topic Re: Best Credit News Ever Received Today in General Credit Topics

Best Credit News Ever Received Today

DI — Thu, 25 Jun 2009 12:34:52 GMT

I cosigned for a car loan. The account was charged off. For almost a month after settling the account the creditor agreed to delete the account. I will receive a letter tomorrow indicating the creditors action. What helped me out was reading the Credit Resource Reporting Guide from Consumer Data Industry Association website. Its a 212 page document. It tells you exactly how any type of account should be reported.

With the deletion, I am expecting my fico to be near 800.

Message Edited by DI on 06-25-2009 05:34 AM

Re: Best Credit News Ever Received Today

smallfry — Wed, 24 Jun 2009 22:19:40 GMT

@DI wrote:
I consigned for a car loan. The account was charged off. For almost a month after settling the account the creditor agreed to delete the account. I will receive a letter tomorrow indicating the creditors action. What helped me out was reading the Credit Resource Reporting Guide from Consumer Data Industry Association website. Its a 212 page document. It tells you exactly how any type of account should be reported.

With the deletion, I am expecting my fico to be near 800.

Congrats. Old vaudeville joke. The definition of a co signer? A sch---k with a pen. Good on ya boy.

Re: Best Credit News Ever Received Today

Underh20 — Thu, 25 Jun 2009 02:02:20 GMT

@DI wrote:
What helped me out was reading the Credit Resource Reporting Guide from Consumer Data Industry Association website. Its a 212 page document. It tells you exactly how any type of account should be reported.

And exactly where can one obtain a copy of this document?

Re: Best Credit News Ever Received Today

DI — Tue, 30 Jun 2009 12:50:13 GMT

Its official. I received the letter in the mail today from the creditor indicating to the CRA to delete tradeline.

I faxed a copy to TU. Soon as TU remove the tradeline, I will purchase my TU FICO score. My TU FICO score should be a lot higher than the EQ. I have no derogs on it.

Message Edited by DI on 06-30-2009 05:50 AM