topic Re: Delinquency removals?! please help... in Rebuilding Your Credit

Delinquency removals?! please help...

Anonymous — Tue, 16 Apr 2013 02:30:51 GMT

I truly apologize for asking, but I feel like i've read almost half of the 257K posts in the "rebuilding you credit" section and STILL do not understand :-/

Here is my dilemma. I have written multiple GW letters to Cap1 and Bank of America and they have all called me back with the same response, "...Because of the FCRA, we are unable to remove any delinquencies. I am sorry." I have written about 3 letters to each and a different person contacted me every time to tell me nothing can be done.

I do not understand why they tell me they can't do anything when OBVIOUSLY many people on here were able to have negatives removed. By law they have to report accurately.. but they can remove any reported negatives without reporting "inaccurately", right?? How were they able to do it for others but not for me?

I have negatives from 2012 because I left for the Marine Corps and after bootcamp, MCT and MOS school I could not find a job for most of 2012 because I was enrolled full time in college (thank goodnes to my parents!) . So I ended up living off the money I made during training for as long as possible until I ended up broke and behind on all my cards. I got a job in November of last year when I graduated and I make good money now and just paid off all my accounts so I have $0 balance due on all my credit lines. I explained that to them in the GW letters but they all still gave me the same response...

I would like to call them back and try to get them to remove the negatives so I can get a reliable vehicle to make it to my unit because my reserve unit is over 300 miles away. I used to ride with a a friend of mine but his enlistment contract is up. It is very very important to get these negatives removed otherwise I can't get a vehicle and can not make it to drill. Not making it to drills can RUIN my miltary career!

I apologize again if this seems like a repetitive topic.. but I have read post after post and still haven't really found an answer...

Thanks in advance!!!

- Anthony

Re: Delinquency removals?! please help...

DaBears — Tue, 16 Apr 2013 02:42:00 GMT

Hi Dirtbk80cc and welcome to the forums!!!! Under FCRA they are required to report correctly what the FCRA doesn't state is that they don't have to report at all. I would keep sending the GW's until it gets to someone else and or call them and explain your situation as you have. It takes one YES!!!! Good Luck!!!!

DaBears

Re: Delinquency removals?! please help...

Anonymous — Tue, 16 Apr 2013 02:47:54 GMT

What kind of delinquency? 30 day late? Charge off? Tell us more so we can help.

Re: Delinquency removals?! please help...

750orbust — Tue, 16 Apr 2013 02:49:01 GMT

Contact your CO. Perhaps He/she can assist you with some sort of help from the military......say, a letter or something to the creditors explaining the importance of this matter. Just a thought, don't know if it will do any good or not, but it never hurts to ask

Re: Delinquency removals?! please help...

Anonymous — Tue, 16 Apr 2013 02:49:21 GMT

Thanks!

here's another question... Would I ask them to remove the negatives? or do I ask them to adjust the negatives to positives? That's where I am confused... Since they don't HAVE TO report the history.. do I ask them to erase the entire history? I'm sorry.. I don't quite understand how the GW process works enough to even ask the right questions...

Does any of that make sense?

Thanks again!

Re: Delinquency removals?! please help...

750orbust — Tue, 16 Apr 2013 02:52:44 GMT

Are the TL's still active or have they been CO? If they're CO then you need to ask for a complete deletion of the entire TL. If they're still active you need to ask for the negatives to be removed.

Re: Delinquency removals?! please help...

Anonymous — Tue, 16 Apr 2013 02:53:29 GMT

MonkeyBelly,

Here is a copy of what I posted in an older thread to get some help also. Everyone on this forum is quite helpful and I am very thankful for that!!!

"I have one credit line ( CL?) from Bank of America with a balance of $771 (limit was 1,500) (opened Mar, 2007), current status "pays account as agreed", account closed by grantor

2 30 days late (Feb. 2012)

8 60 days late (Oct,Sep,Aug,Jul,Jun,May,Mar all of 2012 and one Mar 2011)

2 90 days late (Apr 2011, Apr 2012)

Another CL from Capital 1/Best Buy

balance is now $0 ( paid it off Mar 29 2013) current status - bad debt/collection, account closed by credit grantor
3 30 days late (Sept&Jun 2012, Dec 11)
2 60 days late ( Oct&Jul 2012)
4 90+ days late (Nov&Dec 2012, Jan-Feb 2013)

Another CL from Capital 1/HSBC

balance is now $0 (paid off March 29th, 2013) limit was $1,250, status "pays account as agreed" account closed by credit grantor

2 30 days late ( Sept&May 2012)

2 60 days late (Oct & June 2012)

and Cb/express

Balance $0, limit of $120, opened Mar 2005 and closed Oct 2009, status is "Pays account as agreed"

4 30 day late (Jun & Mar 2009, Dec & Aug 2008)

1 60 day late (Jul 2009)

2 90+ days late (Sept & Aug 2009) "

Re: Delinquency removals?! please help...

Anonymous — Tue, 16 Apr 2013 02:57:42 GMT

750orbust,

They all say "pays account as agreed" except for Cap1/Bestbuy... That one says Bad det/collection. It was sold to a collection agency but as soon as I found out, I paid it off through the collection agency. Would it be beneficial to delete that entire trade line? or leave it? I ask because I did have that credit line since 2005 and it's one of the oldest credit cards I had in my history.

