YouknowmeasCyn

62 Contributions 224 People Helped Top Contributor

Member Since: June 2013

About Me: I am a first time mom to a handsome little man. Trying to repair my credit so I can buy a house. We currently rent a 100+ acre farm and intend to farm the land to help with lowering our food costs and help pay off debt. My goal is to buy a home so that my son never has to worry about having a place to live.

Most Helpful Contribution

If i pay all the bills that are shown on my report, will it help in building my score back up?

Feb 05, 2015
yes
Helpful to 57 out of 63 people

Removing old debts off of your report will help repair your credit. try negotiating "pay for delete" with your creditors or collection agencies. Check the statue of limitations in your state some are 7 some are 5 if they are getting close to dropping off try focusing on the newest ones. You can also try and negotiate for less than the balance owed too.

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If i pay all the bills that are shown on my report, will it help in building my score back up?

Feb 05, 2015
yes
Helpful to 57 out of 63 people

Removing old debts off of your report will help repair your credit. try negotiating "pay for delete" with your creditors or collection agencies. Check the statue of limitations in your state some are 7 some are 5 if they are getting close to dropping off try focusing on the newest ones. You can also try and negotiate for less than the balance owed too.

Does anyone else hate the new site relative to the old site?

Feb 04, 2015
Yes
Helpful to 23 out of 26 people

I hate it now, such a pain to view anything now. Why did we need this update? I have not noticed any improvements at all!

What is the best way to handle accounts in collections?

Jan 22, 2015
Helpful to 48 out of 58 people

Any collection is going to show as a negative on your report. I am working through the same situation myself. I want to buy a house but I have limited credit history and a low score. I do know it is best to communicate everything in writing verses via phone. There is no paper trail if you negotiate via the phone.  You need to ask for someone with the authority to remove durogitory remarks on your credit first off. Not everyone in a company will have the power to do so. If someone tells you NO they cannot remove a collection or durogatory remark if you agree to pay the balance then ask for a supervisor. Best practice is to send a good will letter and explain your terms to the agency, ie. I will pay off the debt in full in exchange for the removal off my credit report. Most debt is purchased for pennies on the dollar and often times you can even negotiate the amount down too, if you can pay a lump sum. If you can pay through the origional creditor then do so, make sure they agree (in writing to provide you with a copy of reciept of payment or something saying it is paid in full). If you pay the origional creditor the balance make copies of the payment info and send to the three major reporting agencies and they can remove the collection since the debt was paid. I have had luck with disputes that were paid but still showing collections on my report. I removed over 6 last year and all I said was this was paid in full. Transunion took it off no problem. If you are close to a collection dropping off you can let it go. Although I have had several debts sold over and over to different collection agencies when they neared the drop off date, thus creating an all new delinquent account. I have managed to take care of most my issues this way, now the hard part is getting that number back up and taking care of a repo. Best of luck again try doing things via mail or email. If you use mail send things signature required!

how can i raise my credit score 100 points in 6 months

Feb 05, 2015
Helpful to 20 out of 25 people

Contact the CB showing the inquiries and dispute it. The CB can remove it, the online disputing process is very easy to navigate too. 

Credit One Bank

Feb 08, 2015
Great for rebuilding credit
Helpful to 6 out of 7 people

I recieved a pre approval letter, I was shocked as I have a car repo with a deficient balance of $10,000.00 on my CR's and my transunion is 514 and Experian is 535 (it was 516 when approved). I read ALL the find print liked the 0% APR till October 2015 as I needed to make a big purchase (tires)  prior to getting my tax refund. I was approved with a $300.00 credit line that will increase to $500.00 once I make 5 monthly payments ontime. I paid down the balance to 25% 10 days prior to my due date. Very easy to navigate the website and also offers free credit monitoring, as I have only been with them a little over a month it hasnt shown me much in way of my credit improving on their site but I have improved by +1 transunion score and +35 to my Experian score! Awesome right! If I hit any bumps along the way I will do a new review! This one is great since there is no annual fee associated with it, my other Credit one has a $75 fee the first year and $99.00 after that. As always use your credit responsibly and do not spend beyond your limits! 

