No problem, and good luck! I should state that I am just sharing my knowledge. I certainly did not write nor can I take full credit for this or the other letters have shared.
KevKaos wrote:Tuscani,I just mailed off my letter of reconsideration yesterday. I used your letter as my guide and mine ended up being two full pages. I thought it was pretty good, and I'll let you know if it worked. In the meantime, I am now working to get what I believe are invalid lates knocked off my CR. These are the main reason given for my refusal. Thanks for your efforts, I for one, really appreciate them.
You can write the CRAs, or call, or fax, or dispute online, and get them to update the balances to $0 if you PIF, or wait for them to, but unless you did a PFD in which they promised to delete then I don't believe you'll see much of a FICO improvement. In fact, you might even see a decrease.
I would get the balances reported correctly BEFORE you send off recon letters. You wanna be able to say that PIF these debts, and your potential creditors will wanna see $0 balances--since that's what you told 'em, and under the circumstances I think that's what you wanna offer up.
What are your FICOs?
Congrats! People often underestimate the power of reconn. Most fail to realize how computer generated credit approvals\denials actually are.
jandj wrote:So, I've only been on this forum since yeseterday and already I have disputed 2 items with CRA's and I called American Express's Corporate card division and asked to be reconsidered for a card due to several errors on my credit report. I also let them know that my credit score had just gone up 15 points in one month and 58 points 2 months before that, and........I GOT APPROVED!!! Thank you so much for all your help and advice on here. I was very embarrassed and frustrated especially since this was a corporate card so my company knew that I was originally declined. This saves me much heartache and headache! Moral of the story is it's definitely worth asking again!