rebuilding credit

[Anonymous]

Hello all I have a question? Well here it goes I went through a hard time a few years back and ruind my credit I have several collections on my report 9 to be exact, they will fall of my report in 2016 . So what will be my best bet to raise my score,I am planing on buying a home sometime next year. My fico score right now is 540 EQ any advice would be appreciated. Thanks in advance

[Anonymous]

Welcome. You have come to the right place for help. Have you gotten copies of your 3 reports from annualcreditreport yet? It is best to know what is on all 3 because they may differ. Post up the info on the collections without any personal info and you will get suggestions on the best methods of tackling them. Also, do you have any current open lines of credit? good luck.

[NewbieReed]

^^^^ Ditto! 

In order for people to give you effective advice, it'd be helpful to know about each TL . 

Once you've pulled your reports, you can send DVs out and continue along thePFD or GW process. There is a WEALTH of information on these boards. Drink it in!! U'll get there. We all started from somewhere.

[Anonymous]

Yes I had my 3 reports and the only diffrence in them was at EQi had a couple of medical collections that did not show on the other two. And yes I do have a secure card from capital one since february this year and a unsecure one with a credit limit of 300 and a fingerhut account.

[Anonymous]

The unsecure a had it since july

[Anonymous]

I had tried sending some pfd but I never got a reply back.

[Creditwiser]

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@Anonymous wrote:
I had tried sending some pfd but I never got a reply back.

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I've had success in the past by calling and arranging PFD.  Its always best if you allow them to send you a letter that verifies your conversation with them and of course mentions the PFD before you pay them.  I will say that I have paid a few small collections with a PFD verbal on the phone and they deleted as per the phone agreement.  I would still try to get a letter though before you paid.

[Anonymous]

Thanks for the info. Now I have this question does this look right?PORTFOLIO RECOVERY ASSOCIATES
Address: 
 120 CORPORATE BLVD STE 100 
  NORFOLK, VA 23502 
 (800) 772-1413Account Number: 
798192444636.... Original Creditor:
GE MONEY BANK 
Address Identification Number:   0148348485 
Status: 
Collection account. $634 past due as of Oct 2014.
Status Details: 
This account is scheduled to continue on record until May 2016. 
This item was updated from our processing of your dispute in Sep 2014. 
Date Opened: 
02/2011Date of Status: 
10/2014Reported Since: 
09/2014Last Reported Date: 
10/2014
Type: 
Debt BuyerTerms: 
1 Months Monthly Payment: 
$0Responsibility: 
Individual 
Credit Limit: 
$634High Balance: 
N/A Recent Balance: 
$634Recent Payment: 
$0  


Account History: 
Collection as of Oct 2014, Sep 2014 
Balance History - The following data will appear in the following format:
account balance / date payment received / scheduled payment amount / actual amount paid
Sep 2014: $634 / no data / no data / no data 
Aug 2014: $634 / no data / no data / no data 
Jul 2014: $634 / no data / no data / no data 
Jun 2014: $634 / no data / no data / no data 
May 2014: $634 / no data / no data / no data 
Apr 2014: $634 / no data / no data / no data 
Mar 2014: $634 / no data / no data / no data 
Feb 2014: $634 / no data / no data / no data 
Jan 2014: $634 / no data / no data / no data 
Dec 2013: $634 / no data / no data / no data 
Nov 2013: $634 / no data / no data / no data 
Oct 2013: $634 / no data / no data / no data 
Sep 2013: $634 / no data / no data / no data 
Aug 2013: $634 / no data / no data / no data 
Jul 2013: $723 / no data / no data / no data 
Jun 2013: $721 / no data / no data / $20 
Apr 2013: $715 / no data / no data / $20 
Mar 2013: $711 / no data / no data / $20 
Feb 2013: $708 / no data / no data / $20 
Jan 2013: $705 / no data / no data / $20 
Dec 2012: $702 / no data / no data / $20 
Nov 2012: $699 / no data / no data / $20 
Oct 2012: $696 / no data / no data / $20 
Limit High Balance History: 
The original amount of this account was $634 
Your Statement: 
I have never made any payments to a collection agency.