topic Do not know where to start in Rebuilding Your Credit

Do not know where to start

Anonymous — Mon, 27 Apr 2009 13:12:40 GMT

I pulled my report and have a score less than 500. I just sent two letters to transunion dosputing two collection accounts. Need to know where to start to see my score come up. Not sure what to do.

Re: Do not know where to start

Anonymous — Mon, 27 Apr 2009 13:35:07 GMT

Like all long journeys, they begin with the first step and at the beginning point. Be sure to read up on the Credit 101, FICO scoring and helpful threads. This information will save you a ton of headache, especially if you are dealing with CA's etc.

FICO High Achievers - Credit Scoring 101 - myFICO PDF Booklet - Closing CC's
Frequently Requested Threads - FTC website: Knee Deep in Debt - Helpful Threads
FICO Score Estimator

Re: Do not know where to start

Anonymous — Mon, 27 Apr 2009 13:43:55 GMT

Is that a score you got here?

You need to know the most important information first, the DOFD for each account, the DOLA(usually date of last payment), and your state's SOL.

If you haven't already, I would get your free annual reports, as these reports come directly from the CRA and provide much more information than reports you'll get elsewhere, like on myFICO or TrueCredit.

Check out the links in my signature, very helpful information there.

For medical debts, you want to follow the HIPAA process. You can read about that by click on the link titled "Recovering from Medical Debt" below.

For any account with a CA, you always want to DV before PFD'ing.....but you never want to DV before knowing the above information.

For questions on specific accounts list back the specifics of the account

1) Original Creditor

2)Who is reporting-- the OC or a CA

3) Name of CA

4) Is the OC reporting a balance

5) DOFD

6) DOLA

7) SOL for your state

8) Can you PIF

Re: Do not know where to start

Anonymous — Mon, 27 Apr 2009 20:51:42 GMT

One of the collection agencies is saying that i have a balance. I spoke witht he original creditor and they said they received payment from me and that i have a zero balance with them. I spoke to the CA after that and they said that the person i spoke to did not know what she was talking about and that i will appear on my credit report for the next 7 years and there is nothing I can do about it.

Re: Do not know where to start

Anonymous — Mon, 27 Apr 2009 23:14:22 GMT

If the balance were to be legit, if the debt is beyond SOL or you can PIF, then I would DV the CA. Keep it short and simple and send it CMRRR.

Stop talking to them on the phone.