My scores are radically different-how will this effect me trying to obtain credit?

[Anonymous]

Transunion-637/Equifax 556/Experian-656 I moved to South Korea about a year ago, and incurred some charge offs during the move for financial reasons, however starting about last December I have been an "A" student and paying everything on time. I did pay some accounts on time during my difficulties, so everything did not go completely to pot. First of all, I would like to know how my Equifax being so low is going to affect me. I plan to move back to the US in a year or two. I have maintained an American address at my Mother's house while I'm over here, but that will change when I come back. Will this immediately ding my credit? Also, should I pay off those accounts that were charged off? Is this going to help me much in terms of getting a car loan in the future or do I just need to fly right from now on? Sorry for all the questions, I miss the US and would like to restart my life there, but think I need to wait until I get everything in order. If you are knowledgeabl I'd like to hear any opinions you may have on these matters.

[Anonymous]

As far as how your scores being different will affect you when trying to obtain credit, that's kind of hard to answer, I think, because some lenders pull from only 1 CRA, some all of them, etc. I know a few lenders pull from all 3 and then average them.

If you want to pay the collections/charg-offs, you might try to do a PFD. For late payments, try a GW letter.

Here's a few links that has really helped me.

Credit Scoring 101

http://ficoforums.myfico.com/fico/board/message?board.id=ficoscoring&thread.id=2654

Frequently Requested Threads (has links for sample letters)

http://ficoforums.myfico.com/fico/board/message?board.id=generalcredit&thread.id=6834

[Anonymous]

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AcesDJD wrote:
Transunion-637/Equifax 556/Experian-656 I moved to South Korea about a year ago, and incurred some charge offs during the move for financial reasons, however starting about last December I have been an "A" student and paying everything on time. I did pay some accounts on time during my difficulties, so everything did not go completely to pot. First of all, I would like to know how my Equifax being so low is going to affect me. I plan to move back to the US in a year or two. I have maintained an American address at my Mother's house while I'm over here, but that will change when I come back. Will this immediately ding my credit? Also, should I pay off those accounts that were charged off? Is this going to help me much in terms of getting a car loan in the future or do I just need to fly right from now on? Sorry for all the questions, I miss the US and would like to restart my life there, but think I need to wait until I get everything in order. If you are knowledgeabl I'd like to hear any opinions you may have on these matters.

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are these scores FICO or FAKO??  on the collections...do you have the money to PIF??

We need to have more info form you about collections   are they with OC or CA?? 

next time you post  break it up. It's easier to read

scores are usually all different.....you might have more derog. on EQ then TU and EX.......I have trouble with them...my TU is 698 & EQ 643   go figure.

you might find some info. here...for newbies.....it will have link for abbreviations

http://ficoforums.myfico.com/fico/board/message?board.id=generalcredit&thread.id=38534

Your post is not too long  just break it up a little.

[Anonymous]

I hope they're FICO being I got them on this website While I don't have the cash at the moment, I could certainly pay off the collections (all of which are with CA) within the year. The only problem with this is that would reduce my savings fairly significantly, although if I could get my score to 700 within two years it would likely be worth it.


Being I'm in Korea and my mother isn't great with forwarding things on to me, doing things by mail is going to be difficult. Is it ok to call these collectors or is that a complete no-no?


I should add that I will be getting married soon to a Korean national who has about 100,000 USD in liquid savings. Could she get a mortgage or car loan without any US credit history by simply showing her bank statement or is she going to need to plunk down a huge downpayment because of my bad credit history? Thanks for the replies. David

Message Edited by AcesDJD on 09-15-2007 11:22 AM

Message Edited by AcesDJD on 09-15-2007 11:23 AM

[Anonymous]

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AcesDJD wrote:
I hope they're FICO being I got them on this website While I don't have the cash at the moment, I could certainly pay off the collections (all of which are with CA) within the year. The only problem with this is that would reduce my savings fairly significantly, although if I could get my score to 700 within two years it would likely be worth it.


Being I'm in Korea and my mother isn't great with forwarding things on to me, doing things by mail is going to be difficult. Is it ok to call these collectors or is that a complete no-no?


I should add that I will be getting married soon to a Korean national who has about 100,000 USD in liquid savings. Could she get a mortgage or car loan without any US credit history by simply showing her bank statement or is she going to need to plunk down a huge downpayment because of my bad credit history? Thanks for the replies. David

Message Edited by AcesDJD on 09-15-2007 11:22 AM

Message Edited by AcesDJD on 09-15-2007 11:23 AM

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what state were you in when you took out the debt with the CA.

Some states stop SOL when you are out of the country.

I would mail everything to someone in the states and have that person mail CMRRR to CA.

If you do not have money to pay all of them   pick the ones that you can PIF......let the others wait till you have the money.

Also you will need to get the money to someone here IF they accept your PIF....I have no idea how long it takes mail from there or how much overnight cost.  They will want money usually within 10 days of accepting.

Cashier check should be sent USD

If not in writting they can cancel delete & you can do nothing

Message Edited by HappyDays on 09-15-2007 11:34 AM

Message Edited by HappyDays on 09-15-2007 11:35 AM

Message Edited by HappyDays on 09-15-2007 11:36 AM