topic Re: Thank You!!! in General Credit Topics

Thank You!!!

Anonymous — Wed, 28 Dec 2011 22:28:19 GMT

Hey Everyone! I just wanted to say a Big Thank You for all your amazing advice!

I have only been reading the forum for (1) week and have already learned so much.

Currently I am a member of Mycreditkeeper.com and my FAKO scores are;

EX - 614

TU - 604

EQ- 582

Within the week I have been able to send RJM Acquisitions a GW letter, and received a email response within a day - They are sending a letter to have this removed. I also just received a letter from TU regarding a Authorized User (charge-off) dispute and they are deleting this as well (currently waiting for EQ response).

The only other baddies I have are 2 medical collections (Medical Data Systems) that I am trying to send a GW letter to them as well. Has anyone had any luck with them?

I have (3) credit cards - Capital One (Credit Steps- $500), First Premier ($250) - <---- This one is the oldest CC, but would love to close as soon as I can, and I also have a HSBC w/ a $750 CL. All are maxed out (which I know is killing my score) - I am hoping to have them all paid off within the next few months.

Question I have regarding the CC and reporting $0 balances. This can be done on the HSBC card easily, but on my Capital One and First Premier they charge the monthly fee on statement day. How do I get these cards to report a $0 balance.

Again, Thank you all for your great advice!

Happy Holidays!!!!

Jenn

Re: Thank You!!!

Booner72 — Wed, 28 Dec 2011 22:56:30 GMT

I would advise you to close FP as soon as you get it paid to zero - tackle it first in terms of paying it off. They are the f word and charge so many fines and fees it's ridiculous. It won't hurt your score to close it (once paid off to zero) as it will still report for 10 years, then it will fall off. By then you will have good credit going and hopefully the AAoA hit will be small. If you close it now you will hurt your overall utility and you don't want to do that. Well, I guess even if you close it once it's paid off its going to hurt your overall utility, so maybe you do want to wait til they're all paid off to close. Sorry, that was a lOOONG ramble for nothing.

In the meantime, you need to use your online banking to push a payment through. They are such cusswords that they don't put the monthly fee on the acct until the day the statement cuts, so the only way to get a credit is to online bank or mail a check.

I was so happy to close that account a few mos ago. When I did, they actually offered me 45 bucks to keep it open. So I said OF COURSE! Then I spent the 45 bucks and canceled it anyway.

You will probably have to do the same way to get a credit for the other card you mentioned.

I should also add: Congrats on your first post. And congrats on what you've accomplished in only a week.

You might want to think about signing up for Scorewatch here at myfico. For 15 a month you get two EQ credit reports that tell you what is hurting/helping your score. You also get alerts when things change on your reports, and if nothing changes, you get an alert every 7-10 days anyway, so it's a good way to track your score. If you don't like it, you can cancel, but make sure you do so within 10 days or you are in for three months b4 you can cancel again.

Booner

Re: Thank You!!!

llecs — Wed, 28 Dec 2011 22:58:13 GMT

@Anonymous wrote:

Question I have regarding the CC and reporting $0 balances. This can be done on the HSBC card easily, but on my Capital One and First Premier they charge the monthly fee on statement day. How do I get these cards to report a $0 balance.

Welcome!

Do you have access to your bank's bill pay service? You can push through an extra payment to get the balance to report $0. If you pay directly via the CCC, the max they'll let you pay is 100% of the current balance. But as you know, the monthly fees holds everything back. If you use a bill pay service, you can electronically push through an additional payment to get your CC to show a negative balance of a few extra bucks. That negative balance would then be offset by the fees, but a $0 balance would report.

ETA...I'm a slow typer.