topic Re: Rebuild Update for 2020 in Rebuilding Your Credit

Rebuild Update

simplegirl — Sun, 07 Feb 2021 14:29:33 GMT

So just a quick update:

another collection just added to my report today for $155 the agency is DRS (Debt Recovery Solutions) so I sent them a PFD letter today and hopefully they agree to it.
I sent TXU Energy a PFD letter just waiting on a reply from them
I paid my last collection with Portfolio Recovery so just waiting for them to delete it
Paid my verizon collection through Jefferson Capital so waiting on them to delete also and glad that verizon removed their charged off account
Will be paying my AD Astra collection first thing next year where i will settle it and hopefully it has been 2 years so that they will delete also Then I will have no more collections left after unless they come after the fact like DRS.
I got back in with Capital one so I now have my 2nd card and waiting until discover will let me back in so that I can get my third card.
I was pre-approved with capital one so that I can get me a car and the highest apr was 11% but I'm not going to use it because I'm trying to focus on my leftover negatives but i will by October 2021 get me a new car. I was surprised i got an pre-approval since i have a open repossesion on my credit report that the owner doesn't want to pay and it falls off February 2025.
I've been sending goodwill letters to all charged off accounts waiting to get a yes but if not it falls off late 2024.

So the only things i have left to pay is TXU Energy, Ad Astra, DRS, and as far as the repossesion there is nothing i can do but wait for it to fall off my report. Also have to try and get the lates removed from my federal student loans if possible because that is the only lates on my open accounts. So i have 1 90 and 120 day lates spread across 5 different loans. Link to my rebuild https://ficoforums.myfico.com/t5/Rebuilding-Your-Credit/My-Rebuild-SimpleGirl/m-p/5508731

Re: Rebuild Update for 2020

gdale6 — Sun, 27 Dec 2020 22:46:48 GMT

Grats to all your work and keep it up!

Re: Rebuild Update for 2020

Anonymous — Mon, 28 Dec 2020 01:21:35 GMT

@simplegirl wrote:
So just a quick update:
another collection just added to my report today for $155 the agency is DRS (Debt Recovery Solutions) so I sent them a PFD letter today and hopefully they agree to it.
I sent TXU Energy a PFD letter just waiting on a reply from them
I paid my last collection with Portfolio Recovery so just waiting for them to delete it
Paid my verizon collection through Jefferson Capital so waiting on them to delete also and glad that verizon removed their charged off account
Will be paying my AD Astra collection first thing next year where i will settle it and hopefully it has been 2 years so that they will delete also Then I will have no more collections left after unless they come after the fact like DRS.
I got back in with Capital one so I now have my 2nd card and waiting until discover will let me back in so that I can get my third card.
I was pre-approved with capital one so that I can get me a car and the highest apr was 11% but I'm not going to use it because I'm trying to focus on my leftover negatives but i will by October 2021 get me a new car. I was surprised i got an pre-approval since i have a open repossesion on my credit report that the owner doesn't want to pay and it falls off February 2025.
I've been sending goodwill letters to all charged off accounts waiting to get a yes but if not it falls off late 2024.
So the only things i have left to pay is TXU Energy, Ad Astra, DRS, and as far as the repossesion there is nothing i can do but wait for it to fall off my report. Also have to try and get the lates removed from my federal student loans if possible because that is the only lates on my open accounts. So i have 1 90 and 120 day lates spread across 5 different loans. Link to my rebuild https://ficoforums.myfico.com/t5/Rebuilding-Your-Credit/My-Rebuild-SimpleGirl/m-p/5508731

Congrats on your progress!

I just wanted to say there is virtually zero option to get the fedloan lates removed. You are still paying on the loan(s) and they are legally required (actual law) to report accurately while you are paying. Once paid, they can be semi more flexible on GW requests. This is the higher education act/law. If you dispute the lates, FedLoan responds by adding on the additional lates that were not previously reported, as Fedloan usually starts at 60 or 90d late.

Re: Rebuild Update for 2020

simplegirl — Mon, 28 Dec 2020 02:01:17 GMT

@Anonymous I'm not concerned with it I just have a whole bunch of stamps and wanted to try and ask FedLoan for an goodwill adjustment so I can add my experience to the forum. Since I can get approved for a car and I'm not making any other big purchases it can stay for the remaining 5 years.

