topic Re: Just starting to repair my credit, any help would be great in Rebuilding Your Credit

Just starting to repair my credit, any help would be great UPDATE

Anonymous — Mon, 04 Jun 2012 14:38:28 GMT

Just starting to repair my credit, am a beginner and am looking for some advise on the best route to go. Here are the details, please don't laugh to hard

Transunion: Score???

Adverse collection accounts-

tu electric balance $663 esitmated date of removal 08/2011

procollect inc balance $2122 esitmated date of removal 11/2011

Blakely-Witt Balance $331 estimated date of removal 12/2011

cmi balance $321 esitmated date of removal 02/2012

AFNI Balance $194 esitmated date of removal 02/2012

AFNI Balance $562 esitmated date of removal 05/2012

rs clark & ass balance $60 esitmated date of removal 12/2014 (just found out about this, DR visit I sceduled but never went to)

satisfactory accounts- never been late on any of these, showing 41 on time payments between them all

hsbc secured credit card credit limit $200 Date opened 11/2008 All payments have been on time

WFNNB Store Card credit limit $250 Date opened 11/2010 All Payments have been on time

Capitol One CC credit limit $300 Date opened 05/2011 All Payments have been on time

HouseHold Bank CC Credit limit $300 Date opened 05/2011 All Payments have been on time

preferred credit installment account balance $2,260 @ $129 a month. original amount financed was $3096 All payments have been on time

Equifax is identical to Transunion: Score 564

Experian has the same as the other 2 reports plus these additional that are not on the others: Score 504

collections-

united revenue corp balance $788 Date opened 10/2010 (medical)

united revenue corp balance $430 Date opened 07/2010 (medical)

united revenue corp balance $788 Date opened 11/2009 (medical)

United Revenue corp balance $670 Date opened 9/2008 (medical)

Re: Just starting to repair my credit, any help would be great

fot1 — Sun, 26 Jun 2011 17:55:09 GMT

What is your goal? Looking to buy a house soon or just have good credit? You have a lot of negatives that are set to fall off this year and with those coming off should jump your score up quite a bit. What is your states SOL? May be best to just on those and let age off. The medical debts you should research Hippa letters/process.

What are the balances on your open acounts? Ulti % should be less the %9 for best score.

Re: Just starting to repair my credit, any help would be great

Anonymous — Sun, 26 Jun 2011 19:14:23 GMT

Just looking to improve my score to possibly buy a house in 12-24 months and just to have a good score. Call me stupid but not sure what "states SOL" means, I need to research all the abbreviations you guys use. I currently have 60% Ulti but starting this month will have between 5-9%. Have always paid all cards off before due date, wasn't aware that they were reported at other times of the month until now.

If your talking about statute of limitations, its 4 years across the board.

Re: Just starting to repair my credit, any help would be great

rckstrscott — Sun, 26 Jun 2011 19:42:27 GMT

How much money are you willing to throw at the rebuilding process? In order to do the HIPPA process for medical, you have to pay the medical in full to the orginal collector, so depending on how big those debts are, that might not be the way you need to go for now.

How is your utilization on your credit cards? 60 percent? Just having on time payments doesn't ensure the highest score.. You need to show balances less than 9 percent total of the entire amount of available credit (there are lots of tweaks to this but that is kind of the general rule of thumb) -- you will get a large jump when you have this reporting at under 9 percent. Definitely.

You really won't see too much point increase when those ones fall off from this year because you have newer collections as well, so don't be shocked if your score only moves a little (however, you report will def. look cleaner) -- keep in mind, the statute of limitation refers to the time in which they can sue you for debt, it does not absolve you of debt and they can keep hounding you for money indefinitely.

Here is what I would do personally:

I would let the 2011 accounts fall off, I wouldn't contact them about the debt (I would make plans in the future to pay this however if you can afford it down the line)

I would pay for delete the other 4 listed.

cmi balance $321 esitmated date of removal 02/2012

AFNI Balance $194 esitmated date of removal 02/2012

AFNI Balance $562 esitmated date of removal 05/2012

rs clark & ass balance $60 esitmated date of removal 12/2014 (just found out about this, DR visit I sceduled but never went to)

I would personally offer full amounts to the collection companies in order for full deletion. Some people advise lower sums, and thats okay too. That is just my personal opinion. I know that last one you probably inside wouldn't want to pay and fight since they didn't provide a service, but it is only $60 dollars. Plus, it's the newest one on those reports so it is crucial to get that one off to see a full boost. AFNI in general has accepted lots of PFD's, I have done one with them myself.

In regards to medical, I had similar situations. I paid the original creditor in full and asked them to pull back the collection account. It worked 3 out of 4 times. I am battling with one who refuses to remove (because legally they don't have to ) -- The Hippa process works from what I hear, but I didn't want to take the time needed.

You are in a similar situation to where I was in Oct last year, and paying down my credit cards and doing similar steps has gotten be over 640 in 10 months.

