If I receive a letter from a collections agency, is it ALREADY on my credit report or should I pay i

I just received a letter from a collections agency. I contacted them and they said that if I paid the debt in full and within 30 days, that it would not show up on my credit report at all.

Does the debt collection agency have any LEGAL obligation to NOT report the debt to the credit bureaus if I pay it off within 30 days of receiving notice?

Or, If they don%26#039;t have any legal obligation to do so, is it standard industry practice not to do so anyway?

I would pay this debt off in full if I could be legally guaranteed that it wouldn%26#039;t show up on my report a few months later anyway.

My only goal here is to protect my credit as best as possible. At the time the debt was accumulating I had no way to pay off the money. I now have the means, but figure if my credit has already taken the hit then I might as well at least keep my money....

So, is my credit ALREADY marred?

Should I bother paying this off? Is there any way I can legally hold them to their promise not to report it

If I receive a letter from a collections agency, is it ALREADY on my credit report or should I pay it?

You should pay it (and yes, already marred).

Delinquent payments are usually on your credit report before they%26#039;re sent to a collection agency. That%26#039;s bad. If a collection agency makes an inquiry to a reporting bureau, it stays on your record for many years. That%26#039;s worse.

If I receive a letter from a collections agency, is it ALREADY on my credit report or should I pay it?

the first one u get is before it goes on your credit, however, it does show a deliquency on ur credit, you should pay it...

If I receive a letter from a collections agency, is it ALREADY on my credit report or should I pay it?

Short Answer: It%26#039;s already on your credit report.

If it%26#039;s gone to a collection agency, the original account has been past-due for 90+days. Generally, companies report after you%26#039;re 30 days late.

The collection agency is going to tell you anything they can to get you to pay them. A little-known fact is the agent who is calling you and demanding payment gets a commission for every dollar they can get you to send, so of course they%26#039;re going to tell you what you want to hear.

Sandy

If I receive a letter from a collections agency, is it ALREADY on my credit report or should I pay it?

well if you dont pay it on 30 days its going to show up and if you do it might show up and it might not but also it going to show on your credit report that is is paid in full wich is good you dont want to not pay it cause that will be bad so i would pay it and hope that it dont show but if it does better that it says its paid off then still owing the company...

If I receive a letter from a collections agency, is it ALREADY on my credit report or should I pay it?

you have the right to -1- FREE credit report from all -3- credit reporting agencies...check it for yourself...(numbers are in your phone book and online.) if you pay your debt, then they cannot report you for something you have done, they can only report you for debt you haven%26#039;t paid.

If I receive a letter from a collections agency, is it ALREADY on my credit report or should I pay it?

It%26#039;s probably not on your credit report yet but call the collection agency first thing in the morning and make payment arrangements. If it%26#039;s already hit your credit report and you pay it , then the report wl be updated to paid late which is better than never paid. If that%26#039;s your first letter and they gave you 30 days then it%26#039;s probably getting ready to be reported.

If I receive a letter from a collections agency, is it ALREADY on my credit report or should I pay it?

If this is your first letter it will not show up if you pay in 30 days. I would also ask them to send me a signed letter stating it is paid off and they will not turn over to credit bureau. Then I would call the original company and get a letter from them stating it is paid off. Oh, ask for a payoff confirmation number and the person%26#039;s name you are talking to. Document everything and save all this information just in case it pops up later. You can use it to dispute it through the credit bureaus. You can go to www.annualcreditreport.com and get access to all 3 credit bureaus once a year for free. Good Luck. Same thing happened to me and it did not show up.

If I receive a letter from a collections agency, is it ALREADY on my credit report or should I pay it?

I%26#039;ve written too much, and I just deleted it. I%26#039;ll try to be brief.

There%26#039;s no obligation for a debt collector to not report it.

Chances are the debt is already on your report, and if it has been deemed a charge-off, the DC cannot report it again. It can only report new information.

If the debt has been sold to another, and the debt has been reported to the credit bureau, it is still the same debt and can%26#039;t be reported again. Once again, only new information can be reported.

You have 30 days from when you receive notice to dispute the debt. It is important you do so, even if you owe. They will have to provide proof of the debt and this is to your benefit, if they decide to sue you. If they don%26#039;t provide the info and sue you anyway, they are in violation of the law and you can sue them.

If they check and can%26#039;t provide proof (maybe they lost it) then legally they are supposed to remove the debt from the report altogether.

But, if they have the proof, they can leave it there.

You can negotiate how much you will pay and what the conditions are. So, you can negotiate possible removal of the debt altogether from your report, or just make the report less harsh. Do this in writing.

Depending upon how old the debt is, it may be legally uncollectable. However, your making a promise to pay will renew the clock, so never make a promise to pay unless you actually will and/or want to. Just saying %26quot;I%26#039;ll pay you the debt%26quot; on the phone is a promise. Saying %26quot;I might consider paying you the debt%26quot; is not a promise.

First link refers to asking for proof.

Second link refers to the time allowed for legal collection of the debt.

Third link is a general how-to page.

Fourth link is about negotiation.

Cross-reference some of the terms in the pages in a search engine and consult reputable sites, like Yahoo! Bankrate, Cardweb, money magazines (Money, Kiplinger%26#039;s Personal Finance, Fortune, etc), and so on.

If I receive a letter from a collections agency, is it ALREADY on my credit report or should I pay it?

Here%26#039;s the deal. I used to work in credit and collections, so i think I know something more than these other people that are only guessing...

PAY THE BILL. Your late payment or non-payment will indeed show on your credit report. But, there will be updates to the report that will show that you...

A) Eventually paid the entire balance, albeit late.

B) Paid very very late.

C) Never paid at all (total deadbeat int he eyes of other creditors).

The best thing you can do to save your credit is to pay what you owe. That way, your credit resport will be updated to show (A) that your account was sent to collections but you paid in full. That%26#039;s much better on your credit report than (C) where you never paid the overdue balance at all. If you do that...then you%26#039;re really screwed.

How do I get an erroneous California State Tax Lien removed from my credit report?

I have a tax lien on my credit reports - again - some 12 years after CA put it on, even though I didn%26#039;t owe taxes (OK, I filed late without an extension...my fault...).

I have had it removed three times over the years, but checked my Credit report not long ago and there it was again.

Each time I%26#039;ve needed to send in the proof document from the state (they%26#039;ve provided it to me back in 1995) and send it to the three credit bureaus...and it will come off for a bit, but ends up back on again - screwing up my credit scores.

Is there a reliable way to keep this from continuing to happen? Does anyone know? Anyone every cracked to code on the California Franchise tax board%26#039;s reporting mess?

Thanks.

Steve in Seattle.

How do I get an erroneous California State Tax Lien removed from my credit report?

Steve,

Start by reading the info below. this is from the Fair Credit Reporting act.

I would say after posting this 3 times to your report, and you constantly fighting them to stop, this is a slam dunk small claims suit. If this is showing up on all 3 reports, you can sue each of them.

What can you do with $3000?

How do I get an erroneous California State Tax Lien removed from my credit report?

Studly%26#039;s answer is still wrong. You do have a tax lien, therefore your credit report is correct. The lien must be lifted. Report It

How do I get an erroneous California State Tax Lien removed from my credit report?

In response to your Additional Information: It does not matter whether the lien was paid. California DID NOT remove the lien. If they had, the next public records update by the credit bureau would have shown the lien had been removed. Report It

How do I get an erroneous California State Tax Lien removed from my credit report?

Forget what Studly said about the Fair Credit Reporting Act. The lien is reported in public records and will continue to appear on your credit report until the California Tax Franchise Board removes the lien and updates the public records. Anything you have done though the credit bureau will be overridden the next time they do a public records update.

You need to contact the California Tax Franchise Board and have the tax lien lifted. Not owing the taxes is NOT the same as having the lien lifted.

If IRS withdraws a lien on my assets, how many points would my credit score go up?

IRS has a lien on my assets; I have a credit rating that is rated %26#039;poor%26#039;, for that and other credit problems. If I convince IRS to withdraw the lien (IRS obligated to report withdrawal to credit bureaus by law), would my credit rating improve very much....how many points do you think?

If IRS withdraws a lien on my assets, how many points would my credit score go up?

Paying it off so it%26#039;s not open should help, but not by a whole lot, at least not instantly. 20 points?

Is there any way for me to get a $15,000 loan with BAD credit?

