Trying to Rebuild Credit to start a Family

Anonymous · ‎04-29-2011

Hello everyone, Im new to the site and am enjoying reading all the post and responses. I'm in the same situation as Mr. Wyatt. I started building my credit in 2004 and was doing really well until 2008. I lost my job and the collectors started calling but sept of last year I went back to work and finally have enough money to pay off all this debt. i guess my question is, how to go about paying it off so it could be removed from the credit report. The two i've paid off are still on there with a zero balance. Is there anyway to get them removed. Thanks

-Cain- · ‎04-29-2011

If they are paid, write goodwill letters to whomever had the accounts.

guiness56 · ‎04-29-2011

@Anonymous wrote:
Hello everyone, Im new to the site and am enjoying reading all the post and responses. I'm in the same situation as Mr. Wyatt. I started building my credit in 2004 and was doing really well until 2008. I lost my job and the collectors started calling but sept of last year I went back to work and finally have enough money to pay off all this debt. i guess my question is, how to go about paying it off so it could be removed from the credit report. The two i've paid off are still on there with a zero balance. Is there anyway to get them removed. Thanks

I would always send a DV letter to the CA reporting first. If they validate, send a PFD.

For the ones paid you will need to send GW letters.

Don't send the DV letters if you can't pay in full. They could end up suing you.

Credit Scoring 101
Guide to Common Abbreviations
Other Frequently Requested Threads
Closing Credit Cards
Direct Dispute

Anonymous · ‎04-30-2011

What's all the abbreviations stand for? I'm new to all this and tying to figure everything out

jesirose · ‎04-30-2011

Not to be a smartass, but the link to common abbreviations is in his signature, right under where he used them.

March 2011: EFX: 564 | XPN: 546 | TU: 602
Goal: 700+

MarineVietVet · ‎04-30-2011

@Anonymous wrote:
What's all the abbreviations stand for? I'm new to all this and tying to figure everything out

All those can be very confusing. Here is a list of Abbreviations.

From a BK years ago to:
EX - 3/11 pulled by lender- 835, EQ - 2/11-816, TU - 2/11-782

"Some people spend an entire lifetime wondering if they've made a difference. The Marines don't have that problem".