Everyone has great tips and advice. Some people will disagree on how I recommend handling it, and thats the fun in all of this. Create your own approach from everything people advise. I treat it like a game

-scott

Re: Just starting to repair my credit, any help would be great

rckstrscott — Sun, 26 Jun 2011 19:48:59 GMT

Oh;

And it won't be easy -- I was thinking about this last night when I was sending out another batch of letters. Statistically, I have sent 40 emails and 200+ letters in the mail, and of those letters I would guess 15 were CMRRR.

I did start with 16 negative accounts, and I am still working on a few, but I have gotten 10 of them removed with letters, disputes, PFDs, and emails.

But if you factor in the money I spent paying of the debt, the letters, the time spend creating, emailing, google searching and of course, spending countless hours on here, I have paid out the wazoo to achieve what I needed done.

The amount of money and time put into rebuilding/fixing will be diretly tied in to the results you see. There really are no shortcuts no matter what books, informercials and other repair websites say.

Good luck!

Re: Just starting to repair my credit, any help would be great

Anonymous — Sun, 26 Jun 2011 21:26:28 GMT

With the HIPPA process which I have no idea yet what it is, will research it tonight, as I am watching the race right now, will it be easier cause only one CR is reporting it, do I have to worry about the other 2 picking up the 4 medicals? I am willing to let all negatives fall off except for the $60 and the 4 negatives, would this be a bad route to go.

Re: Just starting to repair my credit, any help would be great

Anonymous — Sun, 26 Jun 2011 21:27:11 GMT

I really have no idea's what letters to use for what applications and how to handle them, help would be great

Re: Just starting to repair my credit, any help would be great

MarineVietVet — Sun, 26 Jun 2011 23:09:09 GMT

@Anonymous wrote:
I really have no idea's what letters to use for what applications and how to handle them, help would be great

Hi there.

Because of legal concerns the detailed discussion of the HIPAA process is not allowed. If you do an internet search you can find information about it. I wish it weren't so but it is.

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: Just starting to repair my credit, any help would be great

Anonymous — Mon, 27 Jun 2011 14:23:12 GMT

Ok I need baby steps, lets start here.

rs clark & ass balance $60 esitmated date of removal 12/2014 (just found out about this, DR visit I sceduled but never went to)

How should I go about getting this removed?

Re: Just starting to repair my credit, any help would be great

llecs — Mon, 27 Jun 2011 14:37:02 GMT

@Anonymous wrote:
Ok I need baby steps, lets start here.

rs clark & ass balance $60 esitmated date of removal 12/2014 (just found out about this, DR visit I sceduled but never went to)

How should I go about getting this removed?

Do one of two things:

1) Follow the HIPAA process. You'd have to google for more info, but it involves zero communication with the CA and would involve paying the OC first. Then there are a series of letters you'd send to the OC and CRAs.

2) Send the CA a DV. If they verify and you agree, then send a PFD. If they respond in writing, then pay it and they'll delete.

IME, both work. IMO, the DV-PFD route is safer. Neither method is perfect and there are failures using both, but if you followed HIPAA and the CRAs don't delete, then you are stuck with a paid CA reporting $0 and that doesn't help you any or help your score.

Re: Just starting to repair my credit, any help would be great

Anonymous — Mon, 27 Jun 2011 14:47:43 GMT

OK whats a DV and a PFD?

Re: Just starting to repair my credit, any help would be great

llecs — Mon, 27 Jun 2011 14:49:38 GMT

Check these out:

Common Abbreviations

Credit Scoring 101 - great for knowing what is in your credit score and to see how your score is impacted.

What Steps Do I Take - great for learning the repair process.

and Example letters - PFDs, GWs, DVs, etc.

Re: Just starting to repair my credit, any help would be great

Anonymous — Mon, 27 Jun 2011 15:00:24 GMT

To DV to all 3 CA's, should I write letter's to all 3 or use the dispute process found on each's online sites. Sould I also DV these for Expieran, could doing this cause them to show up on the other 2 CA's

Experian has the same as the other 2 reports plus these additional that are not on the others:

collections-

united revenue corp balance $788 Date opened 10/2010 (medical)

united revenue corp balance $430 Date opened 07/2010 (medical)

united revenue corp balance $788 Date opened 11/2009 (medical)

United Revenue corp balance $670 Date opened 9/2008 (medical)

Re: Just starting to repair my credit, any help would be great

llecs — Mon, 27 Jun 2011 20:44:46 GMT

If you go the DV-PFD route, then send a DV to each CA. Don't dispute anything.

Doing anything to any OC/CA reporting only on one CRA can result in it reporting on all of them. There's no way of knowing if or what could happen to the reporting. BTW, make sure you have the $$$ set aside for each CRA if inside your state's SOL. For example, since there are 4 listed with that one CA, make sure SOL expired for all of them (unlikely) or have the $2500 or so saved to avert a judgment if they decide to sue.

