topic Re: Am I a lost cause? in General Credit Topics

Am I a lost cause?

Anonymous — Tue, 24 Jul 2007 04:50:05 GMT

Hi I am new and I need help. my credit report from two of three bureaus is 0 and from the third it is a 520. I have very little debt (under $500.00) but my score is abysmal, any hope for me?

Re: Am I a lost cause?

Anonymous — Tue, 24 Jul 2007 05:33:54 GMT

Sounds like your credit file is thin. The good news from that is that you don't have many "baddies" anchoring your score down. If you tell us more about what is on your credit report, we can give you some recommendations on how to best proceed.

Re: Am I a lost cause?

Anonymous — Tue, 24 Jul 2007 06:45:11 GMT

@Anonymous wrote:
Sounds like your credit file is thin. The good news from that is that you don't have many "baddies" anchoring your score down. If you tell us more about what is on your credit report, we can give you some recommendations on how to best proceed.

Thank you for your reply. I have something from a towing company (have no idea what that is, but perhaps a car that I junked a few years ago), a $59 gas company collection, a small claims default judgment and a $376 collection for a credit card account. The credit card account was from one of those secured cards (based upon a savings account). The credit card account was closed and I was refunded the balance in the savings account but now I see it is showing up as a collection, which doesn't make sense to me. Sorry for all of the detail here. Thank you for your reply.

Re: Am I a lost cause?

Anonymous — Tue, 24 Jul 2007 10:04:56 GMT

Hi Angelfan, No one in this forum is a lost cause!!!!!

DO NOT say you are sorry about the details!!!! we need all that info & more.

DO NOT feel ashamed, we are all here for the same reason.

You will find very nice people here and they will all try to help you.

I am new here also & have received more help then I can say.

If you ask a question & do not understand the answer that someone might give you, ask again.

Please give us more info. from your CR

towing company--dates who is the creditor that claims that you owe?

Collection name & date

example:

joe blow inc. date 7/2002 amount$$

name of CA date 7/2001 $59.00

We need this info. so we can tell you where to call,or write to. You will also find a link that has the info. needed on these letters.

Re: Am I a lost cause?

MercyMe — Tue, 24 Jul 2007 11:01:05 GMT

Welcome, angelfan! As NewWorldMan is responding, and he's an expert at this stuff, let me just tell you that -- from all I've learned in this forum -- NO ONE is a lost cause!

Re: Am I a lost cause?

Anonymous — Tue, 24 Jul 2007 12:15:43 GMT

You should have seen my report in january....

There are some touching stories in here and it sounds like you can

be up and running in short order, these guy's will guide you thru so

welcome and keep coming back...( seems I heard that somewhere )

Re: Am I a lost cause?

Anonymous — Tue, 24 Jul 2007 17:38:12 GMT

You're never a lost cause until death. Hmm. I think I'll embroider that onto a tea towel.

Re: Am I a lost cause?

Anonymous — Tue, 24 Jul 2007 17:56:00 GMT

Thank you so much! I feel better already! I will write back with the details (name of CA and dates etc.) Thank you!

Re: Am I a lost cause?

Anonymous — Tue, 24 Jul 2007 18:19:18 GMT

Here is the info that I have: Tows R Russ $1,183.00 July 01, 2007 (date reported) So Calif Gas $56.00 July 01, 2007 (date reported) Time Warner $59.00 May 01, 2004 (date reported) I also have the following listed as: "Collection on debt to: Not on Record" The CA is listed as: 4657c00000 and the original lender is "not on record" the debt amount is $82.00 and the date reportede is May 01 2007. I also have the following two items listed on my CR as "accounts": Hsbc Nv date opened: 5/2005 $162 (balance) and status as: 90 days past due Palisades date opened: "not on record" $376 (balance) and status as 120+days past due This appears to be everything (I think). I don't know what the towing is from and I have no idea what the "Palisades" is or what the "not on record" debt of $82.00 is for. I think that the Hsbc Nv might be an Orchard credit card (based on a savings account) that I opened up a few years ago, but this account was never activated and the company returned the balance of the savings account that I opened with them via check. So I am unclear as to why (if it is Orchard) they would report on me when I never used the card and they were using my funds for any credit that would be extended. But I never ended up using it. Okay, enough rambling. Thank you again for all of your support!

Re: Am I a lost cause?

Anonymous — Tue, 24 Jul 2007 18:44:51 GMT

A lot of the stuff came up on my fico as "not ion record" and missing some important details.

The score watch is very useful and I am happy with the product but when you are trying to clear stuff up, it is better to have a vivid picture including details on who holds the account, what their address is, what the account number is (they **** the last four numbers, but you can call from the contact telephone to get this info)

I signed up with true credit for a free trial, it gives the full transunion report with much of the missing data included on it, as well as these adresses you will need to contact the companies with PFD if you still owe money, or GW if you paid in full or settled.

I have a 518, and am very hopeful.

