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I have really poor credit, how can I begin to fix it?
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Question By
CharleneK

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I will tell you what happened to me; I don't know if it will help, but it may get you going in the right direction. I kept trying to fix my credit for years, only to do something ridiculous and get myself in even more debt trying to fix it. Finally I pulled my credit report from all three credit bureaus and went over my entire credit report with a fine tooth comb. Next I started doing research about which negatives I should pay and which should I just let “run its course” or “fall off”.  When I was in college I roomed with a bunch of others and like a moron I agreed to put the electricity and the gas in my name. When everyone decided to bail, I felt cheated and said I just wasn’t going to pay anything. This was a huge and irresponsible mistake on my end! I should have just called them and explained my situation and set up a payment plan. However, I didn’t; I just ignored it like most 19 year olds with that frame of mind hoping it would go away and I did the same for four credit cards, as well as a cell phone bill which I ran up; typical irresponsible behavior, all the while, hiding it ALL from my parents. Although it’s neither here nor there I just wanted you to know the type of debt I was in, and that I can relate to your frustration. I was left with a 610 credit score and no way to get a loan TO SAVE MY LIFE. I finally decided to set up payment plans with debt consolidation company; this only made things worse because I didn’t count on paying them over $400 a month with hardly any of that going towards my debt. When I lost my job and could no longer pay, I was completely screwed. I was left with a 495 credit score, I felt hopeless and alone. I didn’t think there was ANYWAY I could get out of it, however no matter how deep in debt you are, there is always a way out, you just have to have patience and determination.

After getting my credit report I noticed that two of the credit cards were sold over and over to different collection agencies and renewing the dates. I also saw that the electricity and the gas bill were in the same position. I happened to read an article, and I apologize for not remembering the name of it, that suggested disputing them with the credit bureaus. So I filled out the online dispute form and explained that, the original gas company I had an outstanding collection w/ resold my debt to the company that took over and now it appears as if this is a new debt. I did the same for the two credit cards and the electricity bill. I also explained that these are well over seven years old and should no longer be reporting. I threw up a pop corn prayer and clicked on the send button. Sure enough, the next month when I reviewed my credit report, the electricity, gas and one of the credit card negatives were gone! The second of the two credit card bills reflected the original date, instead of the newer one it previously did and is set to fall off in May of this month. Now, I don’t know if they complied with my wishes due to the laws of the state I live in, but as sure as I type this, they are no longer being reported.

Next, I took a look at what was set to fall off within 6-10 months left them alone and then I called the collection companies and worked out arraignments for the negatives that were more recent. I told them that I was ONLY going to pay what I owe, because THEY didn’t even pay that much for my debt. Whenever I got someone who refused to play ball, I kindly hung up and tried again. This took a while; however, I eventually got my way. I made sure I documented every call and every person I spoke to, I didn’t ask for them to remove the debt from my report, because I didn’t want my credit history to appear shortened. I used paper checks that I knew would be scanned into my online bank account as proof. Once the account was paid in full, I did receive letters from each of them stating this and I checked my credit report again, each derogatory now reflected paid in full and my credit score rose dramatically. Keep in mind that I did have a car note at this time and I continued to make on time payments. I also opened a secured credit card and used it for gas and groceries ONLY. I paid it in full, staying away from the dreaded minimum balance dilemma. I also noticed that I sent my car note, which is due on the 24thof each month, out on the 21st. the finance company received it and deposited and it cleared on the 27th. They had the audacity to report it as being 30days passed due. At first I was afraid to dispute this because not less than three months ago I disputed the other things. I took a chance filled out another dispute form printed it out and mailed out the scanned check to my bank showing the dates which the check cleared and how 3days does not equal 30 days no matter what space, time, or universe you live in. This was also fixed as well, to my surprise again.

 In less than a year I’ve gone from a 495 to a 584 credit score and climbing. I continue to pay my bills on time, and I make sure I stick to my end of the deal with any payment arraignments I have set up with collection agencies. So far so good, I haven’t had any major horror stories, about them not reporting that my debts have been cleared. However, it was very frustrating trying to get some of the collection agencies to agree to my terms. I also try to keep the debt on my credit cards well under 30% and I monitor my debt to income ratio as well. I get credit card offers in the mail all the time now, I guess I’m starting to pre-qualify for offers now that I’m cleaning some things up.

I’m not saying that what worked for me will work for you, but I am suggesting you give it a try, it wouldn’t hurt. Just remember to educate yourself about that laws that pertain to YOUR state, and don’t let them try to threaten you with court. I had a friend who went to court over a credit card and all she ended up paying was what she owed and the court fees. The judge let her get on a payment plan, and she went from having to pay the $3000 they claimed she owed to the $1100 she actually owed less fees. It doesn’t really benefit them to go to court, so most of the time it’s just empty threats. Be sure to set up payment plans, get everything in writing and don’t let them try to tell you what you can pay, you can get in over your head that way as well. Also don’t call every credit agency all in one day; if you have ten things in collections, and four are set to fall off – let ‘em fall off.

Take a good hard look at the six remaining, as well as your finances. If you have two out of the three that you can just send payment in full to right then and there over the phone do so. Call them and say: “I can send you a check for the original amount I own right now…” Once they agree get something in writing, they can email you things; don’t fall for the snail mail routine. Once you have the agreement, you can notarize it if you want, send them a check or a money order. NEVER let them have access to your bank account. Then, once you reevaluate your finances again call and set up payment plans starting from smallest to largest. DO NOT START ANOTHER PAYMENT PLAN UNTIL YOU FINISH OFF THE FIRST. IF by the time you finish all your smaller payment plans, and the remaining large account is due to fall off in the next 3-5 months, don’t pay that one either –just let it fall off.  Lastly, don’t beat yourself up over past mistakes; it’ll only get in your way, simply focus on getting it right this time. I’m not saying it’s the only or best advice or that it may even work for you, but it’s what I am currently doing and so far it’s working. Good luck getting back on track – You can do it!! 

Response by
Kikibloom

9 Contributions
3393 People Helped
Helpful to 121 out of 134 people

Thank you very much I do know that someof what you are saying is true. I have done some of these things like disputing and yur right they will take it off as well as set up decreased payments and get it in writing, competed the payments on time and these things were updatd correctly. I have to get back to that now because things have gotten hected. The only thing I don't like about credit karma is they don't tell you exactly who and how to get in touch with these creditors. I guess I have to go directly to the creidt reporting agencies such as Trans Union to get that information. Grateful for  you sharing!!!

Thanks!!!

Reply by
flakesno1Girl

2 Contributions
183 People Helped
Helpful to 50 out of 61 people

Thank you for that. I'm in a very similar situation. And your post made me feel better. Question though, when you say "fall off" what does that mean?

Reply by
Hellosarah86

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Helpful to 1 out of 1 people

Wow....this is by far the best advice I've heard in a very long time....thank you so much for taking me throughly through your credit repair system. I know I can do this and I will try my best however, my delimma is my home...I'm thinking about giving it up but part of me can't because they have worked with me on numerous occassion....I am finally stabled on my job but between my student loans and mortage I am in over my head. I've decided to go to my credit union and ask for professional advice from a loan officer and hopefully I can get some resolution. Thanks again for your experience in credit repair.

