New member -questions & updates

[Anonymous]

Just wanted to take a moment and say thank you to everybody who posts their stories, advice etc. I come here daily to read and look for stories similar to mine or any new advice to make my scores and life better. I have been really naive for the past 8 or 9 years and that has stopped since I found this forum. So big thank you. I lost a good job due to the economy back in '08 and had a lot of baddies. Most have fallen off my reports. I recently sent off disputes/validations to EX and TU (havent done EQ yet -from reading here I'm under the impression they are more difficult.) I had a public record of a judgement from 2011 and found out today EX has deleted it. Waiting on TU report. EQ doesnt show the public record. EX also deleted an old Barclays negative account. Feeling good about those 2 off the EX report. There only 3 left on EX now and was hoping for some guidance. One is for AD ASTRA for an old payday loan. It went in to collection on 3/2012 and I got served. I immediately made contact and set up some payments and paid in full right away( I would say it was probably paid in full by 6/2012). It is being reported as paid and closed. It shows on my report as Collection on 3/2012 and every month after that until 2/2017 says ND. 3/2017 lists on report as CLS. Would this account being costing me alot of points or at this point is it minimal damage? Would it be worth a GW letter and if so anybody have any contacts to send it to? The 2nd baddie is an old Sping leaf loan. DOFD is 9/2010. It is listed as closed and written off and hasnt been reported since 6/2013. How much impact would this have on my score? Guessing at this point just wait for it to fall off? EX did not delete, they just updated according to my dispute report. Final baddie is $400 colelction for Cox from IC Systems from 2015. I will be paying that off this week or next. They will not PFD so I'm just hoping I pay and it just goes away on it own. How many points would a collection like this cost me? Very interested to see what TU dispute report comes back with. Btw currently my scores are TU 622 (up 11 points from last week) EQ 628 (up 10 points from last week  EX  594? seen it on a credit denial but prior to public record and barclays being removed from report so not certain if I should expect any significant change. Average age of account is 2 yrs 8 months with oldest being 11 years. No lates in 1 1/2 years. Currently have 5 small unsecured cards for rebuiling(all $500 or less credit) (3 with Cap1 , 1 with Credit1 and 1 Continental Finance) -new car loan in 1/2017 @13.9%  and a 3k installment loan with Lending Club and a Kay credit account since 9/2016 (no interest for 12 months) with $1028 to go in payments. Thank you for taking the time to read and any advice or comments are welcome.

[Anonymous]

I am also a new memeber of NFCU thanks to everybody here.

[Anonymous]

Just keep trying on the GW letters and getting all of the baddies removed. You seem to have a good mix of credit, but how you are using it is going to play a role in your scores. You should let all revolving accounts report a $0 balance except for one that you keep under 10% to yeild the highest possible scores. As you pay the personal loans down over time, you will see that it helps your scores as well. You should focus on driving up your scores enough to allow yourself to refinance that car at a much lower interest rate. 13.xx % is high for a car loan!

[Anonymous]

Thanks for the response Jlh. 13.9 is dfinitely high but better than my last one at 19%. Moving in the right direction. I was debating getting a small secured loan with NFCU in hopes of later this year refinancing the car with them for a much lower rate. As far as the GW letters. Does anybody have any input on how difficult Ad Astra is , especially on an account that has been paid for 5 years? Should I call them? Should I GW letter them? Should I do both?

[Anonymous]

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@Anonymous wrote:

Thanks for the response Jlh. 13.9 is dfinitely high but better than my last one at 19%. Moving in the right direction. I was debating getting a small secured loan with NFCU in hopes of later this year refinancing the car with them for a much lower rate. As far as the GW letters. Does anybody have any input on how difficult Ad Astra is , especially on an account that has been paid for 5 years? Should I call them? Should I GW letter them? Should I do both?

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You certainly are moving in the right direction! NFCU is more than awesome to do business with so I'm sure anything you can do with them is highly recommended.

[Anonymous]

So I went ahead and tried calling AD ASTRA this morning and even though they are listed on my report as the collection agency and the original creditor is Rapid Cash, that I paid through the attorneys office that served me and they said they cant do anything. Is that correct? Do I need to call the attorneys office or what avenue do I try now to see about getting this collection that has been paid for 5 years off my reports?

[Anonymous]

You need to find out who owns the debt. That is who you'll need to send goodwills to.

[rmduhon]

Send the GW letters to the company reporting the account.

[Anonymous]

called the attny's office....they said we dont report to the credit bureaus. But the lady I spoke to said she would email someone over at Ad Astra and see what she can do and gave me her personal line and said call her back anytime and she will try and help. I will send some GW's as well.  So for now on to the other baddie. How early will EX remove a negative account? DOFD was 9/2011.

[rmduhon]

Experian will usually do EE's up to 2-3 months early unless you get lucky. So about June of 2018. What does EX have as the estimated date of removal?