topic Re: CreditUturn App Question in General Credit Topics

CreditUturn App Question

Anonymous — Mon, 24 Feb 2020 01:06:08 GMT

Hello Everyone,

Has anyone heard or used of CreditUturn app? There are about 500+ downloads in the google store but no reviews on it. Does anyone know if it's a scam? Supposedly it's a free app that will help repair credit by sending out dispute letters on your behalf. Read about it on CK where someone said it helped them remove negative marks from their CR. Sounds too good to be true... Any thoughts/experience?

Thanks in advance!

Re: CreditUturn App Question

Anonymous — Mon, 24 Feb 2020 01:17:02 GMT

Sounds a little sketchy to me.

Re: CreditUturn App Question

Anonymous — Mon, 24 Feb 2020 01:19:35 GMT

Sounded sketchy to me too. Couldn't find any reviews on it on internet either.

Re: CreditUturn App Question

Remedios — Mon, 24 Feb 2020 01:33:13 GMT

🤦‍♀️

Re: CreditUturn App Question

Anonymous — Mon, 24 Feb 2020 01:33:22 GMT

Be leery of those services. A friend of mine started her re-build by using a service that sent out tons of dispute letters on her behalf. Unfortunately, they woke up a sleeping giant who referred her account to an attorney with less than 6 months left on the SOL.

Re: CreditUturn App Question

thornback — Mon, 24 Feb 2020 01:42:27 GMT

My 2¢:

You would be much better off doing the work yourself... not only can you ensure items are properly dealt with so not to cause additional harm, but you'll learn so much more in the process and become much more appreciative of your credit. If something sounds too good to be true, it usually is.

Good luck.

Re: CreditUturn App Question

Anonymous — Mon, 24 Feb 2020 01:44:34 GMT

All my baddies are paid and due to fall off this year so I'm just gonna wait.

The only thing I'm worried about is student loans that show tons of late payments from about 6 and a half years ago. I am currently paying them off on time and have been good since 2015. However, I read somewhere that late payments will be repirted unless I comletely pay off the loans. I still got about 4 years to go to comletely pay off my student loans and it would really s@ck if those late payments will still stay on for another 4 years. The lenders that reported late payments no longer even have my loans as I've been transferred to another lender. Experian no longer shows those late payments but Equifax and TransUnion do. I really hope that they'll stop soon too since it's been almost 7 years now.

Re: CreditUturn App Question

thornback — Mon, 24 Feb 2020 01:48:11 GMT

@Anonymous wrote:
All my baddies are paid and due to fall off this year so I'm just gonna wait.

The only thing I'm worried about is student loans that show tons of late payments from about 6 and a half years ago. I am currently paying them off on time and have been good since 2015. However, I read somewhere that late payments will be repirted unless I comletely pay off the loans. I still got about 4 years to go to comletely pay off my student loans and it would really s@ck if those late payments will still stay on for another 4 years. The lenders that reported late payments no longer even have my loans as I've been transferred to another lender. Experian no longer shows those late payments but Equifax and TransUnion do. I really hope that they'll stop soon too since it's been almost 7 years now.

So the loans with the late payments are closed in good standing with zero balances? Is that correct?

Re: CreditUturn App Question

Anonymous — Mon, 24 Feb 2020 01:48:24 GMT

Yes, that's what I've been doing all along. This forum has tons of useful info that helped me out on my rebuilding journey.

I thought so too. If it's too good to be true, it probably us!

Thank you. 😊

Re: CreditUturn App Question

Anonymous — Mon, 24 Feb 2020 02:02:47 GMT

My loans were with US Dept of Education and then they were transferred to Aspire in 2013. Some not so good things happened and I never made even one payment to Aspire. After about 9 month Aspire closed my account and now it shows 0 balance but also shows 9 lates and a comment - loan assigned to government. I went through rehab program in late 2014 early 2015 and have been paying everything on time since then but I still got 4 years to go to pay entire amount off. Do you think Aspire will fall of this year? My first showing late payment with Aspire was in July of 2013 and last was in March of 2014. Currently my loan is with Great Lakes Borrowers Service.

Thank you!

Re: CreditUturn App Question

thornback — Mon, 24 Feb 2020 02:08:57 GMT

@Anonymous wrote:
My loans were with US Dept of Education and then they were transferred to Aspire in 2013. Some not so good things happened and I never made even one payment to Aspire. After about 9 month Aspire closed my account and now it shows 0 balance but also shows 9 lates and a comment - loan assigned to government. I went through rehab program in late 2014 early 2015 and have been paying everything on time since then but I still got 4 years to go to pay entire amount off. Do you think Aspire will fall of this year? My first showing late payment with Aspire was in July of 2013 and last was in March of 2014. Currently my loan is with Great Lakes Borrowers Service.

Thank you!

Yeah, I don't think the entire account will drop off because, despite the lates, it wasn't closed with a derogatory status (ie. charge-off). I believe only the late payment notations will drop off as they hit their 7 year mark (so beginning July 2020). That would ultimately leave you with a loan tradeline that has a clean history. Since accounts closed in good standing remain on reports for ~10 years after the closed date, the account itself will remain.