Reply by
Pforbes

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Helpful to 1 out of 1 people

Thank you very much for stating your story. It is very encouraging to know that most Americans struggling with debt are all the same boat. There is a way out. It just takes time.

Reply by
mkmorales1s

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Helpful to 1 out of 1 people

I feel like you told my life story! Well, I'm still in the beginning where I'm feeling alone and overwhelmed about my poor credit score. Thanks so much for taking the time to type and post this! It's very inspiring and thanks for the encouragement at the end. It all sounds very overwhelming but I'm going to have to find some patience start somewhere. Again, thanks so much! I truly appreciate your story!

Reply by
Libragirl92988

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1 Person Helped

That was Great thank you for all the information.

Reply by
wixiec

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0 People Helped

Thank you for your story. This is very helpful.

Reply by
LittlebearMD

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I lost my job and i have two credit cards that say they are closed, anyone know what that means? Also, can i still pay on them to pay them off with my disability check? Please anyone out there....HELP!

Reply by
leticiaht

1 Contribution
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How do You dispute an item? Can you do so from this sight? I do not really want to pay 100.00 bucks a month to someone to dispute  major items on my credit history, which one I need to file for even charging me, an apt complex who did me wrong financially and has 3g as a debt when I have no debt with them. 2 are worth nothing, but I am also seeing Old stuff being added as new, and I need that taken care of. Any help in the right direction would be appreciated. :)

Reply by
caughtintrap

2 Contributions
0 People Helped

Hello

Thank you for this most helpful response I do feel lost and not sure of what to do but this has help me tremendously.  God bless and keep you and may your future hold for you all you ever dreamed of.  Thank you.

Grateful

lumack 

Reply by
lumack

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So what if you have a Judgements on your credit report way past 10 years? Is there anything  that I can do?

Reply by
cartercartier

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how did you identify which debts were resold.

Reply by
indeepwater

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How do i find out if and when something is going to fall off? thanks, very good advise. my problem is that i have about 5 deragotory items and my score is moving up slowly with new credit offers i have taken up. i plan to pay them off asap and also the deragotory items one at a time. my credit was mid 500's now it is 597. (before one of the deragotory items i paid this month).

Reply by
sylpro

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Give me a call and I will clean up your credit without going to court in as little as 15 days. 

619-289-8912

Reply by
solved

2 Contributions
0 People Helped

Thank you for sharing this information. I am having the same issue with my old debt revolving due to the selling to other companies. I will try to do as you did with the dispute. Hopefully I will have the same outcome.

Reply by
gnixbrad

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0 People Helped

Thank you, very helpful

Reply by
MissRobynJ

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You are sooo truly helpful. Thank you for your detailed advice. It has helped A LOT of people! God bless.

Reply by
torivelez

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I just recently established a repayment plan on my student loans. I set it up so my payment is automatically deducted from my checking account each month. Would it be wiser if I were to mail a check? Is there a benefit in that?

Reply by
Baggagechick

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Thank you, so much im trying to purchase a home and start my own buiseness for it all I just need 1000.00 its not alot but with bad credit its a whole lot and I want to be open by September 2014

Reply by
Ms518

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I like the way you went about this and find it very helpful.  I do have a question though, I have things on my credit score that I dont even know what they are, where did you find the phone numbers for every one on there.  Also,  its been almost 2 years is your credit score still going up?

Reply by
Mhmbwhite

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THANK YOU so much for your advise!  Most of the time people can't own up to others about financial mistakes and can't let other people in on thier mistakes let alone give advise on how they made it out of their experience.  Again, thank you so much for ALL the advise you gave.  I know this is really going to help me! 

Reply by
WPatche

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0 People Helped

thank you!

Reply by
Fastvette

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Thank you so much for this detailed information.

May. God continue to bless you. Thank you.

Reply by
13kymmhsn

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0 People Helped

I read your response and it's quite helpful some of what you did I'm in the process of doing but the information about the threats made to obtain payment. Really made me feel better because I have a company contacting me now with threats about a PayDay loan which I took out years ago and the checking account was active but when I was laid-off I could no longer pay and now a company called Check Reporting Inc is calling me with threats that they will haveme served with papers but when I looked at the BBB site they have over 123 complaints unresolved and haven't even provided the BBB with the info they've asked for so they can officially rate them on their site. Also I saw a government settlement note posted by BBB that the company had to pay out do to misrepresentaion and misconduct of business. These type of post really help a person calm down and know that there is another way to get your credit back

Reply by
Sassiet2

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Thank you so much with the knowledge you gave me i hope to be able to fix it as well as wells fargo helping me for completely free so they can become my mortgage lender in the next 3 to 6 months 

Reply by
rburellejr

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such great advice dude. i'm 28... i had made all the mistakes with the credit cards as you had mentioned at a young age at 19.. i ended up having to go to court blah blah etc etc.. but i was unemployed and living with my parents so it got written off... now years later... i seem to have screwed myself again... i had taken a few credit cards out over the past 2 years. i was in control of payments for a long time..paying in full every month..then my job suddenly cut hours.. and by that point i had moved into a new apartment (more expensive btw) and had more utilities, etc. not to mention i've had a health problem stir more **** in the mix bc i've got so many medical bills from procedures i've had done in the past year.. i feel so hopeless.. i dont' even have the energy to go through my credit reports and figure it all out. plus not to mention i'm still not that great at understanding all this stuff.. how did you get yourself out of that mental slump?? i'm in such a depression over it.. i'm just like in the "F*** it's" right now... even tho ruining my credit after rebuilding it for a while is absolutely the last thing i wanted to do.. i'm just so drained emotionally from all this.. i feel like i don't even know where to begin

Reply by
reannunziata

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Wow, I have a open mortage and open auto loan on my accoun and I paid cash for the car and the ome has been paid for years ago. What is going on?

Reply by
baddecisions

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This was the BEST most HELPFUL information I have read since starting my research for information on credit repair! As you stated, what worked for you will not work for everyone but there was a LOT of amazing advice in your post.  I wrote down just about EVERY tip that you offered and actually feel ready to tackle the task I have ahead of me!

Thank you so much for this post!! It did wonders for me!

Reply by
youngprettyfaithfulwife

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I read through your story and may I first say thank you for sharing I too am in a similar situation. I have one question. I have a judgement on my account. One I know is more than 7 years old. However I cannot find the original deliquency date. I have check my credit report and it is no longer there. 

Reply by
madays

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Thank you very much for your thoughtful advice.

I've been in a bad-credit situation for a long time. I've worked on it by going through my credit report with a fine-tooth comb, like you did. I disputed several, and I was pleased when they disappeared from my credit report.

I have had an account from 1997 sold over and over again, and I hadn't thought of how to get rid of it. I appreciate your action - tell the credit bureaus what has happened, and see what happens. (I think I'll do this next.)

Just wanted to thank you again!

Very helpful.

Reply by
anneste

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Kikibloom, I thank God for people like you who don't mind taking the time to help others like me. I will pass this info on to my daughter; she and I will start to repair our credit score soon. Have a blessed day!

Reply by
Blucat3tails

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I think your plan is going to work for me. I thank you so much for shairng your story and wisdom. You give me hope that I can fix my credit. Thank you!