I%26#039;m 19 years old and my credit is messed up with all 3 credit bureaus, my dad has had an extensive history of bad credit..and since I have his name (I%26#039;m JR) somehow all of his bad credit shows up on my credit history..so supposedly I have debts from when I was 15yrs old. Now I%26#039;m in need of a loan of $15,000 and I can pay it back in 1 year, is there any place that would loan this amount to me?

Is there any way for me to get a $15,000 loan with BAD credit?

I think you%26#039;ll have a hard time.

Try http://www.prosper.com

Good luck.

Is there any way for me to get a $15,000 loan with BAD credit?

you have 2 issues here:

1) getting a loan

2) fixing your credit file.

your 1st priority is cleaning up your credit file as that may have a wider impact on your life than just 1 loan.

you should dispute,immediately, all accounts that are not yours with all 3 bureaus. use www.annualcreditreport.com for each bureau and follow their dispute procedures.

Unfortunately as you share the same name as your father, you have a darn near permanent appointment with each bureau every year to clean up your credit report.

Once you have cleaned up all your non-accounts you should have a far better credit score and a much better chance of getting a loan with a more reasonable interest rate.

Is there any way for me to get a $15,000 loan with BAD credit?

Yes, you can get Bad Credit Loan.

A bad credit history is like having contracted an infectious disease. At least this is what most lenders perceive. Any requests for personal loans by people with a bad credit history are generally declined.

But there is a way now, you can apply for Bad Credit Loan.

Here are some best lendrers in this Category.

http://badcreditsloans.blogspot.com/

Is there any way for me to get a $15,000 loan with BAD credit?

Yes surely you can get a loan. Now a days many people are having bad credit. So lenders have come with a bad credit loan package. So definitely you can get one.

I hope http://loan-guides.net will help you to find a way.

Is there any way for me to get a $15,000 loan with BAD credit?

Some credit card companies charge a processing fee for people with bad credit who apply for credit card. This is generally charged by credit card companies due to the credit checks, other formalities and risk involved in providing a credit card to bad credit people. If you are going for a secured bad credit credit card then this fees can be waived, otherwise it has to be paid. The catch here is that credit card companies demand upfront payment of processing fee. But, a wise credit card consumer will find a credit card company which charges the fees to the credit card not demands cash in advance.

http://creditcard-guides.freehostia.com

Is there any way for me to get a $15,000 loan with BAD credit?

Have seen lots of people asking info on bad credits. Well, if you need to get your problem solved on%26lt;!--bad credit, you must know to how to confront it. Of course, Even if you have bad credit, you can get loans. Many factors can contribute to someone getting a %26quot;bad credit%26quot; rating, among these are non-payment of an account or late payments over an extended length of time. You may find a bad credit loan here,

http://best-loans.awardspace.com/

You may find want you want. You can easily be labelled as a bad credit risk by financial companies. This can make it more difficult to--%26gt;arrange loans or other finance, and usually means you will pay more interest on any loan you take out.

Is there any way for me to get a $15,000 loan with BAD credit?

Hi,

I used %26quot;Credit Solution%26quot; to settle my debt and improve my credit score.They managed to reduce my debt up to 58% .It%26#039;s legitimate.I came across this company on NBC News.Check it out here:

http://memurl.com/furetu

Is there any way for me to get a $15,000 loan with BAD credit?

Try Richards Loan Agency.

They give out home loans and Auto-loans with bad credit.

reach them through their email,Richards_loan_agency@yahoo.com

Is there any way for me to get a $15,000 loan with BAD credit?

I read your Article. I have applied for series of Loan in different loan companies online and end up loosing my money.I lost $2,400.00 in the hands those internet loan scammers, who claim to be loan lenders. I lost every penny i had till a friend directed me to Macro Loan House, were i applied for a loan of $46, 000.00 which was Approved and transfer to me. I will advcie you contact the company too for possible help. Company email: macroloans@gmail.com

Do credit bureaus make it a practice to contact you regarding a debt or is this merely one of the co

agencies ploys?

Do credit bureaus make it a practice to contact you regarding a debt or is this merely one of the collection?

Please enlighten us!

I%26#039;ve never heard of a collection agent calling and posing as a collection bureau. What line did they use?

Do credit bureaus make it a practice to contact you regarding a debt or is this merely one of the collection?

Credit bureaus do not contact consumers at all unless it is in response to an inquiry that the consumer made. Even then, 99.9% it is in writing. If someone is calling your regarding a debt, it is a collection agency or a representative of the debtor.

Budget car sales says the best i will get is 23.9% with my lousy (but ever improving) credit. am i b

i am only going to buy a car for $6000 or less. my score (experian -- today) is 562. steady job for 2 plus years, same with residence (with a good reference from landlord). my credit union won%26#039;t lend me money; they say i need to open any new line of credit and to be in good standing for 9 mos., and to get my score over 600, then they%26#039;ll refinance me. budget swears they have the best %26quot;program%26quot; for those rebuilding credit history (they report monthly to all 3 credit bureaus). i am cetain my payments will be on time as they will be auto-withdrawn from my bank account, and the monthly payment will be under $200. and i have reasonable assurance that my job is secure. 23% sounds like a rip-off, but i can%26#039;t afford to keep shopping for a better rate costing me points off my fico score. any suggestions? i really need that new line of credit to appease my credit union so that i may soon become eligible for an unsecured credit card with them, as well as a future new car loan, or even a mortgage.

Budget car sales says the best i will get is 23.9% with my lousy (but ever improving) credit. am i being had?

I think that budget is right . My score which was a bit lower than yours got me a higher pr . I tried alot , I mean ALOT of places . Not to mention my payments are sky high . So if u can get 200.00 dollar payments , Id say go for it . Anyway , if u get in with that cedit union , after about 6 months , they will help u refinance with a lower pr .

Budget car sales says the best i will get is 23.9% with my lousy (but ever improving) credit. am i being had?

23% you might as well bend over now and get used to the a*ss pounding. first off, 38 or so points is not going to make a significant decrease in your rate. maybe 7-8% at most. the only problem you have is will you be okay with this $6000 loan for that rate? right now if you were to get a mortgage, you%26#039;d get a better rate than that easily. question is do you really need a car that bad or can you wait?

Budget car sales says the best i will get is 23.9% with my lousy (but ever improving) credit. am i being had?

Have you tried going through the place your going to get the car from? Sometimes they will finance you through their credit place because it%26#039;s cheaper interest. 23.9% is a rip off. There are better places out there.

Budget car sales says the best i will get is 23.9% with my lousy (but ever improving) credit. am i being had?

try a real dealership. If you have and cannot get a lower rate then take the bad deal and do your best to make the payments on time. They are ripping you off just like all the credit card companies but eventually you can rebuild and get a better rate.

Budget car sales says the best i will get is 23.9% with my lousy (but ever improving) credit. am i being had?

If you have a home, you can refinance with as low as a 500 credit score...

23.9%?????? Even with a 450 credit score, i can qualify you with a mortgage refinance that is less then 12% interest!!!

My name is Jason Fry, i work with Providential Bancorp, a nationwide mortgage lender..

If you have a home, i will be happy to show you a way to refinance to pull out cash to pay for the car in full.. You then will just pay the payment with the new mortgage..

Feel free to call me at 312-264-6448, or email me at jasonf@providential.com..

thanks,

Jason Fry

Budget car sales says the best i will get is 23.9% with my lousy (but ever improving) credit. am i being had?

I hope you checked your OWN FICO score before shopping.

You still have the ability to shop around.

Sounds like it should be somewhere around 18%, which is still bad, but not as bad as 23%.

What lenders only use Transunion credit scores when rating people who want to refinance their home m

Most lenders use the mid score of the three popular credit bureaus. I have heard there are some that use only Transunion though.

What lenders only use Transunion credit scores when rating people who want to refinance their home mortgage?

As credit scores have become the predominant decision making tool in the mortgage industry, I have not run across any of these companys. You are corrIect that the norm now is the middle of three or the lower of two. The country is broken up into regions where one of the three bureaus would be the predominantly used by creditors in that area. Daily I see bureaus where the low score could be in the 500%26#039;s and the high in the 600%26#039;s, over a 100 point difference. The mid-score gives a better picture of the credit worthiness of a potential borrower.

Your best bet would be to contact several brokers in your area and ask them if they have any lenders that use only the TU score.

How can I withhold a credit check until I have gotten closer to being hired?

I don%26#039;t want perspective employers to dig into my report and lower my scores simply because they can with little or no interest in hiring. Is there anything anywhere that upholds my right to privacy until such time as the interview process is complete (contingent on the OK from the credit bureaus)?

