I have a unique situation. I help people all the time to fix their credit and I advise them on how to deal with crooked creditors and legitimate debts. I now need help. I have a loan with Beneficial HFC. I have a
60 day late on my credit report from this creditor. Bank of America has written me a letter taking responsibility for the 60 day late, which stemmed from two checks that bounced due to bank error. I have submitted this letter to Beneficial/ HFC for the credit restoration and they deny it. The bureaus deny it because Beneficial/ HFC denies it. Can anyone recommend another avenue? This is killing my score and I am in the mortgage business, so it is professionally embarassing as well. I have helped many people to restore their credit and their lives and now I need help.
Have you submitted the letter to credit bureaus as well? You may know this; once a negative item enters credit report it stays there for 7 years. As it was not your fault you may request bureaus for an investigation. If nothing works, you may add a "Statement" against this entry. You may go through this thread for more information about adding a statement:
I wonder...if you could contact a customer retention department. Explain that you're willing to do a balance transfer to another company, even though there is a balance transfer fee if they are unwilling to help you out. _________________ I don't dream since I quit sleeping
Your personal details (name, email address and phone number) will be delivered to the company advertised on the Creditmagic after ve agreed to go for the counseling session by filling out the no-obligation form. However, it is your discretion to accept or reject their services.
Not all the creditors/debt collectors agree to trim down the outstanding balances, interests, and fees payable by the consumer.
Consumers working with the debt relief companies can still be sued by the creditors/collection agencies.
Debt relief services may have a diminishing effect on the creditworthiness of the consumer. The total outstanding balance may increase as the additional fees get accrued.
The overall amount saved by the consumer through the debt relief services is considered as taxable income by the IRS.