Reply by
scheer105

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0 People Helped

Thanks for this information. I think I am gonna try this and see what happens. I am in the same boat where collection agencies has bought my account which starts the clock all over again. I am gonna go through my credit with a fine tooth comb and try what you did. 

Reply by
fixinmymistakes

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Thank you so much for your honesty and openess. It is encouraging to know that we can come out of a BAD situation nad be on top!

Reply by
bradman630

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Awesome Advice, God Bless!

Reply by
Jasmine707

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0 People Helped

Thanks for sharing some great advice! I am in the same situation, and I'm currently working out a payment plan with the collection agiencies. I recently got a car and have a new car note, and applied for a secured c/c and got it. I just need to maintain on time payments, and take more responsiblities of my credit, things should go well. I never knew how much credit can affect your life. My credit score was 579!

Reply by
okcool

2 Contributions
0 People Helped

Thanks reading that really opened my eyes to what I can do to better alot of things on my credit and how to go about it...By the way nice job of explaining it all, details were certainly on point!!!

Reply by
nishaun91

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0 People Helped

I dealt with the issue having roommates who did not pay the electric bill. I ended up shutting the power off on them. You really need to learnwhen  to cut your losses. 

Reply by
Persia1978

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This information was very helpful! Thank You!

Reply by
Butlerisback

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Thank you so much! This is really going to help me. Im a mom of 3 and im only 26, I owe over 12K and none of it is credit cards or loans, I could never get one from the get go, mine is all medical but I can say- I am going to try this. Thank you for your post!!

Reply by
arblaw143

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THANK YOU FOR RESPONDING IN SUCH DETAIL!!!!!!!!! I'm going to put this plan into action ASAP!!!!

Reply by
ajon1106

2 Contributions
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it was very helpful thank you

Reply by
kjarrett1991

2 Contributions
0 People Helped

Thanks so much for the advice, you should run for president!!!!

Reply by
peluchichi

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Great - thanks - that was a long story but a good ending!!

I have all my deceased mother's information on my credit account as we have the same name, exaclty, first last middle - i'm a junior!!!  But I never spent like her!  Anywho - we can all get to that glorious place of "paid up" with a little fighting Irish in us and some patience.  It does take time and you have to jump through hoops sometimes!!!  Thanks.

Reply by
Kathleenie

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I thank you for sharing your way of getting your credit back on track, it was very informative and gives me hope :)

Reply by
raliau

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0 People Helped

Good post. I dont need it but it will help someone.

Reply by
digdugdog

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Great advice....thank you!

Reply by
dollbabiee

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Thank you very much for advice it works really well now i'm close to finish paying my credit cards.

Reply by
dpierre26

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If you don't mind my asking who did you get a car note and credit card through? Every lender I have tried denies me and I'm sick of them running credit checks just to get denied. I am sort of in your position my score is a 583 I have recently paid everything on my credit except my student loans which are not due yet for another two years to start making payments. I could pay on these to help but my bank says getting a car payment or credit card will be the fastest way to rebuild my credit score because it shows I can make on time monthly payments.

Reply by
MommyOfToo13

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Hi i just wanted to say thank you so much for your article it helps a lot. I was wondering how did you get the original date of your credit card or bills and where do I look to see if they are being resold .. I got a credit card right out of high school and maed it out and never payed (not smart) but i graduated in 2005 it is now 2013 and it continues to haunt me i want to fix my credit so bad.  

Again thank you so much for your article you gave me hope.

Stephanie.. stefunnyrocks87@aol.com

Reply by
stefunny27

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thank u so much for ur story. ive been so lost and not knowing where to start. i have received letters from collection agency stating they will accept 40% of the balance. i have the finances to do it, but how do i get that letter saying its been paid in full? and how do i get it off my report? i afraid after i make the payment i;ll never get that letter.

Reply by
edhernandez1403

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Hi Kikibloom. Lots of great info. I am gonna have to break it down. Some of the terminology is throwing me, but I have a question I hope you will answer.

You wrote, "I happened to read an article, and I apologize for not remembering the name of it, that suggested disputing them with the credit bureaus. So I filled out the online dispute form and explained that,"

Where exactly is this online dispute form that you mention???

Thank you.

Reply by
girlygirlrat14

9 Contributions
27 People Helped

Good post, sounds like what many of us go through. 

Reply by
legalbulldog

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0 People Helped

very well said kiki...and very helpful. thanks for being so open and str8 forward. im basically in the same situation with the same awful score as you, lol (no offense). youve done a gr8 job and getting back on track, and i can only hope i can do the same...sigh

Reply by
thewickster

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0 People Helped

Thanks for your informative article, it was very helpful, and makes a lot of sense. I've gotten myself a terrible score by being irresponsible and and now trying to fix my score. Really appreciate the info! Good luck on fixing your score!

Reply by
rdhcathi67

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0 People Helped

I want to thank you for this response!!! I have felt overwhelmed and in the same position you were in. Your advise makes me feel better to take on what is out there. Again thank you!

Reply by
Kbaner02

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I just (today) started with Creditkarma, and this is the first reply I read. Thank you Kikibloom, you speak in plain english, and make it less intimidating. You give me hope. Bless You!

Reply by
midwest1960

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Do you have a temple that you use to send to the collection agencies?

Reply by
Lisalee15

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Welcome to the school of hard knocks.  You've learned well my "grasshopper".  I too, have been raked over the coals by credit card companys.  (My own fault) and we've come out of the other side smarter and wiser.  Ignoring debt does not make it go away.  It just seems like the easy way out at the time.  Good luck in everything you do!!!

Reply by
tigger4444

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impresive plan!

Reply by
vrstruth

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I like your process.  I have tried disputing items with no success but I will try again. 

Reply by
lsullivan0777

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how do i fill out anonline despute with the company that bought my past debt?

Reply by
hfleshood

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Helpful to 2 out of 4 people

This may sound naive of me, but can you explain the difference between "run its course" and "fall off" and how I would know if and when my negatives are going to "fall off." Also I have very little detail on the acctual accounts with amounts owed.  I have not received any notice of them.  How to do find out what they are so that I can pay them back??

Reply by
sheseris

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Helpful to 0 out of 1 people

I jacked off to your ****

Reply by
bubbalethalwhoopass

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MIght i suggest reaching out to :

http://repairmycreditnow.com/SergioMarshall.htm

They may be able to help. they have help several members of my family get their stuff together. the one thing i do know... if they cant help you...they will tell you upfront. results matter. they are not the creapest so you are aware ahead of time.  

Reply by
reign26

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Thank you for posting that. This must of happened to me as well because I have a few that should of fell off but renewed only to appear as though they are more recent. Very frustrating. 

Reply by
terrismith425

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Helpful to 0 out of 1 people

Where do you look on your credit report to see when an account will fall off?

Reply by
happyeverafter2013

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Helpful to 426 out of 435 people

One of the things you can do is to ask that the debt be validated. Sure any company can verify a debt, but can they validate it? A debt is caused when two entities have entered into a contract. Please check out the UCC. Look at any of your credit card apps, etc. Do they have a signature from the company or just yours? Then the debt is not valid. Did you sign a contract with a 3rd party debt collector? I bet you didn't! If you don't answer them them then by your silence your are agreeing to this debt. They are a third party interloper in your commerce and they have no business being there. They cannot legally collect a debt from you. Send a certified letter to them asking for the signed contract from them, an invoice and not a statement. A statement is just that. you need to able to see an invoice for this to be legal once again. The debt collectors buy debt at a discount but they don't have the proper authority to collect it. Send letters!!!!! Don't use automated systems. And always send them certified.