Re: Just starting to repair my credit, any help would be great

Anonymous — Tue, 28 Jun 2011 15:26:32 GMT

So would this dv letter work for this account, should I delete some stuff out of the letter?

rs clark & ass balance $60 esitmated date of removal 12/2014 (just found out about this, DR visit I sceduled but never went to)

Your Name
Your Address
YourTown,, State ZipCode

Debt Collection Company Name
Their address
Town, State ZipCode

Date:

Re: Debt Collection Company Name; Acct # Debt Collection Company #; Original Creditor Name; OC Acct #

To Whom It May Concern:
This letter is being sent to you in response to a notice sent to me on DATE. Be advised that this is a notice sent pursuant to the Fair Debt Collection Practices Act, 15 USC 1692g Sec. 809 (b) that your claim is disputed and validation is requested.
This is NOT a request for “verification” or proof of my mailing address, but a request for FULL MEDIA VALIDATION made pursuant to the above named Title and Section. I respectfully request that your offices provide me with competent evidence that (a) the account is valid, (b) the amount allegedly owed is accurate, and (c) I have a contractual obligation to pay Debt Collection Company Name for this alleged debt.
All of the following MUST be provided to adequately validate the authenticity of the alleged debt AND provide proof of my contractual obligation to Debt Collection Company Name for this alleged debt:
• Signed credit application between myself and the original creditor
• Copies of all signed vouchers from the date account was opened until default
• Copies of all statements from the date account opened until default
• Proof of the statute of limitations
• Proof of agreement that you were hired by the Original creditor (creditor as defined by the FDCPA) or
• A copy of the contract Debt Collection Company Name purchased the alleged debt.
• If the alleged debt was purchased, provide a copy of an agreement between Debt Collection Company Name and myself, signed by me, stating that I have a contractual responsibility to Debt Collection Company Name for the alleged debt
• Provide proof that Debt Collection Company Name is bonded/Licensed for debt collecting in the State of Your State
Be advised that failing to provide ALL of the media requested to validate the alleged debt will invalidate any and all claims Debt Collection Company Name is asserting regarding this alleged debt. If Debt Collection Company Name can NOT provide all of the validation media requested above, ALL collection efforts MUST be stopped and the account MUST be DELETED from the Debt Collection Company Name. If you can NOT validate your claim, you can NOT, by law, collect on it, or SELL it to another collection agency. Also, reporting a debt to the credit reporting agencies that can not be validated is a violation of the FCRA (Fair Credit Reporting Act), and carries a $2500 fine to be paid to me. I have two years to decide if I want to pursue this matter. PLEASE GIVE THIS MATTER THE ATTENTION IT DESERVES.
If your offices are able to provide all of the validating media as requested, I will require at least 30 days to investigate this information, and during such time, all collection activity must cease and desist.
I am also stating, in writing, that no telephone contact be made by your offices. If your offices attempt telephone communication with me, including but not limited to computer generated calls and calls or correspondence sent to or with any third parties, it will be considered harassment, and I will have no choice but to file suit. All future communications with me MUST be done in writing and sent to the address noted in this letter by United States Postal Service.

Best Regards,

Your Name TYPED (Do Not Sign)

Re: Just starting to repair my credit, any help would be great

MarineVietVet — Tue, 28 Jun 2011 17:29:44 GMT

The simpler a DV the better. And besides the CA by law is not required to supply some of the things you asked for. Send something like this:

"I pulled my credit bureau report, and I discovered that you claim I owe you a debt. Under § 809 of FDCPA, send me validation of this debt."

"You claim I owe you a debt. In accordance with FDCPA, send me validation of this debt."

"I received your letter claiming I owe you a debt. Per the FDCPA, send me validation of this debt."

Send the letter CMRRR.

Re: Just starting to repair my credit, any help would be great

Anonymous — Wed, 29 Jun 2011 16:14:17 GMT

Can I DV all the stuff thats fixing to fall off in the next 11 months or would that be a bad idea, there all out of the SOL time frame

Re: Just starting to repair my credit, any help would be great

llecs — Wed, 29 Jun 2011 17:05:20 GMT

There's nothing wrong with that, IMO. If they verify and you agree, then you can always decide whether or not to offer a PFD.

Re: Just starting to repair my credit, any help would be great

Anonymous — Wed, 29 Jun 2011 19:44:34 GMT

Just did some quick research on the forum about RS clark, seems they are only assigned most debts, if thats the case can I just go to the dr. office and ask to pfd or should I do it through e-mails, or mail?

rs clark & ass balance $60 esitmated date of removal 12/2014 (just found out about this, DR visit I sceduled but never went to)

Re: Just starting to repair my credit, any help would be great

Anonymous — Wed, 27 Jul 2011 13:45:56 GMT

I have just typed and printed out DV letters for these accounts, I just want to make sure from you all with more knowledge, that nothing bad can come from DV these accounts since there out of the SOL, will they still fall off if there DV'ed when there sceduled too?

procollect inc balance $2122 esitmated date of removal 11/2011

Blakely-Witt Balance $331 estimated date of removal 12/2011

cmi balance $321 esitmated date of removal 02/2012

AFNI Balance $194 esitmated date of removal 02/2012

AFNI Balance $562 esitmated date of removal 05/2012

topic Re: Just starting to repair my credit, any help would be great in Rebuilding Your Credit

Just starting to repair my credit, any help would be great *UPDATE*

Re: Just starting to repair my credit, any help would be great

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Re: Just starting to repair my credit, any help would be great

Just starting to repair my credit, any help would be great UPDATE