Credit One Bank® Cash Back Rewards Credit Card

Nov 29, 2014
Helpful to 8 out of 10 people

The initial pre aprroval letter clearly states that you will be charged the $75.00 fee upon opening the account. Always ready things completely before agreeing to them and you can avoid things like this in the future. Also if you have not used the card at all the amount is refundable and you can cancel the card and the fee.

Paying Collections and Having Them Removed From Credit Report

Jan 29, 2015
Helpful to 13 out of 17 people

Most collections remain for 7 years and drop off. However, the debt can be resold to another collection agency and show up again, it is best (when possible) to negotiate a "pay for delete".

I need help and advice on old medical debt!!!

Feb 07, 2015
DV letter
Helpful to 2 out of 2 people

Although there are some loopholes to medical debts with a collection agency (I have been doing tons of research lately). I managed to get a few of mine deleted with ease that were in collections and I paid nothing! I sent a debt validation letter to the collection agency withing 3 days they informed me they had no choice but to delete it off my report. For a 3rd party debt collector to validate medical debt it is in a direct violation of HIPPA regulations!!!! So they could not comply with my validation and deleted the debt. Often times this will kick it back to the origional creditor that is still better than it being in collections as you can negotiate "pay for delete"  or "paid as agreed" with the OC. Even a paid Collection has a negative impact on your score, Check your states SOL on debt reporting. It varies by state as to how long prior to something dropping off. If you have many previouse addresses on your CR send a letter to all three bureaus requesting the old addresses be removed and only your current address reported. Send them a copy of your DL and a utility bill that show your current address. This often helps in disputing debts as well as catching items prior to them reaching collections. I have many collections I did not recieve dunning letters from as I moved a lot in the past. Never forget that debt collectors "purchase your debt" for pennies on the dollar and with medical debt you can often time negotiate to pay less than 50% of the origional balance! When communicating with creditors for payment for delete always get it in writing and never do it over the phone, you want a paper trail! This way if they do not delete in a timley manner (usually 45 days max) you can submit all your records of the agreement to the CB's for deletion! 

If you make a payment on a collection it starts the SOL over, Pay the newest debts first as the old ones will likely drop off within 4-7 years (depending on the state you live in). Always keep documentation! Medical debts like to double dip, if you have inscurance it is  a good idea to keep track of things that they have paid as well.

What are the laws surrounding medical debt ?

Feb 07, 2015
No
Helpful to 2 out of 2 people

No there was a bill for this but it did not pass the senate floor. It proposed that they had to be deleted after 45 days but it did not pass. Although there are some loopholes to medical debts with a collection agency (I have been doing tons of research lately). I managed to get a few of mine deleted with ease that were in collections and I paid nothing! I sent a debt validation letter to the collection agency withing 3 days they informed me they had no choice but to delete it off my report. For a 3rd party debt collector to validate medical debt it is in a direct violation of HIPPA regulations!!!! So they could not comply with my validation and deleted the debt. Often times this will kick it back to the origional creditor that is still better than it being in collections as you can negotiate "pay for delete"  or "paid as agreed" with the OC. Even a paid Collection has a negative impact on your score, Check your states SOL on debt reporting. It varies by state as to how long prior to something dropping off. If you have many previouse addresses on your CR send a letter to all three bureaus requesting the old addresses be removed and only your current address reported. Send them a copy of your DL and a utility bill that show your current address. This often helps in disputing debts as well as catching items prior to them reaching collections. I have many collections I did not recieve dunning letters from as I moved a lot in the past. Never forget that debt collectors "purchase your debt" for pennies on the dollar and with medical debt you can often time negotiate to pay less than 50% of the origional balance! When communicating with creditors for payment for delete always get it in writing and never do it over the phone, you want a paper trail! This way if they do not delete in a timley manner (usually 45 days max) you can submit all your records of the agreement to the CB's for deletion! 

If you make a payment on a collection it starts the SOL over, Pay the newest debts first as the old ones will likely drop off within 4-7 years (depending on the state you live in). Always keep documentation! Medical debts like to double dip, if you have inscurance it is  a good idea to keep track of things that they have paid as well.

It is stated on my credit report that i took out a mortgage. This is impossible i dont own a home

Feb 05, 2015
Dispute it
Helpful to 2 out of 2 people

You need to pull all your credit reports at annualcreditreport.com and verify they are showing the same and dispute it. This could be a sign of identity theft.

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