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started my rebuilding *1 year update*

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Edward0215
New Contributor

started my rebuilding *1 year update*

Hello all great forum glad i found it.

 

I have been wanting to rebuild for a while and finally got some $ to start. I would like to get some inputs and some help from you guys. My report is as follows:

 

EQ Fico: 536

 

Positive Accounts:

 

None

 

Negative Accounts:

 

midland  $1393 status: 120+ days past due (was a t-mobile debt from 2008 but shows up midland as a  factoring company date opened 1/2012 is this ok?)

 

lincoln college date opened 3/2007 balance: 1529 status: bad/debt/collection    (falls off 4/2014)

 

dp of education 8/2011 balance 3,975 status 120+days past due

 

dp of education 8/2011 balance 2603 status 120+days past due

 

us dept ed 8/2011    balance $0 status 120+days past due

 

us dept ed 8/2011 balance $0 120+ days past due

 

nelnet 11/2006 $0 pays account as agreed

 

nelnet 11/2006 $0 pays account as agreed

 

first premier   7/2008 balance $516 120+ days past due (settled today for $260)

 

first premier 12/2007 balance $522  120+ days past due (settled today for $259)

 

us dept ed 8/2011 $0 pays account as agreed

 

sallie mae 11/2006 $0 pays account as agreed

 

sallie mae 11/2006 $0 pays account as agreed

 

Sallie mae 11/2006 $0 pays account as agreed

 

Collections

 

ATT $411 (disputed got email it will be removed)

 

Credit Protection Associates (comcast)   (Called OC and PIF OC said they will notify CA to remove from CRs)

 

 

Applied saturday and got approved for $200 cl secured card with CapOne and $300 cl secured Wells Fargo.

 

Dont know why so many negative student loan accounts I only opened 2 loans in 2006 and went to school once but i see report under same two accounts several times. Anyway would greatley appreciate inputs and suggestion on what to do next.

 

Thank You

 

 

 

 

 

 

 

 

Exp 691 TU 664 FICO 9/22/14
Starting Score: 536
Current Score: 673
Goal Score: 700


Take the myFICO Fitness Challenge
Message 1 of 7
6 REPLIES 6
madmann26
Valued Contributor

Re: started my rebuilding

Welcome and congrats on starting your journey.

 

 

For Midland, send them a DV. Make them prove they have the right to collect the debt.

 

I don't know about the student loan stuff, so I am of no use to you on those.

 

For First Premier, get your Experian report and start looking at the payment history. If they have listed payments made when in fact you made no payments, send them a DD challenging this. You'll have to send them proof, such as a bank statement(s) and an exert from your CR showing the inaccuracies. 

 

The fact that you settled with them, is a good thing. Once they update the balance/status with the CRA's, this will drop your utilization and give you a bump in score. Probably a decent one.

 

For the 2 new cards, for maximum score gains, only leave a 10% balance on one card. In this case, leave $30 on the WF card, let the statement cut, then pay it off. Rinse and repeat.

 

Go to www.annualcreditreport.com and pull your 3 yearly reports from all 3 CRA's and make sure there isn't anything else on them.

 

 

Current FICO 9 Scores



Message 2 of 7
Edward0215
New Contributor

Re: started my rebuilding

Thank you for your advice.

 

About Midland - I called T-Mobile and they told me they no longer own the account and that the new owner is Midland. I called Midland and they offered a settlement for $537 ( balance  is $1393 )   should I still send them a DV or just take the settlement offer?

Exp 691 TU 664 FICO 9/22/14
Starting Score: 536
Current Score: 673
Goal Score: 700


Take the myFICO Fitness Challenge
Message 3 of 7
dlee
Established Member

Re: started my rebuilding

If you have concerns in regards to the Nelnet student loans on your report, you can fax your inquiry along with your report to 402.458.2298 for review.

Message 4 of 7
teamgray
Contributor

Re: started my rebuilding


@Edward0215 wrote:

Thank you for your advice.

 

About Midland - I called T-Mobile and they told me they no longer own the account and that the new owner is Midland. I called Midland and they offered a settlement for $537 ( balance  is $1393 )   should I still send them a DV or just take the settlement offer?


ALWAYS SEND A DV FIRST..THERE IS A BETTER THAN GOOD CHANCE IT WILL BE REMOVED.....LET US KNOW WHAT THEY SAY....AND KEEP GRINDING!!!!

