topic Re: Repair Plan - advice? in General Credit Topics

Repair Plan - advice?

Anonymous — Tue, 11 Sep 2007 19:45:28 GMT

I consolidated credit info in a spreadsheet. Was looking for some feedback on my "plan" column. Just bought house on seller contract, and need to refi July 2012. Thought I should ignore anything before 2010 and try to get rid of anything that I can after. In the meantime, will open some TL's and make some new pos hx that is weighed more heavily. I am posting the spreadsheet next. Thoughts anyone?

Re: Repair Plan - advice?

Anonymous — Tue, 11 Sep 2007 20:20:37 GMT

GOSH! You'd think a forum about finances would be able to accept a freaking table!!

I appreciate any advice anyone has to offer.

EX EQ TU       CA                        OC             Bal              Drop             Plan
y      y      y         Asset Accept       Target       $613.00      1-Dec-07       Ignore
y      y      y         Palisades             Verizon    $255.00      1-Dec-07       Ignore
y      y      y         LVNV Funding      Metris?     $4,069.00 1-Feb-08       Ignore
y              y        ER Solutions         DirecTV    $107.00      1-Jun-08        Ignore
y      y                Applied Bank        Cap One $-                1-Oct-08       Ignore
y      y      y        Midland Credit       Orchard     $1,054.00 1-Oct-08        Ignore
y      y      y        Midland Credit      Orchard    $947.00       1-Oct-08       Ignore
        y      y        HSBC NV             Orchard    $-                1-Jan-09       Ignore
        y      y        HSBC NV             Orchard    $-                1-Jan-09        Ignore
        y      y        HSBC NV             Orchard    $-                1-Jan-09        Ignore
y                       Oregon State SC ?                $1,706.00    1-Sep-09       Ignore
y                       Oregon State SC ?                $1,126.00    1-Sep-09       Ignore
                y       Your Credit           Your Credit $-                1-Sep-09      Ignore
y              y       Credit Protect       Hlywd Vid    $121.00       1-Oct-09       Ignore
y    y       y       ECMC                   US Bank      $1,733.00 1-Nov-09       Ignore
y              y       Cascade Coll        NW Natural $76.00        1-Aug-10       PFD
y                       Cascade Coll        Valley Recyc $31.00      1-Jul-11        Dispute
y              y        Allied Inter             Sprint          $187.00      1-Apr-12        DV
y              y       Quick Collect         Dr Ross      $497.00      1-Jul-12        GW
y                       CBA                      DS Waters $454.00      1-Aug-12       PFD
y     y        y       Figi's                     Figi's          $130.00      1-Nov-12       PFD
y              y       US Dept of Ed      US Bank   $-                 1-Mar-13       Ignore
y     y        y       US Dept of Ed      US Bank    $3,506.00     1-Apr-13       Pay Monthly
y     y        y       Aspire                   Aspire       $1,438.00     1-Oct-13       Pay Monthly
y                       HSBC NV             Fingerhut    $4,194.00      ?                  Ignore
y                       Lacamas              Lacamas $-                    ?                 Dispute
y     y        y      USBank                US Bank     $4,358.00      Stdnt Loan Ignore

Re: Repair Plan - advice?

Anonymous — Tue, 11 Sep 2007 20:26:58 GMT

Holy crap, are all those in collections?

Re: Repair Plan - advice?

Anonymous — Tue, 11 Sep 2007 20:32:39 GMT

in one form or another yes. at least 5 of them are for a student loan that gets resold all over the place, and I am currently paying on, and then there are 5 others that are duplicates but also resold so they all get to stay on there apparently.

Re: Repair Plan - advice?

Anonymous — Tue, 11 Sep 2007 20:42:59 GMT

GOSH! You'd think a forum about finances would be able to accept a freaking table!!

I appreciate any advice anyone has to offer.

---------------------------------------------------------------------------------------------------------------------------------

And I thought I was in a bsd situation!! Wow!!!!

Re: Repair Plan - advice?

Anonymous — Tue, 11 Sep 2007 20:46:29 GMT

yes, i'm painfully aware that i'm in a bad situation. does anyone have any advice to offer?

Re: Repair Plan - advice?

Anonymous — Tue, 11 Sep 2007 20:52:59 GMT

Redamagon wrote:

And I thought I was in a bsd situation!! Wow!!!!

Let's not rub salt into the wound, eh? There is ALWAYS someone in a much worse situation. Perhaps OP is lucky to have a roof overhead and food on the table (and access to a computer).

Re: Repair Plan - advice?

Anonymous — Tue, 11 Sep 2007 20:57:30 GMT

Hi orhippychic,

It's a pretty good plan, but a word of advice - DON'T IGNORE THE STUDENT LOANS IF THEY WERE FEDERALLY FUNDED!