How can I withhold a credit check until I have gotten closer to being hired?

There is different types of credit reports that can be run. In fact a place of employment cannot do a credit report that will effect your score, it is against the law in most states. Also, most of the time you will have to sign an agreement that they maybe able to check it.

How can I withhold a credit check until I have gotten closer to being hired?

You should have to sign a release authorizing them to review your credit. Don%26#039;t give anyone your social security number - they they can%26#039;t pull it!

How can I withhold a credit check until I have gotten closer to being hired?

If I were you, I%26#039;d simply ask them not to run your credit unless they were planning on making you an offer. Since it costs money to run a credit report, I doubt most companies do so until they%26#039;ve found the right candidate for the job. You can simply explain that you don%26#039;t want your score to be lowered by too many inquiries into your credit.

How can I withhold a credit check until I have gotten closer to being hired?

I don%26#039;t blame you, its terrible. Maybe you can ask them if they can wait until a certain phase of the hiring process.

I have two iitems that are due to come off of my credit report in march of 2008 due the seven year l

I would like to know if there is a sample letter that i can use to contact the credit bureaus to remove them. One is from an apartment complex.

I have two iitems that are due to come off of my credit report in march of 2008 due the seven year limit.?

Actually the removal is 7 years plus 180 days after the date of delinquency.

It should come off automatically but sometimes you do have to remind them.

I have two iitems that are due to come off of my credit report in march of 2008 due the seven year limit.?

Be sure that the DLA dates (Date of Last Activity) are accurate. The CRAs generally remove the items during the three months prior to the seven year mark.

If the account(s) has/have been re-aged, meaning a collection agency is showing a different DLA date, then you will have to pursue them to get the reported dates corrected.

I would send a letter to the CRAs now, just mentioning that you believe the accounts in question are more than seven years in age, and ask them to verify the accounts with whomever is reporting them. If they cannot verify that the accounts are newer than that, then they must remove them, generally, within 30 days.

You don%26#039;t need to write a fancy letter. Just include your name, address, date of birth, and social security number, along with the reporting party%26#039;s name and account number of each account you would like removed, and the reason that they should be removed (too old).

Keep it simple. Simple letters are often more effective than complex diatribes (like this one). :-)

Good luck!

I have two iitems that are due to come off of my credit report in march of 2008 due the seven year limit.?

The credit bureaus keep your personal credit history for periods between 7 and 10 years:

Unpaid Tax Lien - Indefinitely

Chapter 7 Bankruptcies - 10 years from date filed.

Public Records - 7 years from the date of payment;

Closed or Inactive Accounts - 10 years from the date of last activity;

Derogatory Accounts - 7 years from the date of original delinquency;

As of December 29, 1997 the reporting period runs 7 陆 years (7 years plus 180 days) from the date (month and year) of the last delinquency (known as %26quot;last missed payment:).

So, regardless of how long a creditor waits to charge off, sell or transfer a debt, they must report the true and correct %26quot;delinquent or last missed payment%26quot; date (month and year) that preceded the creditor%26#039;s action.

Check your credit reports, they will list the date that the entry is scheduled to be removed. Keep an eye on your reports. If they fail to remove them (which does happen on occasion) then notify the CRA.

Some creditors will re-date a debt to keep it on ones credit report, this is ILLEGAL as per 15USC1681s-2] 搂 623. Responsibilities of furnishers of information to consumer reporting agencies

Watch for re-dating of those debts.

I invite you to join the following Yahoo group %26quot;DontGetRippedOff%26quot; dedicated to helping those in financial trouble, Here you will find information to help you with debt collection agencies.

http://finance.groups.yahoo.com/group/do...

I have two iitems that are due to come off of my credit report in march of 2008 due the seven year limit.?

Probably best to do some homework about your confusing area.Here is a great start point.http://creditreport.online-helper.info/1...

I have two iitems that are due to come off of my credit report in march of 2008 due the seven year limit.?

Often the items will automatically %26quot;fall off%26quot; after the seven years. IF not you can either use the agencies online dispute option or go to www.myfico.com or even www.hillsidelending.com to get sample letters. Good luck.

Where and when did the Credit Bureaus start and by whos authority?

I am wondering if our privacy can become any more in danger and just who gave these bureaus the right to invade our privacy any way?

Where and when did the Credit Bureaus start and by whos authority?

Credit bureaus have been around for quite a while. When they first started decades ago people would actually snoop around and ask your neighbors about your behavior. The meaning of credit is based on your %26quot;character and behavior.%26quot; Nowadays there are 3 main credit bureaus which are Experian, Transunion and Equifax (some regions it could be called by it%26#039;s subsidiary). They are NOT owned by the government in any way, only government regulated. These bureaus collect information from creditors and see how your spending behavior is based on credit that you have received. Based on that they use a special algerythym to calculate a score for you. Which is your credit score. That is why when you are young you have a low credit score b/c you do not have much to base things on. Financial institutions will %26quot;judge%26quot; you based on these numbers and deem if you are able to pay them back. The only main thing there are nowadays is the FCRA to protect you.

Where and when did the Credit Bureaus start and by whos authority?

Please refer to page 9 of these working papers to get the real deal behind the start of credit bureaus.

Enjoy.

10 pts please!

Where and when did the Credit Bureaus start and by whos authority?

A credit bureau is a cooperative put in place by creditors as a central resource of credit information from potential debtors. creditors contribute to it for the benefit of other creditors. Privacy is not invaded at all, as you give them permission to review and report to your credit file when you apply for and accept credit. Read the fine print.

What's the difference between fico score and the credit score.?

I had recently checked my credit score with 3 credit bureaus i had a low score from equifax, medium score on trans union and a high score on experian. and my fico score was high as well. JUst curious to find out why they are not even. The differnce between my equifax and experian was close to about 100 points! what can i do tochange this.. remeber that I%26#039;ve been paying bills as well as making cc payments on time, including paying over the minimum requirement. anyone have an answer !

What%26#039;s the difference between fico score and the credit score.?

A FICO score is your credit score, however not all credit scores are FICO scores. The 3 main credit bureaus each have their own credit scoring systems, as well as a FICO competitor called Vantage.

The FICO score is the only one that matters so far. When you go to buy a house, they are only checking FICO scores, not the other ones. If they offer to sell you your credit score, and it%26#039;s not FICO, don%26#039;t buy it, because it%26#039;s worthless.

There is typically some variation in the credit reports from each agency. Some have accounts not in others, some have errors, etc. Check each report and make sure everything is 100% accurate. Dispute any error, even tiny ones like your address. Once everything is 100% accurate, then get your FICO scores again. There still will be some variation, but usually far less than 100 points.

What%26#039;s the difference between fico score and the credit score.?

In my understanding, the credit score is the score each individual credit bureau gives you. The FICO is the entire credit report, including debt to income ratio, etc. The FICO is the important one. Keep doing what you are doing and it should catch up, but still request your reports to check for errors.

What%26#039;s the difference between fico score and the credit score.?

They are all just different companies. They have different info and they calculate differently. If you are planning to make a purchase, and the company you are buying through says anything, just tell them to pull another report from someone else. Usually they can and will

What%26#039;s the difference between fico score and the credit score.?

all your info does not go to all credit bereaus some buisnesses(credit cards etc.) use one of the three. you should always go with trans union they should have all your info on it from the other two credit bereaus.

What%26#039;s the difference between fico score and the credit score.?

One way to make your score go up is to have credit cards with no or low balances. If you pay off a credit card, you should leave the card open and not use it if you want your score to go up.

What%26#039;s the difference between fico score and the credit score.?

FICO is all three added together then divided by 3.

What%26#039;s the difference between fico score and the credit score.?

I once experienced something like this. My TransUnion score was much lower than the others. I ordered credit reports from all three bureaus and compared the info. - and lo and behold, my TransUnion report had some errors. I corrected them, and then it was fine.

Considering the big score difference, maybe this is what%26#039;s happened to you as well?

The three scores vary, but usually not by that much.

Can medical bills that are seriously past due allowed to affect your credit score?

I had just started a new job about 2 years ago and had to have emergency surgery to remove my gallbladder. I hadn%26#039;t completed the 90-day waiting period to receive my health care benefits. I had to have it done! It has racked up over $10,000 for the anesthesia, hospital stay, meds...etc. It is now appearing on my credit score and affecting me badly...I can%26#039;t buy a home or get a good rate on my auto loan...nothing. All I want to know is that if these collection agencies are allowed to put this on my credit score because it is something that I had no control over...IT HAD TO BE DONE. I am trying little by little to pay it down but overall they are considered negative accounts. Can I dispute this with the credit bureaus?? Anyone with any insight please help!