Re: Delinquency removals?! please help...

750orbust — Tue, 16 Apr 2013 02:59:00 GMT

If it was in good standing I'd say leave it but its not, it's reporting as a collection so you need to ask for a complete delete.

Re: Delinquency removals?! please help...

DaBears — Tue, 16 Apr 2013 03:01:19 GMT

@Anonymous wrote:
MonkeyBelly,
Here is a copy of what I posted in an older thread to get some help also. Everyone on this forum is quite helpful and I am very thankful for that!!!

"I have one credit line ( CL?) from Bank of America with a balance of $771 (limit was 1,500) (opened Mar, 2007), current status "pays account as agreed", account closed by grantor
2 30 days late (Feb. 2012)
8 60 days late (Oct,Sep,Aug,Jul,Jun,May,Mar all of 2012 and one Mar 2011)
2 90 days late (Apr 2011, Apr 2012) This will affect you score for almost the entire 7 yrs its going to report as a adverse account.
Another CL from Capital 1/Best Buy
balance is now $0 ( paid it off Mar 29 2013) current status - bad debt/collection, account closed by credit grantor
3 30 days late (Sept&Jun 2012, Dec 11)
2 60 days late ( Oct&Jul 2012) These are hurting your score for being so recent.
4 90+ days late (Nov&Dec 2012, Jan-Feb 2013) This will affect your score for almost the entire 7 yrs that it will report as a adverse account.

Another CL from Capital 1/HSBC
balance is now $0 (paid off March 29th, 2013) limit was $1,250, status "pays account as agreed" account closed by credit grantor
2 30 days late ( Sept&May 2012)
2 60 days late (Oct & June 2012)

and Cb/express
Balance $0, limit of $120, opened Mar 2005 and closed Oct 2009, status is "Pays account as agreed"
4 30 day late (Jun & Mar 2009, Dec & Aug 2008)
1 60 day late (Jul 2009)
2 90+ days late (Sept & Aug 2009) "

I'm assuming here the credit card company closed these accounts based on too many late paments?

Re: Delinquency removals?! please help...

750orbust — Tue, 16 Apr 2013 03:04:36 GMT

FICO gods see a collection as a collection, whether PIF or not. The only thing that will lessen the impact on your score is the account getting older but you obviously don't have time to wait on that so bombard them with GW's until they can't stand seeing your name any longer. I would still suggest looking into what the military might be able to do to help you out. When I was in the N.G. I know that my CO was a really good guy and he actually personally picked up a couple of guys who didn't have transportation at the time. I'm not suggesting you ask your for a ride but maybe he/she can help influence the CA's decision if he/she can go to bat for you.

Re: Delinquency removals?! please help...

Anonymous — Tue, 16 Apr 2013 03:10:58 GMT

DaBears,

Yes, they closed the accounts because of the late payments.

750orbust,

Should I definitely ask for a delete of that bestbjuy credit line? Would that improve my score or drop it? I am so nervous because I feel like everything is a gamble with the scoring of a credit report.

It's so hard to maintain/improve good credit and so EASY to ruin it

Re: Delinquency removals?! please help...

750orbust — Tue, 16 Apr 2013 03:16:24 GMT

A collection is a collection is a collection!!! If it says collection on your CR, deleting it will do nothing but increase your score. Depending on the age of the account will determine how much. If memory serves from what I've learned here, collections are NOT factored into your AAoA so don't worry about having it deleted. Nothing but good will come of it.

Re: Delinquency removals?! please help...

DaBears — Tue, 16 Apr 2013 03:20:47 GMT

+1 collections have no affect on your AAoA. As stated try to get them deleted.

Re: Delinquency removals?! please help...

Anonymous — Tue, 16 Apr 2013 13:00:33 GMT

i just spoke with an Executive Customer Relations representative of Bank of America and all they keep telling me is that "noting can be removed or changed because they have to report everything accurately according to the FCRA." How do I talk to them into removing the negatives? What am I missing here? they say the CAN'T do that at all, but it has been done many of times. If it can be done, why do they keep telling me there is no way than can do it?

:'( I spoke with 9 different people alread and nothing... maybe I'm asking for the wrong thing?

any ideas?

Re: Delinquency removals?! please help...

DaBears — Tue, 16 Apr 2013 13:18:04 GMT

At this point if they are not going to do it, then it is what it is. Like I said earlier in my posts. The FCRA does say the information has to be reported correctly what it doesn't say is that they are NOT required to report at all.

Re: Delinquency removals?! please help...

Anonymous — Tue, 16 Apr 2013 13:55:27 GMT

those are two companioes that are hard to GW in my opinion, I send over 100 GW letters and emails to Executive office of capital one and got the same response. I gave up with capital one and will wait for it to fall off.

Re: Delinquency removals?! please help...

750orbust — Tue, 16 Apr 2013 14:05:38 GMT

I've been reading about people having success with the online chat method at getting Cap1 to delete. Maybe it's worth a try.