topic Re: Need an expert to assess my situation! in General Credit Topics

Need an expert to assess my situation!

demitasse03 — Thu, 23 Aug 2007 04:23:32 GMT

TO THE EXPERTS ON THIS FORUM: I need your advice, please! Below is a snapshot of my situation. For the last couple of months, despite my efforts in cleaning up accounts that weren't mine, paying off most collections, etc., my scores are lower than when I started. How should I proceed at this point to raise my scores. Thanks in advance for your input! (Due to size limitations, I'm dividing this message into two posts).

TU – 513

EQ – 551

EX - 564

DEROGS:

Company Bal Status Assignment Action/Notes

Medical 555 Collection DOLA 5/2005 EQ only; CRAs to validate

Medical 438 Collection DOLA 4/2005 EQ only; CRAs to validate

Medical 121 Collection DOLA 12/2002 EQ only; CRAs to validate

Medical 64 Collection DOLA 1/2003 EQ only; CRAs to validate

Medical 386 Collection DOLA 2/2003 EQ only; CRAs to validate

Medical 417 Collection DOLA 3/2003 EQ only; CRAs to validate

Cap One 1045 Unpaid chargeoff DOLA 6/2003 Monthly pmts since 2005

FNB Brookings 311 Unpaid chargeoff DOLA 10/2003 Monthly pmts since 2005

Unique 55 Paid collection Assigned 9/2004 GW sent – won’t delete

Re: Need an expert to assess my situation!

demitasse03 — Thu, 23 Aug 2007 04:24:24 GMT

DEROGS (cont.,)

Comcast 144 Collection Assigned 12/2001 Pending deletion by Comcast

Comcast 79 Collection Assigned 3/2006 Pending deletion by Comcast

ACS student loan 0 Late 180 days DOLA 6/2004

US Dept Educ 0 Late 120 days DOLA 8/2002 TU only; EX, EQ as current

Nat. City Mort. 0 Foreclosure DOLA 12/2001

Cap One* 1,277 Paid Collection/CO DOLA 6/2003

CCS 0 Late 120 days DOLA 8/2002 TU only

CLC 0 Paid Collection DOLA 10/2002 EQ only

CSRSI 0 Paid Collection DOLA 6/2002 TU and EQ only

Global Credit 0 Paid Collection DOLA 12/2002 Pending - possible deletion

Palisades 0 Paid Collection – Late 120 DOLA 1/2002 GW sent – won’t delete

Verizon 0 Paid Collection/CO DOLA 9/2005 GW sent – won’t delete

OPEN ACCOUNTS:

Company Bal Status

ACS Stud Loan 53,674 Pays as agreed

First Premier 89 Current

PUBLIC RECORD:

CapOne 1,277 Paid Judgment Date filed 5/2005 TU, EX as paid; EQ as filed

Four INQUIRIES since June 2007

Re: Need an expert to assess my situation!

Anonymous — Thu, 23 Aug 2007 04:30:46 GMT

Wait a little bit for your DV's, PFDs and GWs to do what they're gonna do.

Then - PFD and GW your heart out!

Re: Need an expert to assess my situation!

Anonymous — Thu, 23 Aug 2007 04:41:17 GMT

what is your SOL???

Re: Need an expert to assess my situation!

demitasse03 — Thu, 23 Aug 2007 04:56:31 GMT

@Anonymous wrote:
what is your SOL???

The majority of the debt originated in Maryland. The Maryland SOL for open ended accounts is 3 years. I currently live in Texas where the SOL is 4 years.

I have another question: For the last two years I have been making payments on two accounts that are past the SOL. Since I've been making payments, does this in effect cancel the SOL?

Re: Need an expert to assess my situation!

Anonymous — Thu, 23 Aug 2007 09:14:44 GMT

It resets the clock on the SOL, but does not affect the 7 year reporting period.

Re: Need an expert to assess my situation!

demitasse03 — Thu, 23 Aug 2007 14:56:59 GMT

bump

Re: Need an expert to assess my situation!

Anonymous — Thu, 23 Aug 2007 20:05:38 GMT

call your ags office & ask to apeak to soneone for info on consumer law (atate)....where I am they put me through to the banking dept.

The reason being ....this is what the law states ( Tx.)

The Texas Civil Practice & Remedies Code provides a 4-year limitations period for types of debt. The SoL begins after the day the cause of action accrues, (Section 16.004 (a) (3)).

find out if the cause of action begins again with pmts to a CA. IF you are lucky it might go back to orig.DOFD. BUT you need to know.

Re: Need an expert to assess my situation!

demitasse03 — Thu, 23 Aug 2007 21:04:30 GMT

Good point. I have checked into this for both Maryland and Texas, since I incurred most of my debt while residing in Maryland. I currently live in Texas. Here's what I found:

Maryland - The 3 year statute of limitations begins again if creditors can document that a debtor has reaffirmed a debt by a good faith basis by a written agreement, orally, or by payment.

Texas - The Texas Civil Practice & Remedies Code provides a 4-year limitations period for types of debt. The SoL begins after the day the cause of action accrues, (Section 16.004 (a) (3)).

Message Edited by demitasse03 on 08-23-2007 02:04 PM

Re: Need an expert to assess my situation!

Anonymous — Thu, 23 Aug 2007 21:21:18 GMT

demitasse03 wrote:
Good point. I have checked into this for both Maryland and Texas, since I incurred most of my debt while residing in Maryland. I currently live in Texas. Here's what I found:

Maryland - The 3 year statute of limitations begins again if creditors can document that a debtor has reaffirmed a debt by a good faith basis by a written agreement, orally, or by payment.

Texas - The Texas Civil Practice & Remedies Code provides a 4-year limitations period for types of debt. The SoL begins after the day the cause of action accrues, (Section 16.004 (a) (3)).

Message Edited by demitasse03 on 08-23-2007 02:04 PM

when making payments for 2 years, where you living in TX ???? If so I would say TX law would apply.

Be SURE and check with Tx as to restarting SOL.

Message Edited by HappyDays on 08-23-2007 02:20 PM

Message Edited by HappyDays on 08-23-2007 02:21 PM

Re: Need an expert to assess my situation!

demitasse03 — Thu, 23 Aug 2007 21:33:29 GMT

I will definitely check on this.

Also, by looking at my current debt status, can you (or anyone else) recommend strategies for raising my scores? Thanks.