Can medical bills that are seriously past due allowed to affect your credit score?

You should visit the hospital and talk to the Billing Dept. Mgr. Explain your situation and ask for help:

1) A reduction in the total bill.

2) A new agreement that you will actually be able to meet for payment terms over a period of time that will fit within your budget. Do not agree to payments that you can%26#039;t keep up with.

3) Agreement that they will contact the credit reporting agency and advise them that you have negotiated new payment terms and requesting they delete the negative information. (They might not be willing to do this until you have had a few months of on-time payments. However, this would eventually improve your credit standing.)

4) If the Billing Dept. Mgr. will not cooperate, keep going up the chain of command until you get someone who will. Don%26#039;t give up. Hospitals can use discretion in these matters of public assistance. Note: It will not help to go to the credit reporting agency. They only report the facts.

Can medical bills that are seriously past due allowed to affect your credit score?

The collection agencies or the hospital, whatever, have every right to list that on your credit report. They don%26#039;t care how or why it happened. All they care about is that you pay them and pay them now.

Can medical bills that are seriously past due allowed to affect your credit score?

Credit reporting companies don%26#039;t care at all why you are late..thet just report that you are.

Can medical bills that are seriously past due allowed to affect your credit score?

Some hospitals have a program to help with medical bills before they get out of hand ,sometimes they have a few beds reserved for these situations (but you probably are to far gone for this benefit) it may help if you add a note to your credit report explaining your situation, keep making your payments on time and some credit granters will take this into consideration.....

Can medical bills that are seriously past due allowed to affect your credit score?

You need to apply for county or state assistance and prove indigency. If you cannot and are able to pay then it must be paid. You will be treated as someone who is neglecting paying the bill.

What you must do, if you cannot prove indigency, is contact the hospital and arrange a reasonable payment plan. It is important that you get the terms in writing and also have them agree to report your %26#039;on-time%26#039; payments to the credit bureau so that it can have a positive impact on your credit score.

Have all agreements sent to you in writing so you can have proof if needed in the future.

Can medical bills that are seriously past due allowed to affect your credit score?

Sorry to hear about your situation. The first thing to know is that if it is on your credit report, it is there for 7 years and no matter what you do, it will stay there.

The second thing is that every time you make a payment, the 7 years starts all over.

Call the hospital and see if they will agree to remove the collection and negative entry from all three credit bureaus in exchange for a payment plan. If so get the agreement in writing.

If not, leave the debt alone and stop making payments. (Everytime you make a payment the 7 year cycle starts again, so you are continuing to hurt your credit score.) The negative entry will age and the negative effects on the credit score will start to go away after a couple of years.

Can medical bills that are seriously past due allowed to affect your credit score?

They usually overlook medical accounts for FHA loans. I recommend Smart Choice Mortgage. They do business in most states and are your best opportunity for someone to say yes. Check out the free evaluation form at the source website and a Smart Choice loan officer will contact you within 24 hours. Good luck.

What are the credit bureaus to know what your credit score is and which one is the correct one?

All 3 credit bureaus use different credit scoring models. Many lenders utilize the middle credit score. Some lenders use a specific credit score for qualifying borrowers. There is not one correct one as they are all calculated differently. Not all creditors report to all 3 credit bureaus and this is one reason for the different scores as well. Read the credit blog below for more information on credit and credit scoring

What are the credit bureaus to know what your credit score is and which one is the correct one?

All three of them. different creditors use different ones.

What are the credit bureaus to know what your credit score is and which one is the correct one?

The US Government has mandated that the three major credit bureaus offer the service to everyone in the United States once each year. The name of this site is www.annualcreditreport.com.

Since it is government mandated it requires a whole host of hoops to jump through. You do not actually get your credit scores, and it can take 7-10 days to receive the information. All in all not very consumer friendly. Guess that is what happens when a big company is required to do something they do not want to do.

Here is how I got my Credit Report and Score from all 3 bureaus for free.

I went to http://faqfaq.net/FreeCreditReport.html and signed up for their service.

It took like 3 minutes! They give you 7 Days for Free to try the service.

So I just canceled the next day after printing out everything I needed.

Easy and Free.

Collection Account Transferred/Sold - can it be deleted from credit report?

A company I%26#039;ll call CA1 has my account listed as %26quot;account transferred/sold, charge off%26quot; on my credit report. I called CA1 to request info on this account and was told that it had been sold and to whom. I them called the new company, CA2, and after receiving an agreement in writing that they would not report, paid them off in full.

Since CA1 no longer owns this account, does this *have* to be deleted when I send in my request to the credit bureaus?

Everywhere I%26#039;ve looked for info this particular area seems vague, any help would be appreciated.

Collection Account Transferred/Sold - can it be deleted from credit report?

I%26#039;m guessing who you are calling CA1 is the original creditor and CA2 is the collection agency - since two collection agencies cannot legally report the same account at the same time.

Like the first poster stated, the original creditor has the right to keep reporting for the full 7 years. (but not from last activity, it would be 7 years from the first time you became 30 days late and never brought the account current leading to the charge off)

BUT, if both the original creditor and the collection agency are reporting, the original creditor MUST show a zero balance.

If the collection agency is still reporting and the original creditor is showing a balance, send a dispute to the credit reporting agencies on the original creditor.

If the original creditor is reporting any other inaccuracies, you have the legal right to dispute those also.

You might click on my profile and use the link I%26#039;ve provided for the FCRA and do some reading.

Good for you in requesting a pay for delete with the collection agency - and getting it in writing !!!!

edit++++++

Your account really got around didn%26#039;t it, lol

As long as the second and third CA1 are not legally known as collection agencies and the only one to actually charge off the account was the third CA1, then they would all be considered original creditors.

If that is so, then %26quot;all%26quot; of the CA1%26#039;s can legally have tradelines on your credit reports (as long as %26quot;everything%26quot; they report is reported correctly).

If the second or third CA1 purchased/was assigned the account %26quot;after%26quot; a charge off (or one or both are legally know as a collection agency) that would make one or both of them collection agencies, not original creditor(s)

If that is so, then one or both of them cannot legally have tradelines on your reports at the same time as the CA2 collection agency.

(hope this isn%26#039;t to confusing)

Collection Account Transferred/Sold - can it be deleted from credit report?

No it will remain on your report for 7 years from the date of last activity on your account, that is a payment or charge. The company did charge it off so it is a valid reporting and can not be removed.

When CA1 charged it off they leagally no longer owns the account and you have a 0 balance with them so there is nothing to report as paid on full on. However, once you pay off the collection account it should be noted as such for CA2. Sometimes it is possible to talk to CA1 and have them remove the negative remarks, but that is really rare and they probably will not do it for you.

Collection Account Transferred/Sold - can it be deleted from credit report?

this is a trick they try that is common... and illegal. check these links that will explain what to do as well as provides a sample letter to send.

1) run a free credit report from each agency (your allowed one free one per year, per agency). you need to know, so you need to get them.

2) if ID Theft has occured, you need to make a police report first. the rest of what you need to do, is listed in the links below (with GREAT info too).

3) some states allow you to %26#039;lock%26#039; or %26#039;freeze%26#039; credit reports; to protect against theft. if your state allows it, lock %26#039;em down. that way, no one can open an account on them.

4) once you discover their credit reports have activity on them, then contact each credit reporting agency (the 3 major ones) and report the ID Theft... and request the lock on the reports (usually they automatically do it, but ask for it anyway).

ID THEFT HELP/ INFO

http://www.idtheftcenter.org/index.shtml

http://www.ftc.gov/bcp/edu/microsites/id...

http://www.ftc.gov/bcp/conline/edcams/cr...

http://www.fraudguides.com/consumer-iden...

http://www.ripoffreport.com/

http://www.fightidentitytheft.com/

http://www.ncpc.org/media/current.php

https://rn.ftc.gov/pls/dod/widtpubl$.sta...

http://www.myidfix.com/

CREDIT REPORT INFO / REPAIRS

http://www.kiplinger.com/columns/startin...

http://www.bankrate.com/brm/news/cc/2004...

https://www.annualcreditreport.com/cra/h...

http://www.bankrate.com/brm/news/forms/c...

http://www.bankrate.com/brm/news/bankrup...

http://www.bankrate.com/brm/news/forms/c...

http://bankrate.com/

TO ORDER A FREE CREDIT REPORT

(all three are free once a year)

NEW LAW: FREEZE YOUR

CREDIT REPORT (NJ)!!

