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michelle_emu4eva
Joined: 02 Jun 2008
michelle_emu4eva's page
Posts: 1
58 Magic Points
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Subject: How to remove chare-off from Credit Report 4 mortgage
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Mon Jun 02, 2008 11:47 pm
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Recently, I had an appointment to get pre-approved for a mortgage. Everything was great as far as assets and employment history. I have a previous bankruptcy that discharged a couple years ago.
I made the really bad mistake of breaking my cycle of saying no to those pre-approved credit card offers and totally forgot that I got the account. All bills and statements were going to a different address. I have been on time with everything else and my car is due to be paid off next month with no other revolving debt.
To make a long story short, I was told by my lender that I will either have to get the account deleted on my credit report or continue renting for another year. Is there any way around this? This is actually my second company I've gone to.
I was told that some accounts included in my bankruptcy were still showing as charge off on the credit report. I thought my score would increase, it did at some agencies but not others. It went from 571/590/593 to 571/591/573.
Any of your input is well appreciated.
P.S. I have tried contacting both the original creditor and collection firm about this account but they will not budge.
It's frustrating that this one account is holding me up! Will it make a difference if I pay in full or the damage is already done? This is a Fashion Bug Credit Card. This account was transferred to a law firm to collect the money. Previously, they offered 70% settlement, but their terms on my credit report would have been Paid and Settled. That does me no good! They would not agree to a Pay for Delete or to remove the negative denotations on my credit report.
The law firm was supposedly hired to collect the money. When I ask about the notation on my credit report they say I'd have to contact Fashion Bug because they have no control. I call Fashion Bug and they tell me to contact the law firm since it's out of their hands. I have offered Pay for Delete to both with no avail. Someone else suggested I try a Goodwill Letter to a company executive.
Thanks for your help,
Michelle |
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CMBV22
Joined: 08 May 2008
CMBV22's page
Posts: 382
4435 Magic Points
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Thu Jun 05, 2008 7:44 pm
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I guess you could send a Dv letter to the OC and the CA once they have signed for the letters dispute the listings with the CBS. Since the OC and CA will be unable to give any neg info to the CBS until they validate to you the listing will be deleted until they validate to you. Once they are deleted run, dont walk  to your bank and get your pre approval.
This is only a temp fix but, it might fit your needs. YOu also might find the CA more agreeable to a PFD offer if the alternative is lots of legwork finding old documents.
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Free sample letters,
info on paying off payday loans,
and quick credit repair tips.
Pesonalized credit repair advice in the forum:
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http://homecreditrepair.hqforums.net/ |
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CMBV22
Joined: 08 May 2008
CMBV22's page
Posts: 382
4435 Magic Points
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Thu Jun 05, 2008 7:44 pm
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This is not the best solution to the problem but, it just might work....
_________________
****************************
Free sample letters,
info on paying off payday loans,
and quick credit repair tips.
Pesonalized credit repair advice in the forum:
www.homecreditrepair.net
http://homecreditrepair.hqforums.net/ |
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carol
Joined: 27 Jun 2006
carol's page
Posts: 1362
Location: Los Angeles, California
29592 Magic Points
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Fri Jun 06, 2008 6:58 am
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I think that you should send a DV letter to the CA and if they validate your debt, it is better to pay it off since "paid and settled" status is much better the the debt showing unpaid. This I think will help you later in getting credit. However, you can also try the process of CMBV. But if they cannot validate your debt, they have to remove their listing from your credit report. So try and sent a DV letter first..
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Carol |
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Morningstar
Joined: 17 Apr 2007
Morningstar's page
Posts: 601
11 Magic Points
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Fri Jun 06, 2008 12:00 pm
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It is not clear from your post whether you have offered a payment-in-full in exchange for a pay-for-delete. If you have not done so, sweetening the deal may help.
I think goodwill letters are most effective when the debt has been paid in full immediately following contact, however, you have little to lose. I also beleive that goodwill letters are likely to be ignored if you have sent a DV letter.
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I don't dream since I quit sleeping |
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