Truecredit.com

Re: Am I a lost cause?

Anonymous — Tue, 24 Jul 2007 19:12:26 GMT

angel,

could you edit your post, and break it up some.

There is a check box at the botton of the message window to "automaticlly convert carriage returns to HTML breaks."

If you check that your posts will be much easier to decipher.

Re: Am I a lost cause?

Anonymous — Tue, 24 Jul 2007 22:47:50 GMT

Sorry about that, I wondered why my spacing didn't keep - - thank you for the tip!

Here goes . . .

Here is the info that I have:

Tows R Russ $1,183.00 July 01, 2007 (date reported)
So Calif Gas $56.00 July 01, 2007 (date reported)
Time Warner $59.00 May 01, 2004 (date reported)

I also have the following listed as:

"Collection on debt to: Not on Record" The CA is listed as: 4657c00000 and the original lender is "not on record" the debt amount is $82.00 and the date reportede is May 01 2007.

I also have the following two items listed on my CR as "accounts":

Hsbc Nv date opened: 5/2005 $162 90 days past due
Palisades date opened: "not on record" $376 120+days past due

This appears to be everything (I think).

I don't know what the towing is from and I have no idea what the "Palisades" is or what the "not on record" debt of $82.00 is for.

I think that the Hsbc Nv might be an Orchard credit card (based on a savings account) that I opened up a few years ago, but this account was never activated and the company returned the balance of the savings account that I opened with them via check.

So I am unclear as to why (if it is Orchard) they would report on me when I never used the card and they were using my funds for any credit that would be extended. But I never ended up using it.

Okay, enough rambling. Thank you again for all of your support!

Re: Am I a lost cause?

Anonymous — Wed, 25 Jul 2007 00:21:04 GMT

I do know that Palisades is a very nasty CA. do not ever talk to them on the phone!!

As to the towing Cr should have given you an address and phone #. I would start there. Be nice & very confused. Ask to speak to someone in charge of billing. Make sure that you get first & last name...if you have to make them spell it.

When asking for information do not give them any info. Just ask....I just found your name on my credit report and have no idea what it's about. only give your name nothing else unless there is an account #. If it is for a tow ask date from what address to what address....might be for storage where & when.

Towing co, always copy license & vin #....make and color of car.

Do not argue all you want is a place to start.

You will need help from someone other then me. I don't know what to tell you about the *not on record*.

Re: Am I a lost cause?

Anonymous — Wed, 25 Jul 2007 00:28:02 GMT

Thank you! That's too bad about Palisades being so nasty. If I shouldn't talk to them by phone, how would I handle it? Thank you again for your assistance, I really appreciate it.

Re: Am I a lost cause?

Anonymous — Wed, 25 Jul 2007 00:56:33 GMT

Something is amiss because your credit score cannot be zero.

If it's a FICO score, the range is 300 to 850.

Re: Am I a lost cause?

Anonymous — Wed, 25 Jul 2007 01:08:04 GMT

@Anonymous wrote:

Something is amiss because your credit score cannot be zero.

If it's a FICO score, the range is 300 to 850.

Good point...when I first read that, I figured the OP had gotten one of those "credit history too thin" error messages when trying to pull a FICO.

To the OP: was that 0 FICO accompanied by an error message? Because Noah is right--even if you owed the national debt and declared BK, the worst you can get is 350.

Re: Am I a lost cause?

Anonymous — Wed, 25 Jul 2007 01:10:35 GMT

For any you don't recognize or aren't yours, DV them.
http://ficoforums.myfico.com/fico/board/message?board.id=generalcredit&message.id=4328

CAs are not above taking the debt of Angel T. Fan and sticking it on the CRs of Angel D. Fan. Send your DV letter CMRRR and do not use the words "cease and desist".

For 4657c00000, that's likely a medical collection. But again, if you don't recognize it or know what it is, DV them.

Do you still have any of your old statements from Orchard?

Do you currently have good TLs reporting? If not, you need to get some. A secured CC for starters.

Re: Am I a lost cause?

Anonymous — Wed, 25 Jul 2007 01:16:17 GMT

The score with equifax is 520 and experian and transunion do not have enough info to report a score - so there is no score with those two.

Re: Am I a lost cause?

Anonymous — Wed, 25 Jul 2007 01:22:52 GMT

angelfan wrote:
The score with equifax is 520 and experian and transunion do not have enough info to report a score - so there is no score with those two.

Is this from MyFico?

Re: Am I a lost cause?

Anonymous — Wed, 25 Jul 2007 01:24:02 GMT

Thank you for the information. The Orchard account was never activated. I don't have any statements from Orchard. I spoke with them today and they have no record of my ever having an account with them. When I asked them how it was then that they reported it delinquent, they didn't have an answer for me and told me to file a dispute with the CA. Orchard also said that they wouldn't have records on an account that was closed two years ago. What should I do next? Contact the CA about it?