@Anonymous wrote:
@Anonymous wrote:I've submitted a few posts asking for pointer for individual accounts and mostly lurking/researching. Now I'm going to start this thread/journal just to keep track of my progress and motivate myself and others during this tedious process. My immediate goal is to improve my credit profile/score to rent an apartment for my fmaily by this summer. I have about two months to do this. . .Let's Go
Current Accounts
Credit Cards
- Victoria Secret Angel's Card (No late payments): $150/$1000
- Capital One (Secured;No Late payments): $175/$200 Expecting to PIF on April 3rd; Can't wait to see the possible score bump
- Capital One (Unsecured; No Late payments): $475/500
- Fingerhut:$0/$200
Installment Loans
Navient Student Loan (Federal): Insanely Large Amount; No Late Payments
Closed Accounts
Credit Cards
- Macys: $559 (charged off); stop reporting in 2012; Northland Group is collecting on it; Faxed a PFD to Macy's on 3/25 and awaiting awaiting response
- Citizens Bank: $1000 (charged off); stopped reporting; unsure of which collection agency is collecting but only OC appears on credit report
- Capital One: $904 (charged off); reports monthly, as of last week they still own the debt
Installment Loans
- CitiAssist Loan (private): $8,000 (charged off); Currently in contact with the EO office to see if they will allow me to start making monthly payments to them
- Discover Student Loans (private): $3,000 (charged off); Currently in contact with the EO office to see if they will allow me to start making monthly payments to them
- AES (federal): Paid/Closed in 2013 by consolidation; Still reports 60 and 90 day lates; Faxed GW letter on 3/21 to remove lates and awaiting response; Just sent another GW to the President/CEO on 3/29
- Nelnet (federal): Paid/Closed in 2013 by consolidation; Still reorts a 90 day late; Looking for a contact to send GW letter
- Campus Partners (federal): Paid/Closed in 2013 by consolidation; Still reports lates; Looking for contact to send GW Letter
Collections
AFNI: $1596.83 for an AT&T; emailed AFNI on 3/25 a settlement amount of 10% of original balance in exchange for deletion; awaiting response
Got the following response today from AFNI:
"Thank you for your recent inquiry to Afni, Inc. regarding your AT&T Mobility account. Unfortunately, your request to establish a settlement agreement to resolve the account for 10% of the balance, $159.68, does not meet pre-established criteria set by Afni and/or our client. Please contact a representative of Afni at 1-877-859-8781 to discuss these details. Also your account will be reported to all 3 major credit reporting agencies as closed and Settled In Full or Paid In Full once a payment of the (SIF/PIF) amount posts. We do not exchange credit deletions for payments."
Guess they will have to wait until I save up the money. 
@Anonymous wrote:
@Anonymous wrote:
@Anonymous wrote:I've submitted a few posts asking for pointer for individual accounts and mostly lurking/researching. Now I'm going to start this thread/journal just to keep track of my progress and motivate myself and others during this tedious process. My immediate goal is to improve my credit profile/score to rent an apartment for my fmaily by this summer. I have about two months to do this. . .Let's Go
Current Accounts
Credit Cards
- Victoria Secret Angel's Card (No late payments): $150/$1000
- Capital One (Secured;No Late payments): $175/$200 Expecting to PIF on April 3rd; Can't wait to see the possible score bump
- Capital One (Unsecured; No Late payments): $475/500
- Fingerhut:$0/$200
Installment Loans
Navient Student Loan (Federal): Insanely Large Amount; No Late Payments
Closed Accounts
Credit Cards
- Macys: $559 (charged off); stop reporting in 2012; Northland Group is collecting on it; Faxed a PFD to Macy's on 3/25 and awaiting awaiting response
- Citizens Bank: $1000 (charged off); stopped reporting; unsure of which collection agency is collecting but only OC appears on credit report
- Capital One: $904 (charged off); reports monthly, as of last week they still own the debt
Installment Loans
- CitiAssist Loan (private): $8,000 (charged off); Currently in contact with the EO office to see if they will allow me to start making monthly payments to them
- Discover Student Loans (private): $3,000 (charged off); Currently in contact with the EO office to see if they will allow me to start making monthly payments to them
- AES (federal): Paid/Closed in 2013 by consolidation; Still reports 60 and 90 day lates; Faxed GW letter on 3/21 to remove lates and awaiting response; Just sent another GW to the President/CEO on 3/29
- Nelnet (federal): Paid/Closed in 2013 by consolidation; Still reorts a 90 day late; Looking for a contact to send GW letter
- Campus Partners (federal): Paid/Closed in 2013 by consolidation; Still reports lates; Looking for contact to send GW Letter
Collections
AFNI: $1596.83 for an AT&T; emailed AFNI on 3/25 a settlement amount of 10% of original balance in exchange for deletion; awaiting response
Got the following response today from AFNI:
"Thank you for your recent inquiry to Afni, Inc. regarding your AT&T Mobility account. Unfortunately, your request to establish a settlement agreement to resolve the account for 10% of the balance, $159.68, does not meet pre-established criteria set by Afni and/or our client. Please contact a representative of Afni at 1-877-859-8781 to discuss these details. Also your account will be reported to all 3 major credit reporting agencies as closed and Settled In Full or Paid In Full once a payment of the (SIF/PIF) amount posts. We do not exchange credit deletions for payments."