(state.nj.us/dobi/creditfreeze.htm)

Equifax

P.O. Box 740241

Atlanta, GA 30374

www.equifax.com

1-800-685-1111

_______________

Experian

P.O. Box 19719

Irvine, CA 92623

www.experian.com

1-888-397-3742

_______________

TransUnion

P.O. Box 2000

Chester, PA 19022

www.transunion.com

1-800-916-8800

What will happen if I get a judgement against me for my credit card debt? (Location: CA)?

I have about $30,000 in unsecured debt that I accrued during college (credit cards, loans...). Now I%26#039;m working overseas and don%26#039;t make nearly enough to pay minimum payments. So I%26#039;ve let everything slide for 6 months (not proud of it). Recently my relatives have been getting calls from collection agencies looking for me. I don%26#039;t plan to return to the US for at least another 7 years, which is the time delinquencies are reported to the credit bureaus, so I%26#039;m not too concerned about my credit score. But I am concerned about my relatives being bothered by their attempts to locate me, since they don%26#039;t know about my debt. What would happen if they decide to sue me? How likely is it that they%26#039;ll sue me if I have no personal asset of any value, no employment (that they know of), and they can%26#039;t find me? How would they serve me with the lawsuit? I don%26#039;t wanna seem totally irresponsible, but I can%26#039;t possibly repay the amount (even in monthly payments) in my current situation.

What will happen if I get a judgement against me for my credit card debt? (Location: CA)?

Your credit is screwed for about 7 years until the record is expunged from your credit history. During those 7 years, no bank or creditor will finance you and your ability to secure any loans or credit cards will be gone. If you file for bankruptcy, the record stays for 10 years. If the creditors serve you with a court order and you decide to leave the country instead of answering the court order, they can get a warrant for your arrest, which means that as soon as you decide to come back to the USA, you will have federal marshalls waiting to arrest and extradite you to the state in which you are being sued. Think about what you are doing and if you are willing to become a fugitive. You cannot simply run away from being sued, because the courts will find you and issue summary judgement against you, and most likely will arrest you for failing to respond to the court order.

What will happen if I get a judgement against me for my credit card debt? (Location: CA)?

Excuse me, but running from a civil lawsuit is NOT a criminal act. All that happens is, the court presses a judgment against you %26quot;by default%26quot;. But from the sounds of it, if you showed up in court you%26#039;d probably still get a judgment against you anyway. Report It

What will happen if I get a judgement against me for my credit card debt? (Location: CA)?

Jail time.

What will happen if I get a judgement against me for my credit card debt? (Location: CA)?

Well actually that is a myth about the 7 years. It will follow much longer than that, because once the original creditor gives up on trying to collect a debt it is then sold to another collection company whom then starts the cycle all over again. Here is the good news for you...Since it was unsecured debt you might have a chance. I would suggest to contact Lonnie at l.burgen@rmcninc.com Let him know that David B referred you but just talk with him and he could probably help and make it go away and save your credit too... Good Luck...

What will happen if I get a judgement against me for my credit card debt? (Location: CA)?

They really can not do much. Tell your relatives to say you move to California and they never hear from you and if they keep calling they will turn them into the FBI for un-due harassment. Make sure they get the name and phone number of those calling and the time. If they call back, turn them in and sue them for mental duress. That help your relatives make some extra cash. In time the Credit Card Company will write it off as a loss as they do the Millions in Credit Card Fraud when cards are stolen. True, your credit be screwed, but, credit just a scam that plays on the Ego of people and those who want it now and then be too broke to have any more.

What will happen if I get a judgement against me for my credit card debt? (Location: CA)?

If they can%26#039;t find you or your income stream you are CLEAN; the judgement expires in 7 years.

If none of your family co-signed and you are an adult then it could be considered HARRASSMENT!

The initial loaner sold your debt to a bottom feeder, also know as factoring, for maybe a dime or less on the dollar. If they collect the FULL amount they are looking at $27K pure profit and they are NOT going to vanish easily.

There is some collection person chasing a $2.7K commission and the bosses are PUSHING. They will probably push it to a judgement and you just no show.

Now here is the BAD PART! If you were under legal age when you incurred the debt they MAY be able to go after your parents successfully and file a judgement agaist THEM, THAT WOULD SUCK POND WATER BIG TIME! If that happens do NOT come HOME because your parents and family are going to be PISSED!

Little lecture...you got the education, playing where ever you are playing and left DEBT that your FAMILY may have to assume on your behalf.

Just THINK!

Happy Holidays,

J

What will happen if I get a judgement against me for my credit card debt? (Location: CA)?

Depends on who is your creditors, how much for each and, how agressive they are.

Some creditors will write it off if they can%26#039;t find you for sometime. That will stay for 7 years.

Some will go to court. If the court can%26#039;t find you but, you have somekind of value(bank account, employment), they will garnish that.

Some will sell it to the other agency. This will be long before they give up(if ever).

As for your parents, they can simply ask for the name and business that is calling you. Then ask that they never call again.

It%26#039;s the law, they have to stop calling if they%26#039;re asked to stop(you, yourself can even tell them to stop). Once you tell them to stop calling, they will have to use other means to get to the debt.

What will happen if I get a judgement against me for my credit card debt? (Location: CA)?

I dont own anything..rent a house..have a car that is paid for and I had ajudgement against me for $1000

go to www.moneymanagement.org they can help answer your question accurately.

What will happen if I get a judgement against me for my credit card debt? (Location: CA)?

If they sue you and obtain a judgment, you need to understand that California judgments are good for 10 years and can be renewed indefinitely. They also accrue 10% interest. If you have bank accounts or other property hear, a judgment creditor could go after it. In they do file a lawsuit and get a judgment, the amount due on the judgment would double to $60,000 after 7 years.

On the other hand, the creditor may do nothing. If they do not file a lawsuit with 4 years after your last payment, the claim is time barred.

What is the best card to apply for so I can build credit?

I am new to Yahoo answers.

This is my first question.

I have bad credit and need a card or several that reports to the credit bureaus.

Can you please send me a link to a place I can apply for a really good card that will help build my credit?

What is the best card to apply for so I can build credit?

http://www.secumd.org

SECU has a 12.9% secured, NO ANNUAL FEE credit card which requires a minimum deposit of $300 into a share savings account. If you have relatives who are members of SECU - you can become a member and take advantage of this opportunity. Good luck.

What is the best card to apply for so I can build credit?

American Xpress

What is the best card to apply for so I can build credit?

The first rule of holes -- if you%26#039;re digging yourself into a deep hole, STOP DIGGING (and throw out the shovel).

If you have bad credit then you will get cards that charge 20+% for the card, and 33% the first time you are a few minutes late with your payment (I%26#039;m not making that up -- a few minutes!!).

You will build your credit by paying off all of those bills on your credit history.

Finally -- Dave Ramsey is your friend. Get his book, read it, and then decide how to handle your money.

PS - I am not associated with DR in any way, I just know he has good stuff.

What is the best card to apply for so I can build credit?

Firstly clear any debts that remain. Then make a purchase on a one of those 12 months to pay plans and make the payments in full in that time. At least you will have a lounge to sit in or a refrigerator to show for it. Usually this will lead to good credit with a lender - then you can move onto a card.

What is the best card to apply for so I can build credit?

A secured card from a major company, such as Visa, MasterCard, AMEX, and Discover will work.

How can i damage my tenants credit rating of he hasn't paid rent?

He hasn%26#039;t paid in 2 months and I would like to know if there is anything I can do to the credit bureaus?

How can i damage my tenants credit rating of he hasn%26#039;t paid rent?

AFTER you start the legal clock - by giving your Tenant a 3 or 5 Day Notice to Quit or Pay rent.....you then can get the ball rolling (very quickly) for an eviction hearing.....Once you receive a Judgment.....includes amounts due plus court costs......Make sure you provide the court the tenant%26#039;s social security number....

Take the original Judgment to your County Recorder%26#039;s Office....Once recorded, the next time a credit bureau does a hard pull, your judgment will be added as a creditor to their credit report.

Depending on your state, you can then send a demand letter for full payment of the judgment and when they don%26#039;t pay, you get to garnish their wages!!!!! some states prohibit this, others allow it.

google your state and landlord/tenant laws.

