topic Re: Starting my repair journey in General Credit Topics

Starting my repair journey

Anonymous — Sat, 01 Mar 2008 22:02:57 GMT

Currently, EX: 671, EQ: 650, TU:595 (all from 2/28)

Here is what I have:

TU:

Derog accounts:

Verizon, "in collections" ($93)

Verizon, "in collections" ($52)

Some lates on a Utility that I plan to send a GW letter - I think this is my biggest hit from them since it is not listed on the others.

Collections:

Cavalry Portfolio ($366) - Says for Cingular but I am current with Cingular, might be an old AT&T account since it says last activity 8/2001 which is before I switched to Cingular. There is nothing for this amount listed in the "Accounts" section.

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EX:

Accounts:

BofA (old MBNA) charge off, last activity 4/2003, last updated 11/2003

Verizon (same as TU)

Collections:

Cavalary (same as above)

Hilco Receivables (says from the MBNA account, but the amount is different)

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EQ:

Accounts:

Verizon (same as the others)

Collections:

Cavalry (same as the others)

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Ok, I "borrowed" the DV letters I found here for Verizon and for Cavalry and plan to send them out CMRRR on Monday. I doubt Cavalry can verify since if it is from the old AT&T account in 2001 they probably won't have the info.

For Verizon I just wanted to see if they can verify since I really am not sure what it is - I figure I will find out and then can go for a paid delete (heck for $145 I just want it GONE!).

Now my real question is what to do about the BofA and Hilco. Should I do anything or just let them roll off in the next few years.

I read somewhere that you can dispute with the CRA if the information is not on the other CRA reports - I don't want to open a can of worms...

Re: Starting my repair journey

Anonymous — Sun, 02 Mar 2008 05:50:46 GMT

Take care of the Veriizon collections as it is affecting all of your scores. On the Cavalry one, what is the fall off date listed on your crpts. If this year it is up to you if you let it fall off. You still owe the money but it will not affect scores once it falls off. Also what is SOL on the account.

The Hilco and BofA probably have different amounts because Hilco is charging interest since they bouht account. Send them a DV letter. Make them prove that they have a right to collect on the account. Once you find out that they own the account deal with them and send BofA a GW letter asking them to remove account from file. It will fall off after 7 yrs anyway.

Re: Starting my repair journey

Anonymous — Sun, 02 Mar 2008 14:14:49 GMT

The fall off date for Cavalry is 5/2012 - the last active date is 2001 and since I didn't have Cingular in 2001 (I did have AT&T) I assume it is that - but I don't know why (mistake?). So I'll send them the DV letter.

Both the Hilco and the BofA are set to fall off 2/2010 - I may DV but I'm thinking maybe I'm better off not doing anything since they will be gone in 2yrs.

I'm going to deal with the Verizon stuff first - again not really sure the deal but I'd be happy to PFD and be done with it - just not worth the hassle (and FICO hit) for such a small amount. Are they generally good to deal with?

For SOL does it go by the state where the account was opened, the state where the default occured or the current state of residence?

Re: Starting my repair journey

Anonymous — Wed, 05 Mar 2008 16:25:50 GMT

I disputed the Cavalry and Hilco items with Experian (on-line, nice and easy) and the Hilco was DELETED! The Cavalry came back confirmed. I've fired of a DV letter to Cavalry so we'll see how that goes.

I've also sent a request of info (I don't know what you call it) to Verizon for the two collection items (sent to local office).

Message Edited by techno-pagan on 03-05-2008 08:25 AM

Re: Starting my repair journey

Anonymous — Wed, 05 Mar 2008 16:22:43 GMT

One more question: Do I want to hear back from Cavalry on my DV before I send a MOV to the CRA or should I send it now?

Re: Starting my repair journey

Junejer — Wed, 05 Mar 2008 16:29:57 GMT

I would wait to see if they are able to validate, before messing with an MOV.

Re: Starting my repair journey

Anonymous — Wed, 05 Mar 2008 16:52:08 GMT

Thank you!

Ah, still another question. For the Cavalry collection this is how it shows on my Equifax report. Is the "date last active" mean that it is close to the 7yrs and will soon fall off? On the other two CRA's that field shows as "not reported". Also only on Experian does it show Cavalry - EQ and TU show the 606yc13027 - not sure if that is meaningful or not.

Collection on debt to: Cingular Wirele
The collection agency "606yc13027" was hired to collect a debt of $366 originally owed to "Cingular Wirele" on account number "XXX6590".

Collection agency [?] 606yc13027
Original balance [?] $366
Current balance [?] $366
Status [?] Unpaid
Date assigned [?] Mar 01, 2005
Date reported [?] Jan 01, 2008
Date last active [?] Sep 01, 2001
Date paid [?] Not Reported
Date closed [?] Not Reported
Original lender [?] Cingular Wirele
Account number [?] XXX6590
Type of account [?] Not Reported
Account holder [?] Individual
Type of credit [?] Not Reported
Payment status [?] Not Reported
Largest past balance [?] Not Reported
Amount past due [?] Not Reported
Account descriptions [?] Not Reported

Message Edited by techno-pagan on 03-05-2008 08:52 AM

Re: Starting my repair journey

Junejer — Wed, 05 Mar 2008 16:54:22 GMT

It won't be seven years until Sep., so it can fall off anytime after Sep up until 180 days after that.

For whatever reason EQ codes CAs like that on the myfico reports. Is this the one that you said wasn't yours? If yours, find out the DOFD, before fiddling around with it.

Re: Starting my repair journey

Anonymous — Wed, 05 Mar 2008 17:05:06 GMT

Date last active [?] Sep 01, 2001

Derogs stay on for 7 yrs. It should fall off your report this year. I would leave it alone and let it fall off on it's own.

BTW, if you go to http://www.annualcreditreport.com , you can get all 3 reports for free and most items will have a removal date listed. I have found this most helpful.

Message Edited by looking_forward on 03-05-2008 09:05 AM

Re: Starting my repair journey

Anonymous — Wed, 05 Mar 2008 17:14:46 GMT

Derog I printed my EQ CR from annualreport and it makes no mention of drop-off dates anywhere.

That would be some useful info to me. Luckily I have 5 TL's dropping of this year (3 June, 1 Aug, 1 Oct).

SerenityBound....indeed!

Re: Starting my repair journey

Anonymous — Wed, 05 Mar 2008 17:23:43 GMT

Yes, I can't seem to add - I've fixed my post, LOL.

I don't know if it is mine - I currently have Cingular service and am current with my payments - I had the OLD AT&T in/around 2001 (when I was relocating from New York) so it may be related to that.

The drop off date on the Experian report shows as 3/2012 - there is no account listed on any of my reports that reference this amount $366 for AT&T or Cingular so I don't know the DOFD.

Re: Starting my repair journey

Anonymous — Wed, 05 Mar 2008 18:58:42 GMT

Hi,

I have a current BOA formerly fleet account that is showing late in 2002, the account is still open and has a balance. What can I say to the bureaus or the company to have the late taken off? Also I have an old Citi account that is showing over the limit also in 2002. How can i fix that?