Guess they will have to wait until I save up the money.
Don't give up. Send them another letter offering a higher % of balance (depending on when SOL expires), but insist on PFD. This is a negotiation.
@Anonymous wrote:
@Anonymous wrote:
@Anonymous wrote:I've submitted a few posts asking for pointer for individual accounts and mostly lurking/researching. Now I'm going to start this thread/journal just to keep track of my progress and motivate myself and others during this tedious process. My immediate goal is to improve my credit profile/score to rent an apartment for my fmaily by this summer. I have about two months to do this. . .Let's Go
Current Accounts
Credit Cards
- Victoria Secret Angel's Card (No late payments): $150/$1000
- Capital One (Secured;No Late payments): $175/$200 Expecting to PIF on April 3rd; Can't wait to see the possible score bump
- Capital One (Unsecured; No Late payments): $475/500
- Fingerhut:$0/$200
Installment Loans
Navient Student Loan (Federal): Insanely Large Amount; No Late Payments
Closed Accounts
Credit Cards
- Macys: $559 (charged off); stop reporting in 2012; Northland Group is collecting on it; Faxed a PFD to Macy's on 3/25 and awaiting awaiting response
- Citizens Bank: $1000 (charged off); stopped reporting; unsure of which collection agency is collecting but only OC appears on credit report
- Capital One: $904 (charged off); reports monthly, as of last week they still own the debt
Installment Loans
- CitiAssist Loan (private): $8,000 (charged off); Currently in contact with the EO office to see if they will allow me to start making monthly payments to them
- Discover Student Loans (private): $3,000 (charged off); Currently in contact with the EO office to see if they will allow me to start making monthly payments to them
- AES (federal): Paid/Closed in 2013 by consolidation; Still reports 60 and 90 day lates; Faxed GW letter on 3/21 to remove lates and awaiting response; Just sent another GW to the President/CEO on 3/29
- Nelnet (federal): Paid/Closed in 2013 by consolidation; Still reorts a 90 day late; Looking for a contact to send GW letter
- Campus Partners (federal): Paid/Closed in 2013 by consolidation; Still reports lates; Looking for contact to send GW Letter
Collections
AFNI: $1596.83 for an AT&T; emailed AFNI on 3/25 a settlement amount of 10% of original balance in exchange for deletion; awaiting response
Got the following response today from AFNI:
"Thank you for your recent inquiry to Afni, Inc. regarding your AT&T Mobility account. Unfortunately, your request to establish a settlement agreement to resolve the account for 10% of the balance, $159.68, does not meet pre-established criteria set by Afni and/or our client. Please contact a representative of Afni at 1-877-859-8781 to discuss these details. Also your account will be reported to all 3 major credit reporting agencies as closed and Settled In Full or Paid In Full once a payment of the (SIF/PIF) amount posts. We do not exchange credit deletions for payments."
Guess they will have to wait until I save up the money.
Two observations:
You need to take care of the Credit Card Charge Offs in order to get them reporting a zero balance. These are hurting your scores in two ways - they are major derogs against your payment history (35% of your score) and they are also a major hit against your UTI% (30% of your score). Get these settled first, before they also become collections as well. Once you get them settled, you can get your UTI% on your current accounts to a manageable level (<30% at the very least, <10% ideally) - This is going to be the FASTEST way to get your scores up.
You offer to AFNI was unrealistic at best, unless the debt is 7 years old and within months of report exclusion. A PFD offer is generally a PIF offer. You can continue to try to negotiate, but IMO, if the debt is relatively new, the best strategy is to wait for it to move to a new collector (they usually move in 6 month intervals unless the collector is 'making progress'). When it hits a new collector you can make immediate payment arrangements in order to keep them from reporting. If the previous collector has not deleted their report, you can easily dispute it off with a comment of 'Collector does not have collection authority for this account'.