Ask for information from these companies, like an invoice. If they cannot provide it, they cannot collect on it. It's commercial code law. Works the same for any attorney's that are contacting you too. They have to stop if they cannot provide you with a contract or an invoice.

Good luck!!

Response by
Turtlemoon

4 Contributions
430 People Helped
Helpful to 17 out of 20 people

What is UCC & how are you formatting your letter

Reply by
alsbsi

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Helpful to 9 out of 13 people

Do u let the credit bureau know u are asking for validatin while u wait 30 days? Or only wwhen the collectors either don't respond or cannot validate?  

If they are able to validate - does the 7 years start over?

thanks 

Reply by
kbshetter

3 Contributions
12 People Helped

What if the collection agency can't provide me with an invoice or contract.  How do i get this off of my report?

Reply by
Feelinghelpless

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Would this work for Hospital bills that have gone into collections as well?

Reply by
TuesdaysHeart

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Give me a call and I will clean up your credit without going to court in as little as 15 days. 

619-289-8912

Reply by
solved

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I did this and the company mailed me a letter stating that they purchased the debt from the original creditor and attached a copy of the original creditors invoice.  What would be my next step?

Reply by
t28d9800

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I am finding some really great advice and scenarios that pertain to me and probably many others.  After getting married for the second time, my financial security tumbled, as my husband had much baggage.  dont mistake his baggage for lack of love and feeling strong toward making things work.  as a couple, we have made some purchases to make eachother happy, only to find that we made very poor choices.  while i typically had the potential to make a six figure salary, he did not.  so many things we have are in my name.  our home, the cars, utilities and credit cards.  now that i am older, i have become overwhelmed with how i managed to care for only me.  regardless, i too have had a couple of setbacks by getting injured at work.  your company does not and will never put you as a "valued" employee first,  not ever!!!  so i have had many debts that have become sold and sold again.  some I have negotiated, and I am working with NC hardest hit, for those of us who face forclosure due to injury, job losses and downsizing.  I am trying to keep my head afloat, and i keep praying that I can pull together ideas that all of you have given to me and everyone else to help us out to find solitude after I conquer this disaster that has happened. (without even really trying),  i did contact a "legal lawyer--Lloyd Webber, who greatfully took 6000.00 dollars from me and promised I would see bills paid and fall off, only to find that what they did was not legal, how do you chase the crooks to get your money back--it is almost impossible.  I did learn not to take advice from legal eagles who want only to collect your money and when you have 40,000 dollars to spend on your debt, then they will start to negotiate with your creditors.  I didnt have the tenacity it takes to go after them.  Instead, I fell into a deeper depression and did nothing.  I will use your wisdom and god bless you for what you have shared.  Thank you from the bottom of my heart.  I never thought I would be in this prediciment at this time in my life.  I will continue to update everyone with what I have been able to take from your advice and how I can use it to make my situation better.  Thank you again.

Reply by
bredagirl

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here's a link to a good format for writting this type of letter

http://www.creditinfocenter.com/rebuild/debt_validation.shtml

This can be the fastest way to get you Credit report in line with your reality. 

Bad credit snowballs on to itself. Making you out to be a real "bad guy". 

For most of us, bad credit is the result of misunderstanding how the "Financial World" looks at us, As a "Cash Cow" to be for their benifit. 

Understanding how credit works, Realizing that you can control whats reported about you and that it takes time to do anything right.  Rebuillding credit doesn't happen over night.

 You will only gain by the effort you put into doing it.

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Reply by
EddyTX

365 Contributions
670 People Helped

I didn't know that wow thank you I'm going to ask

Reply by
Ladyluv84

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Most Powerful Credit Repair Advice Ever!
Helpful to 566 out of 584 people

The best and most powerful, important, advice ever period for improving your credit report is..... Find out your due date and your credit card reporting date and pay your card off in full 1 day before your due date and then DO NOT TOUCH YOUR CARD UNTIL "ONE DAY AFTER" YOUR CREDIT CARD COMPANY REPORTS TO THE CREDIT BUREAUS. Let’s say your bill due date is the 20th and your closing date is the 27th Pay your card in full on the 19th and wait till your credit card company reports on the 27th Don't touch your card till the 28th. Use your card just like cash and spend almost the whole limit but never go over the limit! Make sure every month you pay off your card in full or you will screw up your credit going over 30% of your credit card limit. Also make sure you pay one day before your due date and wait till after the reporting closing date to use your card again. If you do this you will show the credit bureaus that you can make high monthly payments and you will have zero interest. This formula will have the most impact on building your credit fast.  

Response by
jeremymccay

6 Contributions
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Helpful to 16 out of 20 people

POWERFUL INDEED!

Do you have any other advice???

Reply by
latric08

9 Contributions
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Helpful to 7 out of 9 people

How can you find out whent your credit report is released?

Reply by
arthurcs

1 Contribution
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I will testify to everything in this post. I've been following these steps for some time now & my credit has improved from 645 to 721 in less than a year! Please follow these simple steps to improve your credit score

Reply by
sunshynn

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Do you call your credit card company and ask them? Are they forth coming with the information?

Reply by
kmrouse38

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The problem with this idea is that they don't always report to the credit bureaus on the same date.  If I use my card, I try to pay it a couple days after in full, but they hold my payment for 10 days.  Sometimes they don't allow me to pay that early too.

Reply by
xmaas

2 Contributions
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How do you find out when your credit card reporting date is? 

Reply by
Brendy44

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I have this company out of dallas who keeps calling and Telling my parents their ss# are associated with this loan i defaulted on. I called them today to ask them to stop calling my parents because they have nothing to do with this loan.. they disreguarded my request and stated that i can provide them with a banruptcy lawyer Number or i can give them the money for a debt... and hung up.... Im very irrated with this since this a collections company... what i can do with this? Will the letter work in this case?

Reply by
ndavisbeasley

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We pay ours  twice a month.

Reply by
PrakritiNanu

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Helpful to 270 out of 279 people

Here is a little advise for all of the people out there. When you co-sign a loan for someone else...be it your spouse or children..please remember that it affects your score as well. Because of 3 car loans and a mortgage that i co-signed for my credit score went from an 810 to a 549 they defaulted and i couldnt afford to take on the payments. Please think before you co-sign for anyone.

Response by
bill48632

3 Contributions
277 People Helped

Very good advice

Review by
CK Moderator

Helpful to 44 out of 49 people

I completely agree with you! I had really good credit until I co-signed a loan for my exfiance. bad bad bad choice. He didn't pay for 5 months in a row, missed other payments, and then the bank took me to court over it. It's now on my record for the next million years (at least thats what it feels like) and im screwed. I may only be 23 but I am trying to better my life, and my boyfriend and I would like to buy a house and we can't. its horrible!!!

Reply by
nursingstudent2010

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Helpful to 1 out of 1 people

I'd like to add, do not allow other people's bills for utilities, phone, or cable be put in your name. UNLESS their pay checks are being direct deposited into your bank account. UGH

Reply by
Earthgal

2 Contributions
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Helpful to 1 out of 1 people

But once you have signed, you can't unring the bell. I did this for my sister and then she passed away. Like you I could not pay so now it is on my credit score. I need to know how to fix my score!!!