Federally funded student loans, like taxes and child support, has NO SOL for collection. Plus, the government can get a judgement against you without going to court AND they are allowed to garnish your wages (up to 25% of your pay) and your bank accounts until you satisfy the debt. My brother tried to ignore his student loans, and he got the surprise of his life when he received a copy of a letter from the federal government to his employer about garnishing his wages for his unpaid student loan!

If the student loans were federally funded, I would start paying them.

As for your Aspire card, you may be able to negotiate for a 0% interest rate which will allow you to pay it off quicker.

Message Edited by JennLewis on 09-11-2007 01:57 PM

Re: Repair Plan - advice?

Anonymous — Tue, 11 Sep 2007 20:56:17 GMT

thanks,

I'm actually in a much better place now than I was even 6 months ago. got a big promotion that changed my life. want to get back on track and this forum has taught me a lot, but specific advice is always more helpful.

Re: Repair Plan - advice?

Anonymous — Tue, 11 Sep 2007 20:57:46 GMT

hahahahhahahaa OMG can't stop laughing at SCRAMbLINGIN......i was always told that when I did something do it well....you did it very well lmao CHIC!!!!!

First what state are you in ...what is your SOL?

http://www.bankrate.com/brm/news/cc/20040116b2.asp?caret=8

http://www.fair-debt-collection.com/SOL-by-State.html#7

CRTP and SOL

http://ficoforums.myfico.com/fico/board/message?board.id=generalcredit&message.id=17466

Re: Repair Plan - advice?

Anonymous — Tue, 11 Sep 2007 21:00:03 GMT

jenn,

thanks so much. I have been paying the student loans monthly for about the last 5 months, and they told me that they would be able to remove about $800 in fees after 8 months of steady payments. so far so good on that one.

as far as aspire, they offered me 2 things and I took them up on it. 1. they charged off my account but said if i paid them $X by a certain date that they would reverse it. I did that and got a TC alert that a new account had been added by them. waiting to see if it replaced the old one or is a duplicate and will dispute if its a dupe. 2. they got me on the zero interest plan and I'm having my payments taken automatically. i'm hoping that combining 1 and 2 will actually result in a pos TL and will help me get back on track.

Thanks again!

Re: Repair Plan - advice?

Anonymous — Tue, 11 Sep 2007 21:01:57 GMT

I'm in oregon, SOL is 6 years.

not sure who you're laughing at or with on this one...

Re: Repair Plan - advice?

Anonymous — Tue, 11 Sep 2007 21:25:37 GMT

was not laughing at you...was shocked response that you got .

OK 6 years....I would not touch anything that is not past SOL. Not even a dispute....you could wake a sleeping giant. Unless you are ready to pay.

Asset Accept       Target       $613.00      1-Dec-07       Ignore
y      y      y         Palisades             Verizon    $255.00      1-Dec-07       Ignore
y      y      y         LVNV Funding      Metris?     $4,069.00 1-Feb-08       Ignore
y              y        ER Solutions         DirecTV    $107.00      1-Jun-08        Ignore
y      y                Applied Bank        Cap One $-                1-Oct-08       Ignore
y      y      y        Midland Credit       Orchard     $1,054.00 1-Oct-08        Ignore
y      y      y        Midland Credit      Orchard    $947.00       1-Oct-08       Ignore
    YES IGNORE THE ABOVE ACCOUNTS

Cascade Coll NW Natural $76.00 1-Aug-10 DISPUTE

Cascade Coll Valley Recyc $31.00 1-Jul-11 Dispute

If it comes back as verify then PFD

Allied Inter Sprint $187.00 dispute and DV with strong DV letter (same time)

CBA DS Waters $454.00 dispute and DV

Figi's Figi's $130.00 dispute and DV

Always dispute at the same time as DV and be sure that DV goes CMRRR

DV LETTER

Jones Collection Agency

222 1st Street

Noplace, FL33333

Re: Account #: 5555555

Dear Sir or Madam:

This letter hereby notifies you that the validity of this debt is in dispute. In an attempt to validate this debt, I am requesting evidence of this debt, specifically the alleged contract or other instrument bearing my signature, as well as proof of your authority in this matter. Absent such substantiation, under federal and state law you must correct any erroneous reporting to any and all credit reporting agencies

In accordance with Section 809 of the Fair Debt Collection Practices Act, Fair Credit Reporting Act and corresponding case law, please provide me, in writing, the following information:

A copy of the alleged original contract or other instrument bearing my signature
Complete account history, including, all statements, records of all activity, payments, collection attempts, and any charges added for collection activity; In short, any and all documentation pertaining to this account
Evidence of your authorization under 15 USC 1692(e) and 15 USC 1692(f) in this alleged matter
Evidence that your company is registered as a consumer collection agency in the State Of ________

Additionally, until full validation is provided, all representatives of your company, or any affiliated company, must immediately cease & desist all attempts to collect the aforementioned debt. Failure of your company to comply with this request will be a violation of the Fair Debt Collection Practices Act and will directly result in a complaint filed with the Federal Trade Commission and the State Of_______ Attorney General's office. Please be advised, should this request be violated, I will pursue all criminal and civil claims, including any and all punitive damages, allowable by federal and state law against your company.

