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Fasfeed
Joined: 06 Feb 2008
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Posts: 87
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Subject: Can we add positve accounts to credit report
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Wed Mar 12, 2008 1:24 pm
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| I have a car that I purchased at a lot that does not report to the credit bureaus . I have bee paying on the car about 17 months and Ive never been late. I have a balance of about 1200 dollars. There was some information i came upon that said it may be possible to have positive accounts added to your credit report. Has anyone ever heard of this and tried it with any success. If so how do you go about this process. I already have the payment history report that was mailed out to me by the dealer. I also saw stated that you could add utility accounts if they or current and piad on time. |
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Morningstar
Joined: 17 Apr 2007
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Posts: 601
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Thu Mar 13, 2008 12:08 am
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Since creditors are not required to report anything, I presume you would need to contact the finance company and request that they add themselves to your credit report.
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I don't dream since I quit sleeping |
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Richard
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Joined: 27 Jun 2006
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Posts: 126
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Thu Mar 13, 2008 7:38 am
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Get in touch with the lot you bought your car from. Put across a request of reporting to the credit bureaus. This is a management system issue. I hope they add themselves to your credit report.
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fireyone
Joined: 26 Feb 2008
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Posts: 4483
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Fri Mar 14, 2008 11:59 pm
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| Sure would look good on your report and I hope you can get it done for your own benefit. If you do accomplish this stop back and let us know. Someone else may get some advantage by you doing this. Good luck. |
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goodnatured
Joined: 03 Nov 2007
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Posts: 3976
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Sat Mar 15, 2008 12:15 pm
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You see this is what I absolutely hate about this credit reporting crap, I bet if you were late on the payments it would be there!!!!!!!!!
It is as hard to get something put on as it is to get something taken off, please do let us know if you are successful at this, I would like to know the steps that have to be taken in this case. Please keep us updated. thanks in advance.
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Goodnatured,
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fireyone
Joined: 26 Feb 2008
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Posts: 4483
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Sun Mar 16, 2008 1:52 pm
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| You bet they wouldn't miss any late payment. There should be a way you can show proof of a good loan even if the company doesn't want to report it. That way you could add it yourself. |
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Morningstar
Joined: 17 Apr 2007
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Posts: 601
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Sun Mar 16, 2008 4:13 pm
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If you've got some extra money*, you could try a savings passbook loan with a small bank or credit union (verify with the bank/union that they will report to the credit bureaus first**). Pay it off in 4-8 months...it will cost a few bucks in interest, but in the end, you've just added a positive line to your report.
*You need money to deposit, as well as money to make the monthly payments
**Many, nay, most do not report, so a great deal of searching may be required
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I don't dream since I quit sleeping |
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Fasfeed
Joined: 06 Feb 2008
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Posts: 87
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Mon Mar 17, 2008 12:28 am
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| What does it take for a company that does not report to credit, to report . What are the criterias . Does anyone know. The dealer is telling me the bureaus want them to have a minimal of 500 accounts to be approved to report. I am still planning to submit the account myself after I fully pressure them to do so.I will keep you guys posted. |
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Fasfeed
Joined: 06 Feb 2008
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Posts: 87
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Mon Mar 17, 2008 12:29 am
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| What does it take for a company that does not report to credit, to report . What are the criterias . Does anyone know. The dealer is telling me the bureaus want them to have a minimal of 500 accounts to be approved to report. I am still planning to submit the account myself after I fully pressure them to do so.I will keep you guys posted. |
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fireyone
Joined: 26 Feb 2008
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Posts: 4483
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Tue Mar 18, 2008 12:18 am
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| I think I read on another post that it cost these companies to report so many of the smaller places don't do it. I don't know what kin d of fee smaller business is charged to report your good standing account. Maybe if you offered to pay that fee and it wasn't much of a hassle they would do it. |
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anthony
Joined: 31 Jul 2006
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Tue Mar 18, 2008 11:49 am
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I did not know abut this. How much do the companies have to pay to report to bureaus? Is it the registration that they sign to be capable of reporting?
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Anthony Marx
A positive attitude is not achieved by turning a blind eye to the negative, but rather by responding to every situation in the most positive way possible. |
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fireyone
Joined: 26 Feb 2008
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Wed Mar 19, 2008 12:43 am
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| I have no clue what price they may pay. I just learned of this myself. You will have to get more info from someone around here. I am sure someone who knows all about this type of thing will give you the answer your looking for. |
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Fasfeed
Joined: 06 Feb 2008
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Posts: 87
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Wed Mar 19, 2008 1:19 pm
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| I need to know if a small company needs to have a certain minimal amount of accounts and then pay a fee on those accounts to report or can they just pay a fee and report on one individual account . If this is the case I would be wiiling to pay the fee myself to add credit , If the fee is not a ridiculus amount. If someone could find this information it could possibly be a lot of help to a lot of people.Thanks |
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fireyone
Joined: 26 Feb 2008
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Posts: 4483
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Wed Mar 19, 2008 3:11 pm
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| I would also like to know this answer. If anyone has any idea the info would be appreciated. Thanks |
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goodnatured
Joined: 03 Nov 2007
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Posts: 3976
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Sun Mar 23, 2008 12:44 am
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Isn't this crazy that they have to pay a fee to report positive stuff, is this fee here for the negative too, because most companies will not hesitate to pay the fee then right? I think it is all one big scam really.
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Goodnatured,
http://cashinpocket.synthasite.com/
for all the ways I make $$ online |
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