Reply by
Peanner

1 Contribution
1 Person Helped

thank u  for said  that:

Reply by
luckly11

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This is good adive, because recently my niece who is 20 yrs old wanted me to co sign a car for her. I of course said no.

Reply by
prncessekey

2 Contributions
1 Person Helped

Amen,  never ever no matter who it is    I'm a witness and a victim!!!!!!!!!!

Reply by
BreSg

1 Contribution
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I helped a friend open a checking account.  He ran over his limit and refused to pay it back along with all of the fees.  I am now on the hook for over $1000 and can't open a bank account anywhere else cause it shows that I have misused an account and owe them money.  Very stupid move on my part to help someone else out!!!!  I feel your pain.

Reply by
flygrl68

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this has nothing in a way with your answer but, in a way it's the same.I was influenced by my ex- fiancee` to buy a house and put it under my name because I had the credit and he had the money, well it worked and everything expensive was under my name. eVERYONE THOUGHT WHAT A WONDERFUL MAN. )not!) i HAD MY OWN CREDIT CARD BILLSS WHICH i ALWAYS PAID ON TIME AND HAD A CREDIT SCORE PASSED 800'. NOW, I FLIPPED HIM OUT BECAUSE OF BEING A CHEATER AND NOW I HAD TO PAY FOR EVERYTHING HE USED TO PAY AS WELL AS MY OWN CREDIT CARDS.BECAUSE OF THIS i HAD TO FILE BANKRUPTCY AND I NOW HAVE THE HOUSE FOR SALE AS A SHORT SALE AND NOT KNOWING WHERE I'M GOING NOW WITH A 90 YR.OLD MOTHER AND A 50 YR.OLD DOWN SYNDROME BROTHER DEPENDING ON ME.MY CREDIT WENT DOWN  TO 600.SO YOU SEE YOU HAVE TO BE CAREFUL WHO YOU DO BUSINESS WITH NO MATTER HOW CLOSE THEY ARE TO YOU.IF YOU FEEL THAT IN THE FUTURE SOMETHING COULD HAPPEN MAKE SURE YOU CAN PAY IT IF THEY DEFAULT OR JUST SAY "NO"!!!!!!!

Reply by
SODUKO

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Using the score simulator and adding 24 months of on time payments made my score go DOWN.  How does that make sense?  I know my credit is bad, but adding a car loan had no affect.  Paying off my one and only credit card had no affect.  The only affect I got was a negative one for 24 months of on time payments.  I really don't understand this whole thing.  :(

Reply by
Sensitvesoul

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Yea , I finding out the hard way and now they(car company) has sent me letters stating that they are going to garnish my wages and seize my bank account .. All this for a loan balance of $1000.00. I turn in the car with only 4 months left to pay off.I know dumb on my part but the car was a lemon and the dealership that we got it from was a scam.

Now instead of the amount being $1000 they are suing me for $8000.00. How can I get this resolved and I tried to workout a payment plan but they wanted $875.00 a month for a $222.00 car payment.

I recently got letters from attorneys wanting me to file bankruptcy to stop garnishments and bank seizes.

Because of this my credit score went from mid 650 to 500.  Even though my car payment is NEVER LATE and my only credit card has a balance less than $100.00 my credit limit is $1200.00.(Not much but its credit).

Any advise ?? Please help.

Reply by
Scorpion6813

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same here. that's some of what is against me & i can't do anything about it. one car is to drop off next summer/fall but it's only been a yr that my (now estranged) husband lost our vehicles when he decided to stop making payments so i'll still have 3 cars against me for another 6+ yrs. i've got an old car from a buy here pay here place that needs work on it & can't afford to do anything about it. i suggest folks do NOT co-sign for anyone. and don't put anyone on your cc's to 'help their credit' as it was suggest to me when we went to buy a house & found out that his score was too low (4 yrs ago). the creditor suggested i put him on my cc's to help build his credit & in turn had mine destroyed when he went on wild spending sprees maxing out 3 of 4 of my cc's. my credit dropped from 880 to 533 & i've tried to improve it, paying settlements & disputing debts that have been put against me twice (from original bill & the agency that bought the debt) but they refuse to remove the second reports on any of them. i feel it's hopeless. every direction i've went in has been a failure.

Reply by
mamawnat

7 Contributions
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Definately good to know.

Reply by
SKWeekly

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Helpful to 1 out of 3 people

I took for granted how credit scores affected my life.  Ignorance and laziness played a big part also.  The only person I've co-signed for is my husband and so far he hasn't burned me but my credit is bad solely bec' of my doings but it's mostly from dumb stuff or neglecting to pay on bills period.   

Reply by
tweet10110

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Helpful to 1 out of 5 people

Wow that sucks maybe theres a reason no one gave him a loan (hint, hint) a word of advice find a man who care to take care of you instead of the other way around, lesson learned i hope.

Reply by
k8t3469

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Helpful to 130 out of 133 people

 My credit score was horrible, 450. i first got a used car financed at an insanley high rate...( with payments that i could make). I paid off all my debt..calling creditors and and collection agencies, and paying it all off ( that required some haggling, and some sob stories, but it worked and all debts were paid) then i pais the bills i had on time for a year...hey i didnt say this would be instant. Got a high interest credit card with a high interest rate. I charged on it paid it off ( I put a recurring charge ..something like cable on it) after keeping that and other loans at 100% on time paid as agreed i was given loans at much lower rates, credit cards at lower rates, and higher limits. still pay them on time every time, and carry a zero balance. pay cash for everything. I only finance house and car., everything else is cash. If i cant buy it with cash i dont need it. this mentality helped my score go from  450 to 700, and still climbing

Response by
medic9five

2 Contributions
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This will help you
Helpful to 88 out of 89 people

Save $300-$500 and get a secure credit card so you don't disappear from the credit radar, remember credit it's like a game (a bad one thou) you gotta keep on top of it to make up for bad financial decisions. If you make the mistake of not having any credit while paying off debt  your score is going to suffer;  remember!!!it takes time to bring it back up.

Response by
wr43th

4 Contributions
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Helpful to 4 out of 6 people

That's funny you say that. Because I tried to do the secure credit card with a credit score of 620 and that didn't work. I was rejected :( I don't know what else to do.

Reply by
leanbean1

1 Contribution
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YES YOU CAN GET A HOME LOAN WITH A 580
Helpful to 92 out of 94 people

I work with people who have credit issues all the time that have gotten approved. Remember the scores you get on credit karma or any site online are different than a mortgage report. I refer my clients to The Lenders Network, they are kind of like the Lending Tree for people with credit issues, self employed or other issues most banks cannot approve they have a few lenders that go down to a 580 for FHA loans.

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Response by
BeverlyHillsagentASAP

19 Contributions
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Helpful to 6 out of 6 people

Would you by chance give an email address or phone number for where you can go to get the FHA Loan? I have been buying my house on contract for 5 years and still can't get a loan because of my score which is up from a 495 to 619. Right now I am paying 7.75% interest to contract holder and can't take advantage of home ownership.

