Yikes @ 7 years back! I had two tax liens in 2013...1 federal and 1 state; I paid them and had them removed.
I've also had judgments, charge offs and collections from back then.
Right now, I am working on getting my last two collections removed, they are paid..but they were just added in 2017.
This scares me.
Can a reputable credit repair shop get the derogs off the super report too?!?
Also, ask your lender if he knows of a reputable credit repair agency. I wish i would have paid the 150 bucks my loan officer recommended to me, it would have saved me several months and probably raised my credit score even higher.
Im not sure, but a reputable credit repair guy could probably do better than i did and i did ok. I was able to get rid of 3 collection accounts by disputing them. the collection agency on one of them had changed the date to whatever suited them. another i paid and they agreed to delete it all. one just let it go and it came off my credit report. I had one that just wouldnt give up so i paid them and they deleted it. The student loans are the ones that i couldnt get rid of. I had my student loans discharged but the negative remarks and payments wont go away for 7 years. That brings down your credit score. Especially when 6 student loans count as 12 collections and 120 days past due. If i would have called the credit repair guy right after that then i think most of the student loan stuff would have come off. Another thing that messes things up is an open dispute. They seem to stay in the remarks on your credit report forever and some lenders wont approve a loan until they are either paid off or you get the dispute remarks removed.
I misunderstood your question. As far as the caivrs, i think thats how its spelled. Im not sure if a credit repair place has access to the caivrs or not. That would be a good question for one of the loan experts.
I have sent your file up to the underwriting department to review the Credit Report Supplement we received. Upon review there were several liabilities that were listed as paid or duplicates on your original application that are showing as not paid off or not duplicates. At this time we can not move forward with this program.
This is the email i received
There maybe a couple of issues here.
1) They have a debt to income ratio issue because these accounts weren't included in the initial DTI calculations.
2) These accounts were marked as disputed on your credit report & therefore were not included in the original DTI calculations.
No matter what the case is, you need to have the LO explain, in detail, what the issue is.
I would highly recommend that you give up dealing with the big box banks for a mortgage & that you start working with a smaller, mortgage banker if you want to close on a loan.
Congrats! Glad to hear after speaking with the LO and finding out what they needed, everything worked out.