Re: CreditUturn App Question

thornback — Mon, 24 Feb 2020 02:15:07 GMT

@thornback wrote:
Yeah, I don't think the entire account will drop off because, despite the lates, it wasn't closed with a derogatory status (ie. charge-off). I believe only the late payment notations will drop off as they hit their 7 year mark (so beginning July 2020). That would ultimately leave you with a loan tradeline that has a clean history. Since accounts closed in good standing remain on reports for ~10 years after the closed date, the account itself will remain.

You can double check this by pulling your Transunion & Equifax reports from annualcreditreport.com. The reports pulled from that source provide the Date of First Delinquency/Expected Removal Dates for derogatory and/or closed tradelines. If the date listed is 10 years from the account's closing date, then that would indicate the account will remain past the 7 years but the late notations should drop as they hit 7 years. If the date is listed as July 2020, then that would indicate the entire account will drop in 2020.

Re: CreditUturn App Question

Anonymous — Mon, 24 Feb 2020 02:25:39 GMT

Thank you so much for the info! I was gonna wait until about July/August of this year to order free credit reports. What's weird to me is the fact that Experian no longer shows it at all. Actually my Experian FICO 8 score is 753, now that it's clean. TU is still at 661 but it's from last month. Experian stopped showing Aspire couple of month ago and I was sitting at 709 due to a paid collection. It just fell off about a week ago and now I'm at 573! Hoping TU and Equifax will update this month to a better score also.

Re: CreditUturn App Question

thornback — Mon, 24 Feb 2020 02:38:40 GMT

@Anonymous wrote:
Thank you so much for the info! I was gonna wait until about July/August of this year to order free credit reports. What's weird to me is the fact that Experian no longer shows it at all. Actually my Experian FICO 8 score is 753, now that it's clean. TU is still at 661 but it's from last month. Experian stopped showing Aspire couple of month ago and I was sitting at 709 due to a paid collection. It just fell off about a week ago and now I'm at 573! Hoping TU and Equifax will update this month to a better score also.

If you know how Transunion and Equifax are treating the tradeline (whether as a derogatory or closed in good standing) it would be helpful.

If they are treating it as a derogatory, then you can get it removed from Transunion 6 months early by requesting an Early Exclusion (EE) --meaning, you could request now. Early Exclusions only apply to derogatory tradelines, not those closed in good standing but with some late notations in the payment history. You could do this for any other derogatories you have, including collections, that are within 6 months of dropping off.

Equifax will only grant an EE 1 month in advance -- so you'll have to still wait, but you may be able to get Transunion cleared up very soon.

Experian will grant an EE 3 months early.

Re: CreditUturn App Question

Bankrupt2019 — Mon, 24 Feb 2020 02:39:48 GMT

@Remedios wrote:
🤦‍♀️

All the information in this board and this.......🤷🏻‍♂️Also 🤦🏻‍♂️

Re: CreditUturn App Question

Anonymous — Mon, 24 Feb 2020 02:52:08 GMT

@thornback

Thank you so much for that information! I actually didn't know about EE timelines for TU and Equifax. I will definitely do that since both of them show these as derogatory. My Equifax score is actually over 700 so I can wait until June. It's TU that's still pretty low. I'll get on it tomorrow! Thanks again! 😊

Re: CreditUturn App Question

thornback — Mon, 24 Feb 2020 02:53:20 GMT

@Anonymous wrote:
I was gonna wait until about July/August of this year to order free credit reports.

Apparently, you can now pull your EQ report for free 6 times per year. This would be the same comprehensive report you'd pull from annualcreditreport.com. Literally just came across the notification on the FTC website and posted about it here:

https://ficoforums.myfico.com/t5/Credit-in-the-News/Six-Free-Equifax-Reports-Per-Year-Through-2026/m-p/5928718

So you can get your comprehensive EQ report at least -- and not use up your single annual credit pull...

Re: CreditUturn App Question

Anonymous — Mon, 24 Feb 2020 02:55:50 GMT

Bankrupt2019

Yes, I know, I know! 🙈

Nevertheless I got some valuable information here tonight!

Thank you to all who replied! 😊

Re: CreditUturn App Question

thornback — Mon, 24 Feb 2020 02:58:58 GMT

@Anonymous wrote:
@thornback
Thank you so much for that information! I actually didn't know about EE timelines for TU and Equifax. I will definitely do that since both of them show these as derogatory. My Equifax score is actually over 700 so I can wait until June. It's TU that's still pretty low. I'll get on it tomorrow! Thanks again! 😊

TU is the easiest & fastest to get an EE. You can just go to Credit Karma and file a dispute using the "Too old to be reported" reason code. Most see a resolution with deletion within 24-48 hours of dispute submission. & You're welcome!

Re: CreditUturn App Question

Anonymous — Mon, 24 Feb 2020 03:01:07 GMT

thornback, wow! That's pretty awesome! I'm so going to order at my Equifax report tomorrow! And will go to CK right now to dispute TU.

Thank you! 🤩