Reply by
tiffy77

1 Contribution
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Helpful to 5 out of 5 people

can you really get FHA loan with a 580??

Reply by
kingbicep

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5 People Helped

interested in a $ 170,000 FHA loan only have 620 FICO, can you offer some advise ?

Reply by
jorgefrommiami

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this helps but when you have a 585 and a second mortgage in texas its considered takeing out cash on ur home so even when you have 90,000 equity in your home and want to rerinance to lower your payments you cant get any help anywhere from anyone and run into dead end after dead end. i only owe 55,000 combined on the 2 mortgages and 90 thou equity in the home but no one will help you are just screwed.

Reply by
candycanelane

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From poor to average in under a year
Helpful to 53 out of 53 people

A quick recap of my situation and what I did to purchase a home in under a year in my own name with no co-signer

Had no credit cards and a less than average credit score. Did have employment withe the same company for 8 years which was a plus.

First thing. 

If you can't pay cash you don't need it. My suggestions assume that you have the money to keep your balances at zero.

Check all 3 credit reports. You can check these once a year for free. Resolve any negative feedback. In a lot of these cases you can dispute these right from the website and they will be taken off.

Second thing

Bite the bullet and get a credit card with the annual credit fee and crazy interest rate. In my case this was Credit One. Set up your online account with your new credit card company so you can pay your bill online, receive email alerts and track any bogus purchases or charges. Pay the annual fee right away and get your balance to zero. There is also a monthly charge of eight dollars on this card so keep that in mind. I would then use this card for gas and general store purchases, i.e. Walmart, and pay them off right away or never have more than 15% of my available credit used.  Also link any new credit card to credit karma as this will help keep track of balances and such.

Third thing

Constantly monitor your credit through credit karma. After 3 months of on time payments, check credit karma's suggestion for a new credit card. *Note- Before taking the offer, click on view details and read feedbacks for that offer. Just because credit karma says that you have a good chance doesn't mean you'll get it. Usually the feedback will say what their credit score was and whether they got it or not. Be fairly confident before applying, you want to keep your hard inquiries to a minimum.

Fourth thing

Within 9 months of doing this I had 4 credit cards which all had perfect on time payments. With these cards I would use a different one each time for purchases and pay them off immediately.                            Another card which is almost guaranteed to get is fingerhut. Yes, you'll get charged right away and their merchendise is expensive compared to other stores, I would suggest purchasing something fun for yourself and making payments on it and build your credit. You may even choose to make this your first credit card since you're almost guaranteed to get it.

Fifth thing

Don't forget why you're here. At one time you probably went crazy with previous credit cards and got in over your head like myself. Be diligent with building your credit. Check it every day and keep your balances under 15% of your available credit.

I am in no way affiliated with credit karma, but I do suggest you use the tools they give you and read other peoples suggestions. You may find someone else who was closer to your situation and use their suggestions.

Two years ago my family was cramped into a small home which we rented. Now we own our own home and have room to spare. If I could do it you can too. Now go-

Response by
F150V8

1 Contribution
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Helpful to 1 out of 3 people

Good Job F150V8!

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Reply by
icuhowie

1207 Contributions
451 People Helped
Helpful to 107 out of 120 people

They should include on the list that we need to lobby for more accountability of the score agencies. I have found so many mistakes on my report. Some of them I have been able to fix, others keep recurring despite constant vigilence. They lower my score considerably. We need more oversight of this important arena of our national financial lives.

Response by
mzeisberg

1 Contribution
107 People Helped
Helpful to 544 out of 549 people

to get stuff off your credit you will have to write a letter to the credit bure.  

---------------------------------------------------------

Your Name

Address 

City  / State / Zip

Trans Union

PO Box 2000

Chester, PA  19022

REF: ( the Ref id number is always your SSN number)

Dear Trans Union:

I am very concerned regarding the serious possibility that you have not followed the

permissible purpose provisions of the federal FCRA. A credit inquiry for ( Company Name that's On your Credit Report )  was placed within my credit file in (Month/date/Year ). The Act specifies that you

must document your reasons for including such items on my report and, when in error,

remove them as well. I am depending upon Trans Union to follow the law: Either provide

documentation that the law was followed by contacting (Company Name )

at once, or remove this offending inquiry as soon as possible.

Yours truly,

-------------------------------------------------------------

After writing this letter you should get a reply back from Trans Union and the company who placed the item on your credit and if you dont get anything back then by federal law the company must remove it from your credit report.  

Hope this helps

Reply by
JasonPoore

1 Contribution
544 People Helped
Helpful to 54 out of 55 people

I have a question for you... what about accounts that are paid off and closed for several years ago and stll on the account. Can't they be taken off? How would I get them off?

Reply by
Aussiemossie

4 Contributions
54 People Helped
Helpful to 29 out of 30 people

Hello Imj1968,

Just wanted to ask you since you have more experience then i do. Can you request stuff off your credit even if you defalted but paid off already? or do you have to keep it there for seven years?

Reply by
eve777bella

2 Contributions
29 People Helped
Helpful to 17 out of 17 people

so I have a 507 credit score and a 13,000 debt according to creditkrama...The question I have  is....All I have to do is write this letter to them..and does it has to b a different letter for each debt or each credit burea

Reply by
CHASITYMACK26

1 Contribution
17 People Helped
Helpful to 9 out of 9 people

I have done this before and it really works.. Its called a Dispute letter... Good idea...:)

Reply by
nmoore36

1 Contribution
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Helpful to 7 out of 7 people

Here! Here!  I agree!  Where is the regulation and credibility for these so-called credit agencies.  Seems that the entire nation just accepts all this credit jargon from these credit scoring agencies without merit.  Even when the credit report isn't complete truth.  

Reply by
Toshie003

1 Contribution
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Helpful to 7 out of 7 people

I had an account also show up as BOA with over 100,000 mortgage. I never  borrowed any money from BOA for a mortgage. Come to find out that BOA bought the mortgage as I was filing Bankruptcy on that mortgage, it was a Countrytwide loan. I was told BOA bought out Countrywide. No mention on my report that Countrywide ever had it. Now, I am trying to get BOA to report that it is not an open mortgage. My mortgage broker tells me I need to clear this up. I have documentation that the mortgage was included in the bankruptcy. Yet, the mortgage broker says that is not good enough! Bottom line....check to make sure the BOA account was not a previous account you may have had somewherfe else. Good luck!

Reply by
dccman

1 Contribution
7 People Helped
Helpful to 20 out of 23 people

Agreed...you are the first person I have run across who shares this view. I check our scores every year. A couple of years ago when I checked, I found that I had taken a mortgage in New England (I live in the south) and that I was born 23 years earlier than my birth certificate. It took me months to straighten out. It was literally harder for me to prove that addition wasn't me than it was for the person to get the loan based on my credit.

Reply by
lmj1968

5 Contributions
24 People Helped
Helpful to 4 out of 4 people

How much does your credit score incline after disputing certain items off your report?

Reply by
mzshannon1

1 Contribution
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Helpful to 4 out of 4 people

This must be sent out Certified mail.  They have 30 days to provide you with the information or to remove it from your credit report.  The Certified Letter will provide proof that it was sent and the date that it was received.

