topic Re: How to Remove Derrogatory Accounts on Credit Report? in Rebuilding Your Credit

How to Remove Derrogatory Accounts on Credit Report?

Anonymous — Mon, 06 Apr 2015 02:58:19 GMT

Hello everyone! I am new to this forum, I am in the process of rebuilding my credit; however, I have these 5 derrogatory accounts lingering and keeping me from getting approved by other higher credit card companies. It is frustrating!!!! I am wondering if anyone has any idea on how to remove them? Any help would be GREATLY appreciated!!!

5 Derrogatory accounts

-2 First Premier Bank Cards

-World Financial Bank

-Kay Jewelers

-Orchard Bank

Thanks I appreciate your help!!!

Re: How to Remove Derrogatory Accounts on Credit Report?

joeyoey — Mon, 06 Apr 2015 03:50:11 GMT

You've come to the right place. I'm sure someone (probably several someone's) will jump in soon & offer some advice. I'll get the ball rolling though b/c they're probably going to need a little more info to get started.

How old are the accounts? When you say derrogatory, are they charged off or just late...or, paid off & just late on your account? How old are the late payments? If they still have balances, what are the balances? What state do you live in?

Welcome to the board!

Re: How to Remove Derrogatory Accounts on Credit Report?

tomfromrictmame — Mon, 06 Apr 2015 14:04:23 GMT

The very first question is whether any of the information being reported is incorrect. If they are all correct (but derogatory), then they will be excluded from reporting in accordance with the FCRA. The specifics about this aging varies by type of account (OC or CO typically). As the other poster said, we will need more information.

Re: How to Remove Derrogatory Accounts on Credit Report?

Anonymous — Mon, 06 Apr 2015 16:37:09 GMT

@Anonymous wrote:
Hello everyone! I am new to this forum, I am in the process of rebuilding my credit; however, I have these 5 derrogatory accounts lingering and keeping me from getting approved by other higher credit card companies. It is frustrating!!!! I am wondering if anyone has any idea on how to remove them? Any help would be GREATLY appreciated!!!

5 Derrogatory accounts

-2 First Premier Bank Cards
-World Financial Bank
-Kay Jewelers
-Orchard Bank

Thanks I appreciate your help!!!

The first thing I would ask is are these paid or unpaid? are they only the original creditor or are they collection account?

Second thing is what are your positive current accounts?

Re: How to Remove Derrogatory Accounts on Credit Report?

Anonymous — Wed, 08 Apr 2015 18:26:39 GMT

Hello All THANK YOU for all your help thus far.

Credit Karma Derrogatory Accounts (5). Here is a list.

Creditor Name

FST PREMIER

Account Type

Credit Card

Account Status

Closed - Derogatory

Opened Date

Jul 19, 2009

Closed Date

Mar 09, 2011

Limit

$300

Term

Monthly Payment

Responsibility

Individual

Balance

$564

Highest Balance

$564

Payment Status

Collection/Charge-Off

Worst Payment Status

Unknown

Date of Last Payment

Dec 23, 2010

Amount Past Due

$564

Times 30/60/90 Days Late

0/0/0

Remarks

Charged off as bad debt
Profit and loss write-off

_______________________________

Creditor Name

FST PREMIER

Account Type

Credit Card

Account Status

Closed - Derogatory

Opened Date

Jan 31, 2009

Closed Date

Jan 31, 2011

Limit

$250

Term

Monthly Payment

Responsibility

Individual

Balance

$350

Highest Balance

$351

Payment Status

Collection/Charge-Off

Date of Last Payment

Mar 20, 2013

Amount Past Due

Times 30/60/90 Days Late

0/0/0

Remarks

Payment after charge off/collection

______________________________________________________________________________________________

Last Reported

Apr 16, 2014

Creditor Name

CB/BEALLS

Account Type

Charge Account

Account Status

Closed - Derogatory

Opened Date

Dec 22, 2010

Closed Date

Nov 22, 2012

Limit

Term

Monthly Payment

Responsibility

Individual

Balance

Highest Balance

$452

Payment Status

Collection/Charge-Off

Worst Payment Status

Unknown

Date of Last Payment

May 01, 2012

Amount Past Due

Times 30/60/90 Days Late

0/0/0

Remarks

Payment after charge off/collection
Dispute resolved; customer disagrees

_______________________________________________________

Last Reported

Jun 26, 2013

Creditor Name

KAY JEWELERS

Account Type

Charge Account

Account Status

Closed - Derogatory

Opened Date

Nov 16, 2010

Closed Date

Jun 28, 2012

Limit

Term

Monthly Payment

Responsibility

Individual

Balance

Highest Balance

Payment Status

Collection/Charge-Off

Worst Payment Status

Unknown

Date of Last Payment

Oct 18, 2012

Amount Past Due

Times 30/60/90 Days Late

0/0/0

Remarks

Payment after charge off/collection
Canceled by credit grantor.

