA Credit Pull Denial Letter 2/20/2013
Goal Score: 700


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Shogun
Posts: 12,952
Registered: ‎04-15-2011
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Re: My credit crisis, tired of being on the bottom when I am capable of more:

Do you have the money to pay them?  If so, send them a PFD.


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+

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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!
Established Contributor
sphinx313
Posts: 567
Registered: ‎02-12-2011
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Re: My credit crisis, tired of being on the bottom when I am capable of more:

Do I offer the PFD on the full amount or is there any strategy for different percentages? I'm not looking for a deal, I'm looking to clean this all up, but I'm not opposed to saving more for other debts.



Starting Score: 532/564 10/21/12
Current Score: TU: 594 EQ: 628 EX: 617 BoA Credit Pull Denial Letter 2/20/2013
Goal Score: 700


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Shogun
Posts: 12,952
Registered: ‎04-15-2011
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Re: My credit crisis, tired of being on the bottom when I am capable of more:

Sure, why not try to get a bargain? 


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+

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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!
Established Contributor
sphinx313
Posts: 567
Registered: ‎02-12-2011
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Re: My credit crisis, tired of being on the bottom when I am capable of more:

[ Edited ]

About the IVY TECH collection....do I just call the school and see if I can pay them? Would I see an increase in credit score by paying that $1700 down to 0? Any tips on the approach or should I just cut the check?

 

And do I want to PFD all of these accounts? It seems deleting some of the older ones may hurt me because of AAoA...or should I be more focused on the new accounts bringing me up? I am also in talks with a good friend of mine to get added as an AU to his 10 year old chase card with a 20k limit with never a late payment or anything on the TL.



Starting Score: 532/564 10/21/12
Current Score: TU: 594 EQ: 628 EX: 617 BoA Credit Pull Denial Letter 2/20/2013
Goal Score: 700


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jamie123
Posts: 868
Registered: ‎03-22-2012
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Re: My credit crisis, tired of being on the bottom when I am capable of more:

Welcome to the forum!

 

First off, don't just pay bad debts off! You need to read these forums and learn about how to write PFD (Pay For Delete) letters. Just paying off old debts does absolutely NOTHING for your scores. You need to have the negative information REMOVED from your reports!

 

As long as you still owe lenders money you have leverage. Once the debt is paid you have lost that leverage. You have the money, they want the money, work a deal.

 

Don't worry about AAoA right now. Your scores are so low because of the negative information it is much better to have the negatives removed.



Starting Score: EQ 658 6/18/12
Current Score: EQ 700 10/12/14 - EX 687 7/21/14 - TU 682 7/21/14
Goal Score: EQ 720+
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Established Contributor
sphinx313
Posts: 567
Registered: ‎02-12-2011
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Re: My credit crisis, tired of being on the bottom when I am capable of more:

While I agree with this, it is contrary to what else has been said. I am POSITIVE Ivy Tech will sue me if not paid. They sue everyone in this town who owes them money regardless of the amount and they work with a local CA. So if Ivy Tech or the CA they are working with don't accept a PFD, I still HAVE to pay. Losing a PFD battle is better than a Public Judgement, at least that's what I think.



Starting Score: 532/564 10/21/12
Current Score: TU: 594 EQ: 628 EX: 617 BoA Credit Pull Denial Letter 2/20/2013
Goal Score: 700


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