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New Here!!! Help

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Anonymous
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New Here!!! Help

Hi!!!  I am new to this site and have found some great information.  So much so that I am looking at 7 GW letters that I am about to go mail right now. I decided to join because I have a couple of questions and you all seem to have a handle of this credit game (cuz that's what it is).
 
1. Recommended Credit Score Watch Services.  I wanted to monitor my score and reports to see what affect these letters have on my credit and score.  I want to be able to monitor the increase (or decrease) that these letter cause.  Any suggestions...  I am cheap but i don't mind paying for something if it is worth it.
 
2.  I have 2 accounts (Chase and HBSC/Orchard Bank) CC's. They were charged off and I paid them a couple months ago.  So each account has a TL for the actual CC Company and one for the CA.  I have been reading and it looks like I have to send GW letters- my questions: do I have to send the GW letters to the CA also?
 
3.  I have another 2 account (Macy's and Shell/Citi).  I paid them before I actually came on this site to see your wonderful PFD letters.  I sent my own with in hindsight look pretty wack.  But basically I sent them with the check stipulating that by cashing the checks, they agree to remove any and all derogatory information from my CR.  On the back of my checks I wrote- RESTRICTED ENDORSEMENT.  So now I will send the letter along with a copy of my cancelled check to the CRAs.  Do you guys think this will work?  If not,w hat can I do now, seeing as thought they are paid.
 
Thanks in advance for all your help!!!
 
Message 1 of 6
5 REPLIES 5
Anonymous
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Re: New Here!!! Help

First of all, welcome!!!!
 
1. Myfico scorewatch seems to be pretty reliable. I paid the full 89.95 for the whole year, but I believe they can draft like 8.95 from your account each month. I also have a creditwatch through American Express that seems to be really good. My personal experience with TransUnion's creditwatch was not good, so i cant recommend them.
 
2. I would try sending the GW  to the original creditor, and ask them to have the collection agency to stop reporting also. Worked for me!
 
3.Why not try to send a GW letter to them also???
 
GoodLuck
Message 2 of 6
Anonymous
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Re: New Here!!! Help

Thanks... Go with the scorewatch and send out my addl GW letters today.  Thanks
 
Any other suggestions ?
Message 3 of 6
Anonymous
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Re: New Here!!! Help

I think scorewatch is great, but you can not monitor your reports daily.  You will see your EQ score only when there is a change.  You will still need to purchase your TU and Ex.  As fars as TC, I have that I haven't had any problems.  While you can monitor your reports daily and get daily score changes, the scores are FAKO scores and only helpful to see changes.  I have both, because TC lets me see the reports and I could care less about the FAKOs, but I can see what direction they are going.  If there are changes, I usually get a scorewatch, and if I am terribly interested,  I pay and get the other two updated FICO's through SW...Smiley Happy
Message 4 of 6
Anonymous
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Re: New Here!!! Help

Dilemma Dilemma Dilemma
 
I think I am going to get the score monitor thru all 3 seperately and work it that way.  That looks like the best way to go. 
 
 
Message 5 of 6
MidnightVoice
Super Contributor

Re: New Here!!! Help



ISOgoodcredit wrote:
Dilemma Dilemma Dilemma
 
I think I am going to get the score monitor thru all 3 seperately and work it that way.  That looks like the best way to go. 
 
 



Make sure you are getting FICO scores not FAKOs!!
The slide from grace is really more like gliding
And I've found the trick is not to stop the sliding
But to find a graceful way of staying slid
Message 6 of 6
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