can you review this and help with credit issues?

[Anonymous]

 US BANK SL 
EXPERIAN
EQUIFAX
TRANSUNION   
Account Name: U S BANK S/L U S BANK US BANK SL 
Account Number: 54325216XXXX 54325216XXXX 54325216XXXX 
Acct Type: Education Loan Installment Installment account 
Acct Status: Closed Closed 
Monthly Payment:  
Date Open: 8/1/2008 8/1/2008 8/15/2008 
Balance: $0.00 $0.00 
Terms: Unknown  
High Balance: $4,500.00 $4,500.00 
Limit:  
Past Due: $0.00 
Payment Status: Account transferred to another office Pays account as agreed Paid or paying as agreed 
Comments: Transferred to another lender or claim purchased  ACCOUNT TRANSFERRED OR SOLDSTUDENT LOAN  Transferred to another lender    

[Anonymous]

hi;and this concludes everything on my credit report. There is 2 more student loans that i have. What I'm asking for you is where should i start? Do you guys think this is salvageable? I want to be able to have a good life, hell, I'm 21 years old, and want to buy a house, however, i know i don't have credit enough for a house as of yet. So, please, give me any ideas. Will the crown jeweler help with building up credit? Is there anything else out there that could help with credit building? Have you herd of mycomputerclub.com and are they good at reporting?thanksmike

[Anonymous]

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@RobertEG wrote:

Hi GWHosting!

Wow, a lot of info!

I wont comment on each, but here is the jist.

Public records and collections hurt the most.  Are they all accurate?

It is not what is in your CR that steers your initial actions to improve your credit score, it is what you can identify in your CR that is inaccurate that is your first focus.

Concentrate first on the major derogs of public records and collections.  You can address collections, if still active, by DV letters if not accurate, or PFD letters if accurate.

Then focus on your OC accounts.  Do the same there.  While their may be major lates on those accounts, they can turn into collections or legal action if remain withoout action.

So first determine what you think is accurate, and what you think you can dispute as inaccurate.

What would be more helpful to us in offering more specific advice is a concise summary of:

The DOFD on each OC acount and whether each OC has done a CO or CA on the account.

A listing of each account in collection, with the DOFD for the OC account that formed the basis for the collection.

For each OC account that is not yet a CO or collection, all OC reported delinquencie on the account.

I say this because we view it not from the perspective of you raw account date, but rather where they are and where to go with each.

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hi RobertEGpardon me, but you completely lost me with your post. Is there a better site i can get all that info in an easy way to show to you guys? I know of a few things that are not accurate, example the bill my mom, i believe, opened in my name. If i can fix these things, do you guys have a good format letter i could fill in spaces, and mail in? Or examples of letters that have been written in the past?My greatest thanksMichael

[Anonymous]

Ok, I am going to try and address some of these .

AES/SunTrust.

Is showing 60 days late payment however it does not state when these late payments were.  Do you know how long ago those were? Were you actually late on the payments?  The best thing to do with lates is to send GW (goodwill) letters asking for them to remove the data from your reports.  Explain why you were late (be honest but induce sympathy) give them a good reason why you were late and show that your account is in good standing now - explain that you are hoping to buy a house and that you think they are wonderful and have provided a great service in the past and therefore you would appreciate any help they can give you.  Their address should be listed on your report under the creditors section at the end.

Be prepared to be persistent with GW letters - they are not always going to help you initially and you literally are relying on their goodwill to have this information corrected.

IF the information is actually incorrect and you were not 60 days late then show them proof of this if you can and ask that they correct their reporting to the CRA (credit reporting agency)


ALLIED INT - I will pass on for now

BONN COLL - What is this for? Have you done DV? (Debt Validation) You need to confirm that this debt is indeed yours and where it originates from... if it is your moms account then you should not be required to pay it (especially if you were a minor) if they cannot Validate then it should be removed.  Look for a sample of a DV letter on this site to send to them.

CAVALRY PORTFOLIO SERVICES - again - DV

CREDIT SOLUTIONS - again - DV

ER SOLUTIONS - again - DV

Um ok, all the other ones that are with collection agencies.  DV first before you do anything else.

Sterling SVG - again send them a GW letter asking them to delete the lates.

US BANK SL - not doing you any harm


All your accounts are fairly new so it'll be a while before the bads will just drop off on their own but honestly so many of them are accounts that are in collections that you seem to have no idea what they are for that with the exception of the two I said to GW you first of all need to confirm that these are indeed your accounts and who the original creditors were.  Also check your reports and make sure that the only name and social security number on there are yours.