Failure to respond, in writing, and in a timely manner, will serve as a waiver to any and all of your claims in this matter and that this matter is permanently closed. Please provide the requested information or correct your records and immediately request the removal of this invalid debt from all sources to which you may have reported.

For the purposes of 15 USC 1692 et seq., this Notice has the same effect as a dispute to the validity of the alleged debt and a dispute to the validity of your claims. This Notice is an attempt to correct your records, and any information received from you will be retained should further action become necessary. This is a request for information only, and is not a statement, election, or waiver of status.

I look forward to your timely response.

Best regards,

TYPE NAME....DO NOT SIGN

Re: Repair Plan - advice?

Anonymous — Tue, 11 Sep 2007 21:49:10 GMT

Thanks so much! I was a little surprised myself, most people seem to be really nice on here.

Anyway,

A couple of questions:

1. Why is it that you do not sign a DV? I wrote one for my BF and had him sign it. It was for a fraudulent CC that his EX-GF opened and we thought it was a GOOD idea to sign it since it will help proove that it wasn't his signature that opened the account. Did I screw up big time?

2. Why do you DV and Disp at the same time?

3. If I DV and Disp the 2009 drops won't i run the risk of waking the sleeping beast?

Thanks again for helping. As you can see I really need it, and I want to make sure I do things the smart way since I don't want that mountain of collections to crash down on me.

Re: Repair Plan - advice?

Anonymous — Tue, 11 Sep 2007 22:09:26 GMT

Never sign as it only takes 2 min. to copy signiture & claim that you signed the document. Only time you would sign is when sending something to a CRA. Notice #1 of dispute letter

I thought I copied only what you were ready to pay......did I make a mistake?

A CRA can take 30-45 days to complete a dispute......Once a CA receives a DV they must validate it to you within 30 days and MUST stop all collection...including reporting.

If they continue to report without validation they are in violation!

You can pick & choice who you want to dispute and DV.... A simple dispute CAN start trouble.

For myself.....I waited until my SOL was past befor starting anything.

OK I looked back yes ignore everything in 09.......i just shortened list.

Message Edited by HappyDays on 09-11-2007 03:09 PM

Re: Repair Plan - advice?

Anonymous — Tue, 11 Sep 2007 22:23:15 GMT

Ok cool, I'm with you now. Hopefully my BF's signature doesn't cause him any trouble. I doubt it because it will be her signature on every purchase and I suspect she used a fraudulent name for herself and added as AU. She liked to change her last name to my BF's last name even though she was married to someone else. This is how I'm going to catch her. I will keep the forum posted on that particular subject, as I have posted about it before. This woman is something else...

In the meantime, I'll start drafting some letters. Should I use myfico's dispute letters to start with? They make it pretty easy to keep everything straight. Then I'll use the aggressive DV you suggested. At this point I guess it doesn't matter if they get mad or not, because they can sue me at any time right? Maybe I'll get lucky like some others here and they will just drop off. I feel a little bit more confident now, thanks for the advice.

Re: Repair Plan - advice?

Anonymous — Tue, 11 Sep 2007 22:39:13 GMT

you do not need letters to dispute!!!! you can do that on line. take your time only dispute what you might need to pay....that way you know how much that you need to PFD.

read PM

Re: Repair Plan - advice?

Anonymous — Tue, 11 Sep 2007 22:48:26 GMT

Regarding signatures ... when you sign your name on any document, always make sure part of your signature runs on top of your printed name. It makes it harder for someone to copy if your typed name is in the background ... although not impossible for those sleazy CAs ...

Re: Repair Plan - advice?

Anonymous — Tue, 11 Sep 2007 22:51:21 GMT

that's a really good idea.

I will try disputing online. I got the free reports from annualcreditreport.com so I hae report numbers I should be able to use. I'll keep you posted. Thanks all!!

Re: Repair Plan - advice?

Anonymous — Wed, 12 Sep 2007 01:15:36 GMT

Hippychic, i was not laughing at you! i was just shocked. we are all in the same situation and thats why we're all here, trying to fix up our credit and keep it clean. i am sowy if i hurt your feeling, please accept my apology