So December 2011 - Credit scores were all over 720
I made the move from California to Colorado for a cheaper living as well as a great job last week of December 2011. First week of January, company I made the move for sells and I am out of a job. Flash forward 10 months...Finally find another job..Forever everything went to hell in my credit.
Low and behold - I crashed all the way down to TU 464 and EQ- 433! 
With no income, I was scrounging to find anything to try and pay bills. Knowing what would kill me the most is to get the car reported. So I made sure to get that payment done at least enough so it wouldn't be a closed account.
So here is my situation as of December 2012:
Cap1 Card 1 (Used to HSBC) - $1471 C/O - Written off - Sent PFD of $1200 on 1/24/13
Cap1 Card 2 (used to be HSBC) - $440 Written Off - Sent PFD of $200 on 1/24/13 - Now sent to Cavalry Portfolio for collections. Will send PFD on 2/11/13
Cap1 Card 3 - $758 C/O - Written off - Sent PFD of $500 on 1/24/13 Paid $758 to close account. No PFD accepted. Time for GW letters now PIF.
Cap1 Card 4 - $1,026 C/O - Written off - Sent PFD of $750 on 1/24/13 Paid $500 off account. Will pay off next month.
Cap1 Card 5 (Best Buy Card) - $3,328 - Written Off - Sent PFD of $2,000 on 1/24/13
Amazon - $232 - Written off - Sent PFD of $50 on 1/24/13. Now sent to Portfolio for collections. Going to have to try and get removed. Will send PFD on 2/11/13
Shell/Citi - $326 - C/O - Written Off - Sent PFD of $250 on 1/24/13 - Settled less then full. Pays as agrees but still have lates and $0 balance. Sent GW to remove lates on 2/11/13
Lates include:
Chase Auto - 3 - 30 day and 2 60. Sent GW via snail mail and email on 1/23/13
SallieMae - 180 for 6 months - Paid up all late and past due amounts and now up to date. Sent GW via snail mail and email on 1/23/13. First Response and denial 2/4/13.
Collections:
City of SD - $116.00 - NO CLUE what this is for. Filled a dispute through all 3 CBs
Credit Management - $59. - Time Warner. This is incorrect as I paid this off and sent back the cable modem prior to collections. - Filled a dispute through all 3 CBs
LA Water and Power department - $113 - - Filled a dispute 1/25/2013 - REMOVED 2/4/12
NEW Collections
Portfolio Recovery - $236 from Amazon card - Will send PFD in the amount of $75 on Feb. 11 2013.
Progressive Insurance - $131. Sent proof showing paid on due date and hope to have this drop off.
Cavalry Portfolio - $448 - Will send PFD of $250 on 2/11/13. Was HSBC #2 card.
Man this is a fight!
Starting Score: EX 433 on 1/25/13 TU 464 on 1/25/13
Sent out the majority of the the PFD's today. No money sent, just the letter to say I will pay if deleted. Hope to hear back from them soon.
I will keep everyone posted. The only reason I moved to Denver was for the opportunity to buy a home instead of a $1600 bedroom in LA.
Instead, I got the shaft on a job...but its time to correct it. Luckily i've got $10K to pay it off.
Again, I'll keep you all posted on what I get accpeted!
denver133 wrote:Sent out the majority of the the Pad's today. Hope to hear back from them soon.
I will keep everyone posted. The only reason I moved to Denver was for the opportunity to buy a home instead of a $1600 bedroom in LA.
Instead, I got the shaft on a job...but its time to correct it. Luckily i've got $10K to pay it off.
With a better credit score; I've got 2 goals.
1. $7,000 ring for my amazing girlfriend.
2. Home for the two of us.
Again, I'll keep you all posted on what I get accpeted!
Did the already agree to the PFDs or are you hoping the just take your money and delete your accounts????
denver133 wrote:No..I sent out today...I can only hope they agree on the terms. IF they do, I will inform here.
I think you may have just lost your leverage...how did you word your letters."....Please accept my payment of x and by accepting this payment will constitute that you are agreeing to the terms of this notice..." or something like that?
Here is the wording I used:
"I am willing to pay $1200 as settlement for this debt in return for your agreement to remove all information regarding this debt from the credit reporting agencies within ten calendar days of payment. If you agree to the terms, I will send certified payment in the amount of $1200 payable to Capital One in exchange to have all information related to this debt removed from all of my credit files."
I don't know how that takes away my leverage. I'm offering 95% of the account in a one time payment.
Update: 1/28/13
Signed up for ScoreWatch again for this whole process on:
1/25/2013. EQ - 433
1/27/2013. Alert - EQ went up to 444 by the addition of a collection.
Looks like one of my Cap1 cards has been turned over. So the PFD I sent to them could cause some issues. If Cap1 accepts the PFD, I would have to send a DV to the collection company after they process everything.
Should hear back from Chase and Sallie Mae reagarding the GW's today.
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