__________________________________________________________________________

Last Reported

Jun 11, 2013

Creditor Name

CAPITAL ONE

Account Type

Credit Card

Account Status

Closed - Derogatory

Opened Date

Sep 14, 2010

Closed Date

Oct 17, 2012

Limit

$300

Term

Monthly Payment

Responsibility

Individual

Balance

Highest Balance

$651

Payment Status

Collection/Charge-Off

Worst Payment Status

Unknown

Date of Last Payment

Apr 17, 2012

Amount Past Due

Times 30/60/90 Days Late

0/0/0

Remarks

Payment after charge off/collection
Dispute resolved; customer disagrees

THAT IS ALL MY DERROGATORY ACCOUNTS. ANY HELP ON REMOVING THEM WOULD BE GREATLY APPRECIATED!!!! These were the mistakes i made when i was a youngin LOL! We have all been there...

Re: How to Remove Derrogatory Accounts on Credit Report?

gdale6 — Wed, 08 Apr 2015 19:07:00 GMT

@Anonymous wrote:
Hello All THANK YOU for all your help thus far.

Credit Karma Derrogatory Accounts (5). Here is a list.

Creditor Name
FST PREMIER
Account Type
Credit Card
Account Status
Closed - Derogatory
Opened Date
Jul 19, 2009
Closed Date
Mar 09, 2011
Limit
$300
Term
--
Monthly Payment
$0
Responsibility
Individual
Balance
$564
Highest Balance
$564
Payment Status
Collection/Charge-Off
Worst Payment Status
Unknown
Date of Last Payment
Dec 23, 2010
Amount Past Due
$564
Times 30/60/90 Days Late
0/0/0
Remarks
Charged off as bad debt
Profit and loss write-off                           PFD offer

http://ficoforums.myfico.com/t5/Rebuilding-Your-Credit/PFD-Q-amp-A-Examples-and-PFD-Success-Stories/td-p/2031275

http://ficoforums.myfico.com/t5/Rebuilding-Your-Credit/PFD-Example-Letter/td-p/4519
_______________________________

Creditor Name
FST PREMIER
Account Type
Credit Card
Account Status
Closed - Derogatory
Opened Date
Jan 31, 2009
Closed Date
Jan 31, 2011
Limit
$250
Term
--
Monthly Payment
$0
Responsibility
Individual
Balance
$350
Highest Balance
$351
Payment Status
Collection/Charge-Off
Date of Last Payment
Mar 20, 2013
Amount Past Due
$0
Times 30/60/90 Days Late
0/0/0
Remarks
Payment after charge off/collection     If this is in fact paid off then a GW letter http://ficoforums.myfico.com/t5/Rebuilding-Your-Credit/GW-letter-Q-amp-A-Examples-and-GW-Success-Stories/td-p/1573680
______________________________________________________________________________________________

Last Reported
Apr 16, 2014
Creditor Name
CB/BEALLS
Account Type
Charge Account
Account Status
Closed - Derogatory
Opened Date
Dec 22, 2010
Closed Date
Nov 22, 2012
Limit
--
Term
--
Monthly Payment
$0
Responsibility
Individual
Balance
$0
Highest Balance
$452
Payment Status
Collection/Charge-Off
Worst Payment Status
Unknown
Date of Last Payment
May 01, 2012
Amount Past Due
$0
Times 30/60/90 Days Late
0/0/0
Remarks
Payment after charge off/collection            GW letter
Dispute resolved; customer disagrees
_______________________________________________________

Last Reported
Jun 26, 2013
Creditor Name
KAY JEWELERS
Account Type
Charge Account
Account Status
Closed - Derogatory
Opened Date
Nov 16, 2010
Closed Date
Jun 28, 2012
Limit
--
Term
--
Monthly Payment
$0
Responsibility
Individual
Balance
$0
Highest Balance
$0
Payment Status
Collection/Charge-Off
Worst Payment Status
Unknown
Date of Last Payment
Oct 18, 2012
Amount Past Due
$0
Times 30/60/90 Days Late
0/0/0
Remarks
Payment after charge off/collection            GW letter
Canceled by credit grantor.
__________________________________________________________________________

Last Reported
Jun 11, 2013
Creditor Name
CAPITAL ONE
Account Type
Credit Card
Account Status
Closed - Derogatory
Opened Date
Sep 14, 2010
Closed Date
Oct 17, 2012
Limit
$300
Term
--
Monthly Payment
$0
Responsibility
Individual
Balance
$0
Highest Balance
$651
Payment Status
Collection/Charge-Off
Worst Payment Status
Unknown
Date of Last Payment
Apr 17, 2012
Amount Past Due
$0
Times 30/60/90 Days Late
0/0/0
Remarks
Payment after charge off/collection
Dispute resolved; customer disagrees             GW letter

THAT IS ALL MY DERROGATORY ACCOUNTS. ANY HELP ON REMOVING THEM WOULD BE GREATLY APPRECIATED!!!! These were the mistakes i made when i was a youngin LOL! We have all been there...

Welcome to My Fico

Re: How to Remove Derrogatory Accounts on Credit Report?

Anonymous — Thu, 09 Apr 2015 02:36:35 GMT

Thank you so much! I will be working on the letters this weekend!