topic Re: How To Get A Deletion Done on My Credit Report in Rebuilding Your Credit

How To Get A Deletion Done on My Credit Report

Anonymous — Fri, 29 Apr 2011 21:14:18 GMT

Hi All,

I finally decided to join because I'm in the process of reparing my credit. I finally got a job where I am not living paycheck to paycheck and I can knock out these debts that have been haunting me for a while.

My main question is how do I go about getting something deleted from my credit report? I am at a point now where I can actually call up the collection agencies and pay off debts in full but I want to know what to say to get the most out of paying off my debt. From my readings on this site, there isn't much difference between paying in full or paying the settlement amount unless there is a deletion.

Could you guys give me any more insight on this? I'm getting kinda excited about paying things off.

Thanks in advance!

Re: How To Get A Deletion Done on My Credit Report

Schoolbuskid — Fri, 29 Apr 2011 21:26:25 GMT

Can you list all the negative tradeline reporting?

Main info needed below:

DOFD (date of first deletion) or date scheduled to be removed

Amount

Collection Agency Name

Type of debt (medical or non-medical)

Re: How To Get A Deletion Done on My Credit Report

Anonymous — Fri, 29 Apr 2011 23:37:52 GMT

Re: How To Get A Deletion Done on My Credit Report

Schoolbuskid — Fri, 29 Apr 2011 22:08:07 GMT

We need to know what is reporting your credit reports so that we can best assist you.

Meanwhile here are some threads to read up on.

Example Letters

Goodwill Example Letters (GW):

http://ficoforums.myfico.com/fico/board/message?board.id=generalcredit&thread.id=127809

Pay for Delete Example Letter (PFD):

http://ficoforums.myfico.com/fico/board/message?board.id=generalcredit&message.id=2659

Debt Validation Letter (makes the collection agency prove that you owe the debt)

Re: How To Get A Deletion Done on My Credit Report

MarineVietVet — Fri, 29 Apr 2011 22:24:58 GMT

@Schoolbuskid wrote:
Can you list all the negative tradeline reporting?

Main info needed below:

DOFD (date of first deletion) or date scheduled to be removed
Amount
Collection Agency Name
Type of debt (medical or non-medical)

A small correction.

DoFD is Date of First Delinquency. In other words the date you first missed a payment and never again got caught up.

From a BK years ago to:
EX - 3/11 pulled by lender- 835, EQ - 2/11-816, TU - 2/11-782

"Some people spend an entire lifetime wondering if they've made a difference. The Marines don't have that problem".

Re: How To Get A Deletion Done on My Credit Report

MarineVietVet — Fri, 29 Apr 2011 22:29:20 GMT

@Anonymous wrote:
Hello everyone, Im new to the site and am enjoying reading all the post and responses. I'm in the same situation as Mr. Wyatt. I started building my credit in 2004 and was doing really well until 2008. I lost my job and the collectors started calling but sept of last year I went back to work and finally have enough money to pay off all this debt. i guess my question is, how to go about paying it off so it could be removed from the credit report. The two I've paid off are still on there with a zero balance. Is there anyway to get them removed. Thanks

This same question is posted here: http://ficoforums.myfico.com/t5/Rebuilding-Your-Credit/Trying-to-Rebuild-Credit-to-start-a-Family/t....

Please direct all responses there.

Re: How To Get A Deletion Done on My Credit Report

Schoolbuskid — Fri, 29 Apr 2011 22:34:18 GMT

Thanks for catching that Marine! Dont know what i was thinking.

Re: How To Get A Deletion Done on My Credit Report

MarineVietVet — Fri, 29 Apr 2011 22:46:40 GMT

@Schoolbuskid wrote:
Thanks for catching that Marine! Dont know what i was thinking.

No problem. If you're like me I'd much rather have a temporarily bruised ego caused by someone correcting me than have wrong information out there.

Re: How To Get A Deletion Done on My Credit Report

Anonymous — Sat, 30 Apr 2011 00:17:36 GMT

Schoolbuskid wrote:

Can you list all the negative tradeline reporting?

Main info needed below:

DOFD (date of first deletion) or date scheduled to be removed

Amount

Collection Agency Name

Type of debt (medical or non-medical)

Heres the list

1.) Holloway Credit Solutions, Date Assigned: 04/2009, Balance Owned $108, Medical

2.)Bonded Collecton Agency, Date Assigned: 10/2009, Balance Owned $537, ? Medical ??

