topic Re: 700 Club! in Understanding FICO® Scoring

700 Club!

Anonymous — Sun, 04 May 2008 16:43:45 GMT

Yeah! My Equifax just updated today, 703 (500s last year!)

I am still in the middle of trying to get the Midland m*)(*)(*)(*()(*)(@$!@# off my report, the one that the OC already removed based on not being able to Document it. As Midland is apparently the 3rd or 4th buyer down the line of the account, and as they refused to DV, I'm hoping to get this off soon. At worst it falls off end of June.

Any idea how much of a bump I'd get with removed $1,700 UNPAID Collection (not mine) that was also updated last month as 120+ days late? That has to be 30 points at least...

Also have a PFD for Cap1, CO that falls off in September, offered to pay the CO amount in exchange for deletion 3 months early.

Re: 700 Club!

Anonymous — Sun, 04 May 2008 17:21:11 GMT

Congratulations nycc2,

I'm running along side you as my EX jumped to 701.

700 club across the board here we come

Re: 700 Club!

MidnightVoice — Sun, 04 May 2008 18:01:37 GMT

Congrats!!

Re: 700 Club!

Anonymous — Sun, 04 May 2008 19:24:27 GMT

Great job, getting up to 700 in that little time is an accomplishment.

Re: 700 Club!

Anonymous — Sun, 04 May 2008 21:28:25 GMT

Congrats nycc! That was quick!

Re: 700 Club!

llecs — Sun, 04 May 2008 22:34:15 GMT

nyccc2 wrote:
m*)(*)(*)(*()(*)(@$!@#

Hey! No swearing! Like mom always said, "If you don't have anything nice to say, don't say it at all."

Good thing you're not saying anything.......only typing! Carry on!

Congrats on the 700. Looking to join that club by July 15.

Re: 700 Club!

Anonymous — Mon, 05 May 2008 00:17:50 GMT

Well my momma said once someone does you wrong all bets are off

Re: 700 Club!

Anonymous — Mon, 05 May 2008 01:34:56 GMT

My Momma said, don't get mad, get even!

Spartan mothers would tell their sons to come home with their shields, or on them.

Re: 700 Club!

Anonymous — Mon, 05 May 2008 12:03:34 GMT

The only player going home on their sheild in this case is going to be Midland. My 'MOV' letter to the CRAs going out today;

May 5th, 2008

To whom it may concern;

This letter is a demand for a description of the process and documentation you received to verify that the debt listed below is in fact verified as belonging to me:

Midland Credit Management

Please be advised that in general simply contacting the Creditor by manual or automated means and asking ‘is this debt being reported correctly’ does not constitute verification. However in this case given that I previously provided you with evidence that the original creditor Household Bank investigated this account and removed it from my credit reports because they had no documentation proving it was my account, AND proof that I had requested the same (non-existent) documentation from Midland Collections who ignored my request, anything other than complete documentation to verify this debt is keeping with neither the spirit nor the letter of FCRA § 611(a)(6) and (7). 15 USC 1681i.

Please provide concrete evidence and copies of same that you have verified that Midland Credit in fact has full documentation that this is a valid debt belonging to me, since as I’ve pointed out the Original Creditor has no such documentation and Midland has refused to provide it to me.

If you have not verified it in this manner, and cannot provide evidence within 15 days of the receipt of this letter that you have, please remove this item from my report as required by law. Otherwise, I will have no choice but to file suit for willful noncompliance of the FCRA laws.

My lawyer now has possession of all prior documentation from and to your Reporting Agency, Midland Credit and Household Bank and will take any necessary steps if this is matter is not resolved fairly in the time period allotted. For your reference, I am including here, for the second time, the letter from Household Bank that shows this account is not mine. This will help you make the correct decision to remove this item from my reports immediately. Please note this item is due to drop off ‘my’ credit reports regardless in less than two months.

encl 1: Copy of Passport for Identity Verification
encl 2: Copy of Bank Statement for Address Verification
encl 3: Copy of Letter from Household Bank confirming the account does not belong to me.

Re: 700 Club!

Junejer — Mon, 05 May 2008 16:57:41 GMT

Congrats on the 700 club nycc. Good letter too. I hope it works.

Re: 700 Club!

islandchild82 — Tue, 06 May 2008 12:50:47 GMT

Congrats on your scores! That's awesome! And good luck with the letter. I hope that works for you!

Re: 700 Club!

Anonymous — Tue, 06 May 2008 15:43:24 GMT

Not sure that I would put that your lawyer has the documentation, etc.

If you have an atty, why aren't they writing this letter for you? that statement about the atty makes it seem like you are bluffing.

I would state that if they don't comply, you will be forced to retain counsel and file suit for FCRA violations.

That seems more legit and serious. The inconsistency I metioned above will smell like a bluff, and as such, they might not 'waste' their time investigating and removing.

Re: 700 Club!

Anonymous — Tue, 06 May 2008 16:27:45 GMT

Good point, however they don't necessarily *know* it is a bluff, just that I decided to give them a chance to do the right thing before taking legal action/costs.

I did talk to Efax, they said MOV was to call CA who verified my First Name, Last Name, SS#. So I faxed them a version of that letter, the other two are going out by mail today.

It is such a totally illegal system IMHO; a creditor can send a letter to ANY of your valid addresses, if you don't reply to this letter they can't prove they sent, then they have no legal obligation to prove the debt. If you dispute, all they have to do is say 'this is the persons name and ss#' to verify? Thank God the rest of the legal system isn't like this, we'd all be in prison at the courts whims. 'taint America to me.

The fights with Household who said they were going to handle this go on and on. NOW when I call they say 'the charge-off we determined that was yours?' and I say 'no, the one you determined wasn't mine as per this letter and reference #'. They can't USE reference #s, those are for my purposes, not theirs (!!!!!?????). So no one has records of their own letter to me showing it was not my debt and have to READ the letter to them. It is INANE.

Re: 700 Club!

Anonymous — Tue, 06 May 2008 22:26:09 GMT

You're right, they don't "know". But by your response my hunch was correct. Change your statement to what I have suggested above, and the rest looks solid.

I agree with you. I have a collection for $109 on my report that is bogus but I can't get it off. It's a freaking joke, IMO.

Re: 700 Club!

Anonymous — Wed, 07 May 2008 12:05:49 GMT

Ok point taken, thank you. I removed that line from the doc.

Plan is to send them out today with the documentation provided.

Also going to follow up the fax I sent their lead counsel with a certified letter.

AND Dispute as Not Mine on all three reports.

And re-fax Midland Lady, and re-send letter. Ad infinitum.

Let's see how long they want to play this with an out of SOL item due to drop off in 2-3 months.