Re: Rebuild Update for 2020

Anonymous — Mon, 28 Dec 2020 04:56:40 GMT

@simplegirl wrote:
@Anonymous I'm not concerned with it I just have a whole bunch of stamps and wanted to try and ask FedLoan for an goodwill adjustment so I can add my experience to the forum. Since I can get approved for a car and I'm not making any other big purchases it can stay for the remaining 5 years.

I am just giving you fair warning that there is almost no circumstance where Fed backed loans grant GW requests when they are still being repaid and to keep your expectations realistic. It is always worth a shot, of course, if you have the stamps to burn. If they weren't bound legally to the higher education act regarding reporting, your odds would go up some.

Re: Rebuild Update for 2020

simplegirl — Mon, 28 Dec 2020 05:21:14 GMT

@Anonymous wrote:
@simplegirl wrote:
@Anonymous I'm not concerned with it I just have a whole bunch of stamps and wanted to try and ask FedLoan for an goodwill adjustment so I can add my experience to the forum. Since I can get approved for a car and I'm not making any other big purchases it can stay for the remaining 5 years.
I am just giving you fair warning that there is almost no circumstance where Fed backed loans grant GW requests when they are still being repaid and to keep your expectations realistic. It is always worth a shot, of course, if you have the stamps to burn. If they weren't bound legally to the higher education act regarding reporting, your odds would go up some.

Yeah i know there is no guarantee and I'm not concerned with getting turned down. I didn't start goodwilling thinking everyone would say yes or even reply. I just do as maybe it will work and maybe it won't but at least I tried. My main focus is getting my collections removed completely and trying to get the charge offs removed. The student loans are not a priority expect to get them paid off completely.

Re: Rebuild Update for 2020

simplegirl — Wed, 30 Dec 2020 12:06:22 GMT

Just got an update that a portfolio was removed from Transunion and I gained 6 pts. Awesome! I also think that Jefferson capital updated to zero so waiting on them to be removed. DRS is only reporting on Experian as of now and I'm not sure if it will stay that way but I hope it does.

Edit: It was Jefferson capital that was removed and portfolio is still on my report for some odd reason with a zero balance so the point gain was from Jefferson.

Re: Rebuild Update for 2020

simplegirl — Fri, 01 Jan 2021 02:10:49 GMT

Equifax does not like me. Not only is it my lowest score which was 554 but i lost 4 points because my capital one card finally reported. Still waiting for portfolio to delete and Jefferson to delete off the other two credit reports. Still need to pay ad Astra and sent my PFD letter for DRS to the right address with the wrong company name so I guess i will see how the response to that goes if there is one.

Re: Rebuild Update for 2020

simplegirl — Thu, 14 Jan 2021 15:32:16 GMT

Okay so as of today I have paid DRS in full and it will be deleted thankfully and I paid Ad Astra for a settlement offer so yay on that. But ad Astra will not be deleted or requested to be until September of this year unfortunately. Good thing is all my collections are paid so just waiting on deletion and then I can finally see how it affects my scores. Also I got approved for care credit which I needed to get my wisdom teeth removed so now have 3 revolvers. I will still keep trying to pre-qualify for the discover card and hopefully my citi card will finally graduate in August after 2 years of having it....

Re: Rebuild Update for 2020

simplegirl — Sun, 17 Jan 2021 14:12:59 GMT

Jefferson capital is still reporting on Experian with a balance which is really testing my patience. Usually Equifax is my problem one but even they removed it already. The funny thing is Experian is actually my higher score and the other 2 only have 2 collections left on them but I've noticed Equifax is much more picky with calculating a score making it my lowest.

Re: Rebuild Update for 2020

simplegirl — Wed, 20 Jan 2021 01:37:36 GMT

I don't know how people have had success with comenity. Instead of telling me they have to report accurately they tell me PRA has your account any questions about it you have to contact them. I don't even think they actually read the letter because i sent one saying i paid PRA now can you remove your tradeline and no not in those exact words. At this point I'm just going to send letters to them to annoy them.

