topic Re: Help, got some questions. in Rebuilding Your Credit

Help, got some questions.

Aviator08 — Tue, 21 Jan 2014 19:53:19 GMT

Hello, new here and have a dew questions. I got creditwatch from here and was looking at my report. All the creditors on my report do not have a contact so wanted to try GW and see if it could help on some. But some accounts were sold, so I dont know who to send them too. Also how do i know if i paid the cc company directly or an agency. When i paid some of these accounts i didnt keep anything (stupid i know). Here the accounts i have and looking for advice.
First premier bank. Closed account paid for less than full

Crdt first- just says charge under description

Lvnvfunding- collection account still open im guessing balance $540

Credit one bank balance $540 charge off/account transferred or closed

BofA- largest balance $4,029. Account paid off for less than full

Re: Help, got some questions.

Aviator08 — Tue, 21 Jan 2014 19:55:42 GMT

If the account was sold to a CA, do I send the letter the the CA or the original account holder. Also i dont have any account number information and nothing shows on the report from myfico.

Re: Help, got some questions.

-NewGuy- — Tue, 21 Jan 2014 19:59:15 GMT

I had the same issue when I first started, no account numbers, phone numbers, etc. Your best bet for all of that information is to pull your actual credit report. You get one free from each bureau each year, so if you haven't pulled one in a year, do that. Otherwise you can by one for 10 bucks ish directly from the credit bureau.

Re: Help, got some questions.

Aviator08 — Tue, 21 Jan 2014 23:14:16 GMT

Ok, im gonna pull one from all 3 of them. The pull wont hurt my score right? Also of the OC sold the account, i can no longer send thdm a letter? Lastly my bofa cc was my oldest account. Would a GW hurt me more than help?

Re: Help, got some questions.

-NewGuy- — Tue, 21 Jan 2014 23:22:36 GMT

First, make sure you pull the actual credit report, either from annualcreditreport.com for your yearly free version or from the actual credit bureau. And no, pulling your report won't affect your score. Second, you would send the GW letter to whoever is reporting it on your CR. Lastly, with all the accounts paid already, sending a GW to BofA won't hurt you, either long or short term.

Re: Help, got some questions.

Aviator08 — Tue, 21 Jan 2014 23:50:37 GMT

Ok, gonna pay to pull all three from equifax. So even though they sold the account, i can still send them a letter? Also, for the mailing address do Ihave to look for a particular one? Thanks for ur help man.

Re: Help, got some questions.

-NewGuy- — Wed, 22 Jan 2014 00:13:51 GMT

Well, unless you have already pulled them in the last year, they are provided free at annualcreditreport.com. Otherwise getting them from the bureau is best. As far as where to send the letter, if the original creditor sold the account to a collection agency and you paid the CA, and the CA is reporting, then that's where the letter goes. Who is the one with the entry on your report, the OC or the CA?

Re: Help, got some questions.

Aviator08 — Wed, 22 Jan 2014 00:23:21 GMT

The Ca but wanted to see if its possible the oC would remove them.

Re: Help, got some questions.

Anonymous — Wed, 22 Jan 2014 00:43:53 GMT

The OC cannot remove a CA account. Especially since they no longer own the debt. If they did own it, it would be possible to have the debt recalled from the CA.

Re: Help, got some questions.

Aviator08 — Wed, 22 Jan 2014 00:53:39 GMT

O, all i can send the OC would be a GW since they sold the account to a CA. and the CA wi would send a PFF?

Re: Help, got some questions.

Anonymous — Wed, 22 Jan 2014 00:58:18 GMT

Yep, you got it.

Re: Help, got some questions.

Aviator08 — Wed, 22 Jan 2014 01:49:22 GMT

O i just pulled my reports and they all match up. Only thing is the mailing addresses to the agencies are all different in each report. Do i just mail one to each one or? Also a GW will bring the account to good standing and stay on record? If they tirn it down and offer a pfd can i put a clause to not delete the account off my CR just leave it in good standing?

Re: Help, got some questions.

Anonymous — Wed, 22 Jan 2014 01:55:19 GMT

The addresses, try a google search and see what you come up with.

It depends on what you are asking for in the GW letter. If you have one late payment that you want removed, then ask for that. If they do that, then, yes, the account would be in good standing and remain on your CR. If you ask for a deletion and the accomodate you, it will be removed.

A PFD is a pay for delete. Those are normally done for collections, charge offs, etc.

What exactly are you looking to have done, and from the OC or the CA?

Re: Help, got some questions.

Aviator08 — Wed, 22 Jan 2014 02:15:54 GMT

Well i have two accounts that i settled with and i hade late payments on. For those i want to send the gw to just delete the lates. If they say no, im willing to pay the remeingn balance so long the lates are removed. I dont want the account deleted if it will look like it was paid every month. For the one that was sold to a CA just a GW since i doubt i can make them the same offer or can I? And the CA would just be a PFD. I dont want the accounts deleted if i can just leave them there closed in good terms I dont know if that makes sense lol. Thanks again guys, just want to finally get this wheel rolling.

Re: Help, got some questions.

Aviator08 — Wed, 29 Jan 2014 02:58:40 GMT

Well, emailed bofa's ceo a gw and got a call saying there is nothing they can do :/