#TheStruggleIsReal


Starting Score: 612 EQ 6-1-2013
Current Score: 12-26-13 656 EQ(FICO) 608 TU(FAKO) 632(FICO) EX
Goal Score: 700 FICO on all three by 7/1

"The Struggle is real"
Take the myFICO Fitness Challenge



Message 5 of 7
Edward0215
New Contributor

Re: started my rebuilding

Ok pulled all 3 reports they all report the same no surprises phew!
I got a DV ready for midland and will send certified tomorrow
I faxed nelnet regarding the student accounts

Thanks guys will post as I get responses
Exp 691 TU 664 FICO 9/22/14
Starting Score: 536
Current Score: 673
Goal Score: 700


Take the myFICO Fitness Challenge
Message 6 of 7
Edward0215
New Contributor

Re: started my rebuilding *1 year update*

Found this old thread of mines and though I would give an update since it is 1 year and a day since. I had 2 medical collections show up this year which I PDF one and made a complaint to the CFPB and both got deleted.  Credit scores one year ago was 536 EQ and now is 649EQ 647 TU and 640 EX  now hoping my 3 cards will raise my scores enough for a mortage in March of next year.

 

Thank you everyone who has helped me and has helped others here.  Couldn't have done if without you guys!

 


@Edward0215 wrote:

Hello all great forum glad i found it.

 

I have been wanting to rebuild for a while and finally got some $ to start. I would like to get some inputs and some help from you guys. My report is as follows:

 

EQ Fico: 536

 

Positive Accounts:

 

None

 

Negative Accounts:

 

midland  $1393 status: 120+ days past due (was a t-mobile debt from 2008 but shows up midland as a  factoring company date opened 1/2012 is this ok?) (Made a complaint with the CFPB. Midland responded that they would delete from all reports.

 

lincoln college date opened 3/2007 balance: 1529 status: bad/debt/collection    (falls off 4/2014) Fell of report 04/2014

 

dp of education 8/2011 balance 3,975 status 120+days past due Completed rehab program now shows in good standing

 

dp of education 8/2011 balance 2603 status 120+days past due   Completed rehab program now shows in good standing

 

us dept ed 8/2011    balance $0 status 120+days past due

 

us dept ed 8/2011 balance $0 120+ days past due

 

nelnet 11/2006 $0 pays account as agreed

 

nelnet 11/2006 $0 pays account as agreed

 

first premier   7/2008 balance $516 120+ days past due (settled today for $260)    Sent 3 GWs all responded with a no and the last one said no and we wont be reading mail from you anymore. Yet both acounts got mysteriously got deleted.  GW worked? Dont Know

 

first premier 12/2007 balance $522  120+ days past due (settled today for $259)  Sent 3 GWs all responded with a no and the last one said no and we wont be reading mail from you anymore. Yet both acounts got mysteriously got deleted. GW worked? Dont Know

 

 

 

 

us dept ed 8/2011 $0 pays account as agreed

 

sallie mae 11/2006 $0 pays account as agreed

 

sallie mae 11/2006 $0 pays account as agreed

 

Sallie mae 11/2006 $0 pays account as agreed

 

Collections

 

ATT $411 (disputed got email it will be removed)  Collection popped back up 04/2014 but I sent a DV directly to CA and they deleted it again.

 

Credit Protection Associates (comcast)   (Called OC and PIF OC said they will notify CA to remove from CRs)  They deleted as the OC promised.

 

 

Applied saturday and got approved for $200 cl secured card with CapOne and $300 cl secured Wells Fargo.   Capital one secured card gave me a $100 cli for a total of $300 as of today. Wellsfargo sent a letter that the card will graduate in October and I will be receving my deposit back. Applied last week for a chase freedom with my impoved scores after a year of gardening and working on deletions and got a apporved for a chase freedom $3000 cl.

 

Dont know why so many negative student loan accounts I only opened 2 loans in 2006 and went to school once but i see report under same two accounts several times. Anyway would greatley appreciate inputs and suggestion on what to do next.

 

Thank You

 

 

 

 

 

 

 

 



 

Exp 691 TU 664 FICO 9/22/14
Starting Score: 536
Current Score: 673
Goal Score: 700


Take the myFICO Fitness Challenge
Message 7 of 7
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