How can i damage my tenants credit rating of he hasn%26#039;t paid rent?

File for a judgment, turn the judgment over to an atty. or a collection agency.

Simple rent and possession claim if the tenant is still in the unit. if not, small claims court.

In most states you must get them served with the subpoena to appear in court to get a judgment for money. You can get an eviction in most with a simple posting of the subpoena or notice to appear.

How can i damage my tenants credit rating of he hasn%26#039;t paid rent?

You can report it, just find the housing department in your area and they should be able to put you in the right direction. 1st step though is not allowing it, over 30 days late with us and they are served with a demand for possession letter (pick up at your local courts) and go after Non-payment of rent. At the 2 month mark you should be rid of them and on to suing for past rent and damages. NOTE EVERYTHING! Photos are a god-send!

How can i damage my tenants credit rating of he hasn%26#039;t paid rent?

Turn it over to a collection%26#039;s agency or evict him.

How can i damage my tenants credit rating of he hasn%26#039;t paid rent?

not at the bureau level. your nobody to them, but you can put a judgement against him and that will screw up his credit and is a pain in the a** to fix.

How can i damage my tenants credit rating of he hasn%26#039;t paid rent?

Getting back at them is a temptation that you probably shouldn%26#039;t waste your time on. If you go to small claims court and get a judgement against them for the unpaid rent, that will show up on their credit report. Judgements typically have to be paid before they would be approved to finance nearly anything. In the meantime, evict them and learn from the experience.

How can i damage my tenants credit rating of he hasn%26#039;t paid rent?

You should start eviction procedures now. This takes forever.

How long does it take for credit bureaus to raise your score?

Say you went from having moderate debt to paying it off.. how long could it take before seeing a dramatic increase in your score?

How long does it take for credit bureaus to raise your score?

It is actually not that simple. For Example the FICO Score is made up of the following.

35% - Payment History

30% - Balances Owed

15% - Length of Credit History

10% - Types of Credit

10% - New Credit

As you can see your score is made up of many factors. So it is impossible to tell if you will even see a %26quot;dramatic%26quot; increase in your score. You may see a rise but due to the other factors it may be very minimal, or it may be a big increase.

As to when it will change. Your score is based on your current report. So anytime your report changes your score will change. Most creditors who report, will report once a month. So you should see your new score within about a month.

How long does it take for credit bureaus to raise your score?

anywhere from 1 month to 4 months. it depends on how soon your card/account reports your balance to the credit agency.

How long does it take for credit bureaus to raise your score?

Creditors are required to report changes/payments to the major repositories by the 3rd of each month. Unfortunately this does not always happen.

Various factors determine how fast your credit score will rise. I%26#039;ve seen customers who were 2 months late on a student loan bring it current and their score goes up almost 50 points.

One of the biggest items that hurts your credit is high balances on credit cards. Try to keep them at 30% of the high balance.

Say you have 3 open credit cards which are all at their high balance and you get some money and are able to pay these cards down to a 0 balance. I%26#039;ve seen this raise credit scores by 60 points. Open tradelines are great for your credit. You just don%26#039;t want to max them out.

I%26#039;m a Loan Officer and have worked with many customers on raising their credit score.

The formula that calculates the FICO is locked up tighter than Fort Knox. No one knows it. The best thing everyone can do for each other is share what they found helps raise their FICO through personal experience.

What can I do about a bank executive that put me into a line of credit w/out my consent/knowledge?

I have two banks. In writing a check, I mistakenly grabbed the wrong check book and bounced a check (1st bad check in 14 years).

I immediately called the bank and spoke with a sales executive. He advised me to sign up for check protection so that this wouldn%26#039;t happen again. Nothing else was discussed, no papers signed, nothing sent to me in writing.

I thought this was a gratuity by the bank for being a loyal customer, so I said ok; I had no idea this was actually a line of credit with finance charges, interest, and my personal credit report accessed (which lowers your credit score).

I didn%26#039;t catch it on the first statement as I travel extensively, but I did catch it on the second statement. I called the bank. They refused to help me when I asked for a letter of deletion for the credit bureaus. I stated that there was no disclosure of any loan.

I took this up the chain of command. I feel that since there was no disclosure, this is illegal, and the bank refuses to help .

What can I do about a bank executive that put me into a line of credit w/out my consent/knowledge?

Sorry, but ONE hard inquiry does not lower your credit score

What can I do about a bank executive that put me into a line of credit w/out my consent/knowledge?

According to the representative at TransUnion, ONE hard inquiry does lower a person%26#039;s score, and, it stays on a person%26#039;s inquiry list for two years. Report It

What can I do about a bank executive that put me into a line of credit w/out my consent/knowledge?

If you did in fact agree to it it is completely legal, but you still should have received disclosures about the service and it should have been explained better. Generally the bank would require your signature for a line of credit, unless it is a credit card. Also when anyone pulls your credit it only affects your score by fractions of a point.

What do credit bureaus do??

please help

What do credit bureaus do??

They%26#039;re like a data bank that stores credit information. They are not credit granters. Your lenders report your credit history to them so that other companies can see how you treat credit. The bureaus only hold the info and release it.

What do credit bureaus do??

Ask questions...

What do credit bureaus do??

issue credit to people.

What do credit bureaus do??

They accumulate reports from credit vendors as to your payment history. When you want to open a new line of credit, the vendor can check with the credit bureau to see how well you pay your bills, and if you%26#039;ve been sloppy, you will either have to pay more for credit or may not get it at all. It%26#039;s a way of quantizing risk.

What do credit bureaus do??

read at www.transunion.com

What do credit bureaus do??

They collect and store people%26#039;s credit information and calculate your credit score based on a formula. Then when you apply for credit, companies ask them about you and they provide that stored information to them so the company can determine if you are reliable or if you are risky.

What do credit bureaus do??

There are 3 major credit bureaus...

Equifax: 1-800-525-6285; www.equifax.com; P.O. Box 740241, Atlanta, GA 30374-0241

Experian: (Formerly TRW Credit Bureau) 1-888-EXPERIAN (397-3742); www.experian.com; P.O. Box 9532, Allen, TX 75013

TransUnion: 1-800-680-7289; www.transunion.com; Fraud Victim Assistance Division, P.O. Box 6790, Fullerton, CA 92834-6790

Credit bureaus, also known as credit reporting agencies (CRAs), collect this information from merchants, lenders, landlords, etc., and then sell the report to businesses so they can evaluate your application for credit. In other words, they collect information from as many consumer financial transactions or inquiries as they can. Lenders make their decisions based on different criteria, so having all of the information helps them ensure that they are making the right decision.

A credit score is a number that is calculated based on your credit history to give lenders a simpler %26quot;lend/don%26#039;t lend%26quot; answer for people who are applying for credit or loans. This number helps the lender identify the level of risk they may be taking if they lend to someone. While the same end result can come through reviewing the actual credit report (which lenders usually do), the credit score is quicker and less subjective. The system awards points based on information in the credit report, and the resulting score is compared to that of other consumers with similar profiles. With this information, lenders can predict how likely someone is to repay a loan and make payments on time. It%26#039;s the credit score that makes it possible to get instant credit at places like electronics stores and department stores.

Credit Bureaus then sell access to that combined information to anyone who has a legally-recognized reason (permissible purpose).

In case you didn%26#039;t know it, one permissible purpose is to sell your information to companies looking to send out credit or other offers. It works like this:

A major credit card company, let%26#039;s say American Express, wants to promote a new credit card. They contact the credit bureaus and deliver a profile of the kind of person they think will be interested in the new card. The profile might include things like personal income, region or state the person lives in, number of credit cards, credit score, etc. The credit bureau then searches through their records looking for anyone that matches that profile. If you fit the profile, an offer is mailed to you or someone calls you on the phone at dinner time. It%26#039;s one of the ways the credit bureaus make money.

Accessing Your Score

Until recently, your credit score was not available to you. Only lenders and other businesses that used the score could access it. Fair Isaac and Company felt that the score would only confuse consumers since there was nothing to tell them what it meant or what the lenders were looking for.

In 2001, however, all of this changed due to pressure from the U.S. Congress, industry, and consumer groups. Now you can get your credit score at a number of Web sites, including the big three credit bureaus, and at Fair Isaac%26#039;s Web site. You can also ask your lender for access to your score when you apply for a loan.

