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Contributor
kiasmith1974
Posts: 88
Registered: ‎10-10-2012

rebuiling starting to fail!

Just logged into my credit karma account to see my score fell 65 points! A new collection has been added from a CO....$990 ATT bill from 2010(not sure why its that high?)

 

now i'm sad 

 

i knew it would eventually catch up to me.....they have been doing soft pulls and now that they are seeing activity they decided to bite me where it hurts...this and a couple of failed apps have started me to wondering will it ever get better???

 

I'm sick :smileysad:

Starting FICO 485
Myfico 635 (3/01/14)
EX FAKO 667 EQ 697 Barclaycard TU 707 4/27/14 (yea!)
Mortgage Ready End of 2015
Contributor
kiasmith1974
Posts: 88
Registered: ‎10-10-2012

Re: rebuiling starting to fail!

what do i do now? pfd? or try and dispute this....if i can reach a settlement is that better than trying to wait for it to fall off? $990 is alot of $$ to be giving away if this is not going to go away!

Starting FICO 485
Myfico 635 (3/01/14)
EX FAKO 667 EQ 697 Barclaycard TU 707 4/27/14 (yea!)
Mortgage Ready End of 2015
Contributor
Rlandon87
Posts: 92
Registered: ‎10-03-2012

Re: rebuiling starting to fail!

I hate to be rude... BUT

If you owe the debt - you KNEW it would haunt you - the best skill for rebuilding and holding a strong score is responsibility.


Search what has worked or ATT try to get a PFD or something in motion- get it taken care of and behind you and move forward- it will be refreshing when its taken care of and not just hiding keeping you worried
FICO- Ex/655. TU/627. EQ/621
My wallet: NFCUCashR/10k, DiscoverIT/3k, ChaseFreedom/2k, CFNA/Firestone/1k, Cap1Quicksilver/1500, Buckle/450, Express/700, J.Crew/650, Walmart/600, OldNavy/200 AE/150
AAoA- 3.5
Valued Contributor
madmann26
Posts: 1,401
Registered: ‎08-30-2012

Re: rebuiling starting to fail!

Start by DV'ing the CA.

Starting Score: EQ 511 TU 552 EX 545 8/29/2012
Current Score: TU 705|EQ 690|EXP 698 (FICO)
What's in my wallet? Cap1 PLAT AU $1.25k; Cap1 Cash AU $2k; NFCU Siggy $23k; $4k WalMart DC; CFNA Firestone $2.2k; Amazon $1.5k; NFCU Cash Rewards $22K; AMEX BCE $6k; NavCheck $15k; Lowe's $10k; Citi DP $6.3k; AMEX ED $8.5k
Goal Score: 700 across the board.
Take the FICO Fitness Challenge
My Journey
Established Contributor
bettercreditguy1
Posts: 738
Registered: ‎02-11-2012

Re: rebuiling starting to fail!

You owe the money for services rendered. They may not pfd. If they do not pfd, it could remain on your report for seven years and six months from DOFD. You would not be the first person to have that happen. I have one red account flag currently reporting. I owed it, paid it late and in full, after I had a cash flow problem for a while. My problem. Still I am in the upper 700's and qualified last spring for 1.99% on a new car loan. This past  summer I apped for an airline reward card, instantly approved. It will become a positive reporting account in less than four years. At that point I will be totally clean on 27 trade lines. Yes, it is my only messed up account. As you can tell, I am not overly concerned about this hic up that my recent lenders saw. I call it honesty and transparency.

Starting scores 01/02/2012 EQ 707(Fico) TU 733(Fico) EXP 735 (FAKO)
Updated scores 06/01/2014 EQ 797(Fico) TU 768(Fico) EXP 769 (Fico)


Remember the Three P's: Pay early in Full, Pay on Time, Patience
Moderator
Shogun
Posts: 12,860
Registered: ‎04-15-2011

Re: rebuiling starting to fail!

DV them, see what they send back.  Then go for the PFD.  I know sometimes it gets frustrating, but getting everything out and over now will make it better in the near future. Good luck to you!


Starting Score: 504

July 2013 score: EQ FICO 819, TU08 778, EX "806 lender pull 07/26/2013
Goal Score: All Scores 760+, Newest goal 800+

Take the myFICO Fitness Challenge

Current scores after adding $81K in CLs and 2 new cars since July 2013
EQ:809 TU 777 EX 790 Now it's just garden time!
Contributor
kiasmith1974
Posts: 88
Registered: ‎10-10-2012

Re: rebuilding starting to fail!

That's not being rude, that the truth and I own up to this and many other mistakes in the past....now I am in the process of fixing these issues and making a lifestyle change and need to come up with the best strategy! Thanks for the advice

 

Starting FICO 485
Myfico 635 (3/01/14)
EX FAKO 667 EQ 697 Barclaycard TU 707 4/27/14 (yea!)
Mortgage Ready End of 2015
Contributor
kiasmith1974
Posts: 88
Registered: ‎10-10-2012

Re: rebuilding starting to fail!

I typed up DV letters and will be sending them this week....fingers crossed...

Starting FICO 485
Myfico 635 (3/01/14)
EX FAKO 667 EQ 697 Barclaycard TU 707 4/27/14 (yea!)
Mortgage Ready End of 2015
Contributor
Conswalla
Posts: 97
Registered: ‎05-29-2012

Re: rebuilding starting to fail!

No one is perfect.

Learn from this experience.

 

1st step:

 

Debt Validation

 

2nd step:

 

Pay-for-Deletion

 

Stick to your guns.

They may come back with "No" initially and they should if they're smart.

They want to see how much they can get from you.

Never discuss payments on the phone.

Everything in writing.

 

If the initial pay-for-deletion is denied, send another one to a different contact.

Do some research and find at least 3 different contacts to request the pay-for-deletion.

 

If after the 3rd request you're still denied please let us know.

DON'T GIVE UP & DON'T BEAT YOUR SELF UP!

Nothing great is ever achieved without much enduring.

 

me ^__^

 

 

Contributor
kiasmith1974
Posts: 88
Registered: ‎10-10-2012

Re: rebuilding starting to fail!

should i pfd the full amount or try and negotiate for a reduced amount?

Starting FICO 485
Myfico 635 (3/01/14)
EX FAKO 667 EQ 697 Barclaycard TU 707 4/27/14 (yea!)
Mortgage Ready End of 2015

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