Reply by
melissajordan34

1 Contribution
4 People Helped
Helpful to 7 out of 8 people

everybody needs to try crednology...this company is awesome.......www.crednology.com....they handle all credit issues....they have the technology to tell  you which accts are costing you the most points and how to get them recovered,they also build you your own website so YOU can monitor your credit along with them...with 24/7 access...for a year.......awesome...check them out....free on line evaluation!!!!!

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Reply by
nwb68

24 Contributions
69 People Helped
Helpful to 3 out of 3 people

I totally agree and right after the 'bailout' of the institutions for bad practices that we all had to pay for, I paid off all of my credit cards and have not had one since that time.

I pay for everything I owe by saving for it, and then buying.

I cannot tell you how good it feels to buy something once and done as opposed to keep giving the banks and other credit company sharks more money for years and years after it has been 'bought'.

No credit cards is definitely the way to go.

Reply by
Dostrunia

1 Contribution
3 People Helped
Helpful to 3 out of 3 people

Hey Jason,

I encourage you to google your states Consumer Affairs Agency.  It regulates credit reporting.  I ordered my mother pots for $89.00 and was charged $700.  The company was threatening to put this on my credit report which I have worked very hard to clear up.  I contacted my stated Consumer Affairs Agency and it was cleared up and I received and updated and corrected bill without any impact to my credit report because I paid them off and cancelled my account.

Reply by
MzzBoss

1 Contribution
3 People Helped
Helpful to 8 out of 10 people

thank you, Im going to be utilzing this letter.

Reply by
MOMSTWINS

3 Contributions
8 People Helped
Helpful to 5 out of 6 people

Am I wrong?  While you can include a mortgage in your bankruptcy, it is really only a stop gap measure that just slows down the process.  Typically an attorney puts the mortgage in bankruptcy to keep the mortgage holder from being processed out of the property.  It is my understanding that no secured debt can be included in a Chapter 7 bankruptcy.  A Chapter 13, yes, but as I said it is only set up to see if you can save the property from foreclosure.

If it is still on the credit report(s), I suspect that if the property eventually ended up in foreclosure and sold with more money owed that the property sold, this is what is appearing on your credit report.

If this is correct, then the negative information remains on the credit report based on Fair Credit Reporting Act (FCRA).  I am bit rusty at this point but I think it remains on the report for a specified period of time based on the date of last activity, meaning the date the last payment was made.

Reply by
Melsga42

2 Contributions
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Helpful to 2 out of 2 people

Collection agencies are bound by the FCRA and Metro 20 as well. Those state that they must report what is true and accurate to the credit bureaus. Therefore, if you have a bill that went to collections and they reported that is true and accurate. Once the delinquent bill is paid in full they report it as a balance paid in full to the credit bureaus. A dispute letter states that the balance is being disputed. A disputed balance gets reported to the credit bureaus as disputed which in turn looks worse becuase it looks like you are disputing the fact that you have a bill. If you send a dispute letter to a credit agency by law, they only have to validate the debt. That is what the 30 day validation period is. FDCPA (Fair Debt Collection Practices Act) states that there is 30 days from the time you receive your first notice before the agency can report to the credit bureaus.

Reply by
jojo15

1 Contribution
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Helpful to 2 out of 2 people

you are so correct!  some issues i have found are credit scores are not created by just the 3 bureaus.  has anyone heard of innovis?  how about csc?  there are so many companies out there that are trying anyway they can to get around FCRA.  when i got a credit denial letter from one lender, they didn't list any of the bureau reports so there was no way to get a free report due to use of a specific report for the denial (a criterion for asking for a free report and starting the dispute process).  they cited "csc credit services" in their letter.  it turns out this is an Equifax service but their name is nowhere in the title or on the letter.  there are so many stupid errors in the 3 bureau reports.  they take no responsibility for any of them.  the government should hold the bureaus accountable  for at least a sanity check on the data they receive from creditors.  you have to use the dispute process.  one time i had a 30 year mortgage reported as 99 years.  the same mortgage was reported by a different bureau as 30 months.  the reports were corrected but only with the time-consuming dispute processes.  it is also common practice to list the mortgage origination date for each mortgage servicer even though your account with them began much later.  so, i had reports with servicer A, servicer B, and servicer C all showing the same date in 2007 as the account open date.  those disputes were very frustrating both when i talked to the bureaus and when i talked to the servicers.  i maintained that a company can't report your history before they open an account with you and should stop reporting on any months after the mortage servicing is transferred to another servicer.  they disagreed.  at any point, it looks like i have three simultaneous mortgages when i only have (and can afford) one.  if these types of issues affect you i recommend contacting your state's agency that oversees credit bureaus and reporting of credit information by companies registered in that state.  the FTC might also be of help.  go to the state's or federal website for information on how to enlist their help.

Reply by
rocketman35

1 Contribution
2 People Helped
Helpful to 4 out of 5 people

would u have to get a lawyer to help u straighten the mess out? I know it cost money but it helps if u fin d the right lawyer to help you? just a suggestion.again I am so sorry JasonPoore u have to go through this mess.

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Reply by
dizzi2cu

13 Contributions
54 People Helped
Helpful to 3 out of 4 people

you need credit for lots of reasons.......for a bank acct, for car insurance, etc.....everyone needs good credit.....if you are having problems with your....www.crednology.com is an awesome company that has the technology to tell you which item on your credit is costing you the most points....also sets you up with a on line credit file oyu can monitor 24/7 for a whole year.......give them a try.......check out them site

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Reply by
nwb68

24 Contributions
69 People Helped
Helpful to 1 out of 1 people

It is my belief that FCRA is applicable to any agency that reports consumer information including but not limited to Lexis Nexis, Sharepoint, and all of the others.

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Reply by
ktjojo74

66 Contributions
128 People Helped
Helpful to 1 out of 1 people

I say that because lets say you file bankruptcy and one company fails to 0 out your balance and reports that you are 6k behind which you are not because of the bk. 

FCRA demands accurate reporting.

FDCPA and US Bankruptcy law demand that the company no longer collect on the debt.  Its a fair assumption that if under the 6k past due remark is the bankruptcty remark, that they know about it.

By letting the 6k sit there, that is a passive aggressive attempt to collect a debt which violates the aforementioned companies.

You have to fight this one out yourself, you attorney and bk court are not interesting helping you. 

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Reply by
ktjojo74

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collection agencies must adhere to FCRA and FDCPA. 

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Reply by
ktjojo74

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yes you want to write a separate letter for each debt and for each credit bureau and creditor.  If you have 3 debts you want to dispute, you could potentially write 12 letters. But if you just change some info in each letter instead of retyping each letter, you will save so much time. 

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Reply by
ktjojo74

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great question.  If you have collection acconts that you have paid off and have proof, contact either the collection agency or the credit bureaus and request that the account be removed. 

Just a couple of things to note...

you will have better luck with the collection agency than the credit bureau in getting those removed.

in the future ask for a letter of satisfaction and to have remark removed at the time of payoff.

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ktjojo74

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If you believe that any of the information found on this report is incorrect, there are 3 ways to launch an investigation about the

information on this report.

When you file a dispute, the credit bureau you contact is required to investigate your dispute within 30 days. They will not remove

accurate data unless it is outdated or cannot be verified.