Once you have got Debt Validation (or have found out that these are not your accounts) then post again and people will tell you what other info they need in order to help you.  It's gonna be a long road unless a lot of those accounts turn out not to be yours.

[Anonymous]

---

@Anonymous wrote:
Ok, I am going to try and address some of these .

AES/SunTrust.

Is showing 60 days late payment however it does not state when these late payments were.  Do you know how long ago those were? Were you actually late on the payments?  The best thing to do with lates is to send GW (goodwill) letters asking for them to remove the data from your reports.  Explain why you were late (be honest but induce sympathy) give them a good reason why you were late and show that your account is in good standing now - explain that you are hoping to buy a house and that you think they are wonderful and have provided a great service in the past and therefore you would appreciate any help they can give you.  Their address should be listed on your report under the creditors section at the end.

Be prepared to be persistent with GW letters - they are not always going to help you initially and you literally are relying on their goodwill to have this information corrected.

IF the information is actually incorrect and you were not 60 days late then show them proof of this if you can and ask that they correct their reporting to the CRA (credit reporting agency)


ALLIED INT - I will pass on for now

BONN COLL - What is this for? Have you done DV? (Debt Validation) You need to confirm that this debt is indeed yours and where it originates from... if it is your moms account then you should not be required to pay it (especially if you were a minor) if they cannot Validate then it should be removed.  Look for a sample of a DV letter on this site to send to them.

CAVALRY PORTFOLIO SERVICES - again - DV

CREDIT SOLUTIONS - again - DV

ER SOLUTIONS - again - DV

Um ok, all the other ones that are with collection agencies.  DV first before you do anything else.

Sterling SVG - again send them a GW letter asking them to delete the lates.

US BANK SL - not doing you any harm


All your accounts are fairly new so it'll be a while before the bads will just drop off on their own but honestly so many of them are accounts that are in collections that you seem to have no idea what they are for that with the exception of the two I said to GW you first of all need to confirm that these are indeed your accounts and who the original creditors were.  Also check your reports and make sure that the only name and social security number on there are yours.

Once you have got Debt Validation (or have found out that these are not your accounts) then post again and people will tell you what other info they need in order to help you.  It's gonna be a long road unless a lot of those accounts turn out not to be yours.

---

Susyquk;
Hey, thanks a lot for that information. It looks like i have a long road ahead of me, that's for sure. I did have another question:
Will the crown jeweler account help my credit at all,
and would a secured credit card help my credit at all either.
I'm going to go find those letters and get on them. Do you know of a site or anyone else, do you guys know of a site that would show you the entire account numbers? creditchecktotal.com just shows you the first few numbers, I guess i could contact the creditor by phone and request that information.
Another question, what if i pay one of those bills off, the credit solutions corp one for example. Will this help my credit?
thanks for all your help
mike    

[Anonymous]

I had RJM claim an old collection from book of the month club. I disputed with the 3 credit bureaus and also did a debt validation to RJM and in it indicated that i was disputing any balance left, requested itemization of books they allege that I owed for and addiitonally that account was from 2001 far past my state statute of limitations.  it was removed almost immediaitely, hope this helps.  My transunion report shows the full account numbers.  I would imagine the crown jewelers helps so long as you pay on it, keep it current and do not have a high balance. IMO I would concentrate on cleaning up the credit vs getting additional credit with what you have to fix.

Here is a sample of the letter I used:

THIS IS A DISPUTED DEBT

April 28, 2009

Janet Name

my Address

Dispute Department RJM Acquisitions
575 Underhill Blvd, Ste 224Syosset, NY 11791
Dear Sir or Madam:

I am writing to dispute information on my credit report. The items I wish to dispute are listed.
#account number  Book of the Month Club $62.00.  I am disputing any balance owed.  I did have an account; however, I did not leave a balance.  Please provide an itemized listing of the books purchased and those that are claimed that I did not paid for.   Additionally, any account I had with Book of the Month club is in excess of 10 years old, far past the Illinois statute of limitations.

Thank you for investigating this matter.

Sincerely,
your name
your last 5 SS#

 

Message Edited by Workinondebt on 05-30-2009 08:59 PM

Message Edited by Workinondebt on 05-30-2009 08:59 PM

Message Edited by Workinondebt on 05-30-2009 09:03 PM