Help I need a credit card that use Experian and Equifax badly..please people....

[Karatz]

I've suggested to a few friends already to contact the baddies and ask for removal in exchange for payment in full- cash on the table is a great incentive for them. One had to hassle it bit, the rest were all successful. Just gotta be patient and get acceptance in writing by someone valid.

[Anonymous]

I've tried to do that and most of them have refused to remove the listing after payment. The are only willing to update accounts has been settled, just like the last one did. So I'm stuck, even if I paid them all off today, these items will still be on my credit report update to settled and have the date reported update to 09.  The few that worked with me removed the negatives after settlement. Any suggestions, directions, verbiage I can use. For some of these I used the SOL and the ended up removing and others 'medical" remove temporally and reposted with an date of reporting of 2009. I've already been screwed by these folks. Yes, I'll pay them as long as the meet my request. I'm even willing to settle for the full amount, as long as the delete the report. Suggestion.....

[haulingthescoreup]

Have you read about GW and PFD, which is what you're talking about?

GW = goodwill, asking for an already paid negative to no longer be reported

PFD = pay for delete, asking them to put in writing on company letterhead that they will no longer report the negative if you pay them

Some samples are in Frequently Requested Threads, which is stickied at the top of many of the boards and also linked in my siggy.

They shouldn't be re-aging your reports. Be sure to understand what can show a new date, and what must display the old date. Lots of info about this over on Rebuilding Your Credit.

[Anonymous]

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@haulingthescoreup wrote:
Have you read about GW and PFD, which is what you're talking about?

GW = goodwill, asking for an already paid negative to no longer be reported

PFD = pay for delete, asking them to put in writing on company letterhead that they will no longer report the negative if you pay them

Some samples are in Frequently Requested Threads, which is stickied at the top of many of the boards and also linked in my siggy.

They shouldn't be re-aging your reports. Be sure to understand what can show a new date, and what must display the old date. Lots of info about this over on Rebuilding Your Credit.

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They aren't actually re-aging the accounts, they are updating "date of last activity" or "date reported" ( I can't remember exact wording on different CBRs) which definitely lowers your score. I've had this happen, and it's mentioned often here as another good reason not to dispute a valid CA.

[Anonymous]

Accounts disputed have incorrect balances. I even sent copies to the credit bureaus with the amount owed. I've also sent letters to creditors to dispute reporting with supporting documents. I drafted letters today to the credit bureaus to verify date of first reporting with copies of old credit reports that are 6 months old that I ordered from them. Any suggestions on what next I should do?

[BungalowMo]

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@Anonymous wrote:
Inquiries are 6  total so far in the last 9 months with all 3 credit bureaus. I'm trying not to pull my credit only  if it's necessary.

Message Edited by sherk99 on 07-09-2009 08:53 PM

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It is NOT a hard inq for you to pull your report.  As many of us here are onm the repair journey we monitor our reports...pulling them every day looking for updates.  There is never a negative hit when YOU check your own report...or FICO score here, for that matter.

[Anonymous]

totally posted on the wrong thread.....some of us can't have two windows open at the same time, I guess....

Message Edited by utah2009 on 07-11-2009 04:21 PM

[Anonymous]

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@Anonymous wrote:

Below is a summarized copy of the report. I'm in TEXAS. I have a  CD" certificate of deposit" and my local credit union does not offer credit cards

Credit report pulled : 6/24/09

Score Models:

Equifax beacon 5.0 Score: 570
0040-Derogatory public record or collections filed
00014-length of time accounts have been established
00020-leghth of time since derogatory public record or collection is too short
00007-account payment history is too new to rate
FA- number of inquiries advesely affected the score, but not significantly

Transunion Classic(98)  Score:N/A
SC3-file not scored because subject does not have sufficient credit

Experian (Ver2) Score: 609
38-Serious delinquency and public record or collection filed
18-number of accounts with delinquency
14-length of time accounts have been established
16-lack of recent revolving account information
08-too many inquires last 12 months


Open accounts:

Amplify FCU : Date reported: 06/09 date opened:04/09 CL:500 Balance: 350 Past due:0 Late:0 Paying as agreed (XP/EF)


Cap One : Date reported: 06/02 date opened:10/01 CL:117 Balance: 0 Past due:0 Late:0 Paid (XP)
Account closed at consumer' request

Plains Comm : Date reported: 12/07 date opened:12/05-04/07 CL:250 Balance: 0 Past due:0 Late:0 Paid (XP/TU)


Degogatory accounts

1stNatlCC: Date reported: 10/08 date opened:04/06-02/07 CL:250 Balance:628 Past due:628 Late: 16 90 dys Charge off (XP/TU/EF)
Consumer disputed this account

Medical Payment: Date reported:06/09 Balacne:554 (XP/EF)
Account in dispute-reported by subscriber; accont information disputed by consumer

Fin Cntl SVC Date reported 09/08date opened:-06/08 Medical $464 collections  (TU/EF)

PLAINS COMM BK: Date reported 07/08 Date opened: 12/05-12/07 charge off CL $250  Balance: 430 (TU)

IC Sys Medical $250 reported 04/09 collections

UFCU: date reported 07/06 line of credit charge off Balance : 200 CL:200 (XP/TU/EF

IC Sys Medical $151 reported 05/09 collections (XP/TU)

Credit managememt- TWC Date reported: collection: $78 (XP/TU/EF)

IC systems Medical Date reported: 05/09 collections :$51 settled  (XP/EF)

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IMO, you should consider three things:

1.  Move your savings and CD (once mature and not subject to penalty) to a Credit Union who offers a full range of credit products, including SECURED credit cards and loans.

2.  You need to work on your CR.  Many of your collections are small.  I would work on PFD negotiations, because simply paying them will not help your score and that many collections is going to hurt you for  a long time.

3.  Use your savings and/or CD to get a SECURED credit card through a credit union (would require you do as recommended in #1).  This will establish new, positive credit, begin building a good relationship with a credit union who offers these products, and puts you on the road to unsecured credit in the next 6-12 months (while you work on cleaning up your credit report).

I would recommend that during this time you make regular savings deposits and if possible put your paycheck on direct deposit to the credit union (who offers secured cards).  Liquidity, savings, cashflow and direct deposit all help offset your poor credit.

You can also get a secured personal loan, pay off in 6 to 12 months at virtually no cost in interest (well, it costs you the interest you earn in savings, but none out of pocket).  You do this by taking a loan against savings, then put the loan money back into savings.  This doubles your savings which should earn more interest than what your loan costs. 

Good luck.

[Anonymous]

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txjohn wrote:

Move your savings and CD (once mature and not subject to penalty) to a Credit Union who offers a full range of credit products, including SECURED credit cards and loans.

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I'll open an account with a different credit union. Since you are based in TX,do you have any recommendations? I'm with Amplify. UFCU is out of the questions because i defaulted on a line of credit a few years ago. May be, i'll try talking to them about the secured cc and see what they say.

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2. I have a loan against a cd  thats taken from a different saving account

3. I have 2 saving accounts, one for bills and they other for saving. No checking