To initiate a dispute online please visit https://www.ai.equifax.com

To check the status or view the results of your dispute please visit https://www.ai.equifax.com

Reply by
nicohicks

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Awesome! I believe you hit the nail right on the head! I have been putting up with this CRAP for years because there are so many other women, up north in my former area, with the same name only separated by middle initial! That is how I ended up in the middle of identity theft! I went to the local sheriff's dept. & ask for their help. Yeah Right! "We cannot do anything to help you! Even with proof of mistakes on your credit report, up there it depends on WHO YOU ARE! Thanks to You on here for the tips and advise!

Reply by
SmokieComer

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AGREE!!!!!

Reply by
atheobald914

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Tweet about them trust me it will get their attention. I've tweeted about companies screwing up or not doing their jobs and they get to me right away. They don't want bad publicity so they'll start finding ways to keep you from talking about them. They'll start fixing the issue.

Reply by
ecapuano04

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did you word your letter as the one above states and send it certified? how long did it take to reflect your score?

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Reply by
bwac

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Thanks a lot. Great help. Thank you !

Reply by
aludi012karma

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I agree I have been trying to correct mine for over a year. no luck...i have over $300,000 showing for BOA and have been unsuccessfu l in getting it removed despite continous effort.  i have never done business ever with BOA.  I have corresponded with both the credit company and BOA.  

Reply by
KittyJane

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Agreed. I'm not crazy about strangers using a system I don't understand to decide if I'm a reliable person or not to begin with...I didn't give anyone permission for that, but the least they could do is make an effort to get it right!

Reply by
lmj1968

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You are soo right. Problem is that dealing with these agencies is like dealing with the IRS. They know the laws. We don't. They are backed by money and large companies like credit card companies that control our financies. They know we can't live without credit cards, mortgages, insurance, etc. If we happen to have a personal disaster, job loss, health issues, divorce, and on and on we have to claw our way out. Large companies have financial disasters and our tax dollars via our government reps take care of them. I know all this is negative, but I truely believe it. Lets stop using big name banks and start using the small guy. Use the small guy in everything we do. If only!!!

Reply by
girlygirlrat14

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I am also very vigilant in checking my credit.  I wrote a letter to TransUnion many times and it always comes back 'return to sender'.  I am using the address that the credit report states to write it to as well as getting it off the FCRA.

Reply by
jaryan18

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Totally agree!  Ideas or suggestions and you can count me in!  I don't know how to do that - but will help in any way I can!

Reply by
jaryan18

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Totally agree!  How could we start that?  Ideas?  I'm in!

Reply by
jaryan18

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I disputed a debt that I paid in full, and the dispute was denied. It is still on my credit.... So good luck disputing. I paid with a check. I had the proof!!!

Reply by
jsimpson1541

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Hi I just wanted to know how long do you wait bfore they have to take it of?

Reply by
taurus7

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Credit should not be required for savings, checking or insurance...This is what the banking lobby has done in congress to drive up the basis cost and fees for all of these. They use a higher risk calculation to charge the consumer more. Especially during a time of econmic morass. ALl the while they take higher risks in financial instruments of poor grade and then get bailed out with our cash...Where's BofA's, JPM, Chase GM's bad credit rating for 7 - 10 years..Doesn't exist. But for you and me there are implications for life's neccessities, some required by regulation, PMI, Auto Insurance, Home Owners insurance.

Like Dave says...The best credit in the world is a fat savings account....Focus on that and investing. You'll have all the credit you need.

Reply by
TheRealGreyGhost

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Im running into the problem that someone else has stolen my Info and has hurt my credit how do I go about fixing it where do I start?

Reply by
bobswife9305

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 You can file chapter 7 on a mortgage, car loan or any other secured loan. as long as you have made more than 12 months of payments. After the bankrupcy is final if the bank or mortgage co. sells for less than owed that is their headache. you are free from the mortgage after the bankrupcy is final.

Reply by
rudedogg381

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I would have to agree with your sentiments on this matter!  It seems far too easy for creditors to create the blackmarks that are so very difficult to remove or disprove.   There needs to be more stringent rules governing and a better system of checks and balances for those who can change your credit score with the push of a computer key.

Reply by
Graebird

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Filed bankruptcy on one mortgage and dealing with a broker on yet another one? I agree with the broker....that should NOT be enough.

Reply by
infogather

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I am going to do this!!! Thank you:)

Reply by
lilsecret

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thanks for the help

Reply by
rob9234

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y

Reply by
theking6969

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that being said you need to contact an lawyer or the ftc.

Reply by
theking6969

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I have had this same thing happen to me a few years ago. They made my bank account go severely negative and the company that pulled the money out refused to do anything about it and when I talked to my bank they didn't do anything about it but put it on my credit report! I have been trying to get it straightened out but there is no way that I can so I gave up.

Reply by
nemochik

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I agree.

Reply by
stateguy77

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Has anyone answered your question because i have the same question since i had some real estate foreclosures that still show on my report and need them taken off.

thanks!

Reply by
kich12

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did you get a home loan with that on your credit?

Reply by
craigmorgan

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I did not know this. This is some good info. Thanks

Reply by
imarnqd8

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how can i improve my credit

Reply by
davisg417

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if i ever need to write to any credit bureau i will defenetly use your format,,thanks

Reply by
autlense68

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JUST... a House, a Car, an Education??? Thats what you need to get a job (career) to, as you say,"save money" .

Reply by
SLafontin

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"fair credit reporting Act" is a bill passed in the US years ago. you can google it and find the correct terms to us when corrisponding with a debtor. good luck, 

Reply by
1ja1rus

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touche. I have the very same problem.

Reply by
seal4ever

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****

Reply by
carllake

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Thank you very much for this information. I am going to use this.

Reply by
motherlylove777

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i agree

Reply by
bodyman1234

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i think it tends to be that alot of it is caused by miss nameing or useing of a name similar to yours.. and your ssi#... id theft and credit card fraud are the #1 problem in america ..i mean honestly if you save your money you can get anything you want to,. you dont need credit for nothing except a house car or student loans.. either than that it is useless .. and background checks at government jobs..

Reply by
kaosleeroy108

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Actually, the creditor has 30 days to respond to the credit bureau then the credit bereau responds back to you. so all in all it take's approx 60 days for a response.

Reply by
V1966

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thank u i will write a letter to all and see what happens

Reply by
monique3737

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Bankruptcy!  I was ashamed to have to go through a Chapter 7 but I had absolutely no choice. I finally convinced myself after more than a year, that my future was worth more than my pride and I filed in June.  My score has already jumped 20 pts.  I will never own a piece of real estate again as long as I live - it's just not worth it. But, I WILL be very frugal and do considerable reconstrution work on my score over the next few years.  Credit Karma is one of the most important tools I have!  I check it at least once a month, and I track my various ratings on my budget spreadsheet.  If something gets added, I check immediately to make sure it's appropriate.    It's tough to go throught, but as you can see on here, you are SO not alone!  We're right in the ditch with ya!  You're smart (obviously because you're on this site AND you're asking for other people's input.) so, dont think you're not...remember..your future is worth more than your pride!  

Response by
skitso

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when you filed how much did it cost you cause im thinking about filing. and who did you go threw and how long did it take to process? i read up on both chapter 7 and 13 but i dont really understand it. i just want a fresh start. to start over.

Reply by
littlebit4

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