How to get 6 more points to be at 700?

[GreatLakes]

Just this week I was pre-approved by two banks, for a mortgage.
I will be careful!

Thanks.

[GreatLakes]

Suzie02,
Yes, they mailed an itemized list of fixing the car.
I'll take option three: only two years to go!

[GreatLakes]

One little diddy someone mentioned to me today was to dispute the collection and apply for a mortgage. Their theory was that when you dispute something, it gets taken off of your report for 30 days, and your score will go up during that time.

All for one, one for all.

[dad2jules]

Originally Posted by GreatLakes

One little diddy someone mentioned to me today was to dispute the collection and apply for a mortgage. Their theory was that when you dispute something, it gets taken off of your report for 30 days, and your score will go up during that time.

All for one, one for all.

DON"T DON'T DON'T dispute it. This will re-activate the account which starts the 7 year clock ticking again. It falls off 7 years from alst activity. You can have all the comments on your credit treport you want about disputing but it still is calculated into the score.

[Sunny-Days-in-Florida]

Adding good credit lines will increase your scores in time.

Disputing it DOES NOT re activate the account. I repeat, it DOES NOT re activate the account at all.

If you dispute it and they move the DOLA they will owe you a ton of money for doing this.

Paying it or partially paying is the only way it effects it.

They have to have activity on the account to change the DOLA.

Dispute it, file complaints with the BBB, AG and even hire a consumer attorney if need be.

You have the lawful RIGHT to dispute it. If they do not remove it and it is not suppose to be there, cash in your FDCRA violation checks.

Is there anything wrong, amounts, time, dates etc?

Make sure you get a real copy of your report, if they change the DOLA on it on purpose you can nail them to the wall.

Once you dispute it and if they change this date, they owe you 1000 just for starters.

If you get denied for credit while this is on your report make sure you get that in writing, no collector can cause you harm if they are incorrectly reporting something.

[Sunny-Days-in-Florida]

Originally Posted by GreatLakes

One little diddy someone mentioned to me today was to dispute the collection and apply for a mortgage. Their theory was that when you dispute something, it gets taken off of your report for 30 days, and your score will go up during that time.

All for one, one for all.

Many mortgage companies will not allow follow through with any loans if you have something in "dispute" at the time they pull your credit.

[suzie02]

Originally Posted by Sunny-Days90

Disputing it DOES NOT re activate the account. I repeat, it DOES NOT re activate the account at all.

If you dispute it and they move the DOLA they will owe you a ton of money for doing this.

Paying it or partially paying is the only way it effects it.

They have to have activity on the account to change the DOLA.

Dispute it, file complaints with the BBB, AG and even hire a consumer attorney if need be.

You have the lawful RIGHT to dispute it. If they do not remove it and it is not suppose to be there, cash in your FDCRA violation checks.

Is there anything wrong, amounts, time, dates etc?

Make sure you get a real copy of your report, if they change the DOLA on it on purpose you can nail them to the wall.

Once you dispute it and if they change this date, they owe you 1000 just for starters.

If you get denied for credit while this is on your report make sure you get that in writing, no collector can cause you harm if they are incorrectly reporting something.

What about our case. An account was reported as charged off for 3 years and then when we tried to dispute it 3 years ago they changed their reporting to 180days late. It now shows as a recent delinquency even though it was charged off 6 years ago.
The dispute process was a joke. The credit bureau just contacted the cc company and they said we owed the money and that was that. They didn't have to prove anything.
Now the credit report says that the account was disputed and has been verified. We are worse off since we disputed.

[Sunny-Days-in-Florida]

Originally Posted by suzie02

What about our case. An account was reported as charged off for 3 years and then when we tried to dispute it 3 years ago they changed their reporting to 180days late. It now shows as a recent delinquency even though it was charged off 6 years ago.
The dispute process was a joke. The credit bureau just contacted the cc company and they said we owed the money and that was that. They didn't have to prove anything.
Now the credit report says that the account was disputed and has been verified. We are worse off since we disputed.

