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I've officially began my journey on rebuilding, (around two week ago) even though I want it to be more like a quick walk to the corner. My wife and I are looking to upgrade to a larger home for our growing family. We are looking to buy a home no later than October. Her credit is perfect. Mine not so much.
The years 2009 and 2010 were terrible for me. I had all sorts of unexpected life changing events that had a direct impact on my finances and ultimatley tanked my credit. I had our broker pull my credit and my scores and all sat in the 650's. Below are my "baddies" and things I need to solve.
CAPITAL ONE BANK USA NA
Status: Closed. $1,085 written off.
Balance $0
Date Opened: 08/2007
Reported Since: 10/2007
Date of Status: 01/2010
Last Reported: 02/2010
Comment: Purchased by another lender.
DOFD 07/2009
CAPITAL ONE Account now deleted from credit reports!!!!
Balance: $4,833
Date Updated: 02/28/2011
Last Payment Made: 03/11/2010
High Balance: $4,833
Original ChargeOff: $4,833
Credit Limit: $4,005
Past Due: >$130<
CHASE CARD
Status: Closed. $1,052 past due as of Jun 2010.
Balance $0
Date Opened: 05/2005
Reported Since: 06/2005
Date of Status: 08/2009
Last Reported: 06/2010
Comment: Purchased by another lender.
DOFD 08/2009
ADVANTA BANK
This account has been deleted from TU, EQ and EF.
Status: Account charged off. $3,361 w ritten off. $3,362. Past due as of Apr 2015.
Date Opened: 11/2007 Reported Since: 12/2007 Date of Status: 09/2009 Last Reported: 04/2015
Recent Balance: $3,362 as of 04/2015
DOFD 05/2009
MIDLAND FUNDING
Status: Collection account. $4,675 past due as of Apr 2015. Status Details:
Original Creditor: CHASEBANK USA N.A.
Date Opened: 06/2010
Reported Since: 07/2010
Date of Status: 07/2010
Last Reported: 04/2015
Type: Debt Buyer
Recent Balance: $4,675 as of 04/2015
Expires 7/2009
MIDLAND FUNDING
Balance $0
Date Opened: 05/2013
Reported Since: 07/2013
Date of Status: 02/2015
Last Reported:02/2015
Comment: Account paid in full for less than full balance
PORTFOLIO RECOVERY ASSOCIATES
Balance $1104
Original Creditor: CAPITAL ONE BANK USA NA
Status: Collection account. $1,104 past due as of Apr 2015.
Date Opened: 01/2010
Reported Since:03/2010
Date of Status: 03/2010
Last Reported: 04/2015
4/19/2015 Experian - Report Summary
Completed investigation of FCRA dispute - consumer
disagrees.
Lastly I have a 30day late on an AES student loan in 2010 but have been perfect every other month. I am trying good will but have had no luck
Last week I disputed the Advanta tradeline with TU since I was not sure of this account and Advanta bank corp was forced closed March 2010 and the FDIC could not find a purchasing institution so there was no way Advanta was the one reporting this. Dispute was concluded and tradeline deleted in less than 24hrs. That caused my TU score to go up to 683.
The portfolio account I am going to work on next. I have never disputed anything with them nor have I received any documentation with their findings.
If any of you contributors out there have advice on how to approach this It would be greatly appreciated. Keep in mind I am going to buy a house and based on my scores I do qualify for a conventional loan but may have a hiccup with the pending portfolio $1104 and Midland $4675 balance. If this were not the case I would let them drop off.
As I check off my progress I'll post results so at least on person can hopefully learn as much as I have from this site. Paying it forward here.
****Update****
I have managed to get two Capital one derogatory accounts deleted by sending GW letters. Within a week of sending them I received a notice that they are being deleted.
The advanta account has been deleted as well. I disputed this account and all three CRA deleted them!!
If i manage to solve the other issues I suspect I'll be above 750 soon. I cant thank everyone enough that shares their knowledge here. It has helped me big time.
Two weeks ago I was in the 650's and now I am at 713 EQ, 719, TU and 716 EX!