New to Forum seeking help!

[Anonymous]

Hi, I am new to this forum and would love to have any credit assistance that someone can give me. I have been working on my credit for a couple of years and am not seeing any significant improvements. I would like to get into the 660 range in the next 90 days. Here is what I currently have...EX=648, EQ=633, TU=631. I have a couple of small collection accounts 1.Cavalry Portfolio/$222 from 12/28/06. Should I pay this off? 2.MAF Collection Services(a bill that insurance did not pay that I was no notified about until it showed up on my credit report) $158 from 11/5/03.I also have a judgement that was paid and it is showing the date filed as 1/1/0001 but I think that it is from '02. How long will that stay on my report? If I pay these collection accounts will that help my scores rise? I do have a few positive accounts that are reporting as well. Any information/assistance that you can give me would be greatly appreciated.

Message Edited by pjmeyer38 on 04-01-2008 08:23 AM

[Anonymous]

Welcome!

Have a browse through the existing threads and you will find that these questions have been asked and answered many times.

If you pay the collections, it actually may not improve your scores.  Once an account has hit collections, the damage is done.  But if you are applying for a mortgage, the lender will most likely require you to pay any collections.  If you do a PFD it is more likely to improve your scores unless you lose a lot of your account history in the process.

Judgment stays on your CRs 7 years from the date it was filed.

Good luck, and happy reading!

[mlynne37wiu]

Hello and welcome to the board!  I have learned so much from people on here.  Also, if you are unsure what any acronyms stand for, check out the "Common Guide to Abbreviations" on this site.

 I am not an expert on fixing credit reports, but here are some tips I picked up that might help you out with your situations:

1.Cavalry Portfolio/$222 from 12/28/06. Should I pay this off? I would recommend writing a PFD letter stating that you will pay if they delete the record from the three CRAs and get it in writing first!

2.MAF Collection Services(a bill that insurance did not pay that I was no notified about until it showed up on my credit report) $158 from 11/5/03.  A PFD letter might work well here, too.

3. I also have a judgement that was paid and it is showing the date filed as 1/1/0001 but I think that it is from '02. How long will that stay on my report? I believe things stay on your credit report for at least 7 years from the date of last payment (anyone: please correct me if I am wrong!)

Good luck!

Michele

[Anonymous]

There is no way to know how much your scores will go up or down. Keep in mind that every time that a creditor reports brings the account current & might hurt, Every time that you dispute you take a chance of it updating.

The report date from any CA  does not mean that that is the DOFD/DOLA.

     1.Cavalry Portfolio/$222 from 12/28/06.      Is this the report date? Do you know the DOFD or when you last paid??

      2.MAF Collection Services(a bill that insurance did not pay that I was no notified about until it showed up on my credit report) $158 from 11/5/03.<< report date or DOFD?

What is your SOL??

Civil and small claim judgments: Remain seven years from the date the judgment is filed.

I would dispute this with all CRAs reporting as *obsolete*

When dealing with CAs   you would not dispute (yet)    you send a DV letter  CMRRR

The CA has 30 days to answer & prove that the debt is yours.

After they answer the DV  you send them a PFD  CMRRR

If past SOL you hae a better chance of them accepting a PFD.

IF you pay without a PFD it will remain on you CR as paid....this will NOT help your scores.

[Anonymous]

 1.Cavalry Portfolio/$222 from 12/28/06.      Is this the report date? Do you know the DOFD or when you last paid?? This is an error. I had Sprint for my cell phone service and termed early. Well the rep that I spoke with forgot to process the term at the end of the call(per a manager at the call center) so they kept my service active for 4 more months but since I did not receive a paper bill I was not made aware of this. So I did not find out until they sent it to a CA. Then when Sprint admitted to the error they said that they are not able to correct it because it is in collections. 12/06 is when they placed the account with Cavalry and I have never paid because I was trying to dispute it with no luck.

      2.MAF Collection Services(a bill that insurance did not pay that I was no notified about until it showed up on my credit report) $158 from 11/5/03.<< report date or DOFD? Report date.

Thank you for the great advice.

Message Edited by pjmeyer38 on 04-03-2008 07:23 AM