Write the credit bureau and ask them for the complete investigation summary of how the company verified it.

Also, if it is reporting 180 days late only after you disputed it that is an infraction of the FDCRA laws and they know it.

PM me the collectors name.

You are not any worse then before disputing it. It cannot be 180 days late if it was charged off 6 years ago.

They are then re aging the account which is illegal.

Guessing this is Experian??

Remember, most collectors hope people like you do not know what to do. And when you fight them back with laws they often go away.

Make sure you have copies of your reports before and after disputing it.

Also, check into your states statute of limitations for this item.

[suzie02]

Originally Posted by Sunny-Days90

Write the credit bureau and ask them for the complete investigation summary of how the company verified it.

Also, if it is reporting 180 days late only after you disputed it that is an infraction of the FDCRA laws and they know it.

PM me the collectors name.

You are not any worse then before disputing it. It cannot be 180 days late if it was charged off 6 years ago.

They are then re aging the account which is illegal.

Guessing this is Experian??

Remember, most collectors hope people like you do not know what to do. And when you fight them back with laws they often go away.

Make sure you have copies of your reports before and after disputing it.

Also, check into your states statute of limitations for this item.

EQUIFAX looks like this:

Current Status: CHARGE-OFF
Balance: $xxx
Date Reported: 04/2008 Amount Past Due: $0
Date of Last Payment: 08/2003
Actual Payment Amount: $0
Charge Off Amount: $xxx
Date Closed: 09/2003
Date of First Delinquency: 09/2003 <= isn't this the date for everything should be based on?
Comments: Charged off account,
Account closed by credit grantor
81-Month Payment History
Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2008 180 180 180
2007 180 180 180 180 180 180 180 180 180 180 180 180
2006 * * * * 180 180 180 180 180 180 180 180
2005 * * * * * * * * * * * *
2004 * * * * * * CO * * * * *
2003 * * * * * * * * * * * *
2002 * * * * * * * * * * * *
2001 * * * * * *


EXPERIAN says:

Status: Account charged off. $xxx written off.
Date of Status: 06/2004

Status Details:
This account is scheduled to continue on record until Jun 2010.
This item was verified and updated on Aug 2006.

Recent Balance: $xxx
Last Reported Date: 04/2008

Account History:
Charge Off as of Apr 2008, Aug 2004, Jul 2004

TRANS UNION

Balance: $xxx
Date Updated: 04/2008
Pay Status: >Charged Off as Bad Debt< Date Closed: 09/2003 <= This the actual date we closed the account.
Remark: Account closed by consumer <= this is what happened.
Estimated date that this item will be removed: 07/2010

We were charged a late fee we didn't agree with. When they didn't take it off we paid the balance of the card minus the fee and closed the account. The kept adding fee after fee after we closed the account. Eventually they stopped sending us a bill. So we forgot about it. 3 years later when we moved and got our credit pulled for insurance purposes it is when we learned about the charge off which is almost 10 times the original fee. That is when we attempted to dispute.
Now that the lenders have gotten so strict we didn't get the best interest rate for a refi because of this.
It wasn't till last week that I realized they were doing the 180 days.
There wasn't any collections company involved and the bank "is in the process of closing all branch offices and not accepting any new applications".

How can we fix this. Are there any form letters I can use?.

Thank you very much.

[dad2jules]

Originally Posted by suzie02

What about our case. An account was reported as charged off for 3 years and then when we tried to dispute it 3 years ago they changed their reporting to 180days late. It now shows as a recent delinquency even though it was charged off 6 years ago.
The dispute process was a joke. The credit bureau just contacted the cc company and they said we owed the money and that was that. They didn't have to prove anything.
Now the credit report says that the account was disputed and has been verified. We are worse off since we disputed.

Sunny-Days- this is what I was talking about. I understand it shouldn't happen this way but it does and more regularly than any of us woud like to think.