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walking_the_path wrote:
Sorry- Here is the rest of that Post-What I have done so far-confimed opt out of all three agencies.removed all incorrect personal information (alternate spellings of names, wrong addresses, wrong SS#'s.)determined that there is one hard inquiry on my file in the last two years. This inquiry is scheduled to drop off on or before 3/30/08.____I have determined that 4 items rank as biggest and baddies. Two of them are capital one.1. capital one acct. credit limit of 300, current balance 1150. opened 02/01, last payment 06/04, scheduled to remain until 05/2010. What is the implication of SOL?. my state is IL. I have not heard from capital one in at least a year, although they show an accounts receivable inquiry in December 2007.Open acct SOL in ILL is 5 years- last payment for most states estabishes SOL.The UTL on this is killing your score-2. second capital one account credit limit 500, balance 1950, opened 02/02, last payment 07/03. scheduled to remain until 06/2010. Again, what is the impact of SOL, the Bankrate chart says 5 years but 5 years from when?Open acct SOL in ILL is 5 years- last payment for most states estabishes SOL.The UTL on this is killing your score-3.In 2002, a tenant in a property I own was scheduled to pay their own utilities, they skipped on the electric bill and the utility charged it back to the owners.This is a large bill ($6300), I have supplied documentation to the utility but they refuse to remove the charge, it has been referred to a collection agency and the agency shows it on the credit report.How did this company allow them to rack up a $6k bill-I would offer 2 months worth-They may be able to try and get a lien on the property so watch out-4.Because of employment and immediate family death, we pay two mortgages (our residence and a small income property) on the 59th day after our due date. We have 7 consecutive 30 day lates showing. I have a fixed amount of money to devote to this. With the string of lates, should I consider incurring a 60 day late on one account in order to bring the other account current. I'm not sure that a single 60 day late will be more negative than this continous string of 30 day lates. I would appreciate any discussion on this topic. I speak reguarly with the mortgage co. and while they dont like it, I have documented the circumstances which have led to this.If $ is tight- I would ask the mortgage company to re-age the account to get it current. This will add a payment to the end of the loan-Being late just is not an acceptable path-___________-My second set of issues is a lot less dire.There are 2-3 long distance service collections (ATT, SBC) in the 200 range. It looks like these could be the same account sold from CA to CA ( calvary, midland, MCO). How do I determine who has the actual collection in order to pay only once? I'm considering sending the letter authrored by Lady Scalet on 11/24/2007. Is this the correct path to take? Again, thanks for any observations or suggestions.A DV letter is sometimes to only way to find out who can legally collect on a debt-Be careful- if these are under SOL and they are able to validate they could sue you-thanks again, your help has already made me feel more empowered over my circumstance.
I have determined that 4 items rank as biggest and baddies. Two of them are capital one.1. capital one acct. credit limit of 300, current balance 1150. opened 02/01, last payment 06/04, scheduled to remain until 05/2010. What is the implication of SOL?. my state is IL. I have not heard from capital one in at least a year, although they show an accounts receivable inquiry in December 2007.Can't get sued -- either wait for it to drop or try to cut a deal with them (all offers in writing) for NO MORE THAN the original balanceYOU CAN still be sued - I used the open date not DOLA -MY BAD - leave this alone for now2. second capital one account credit limit 500, balance 1950, opened 02/02, last payment 07/03. scheduled to remain until 06/2010. Again, what is the impact of SOL, the Bankrate chart says 5 years but 5 years from when?Can't get sued -- either wait for it to drop or try to cut a deal with them (all offers in writing) for NO MORE THAN the original balanceYOU CAN still be sued - I used the open date not DOLA -MY BAD - leave this alone for now3.In 2002, a tenant in a property I own was scheduled to pay their own utilities, they skipped on the electric bill and the utility charged it back to the owners.This is a large bill ($6300), I have supplied documentation to the utility but they refuse to remove the charge, it has been referred to a collection agency and the agency shows it on the credit report.Contact the PSC in your state ansd see if they actually can do this under their franchise/license, etc - also ask about having energy assistance for this is they can do it.4.Because of employment and immediate family death, we pay two mortgages (our residence and a small income property) on the 59th day after our due date. We have 7 consecutive 30 day lates showing. I have a fixed amount of money to devote to this. With the string of lates, should I consider incurring a 60 day late on one account in order to bring the other account current. I'm not sure that a single 60 day late will be more negative than this continous string of 30 day lates. I would appreciate any discussion on this topic. I speak reguarly with the mortgage co. and while they dont like it, I have documented the circumstances which have led to this.I like Timothy's annswer - see if this will work before everything else. DO THIS FIRST___________-My second set of issues is a lot less dire.There are 2-3 long distance service collections (ATT, SBC) in the 200 range. It looks like these could be the same account sold from CA to CA ( calvary, midland, MCO). How do I determine who has the actual collection in order to pay only once? I'm considering sending the letter authrored by Lady Scalet on 11/24/2007. Is this the correct path to take? Again, thanks for any observations or suggestions.Okay that was probably Tuscani's letter - it is easier to go into my stash of Word documents than to hunt down a post for a letter.... If past SOL on this then DV them concurrently. If not past SOL DV each one at a time.thanks again, your help has already made me feel more empowered over my circumstance.
Lady_Scarlet wrote:1. capital one acct. credit limit of 300, current balance 1150. opened 02/01, last payment 06/04, scheduled to remain until 05/2010. What is the implication of SOL?. my state is IL. I have not heard from capital one in at least a year, although they show an accounts receivable inquiry in December 2007.Can't get sued -- either wait for it to drop or try to cut a deal with them (all offers in writing) for NO MORE THAN the original balance2. second capital one account credit limit 500, balance 1950, opened 02/02, last payment 07/03. scheduled to remain until 06/2010. Again, what is the impact of SOL, the Bankrate chart says 5 years but 5 years from when?Can't get sued -- either wait for it to drop or try to cut a deal with them (all offers in writing) for NO MORE THAN the original balance