3.)Medical Data Systems, Inc., Date Assigned: 02/2010, Balance Owned $150, Medical

4.)Holloway CR Bureau CO, Date Assigned: 05/2008, Balanced Owned $82, Medical

5.)I.C. Systems Inc., Date Assigned: 03/2005, Balanced Owned $649, Utilities

6.)Ehanced Recovery Corp LLC, Date Assigned: 10/2009, Balance Owned $814,Cable/Cellular (I just noticed this on my report, I've never had sprint service. I've been with Verizon since 2008)

Thanks for all the help and if theres any pointers you can throw in please do so

Re: How To Get A Deletion Done on My Credit Report

Schoolbuskid — Mon, 02 May 2011 21:44:19 GMT

@Anonymous wrote:
@Schoolbuskid wrote:
Can you list all the negative tradeline reporting?

Main info needed below:

DOFD (date of first deletion) or date scheduled to be removed
Amount
Collection Agency Name
Type of debt (medical or non-medical)

Heres the list
1.) Holloway Credit Solutions, Date Assigned: 04/2009, Balance Owned $108, Medical
2.)Bonded Collecton Agency, Date Assigned: 10/2009, Balance Owned $537, ? Medical ??
3.)Medical Data Systems, Inc., Date Assigned: 02/2010, Balance Owned $150, Medical
4.)Holloway CR Bureau CO, Date Assigned: 05/2008, Balanced Owned $82, Medical
5.)I.C. Systems Inc., Date Assigned: 03/2005, Balanced Owned $649, Utilities Do you know the Date of First Delinquency on this account? If past SOL you should send a Debt Validation Letter.
6.)Ehanced Recovery Corp LLC, Date Assigned: 10/2009, Balance Owned $814,Cable/Cellular (I just noticed this on my report, I've never had sprint service. I've been with Verizon since 2008) Do you know the Date of First Delinquency for this account? Send them a Debt Validation letter, makes them prove you owe, which they wont be able to do since, you never had sprint.

Thanks for all the help and if theres any pointers you can throw in please do so

On the medical collections its advised to go through the hipaa process/dispute this guarantees that you are protected by law. You need to google "hipaa process" or "hipaa dispute" or "whychats credit confusion" you will find tons of info there.

Re: How To Get A Deletion Done on My Credit Report

RobertEG — Tue, 03 May 2011 00:52:00 GMT

The very first thing to decide is whether or not the information being reported, such as a collection, is legitimate. If it is inaccurate, then you can use the dispute process under the FCRA to get it corrected or deleted,

If the information is accurate, then you can request its deletion in exchange for an offer to pay the debt, either in full of by way of a settlement. Any settlement offer should clearly specify that payment will be considered full satisfaction of the debt,

The problem with PFD offers is that they are totally discretionary on the part of the credtior or debt collector. Not only are they discretionary, but the credti reporting manual used by the CRAs incorporte into all credti reporting agreements the stipulation that accurately reported information is NOT to be deleted based on subsequent payment of the debt. While this guideline does not prevent deletions, it certainly gives the credtior or debt collector ammunition to state that deletion is improper.

It is usually much harder to get a PFD offer accepted for less than the full amount, as you are asking them for two concessions, One, to act contrary to establish credit reporting gudelines, and two, to accept less than the full amount they are due. The fact that a PIF and a settlement look the same to FICO scoring does not mean they are considered the same by the party with whom you are seeking the PFD.

Re: How To Get A Deletion Done on My Credit Report

Anonymous — Sun, 08 May 2011 02:28:33 GMT

Thanks everyone for the info. I'm writing out the "hipaa dispute" letter now. Does anyone know if this works well or is it hit or miss? Also does anyone know the best website to get all 3 credit reports at one time.

Re: How To Get A Deletion Done on My Credit Report

Schoolbuskid — Sun, 08 May 2011 03:36:59 GMT

You must follow the Hipaa program to a "T", do everything it says.

i am currently using www.creditchecktotal.com, its great for just monitoring your 3 reports. Also you can pull daily. downside its 29.95 a month.

Re: How To Get A Deletion Done on My Credit Report

Anonymous — Mon, 09 May 2011 02:48:21 GMT

@Schoolbuskid wrote:
You must follow the Hipaa program to a "T", do everything it says.

i am currently using www.creditchecktotal.com, its great for just monitoring your 3 reports. Also you can pull daily. downside its 29.95 a month.

I'm about to purchase all three CR now. Is it better to call them to update my addresses and how do I delete the old addresses? Its worth $30 a month at least right now while I get all these collections updated. Thanks for the reply

Re: How To Get A Deletion Done on My Credit Report

Anonymous — Thu, 26 May 2011 22:59:35 GMT