Re: Rebuild Update for 2020

simplegirl — Tue, 02 Feb 2021 00:23:37 GMT

So National Credit Adjusters just added themselves back to my credit report as of today which is hilarious since they fall off January 2022. They actually only added back to Experian which is my highest score so i guess they was trying to cause a high score drop so that i would pay. Too bad my file is already dirty so haha they tried and failed. Also good thing i moved getting a car until December of next year so they will be gone and i will be collection free by that time.

Re: Rebuild Update

simplegirl — Sun, 07 Feb 2021 14:33:13 GMT

Why is Equifax such a problem...I lost 6 points just because on one of my credit cards it went from $32 posted to $237 which is still under 30% for overall utilization and individual utilization. I need Equifax to grow but it is the only one that keeps dropping after every little thing. The only one that cares about my installment loan balances and the only one i lost a point to because of a collection being paid off. This is insane i can't wait until my reports are cleaned in 4 years.

Re: Rebuild Update

Getty59 — Tue, 09 Feb 2021 07:06:31 GMT

Yeah drives me crazy to when I lose points for with using or paying card. I only ever have less then 5% posting.

Re: Rebuild Update

simplegirl — Tue, 09 Feb 2021 10:43:31 GMT

Yeah and it also doesn't help how much of a pain equifax is and that is the score I need to increase for my car loan.

Re: Rebuild Update for 2020

simplegirl — Mon, 01 Mar 2021 17:23:35 GMT

So navy federal has shady business practices. I tried to pay on my repo and they sent me a letter on 1 amount but claiming I owe $2058 more than that amount. Also my loan was only 32797 but the amount they claim I owe minus the amount they sold the car for is the full loan amount even though I made a year worth of payments. They can't even tell me why it is that much. So upset!

Re: Rebuild Update for 2020

simplegirl — Thu, 18 Mar 2021 17:56:34 GMT

Soooo some good news for me....I paid off the two smaller student loans and only have 3 left to pay but I'm going to pay 2 off and only the minimum on the last one so I can have an open installment loan and so the 10 years starts later on when everything else gets more age to it. Also DRS removed themselves from Experian and I gained 14 points! So everything is looking up now. I hope the same happens for my other reports. I will be collection free in March 2022 thanks to NCA adding themselves back but I'm glad i gained those points with 2 collections still reporting and a nice and dirty file.

Re: Rebuild Update for 2020

Anonymous — Thu, 18 Mar 2021 18:20:48 GMT

@simplegirl wrote:
Soooo some good news for me....I paid off the two smaller student loans and only have 3 left to pay but I'm going to pay 2 off and only the minimum on the last one so I can have an open installment loan and so the 10 years starts later on when everything else gets more age to it. Also DRS removed themselves from Experian and I gained 14 points! So everything is looking up now. I hope the same happens for my other reports. I will be collection free in March 2022 thanks to NCA adding themselves back but I'm glad i gained those points with 2 collections still reporting and a nice and dirty file.

Congratulations on your improvements and making such progress. It sure is work, isn't it? But so empowering over time. 🙏🏻☘️☘️☘️

Re: Rebuild Update for 2020

CorySoccer — Fri, 19 Mar 2021 03:11:26 GMT

@simplegirl I have a collection from TXU....have you had any luck with getting that removed? If so, what did you do? I live in Arlington TX and there's a TXU branch just up the road and thought of literally driving there instead of doing the PFD and doing the PFD in person lol. Let me know who/what success you've had. Thanks!

Re: Rebuild Update for 2020

simplegirl — Fri, 19 Mar 2021 03:13:41 GMT

@CorySoccer wrote:
@simplegirl I have a collection from TXU....have you had any luck with getting that removed? If so, what did you do? I live in Arlington TX and there's a TXU branch just up the road and thought of literally driving there instead of doing the PFD and doing the PFD in person lol. Let me know who/what success you've had. Thanks!

Nope I haven't every time I send a PFD letter they just send me debt validation and pretty much ignore what is in the letter. I don't stay close to a branch so I have just been leaving it alone until it falls off in 3 years.