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Is it accurate? Or...is it inaccurate?
@YoungEntrepeneur wrote:
I just looked at the details and the account was opened in 2000. Date of last activity was in 2004 and it was a charge-off with Capital One. It seems like there was some misunderstanding on my part. Should my mother still dispute it off her reports and call for a recon?
@YoungEntrepeneur wrote:
It's accurate.
What would she dispute then?
She could try to write them a Goodwill letter and ask if they would voluntarily remove it. It's worth a try.
My score is 706
Util is 65%
Only negative is a BK from 2003 (coming off this fall)
YoungEntrepeneur wrote:
I just looked at the details and the account was opened in 2000. Date of last activity was in 2004 and it was a charge-off with Capital One. It seems like there was some misunderstanding on my part. Should my mother still dispute it off her reports and call for a recon?
A CO at six years from DOLA, that's not quite aged enough yet as I thought from your previous post.
Sometimes an issuer is more likely to work with a candidate if the CO is paid but not always.
Unfortunately cap1 has a fairly abysmal record on GW requests but it couldn't hurt to try I guess.
From what I have read here, I would say you have better credit than some of those who have been approved previously...so my guess with a 750, 12 year oldest, 6 year AAoA, and no derogs...you are probably looking good to them.
I would make sure the inquiries are aged to a year if you want to make sure...but I'm not sure how inquiry sensitive they are. Many people said they had to jump through lots of documenation and other qualification hoops...so unless you just can't wait, I'd make sure inquiries aren't too new and that any new accounts that are reporting should be 6 to 12 months old.
txjohn,
Thanks for your reply. 7/22/09 was last my inquiry from my local CU for product change. Those 7/22,7/13,6/25/,5/28 from last year are inquiries within 12 months. Newly opened account are HSBC Best Buy Platinum MC and USAA World MC just opened this month (not reported yet). According to the report, I owed like $12K of credit debt, no car loan (paid off last year) and no mortgage. Do you think I have a chance to get approved?
Ron.