The Credit Bureaus will try and charge you for the credit report or credit score. The only way to get access to this information for free or as close to free as you can get is by US mail (you will pay postage). If you apply for credit somewhere and you fail to get credit. You will be sent a rejection letter of your failure to receive credit from most likely a sub -contracted company that looked into your credit history. This rejection letter tells you nothing but that you failed to receive credit through the lender because of your credit history. You will then have to contact one of the 3 major credit companies by mail sending them the rejection letter and a letter of your own included with it requesting an explanation of why you were not approved. Then they should send you your credit report or they will be in contact with you to verify your information. I would also request that they provide you with your credit score. They will not give it to you if you don%26#039;t request it. They may even try to charge you for your credit score.

Think of your credit score like you would a grade in school. A teacher calculates grades by taking scores from tests, homework, attendance and anything else they want to use, weighting each one according to importance in order to come up with a final single number (or letter) score. Your credit score is calculated in a very similar manner. Instead of using the scores from pop quizzes and reports you wrote, it uses the information in your credit report.

The number itself can range from 300 to 900. The formula for exactly how the score is calculated is proprietary information and owned by Fair Isaac. Here, however, is an approximate breakdown of how it is determined:

* 35% of the score is based on your payment history. This makes sense since one of the primary reasons a lender wants to see the score is to find out if (and how timely) you pay your bills. The score is affected by how many bills have been paid late, how many were sent out for collection, any bankruptcies, etc. When these things happened also comes into play. The more recent, the worse it will be for your overall score.

* 30% of the score is based on outstanding debt. How much do you owe on car or home loans? How many credit cards do you have that are at their credit limits? The more cards you have at their limits, the lower your score will be. The rule of thumb is to keep your card balances at 25% or less of their limits.

* 15% of the score is based on the length of time you%26#039;ve had credit. The longer you%26#039;ve had established credit, the better it is for your overall credit score. Why? Because more information about your past payment history gives a more accurate prediction of your future actions.

* 10% of the score is based on the number of inquiries on your report. If you%26#039;ve applied for a lot of credit cards or loans, you will have a lot of inquiries on your credit report. These are bad for your score because they indicate that you may be in some kind of financial trouble or may be taking on a lot of debt (even if you haven%26#039;t used the cards or gotten the loans). The more recent these inquiries are, the worse for your credit score. FICO scores only count inquiries from the past year.

* 10% of the score is based on the types of credit you currently have. The number of loans and available credit from credit cards you have makes a difference. There is no magic number or combination of types of accounts that you shouldn%26#039;t have. These actually come more into play if there isn%26#039;t as much other information on your credit report on which to base the score.

How to remove negative items from your credit file?

how long does the credit bureaus have to verify/delete/remove items that are disputed?

How to remove negative items from your credit file?

The company reporting the negative item in dispute has 30 days to respond to the dispute.

Here is more information on credit repair...

http://www.fastlender.com/article/credit...

Good luck!

.

How to remove negative items from your credit file?

It can take years to correct your file...the best thing to do is hire one of those attorney guys/girls who deal with credit reporting agencies...I had to, to have some negative items removed.

it%26#039;s worth it...bout 30mo

How to remove negative items from your credit file?

one month if they side with you. Negative report that is your fault can stay on your credit report for 7-10 years. And I know of three major credit reporting agencies... There is experian, transunion (TRW), and equafax

How to remove negative items from your credit file?

It takes 7 years from the time it was reported to be removed from your credit report, if the information is accurate. If you have an inaccurate item on there you can request they do an investigation into the matter or request they remove it from your credit report.

How to remove negative items from your credit file?

Call Lexington Law Firm or Ovation. Do a Google.

Cleaning up your credit is simple BUT will cost you a monthly fee for about a year. $675-$1000. Total cost.

Secret LBGT Info: Did you know you get a free credit report every year?

You are entitled to a free credit report every year by each other the credit bureaus. I could not believe this. I just found out and I like you guys (and gals). So I%26#039;m giving it to you. Let the breeders find out for themselves. lol. Just kidding. Check this out.

Secret LBGT Info: Did you know you get a free credit report every year?

LOL! Thanx for looking out

Secret LBGT Info: Did you know you get a free credit report every year?

well I%26#039;d rather be liked that hated.

Secret LBGT Info: Did you know you get a free credit report every year?

Um, yeah, I did know this...my partner is in the finance industry. But I don%26#039;t see how this rates as %26quot;secret%26quot; or %26quot;LGBT%26quot; info in the slightest.

It%26#039;s not a little known fact, it%26#039;s widely known. Just watch television once in a while and you%26#039;ll see those adds about it.

Secret LBGT Info: Did you know you get a free credit report every year?

Us %26quot;breeders%26quot; already know about it. DO you work for them or something? this is old news.

Secret LBGT Info: Did you know you get a free credit report every year?

hey thanks.

it would be nice if everyone in the world was liked huh

Secret LBGT Info: Did you know you get a free credit report every year?

See it total pays to be gay, you get the good info! Now I feel like I%26#039;m on an info-mercial. Thanks for the heads up though.

Secret LBGT Info: Did you know you get a free credit report every year?

Thanks for the information!

Secret LBGT Info: Did you know you get a free credit report every year?

Hey, thanks for the info!! And thanks for liking us :) Have a lovely day.

Do I need to do anything else? Someone used my credit card information to shop at Bloomingdales.?

The credit card company called me up immediately and will delete the charges. When I get the new card, I%26#039;ll set up the automatic payments again. I did not lose the card, so I don%26#039;t know how they got my card number. Do I need to do anything else like contacting the credit bureaus? I check statements of all my accounts regularly.

Do I need to do anything else? Someone used my credit card information to shop at Bloomingdales.?

YES. Contact the credit bureaus immediately and put a flag on your report about potential fraud/identity theft, because if the person already got your credit card info, it doesn%26#039;t mean he/she won%26#039;t use other numbers or your SSN to open fraudulent accounts in your name. The flag will require anyone opening an account for you to take a second look before granting credit in case it is an imposter.

Hopefully it is just a one time thing, but if they got your info without you losing your card, then you need to suspect them of getting other info as well that they may have just not used yet.

Do I need to do anything else? Someone used my credit card information to shop at Bloomingdales.?

You need to set up a fraud alert on all three bureaus as a precaution.

You also need to file a police report on the fraud.

How do I get rid of paid debits from my credit report?

I recently paid off 2 major debits %26amp; the collection companies sent me letters saying that I have paid my debuts they told me I can send them to the 3 Credit bureaus so they can take it off my report, how do I go about doing that? Please help I want to boost up my credit score.

How do I get rid of paid debits from my credit report?

I sure wish you had visited Yahoo Answers! before you paid off your debts.

The sad story is the collection agent lied to you (gasp!).

There are only two way a negative item can be deleted from your credit report.

1) The creditor fails to respond to a dispute investigation from the credit bureau.

2) The creditor must delete it himself.

Now that the collection agent has your money, there is very little incentive for them to help you out with your credit. And filing a dispute might work, but if the creditor verifies it you are stuck again.

This is why I tell people they must get the creditor to agree IN WRITING to delete the entry from their report before you pay them a dime. Then, if they don%26#039;t do it (like they are doing to you now) you have recourse to sue them for breach of contract.

Just note that if you send the letter they sent you to the credit bureau, the only thing that will happen is they will change the status to %26quot;paid%26quot; but it will still have negative information in it about late payments, charge-offs and collections.

Try calling the collection agent and see if they will help you. If not file a dispute.

Good luck, and don%26#039;t ever believe a collection agent in the future.

How do I get rid of paid debits from my credit report?

try to dispute them

How do I get rid of paid debits from my credit report?

i would just dispute everything first

How do I get rid of paid debits from my credit report?

go to this link https://www.annualcreditreport.com/cra/i...

then click on each of the credit bureaus then click on their %26quot;contact us%26quot; tab to get the phone number call them for instructions. There are 3 credit bureaus listed.

How many credit bureaus are there some say 3 some say 4 when you apply for visa but I want all of th

There are hundreds of credit bureaus that report credit for different states. Most are sub-stations of the 3 Major Credit Bureaus:

EQUIFAX TRANS UNION EXPERIAN (formally known as TRW)

How often do creditors report to credit bureaus?

most do monthly but some still do every 3 month not as many do

How often do creditors report to credit bureaus?

Most creditors report monthly.

How often do creditors report to credit bureaus?

Most creditors create a file to send to the bureaus as part of the billing process.

How often do creditors report to credit bureaus?

Depends on the creditor. Some report monthly (very few do)

Some report bi-monthly

and some report quarterly (Once every 3 months)

Example: My mortgage company only reports quarterly

You creditors pay a fee to report your payments. That is why most don%26#039;t report on a monthly basis.

Will making on time car insurance payments electronically help my credit?

I recently got my car insurance in my own name. Once I start making on time payments will the credit bureaus see that as an account in good standing with on time payments and ulitmately raise my credit score?

Will making on time car insurance payments electronically help my credit?

Nope. As a general rule, car insurance companies don%26#039;t normally report to the credit bureaus. (Like utilities and rent payments). It will have no effect on your score.

Will making on time car insurance payments electronically help my credit?

paying any bills on time will help your credit.

Will making on time car insurance payments electronically help my credit?

Insurance payments will not help or hurt your credit unless you default and they report you to the credit agencies. Insurance payments do not show up on your credit report.

Will making on time car insurance payments electronically help my credit?

It wont help you, they only report to the credit agencies if you default or are late.

Does Prosper.com report to the credit bureaus?

Yep, they definitely do. It%26#039;s how they keep the system working, by checking credit reports and reporting to them as well.

When do lenders send reports to credit bureaus?

I know they report monthly, but is it typically at the end of the month, at the close of your statements, or some other time?

When do lenders send reports to credit bureaus?

At different times. Some at the beginning and some at the end and maybe a few in the middle.

How many credit bureaus are there?

I Heard that there is only 2 now is that true ? Like someone merged together or something is that true ?

How many credit bureaus are there?

There are actually FOUR major credit bureaus in the US but the vast majority of Americans only know the top three. They are Equifax (www.equifax.com), Transunion (www.transunion.com) and Experian (this company was formerly called TRW..www.experian.com). The fourth and most used by government agencies and large corporations is called Innovis (www.innovis.com). They are so secretive that the only information they have posted on their website states that if you wish to receive a copy of your credit file from them YOU have to send them proof that you are who you say you are. They are not even listed on www.annualcreditreport.com! The good news is that when requested, with proper documentation, they will comply with your request and send you your file.

How many credit bureaus are there?

In the usa three main ones. Equifax, Trans Union, and TRW

How many credit bureaus are there?

Transunion Equifax and Experian. Thats it there are no more

How many credit bureaus are there?

The main ones I%26#039;ve heard of are Equifax (800) 685-1111, TransUnion (800) 888-4213 and Experian (888) 397-3742

I work in a law office

How long does it take for a deliquency to show up on your credit report filed by an apartment comple

I had a fallout with the company I was leasing my apartment from.. they wanted to charge me $1400.00 in cleaning fees and I told them I was not going to pay.. because they exagerrated the damages. They told me that if I did not, that this would go on my credit report. This happend at the end of August 2005.

I have not been contacted at my new address or received any mail from them, this may be due to the fact I did not give them my new information. But since they can go through the credit bureaus and contact them.. I%26#039;m sure they can get my new information. But still have received nothing from them.

I have not yet seen any negatives/delinquencies etc.. on my credit report and it is still in great standing. Should I be out of the clear since it is almost 6 months later now. Any information reguarding this would be great.

I will follow up to any questions to help better the answer.

How long does it take for a deliquency to show up on your credit report filed by an apartment complex?

It is not very common for apartment complexes to report to the bureaus although not impossible. More than likely it will not come as the apartment complex itself but rather a possibility they will send it to collections (if it comes). 6 months is still pretty fresh. Keep your eye out for unknown collection activity in the future. I hope you have documentation to support your claim.

How long does it take for a deliquency to show up on your credit report filed by an apartment complex?

Don%26#039;t worry about it, their hoping you are stupid enough to pay this amount for damages if there like you say were exadurated, they are trying to gain money on some other loss

How do I submit information to a credit reporting agency?

If I am a creditor (providing financing to someone who buys my house), how do I report their timely (or untimely) mortgage payments each month to the three credit bureaus?

How do I submit information to a credit reporting agency?

Call them at

1. Equifax 1-800-685-1111

2. Experian 1-888-397-3742

3. Transunion 1-800-916-8800

They will be happy to help you.

How do I submit information to a credit reporting agency?

You can call or email the following

Equifax 1-800-685-1111 www.equifax.com

Experian 1-888-397-3742 www.experian.com

Transunion 1-800-916-8800 www.transunion.com

you may only erase 3 per year

All reports are Free once a year!

Should the credit bureaus be consolidated into one national database overseen by the government?

The three do a horrible job of fixing errors none of the three reports are ever the same. With the amount of power they have over our lives shouldn%26#039;t they be more accountable or centralized. If not why?

Should the credit bureaus be consolidated into one national database overseen by the government?

No! Regulated more and heavily penalized for non compliance, but the last thing we need is more government!

Should the credit bureaus be consolidated into one national database overseen by the government?

Have you noticed most governmental bureaucracy lately ? Yeah, they have it all together. Although I agree with your position on the problemswith credit-reporting companies,

handing it over to the government is a bad idea. The Federal

Government is far too large already.

:-(

Should the credit bureaus be consolidated into one national database overseen by the government?

Fix the reporting companies?

yes

hand it to the government to do?

heck no...

what exactly has the government actually %26quot;fixed%26quot; successfully?

And they couldn%26#039;t fix things either.. ever try to deal with the IRS when they screw up? (mothers an income tax consultant, so I see it all the time)

But yes.. I do think that they need to get together and come up with some way to streamline things...

Do I have the right to withhold my credit report contingent on preliminary acceptance?

I don%26#039;t want perspective employers to dig into my report and lower my scores simply because they can with little or no interest in hiring. Is there anything anywhere that upholds my right to privacy until such time as the interview process is complete (contingent on the OK from the credit bureaus)?

Do I have the right to withhold my credit report contingent on preliminary acceptance?

I don%26#039;t know why an employer would bother to check your credit unless they were prepared to offer you a job.

You have the right to refuse the job if the employer wants to run a credit check.

Do I have the right to withhold my credit report contingent on preliminary acceptance?

Inquiries from employers are not scored.

Stop obsessing over your credit, it%26#039;s not that sacred. Save your money, pay cash and don%26#039;t worry about getting some 10K limit on a VISA (HINT: you have to pay these things, you see)

Do I have the right to withhold my credit report contingent on preliminary acceptance?

Employers cannot look at applicant%26#039;s credit report any time they want. They must have your written consent first.

And I doubt the company is going to consider hiring you if you%26#039;re unwilling to disclose your financial condition until they let you know they%26#039;re seriously considering you as a candidate or after you%26#039;re hired. Especially, if your potential job is handling money.

Do I have the right to withhold my credit report contingent on preliminary acceptance?

I don%26#039;t believe that the background checks that an employer performs on your credit report will affect your credit score.

Does anybody know where to go for legal counsel regarding unfair credit reporting in NJ?

I have been fighting BOA since 2005. I have all the documents sent to them so they can correct the adverse account entry on my credit report and they still give me the run-around. I tried writing to the credit bureaus too but all they told me was to write to BOA. I am tired of this game they are playing maybe it%26#039;s time I sue them?

Does anybody know where to go for legal counsel regarding unfair credit reporting in NJ?

If you have well documented proof that:

-you did pay the bill

-you did notify them of the error

-you did dispute this with the credit bureau

...then by all means sue them. There is a very specific procedure you need to follow, but if you do it you have a very easy small claims lawsuit, and you will win $1000 for your trouble (plus legal fees).

If you don%26#039;t want to fight this yourself...look in the phone book for a lawyer that specializes in collections. Sure, they work for collection agencies, but these slimeballs will also eat their young, and will take your case. Many are even starting to do it on a contingency basis, where you pay the filing fees and they only collect when you win (because their fees are included in the suit). They see it as easy money.

Where I live there are a couple who do nothing but these cases.

Does anybody know where to go for legal counsel regarding unfair credit reporting in NJ?

yes it is time to sue them as well as the CRA if you have sent the CRA proof. Write all three CRA letters stating your facts and proof as well tell them you know your rights FCPA send the letter cretified mail with return receipt requested. Also send Bank of American a letter same method..maybe you should have it written in Spanish since that%26#039;s who the cater to now days

Does anybody know where to go for legal counsel regarding unfair credit reporting in NJ?

Go the Federal Trade Commissions web sight and click on the tab labeled Consumer Proctection. Once you click on the tab scroll down to Improving Your Credit Report. It lists the entire process that you, the consumer reporting agencies and the company that reported the information must follow.

http://www.ftc.gov/bcp/edu/pubs/consumer...

It really does work!