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Advice needed on clearing bad credit reports

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CLM



Joined: 24 Apr 2008
CLM's page
Posts: 1



132 Magic Points

Subject: Advice needed on clearing bad credit reports
 
Posted on Thu Apr 24, 2008 2:58 pm  

Starting 2007 I have been cleaning up my credit with an online Lawyer service Lexington Law. (But before joining the online Lawyer service I paid off my Capital one card which now state charged off on my experian report).

They’ve helped removed a few unknown & inaccurate statement on my report, and my score when from 530 to 630 with all credit bureau roughly in a year (not all that great but its getting there).
During that time I paid off 2 debts 1) Nelnet Student Loan that was in collection with OFF OF STU FIN & 2) First Union Bank (now Wachovia Bank) that was in collection with RJM ACQ LLC.

The remaining negative reports are from collection agency BTI service & Collectx Inc.

BTI service shows up in my experian report as collection student loan, but this is the student loan I already paid with OFF OF STU FIN collection. Why would it just show up out of no where on my report? This was never on here until now April 2008. I confirmed with OFF OF STU FIN & the original creditor Nelnet Loan that I was cleared of all debts.

The current BTI service status:
Original Creditor: NA
Type: Installment
High Limit: $1313
Account status: Closed
Account Balance: $0
Amount past due: $550


Collectx Inc shows up in my transunion report as collection. The strange thing about this is it was on my report under the name Paragon Way which was deleted 2 months ago after a year disputing this unknown item on my report, my transunion score was at 668 until it reappeared as Collectx Inc and now my score is 618.

The current Collectx Inc status:
ORIGINAL CREDITOR: 12 AMERICAN INVESTMENT BANK NA
Type: Open
High Limit: $5091
Account status: Closed
Account Balance: $9745
Amount past due: $0

In addition to all this madness, when reviewing my 3 in1 credit report I notice in the additional information field that experian has a comment stating XPN ADDITIONAL SSN: ***-**-*** (it show the last 4 digits) but is clearly not mine.

I spoke with a paralegal with my online Lawyer service Lexington Law and they basically said they will re-dispute these items and sometimes the collection agencies pay the credit bureaus to add it back on my report.

I would like to take an aggressive approach.

Please advise any strategies I should consider

Any help is appreciated.

Thanks
CLM
Laura

Laura

Joined: 21 Jun 2007
Laura's page
Posts: 1327



36449 Magic Points

 
Posted on Fri Apr 25, 2008 8:04 am  

Well,

Giving appropriate documents of the pay off will be of help. I am sure lexington will help you with that. Now as far as taking an aggressive step is concerned report them on the rip-off report site. Did you check BTI and CollecTX on the BBB site? They might not be there, if so then getting them off your report would be easy enough, specially when your original creditor has confirmed the payment of all dues.
_________________
Regards,
Laura.
fireyone



Joined: 26 Feb 2008
fireyone's page
Posts: 4246



130 Magic Points

 
Posted on Sun Apr 27, 2008 1:40 am  

Laura what is the rip off reprot site? I have seen it mentioned here one other time and thought i would ask.
Morningstar

Morningstar

Joined: 17 Apr 2007
Morningstar's page
Posts: 576



11 Magic Points

 
Posted on Sun Apr 27, 2008 3:44 pm  

Use a google search.
_________________
I don't dream since I quit sleeping
Morningstar

Morningstar

Joined: 17 Apr 2007
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Posts: 576



11 Magic Points

 
Posted on Sun Apr 27, 2008 3:49 pm  

Code:
BTI service shows up in my experian report as collection student loan, but this is the student loan I already paid with OFF OF STU FIN collection. Why would it just show up out of no where on my report? This was never on here until now April 2008. I confirmed with OFF OF STU FIN & the original creditor Nelnet Loan that I was cleared of all debts.


The only thing that matters is if the loan was ever in default. It is not important that it is a new entry, only that the information contained is accurate.

Code:
Collectx Inc shows up in my transunion report as collection. The strange thing about this is it was on my report under the name Paragon Way which was deleted 2 months ago after a year disputing this unknown item on my report, my transunion score was at 668 until it reappeared as Collectx Inc and now my score is 618.


The CA believes it is collecting a legitimate debt, so they can report until you force their hand.

Code:
In addition to all this madness, when reviewing my 3 in1 credit report I notice in the additional information field that experian has a comment stating XPN ADDITIONAL SSN: ***-**-*** (it show the last 4 digits) but is clearly not mine.


I do not believe that your credit repair service should have too much trouble fixing this one.
_________________
I don't dream since I quit sleeping
sdchargers_63

sdchargers_63

Joined: 13 Aug 2007
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Posts: 1883



1916 Magic Points

Subject: credit
 
Posted on Tue Apr 29, 2008 5:22 pm  

I'm glad to hear that Lexington Law helped you. I had their services, for a while. Paid them every month, like clock work. However..........NOTHING came off my credit. I even found out there were some SOL debts ( CA's) that they never conatcted at all.
Laura

Laura

Joined: 21 Jun 2007
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Posts: 1327



36449 Magic Points

 
Posted on Wed Apr 30, 2008 7:21 am  

Hi CLM,

Any more update regarding the issue?
_________________
Regards,
Laura.
sdchargers_63

sdchargers_63

Joined: 13 Aug 2007
sdchargers_63's page
Posts: 1883



1916 Magic Points

Subject: credit
 
Posted on Thu May 01, 2008 3:03 am  

I read somewhere that Lexington Law helps get NCO accounts off your credit. I don't know if that's true or not. I din't have the BEST experience with LL. Can anyone give me any advice on helping me get NCO off my credit? I DID try to 'dispute' items, that were 'expired'. However...that din't help.
Laura

Laura

Joined: 21 Jun 2007
Laura's page
Posts: 1327



36449 Magic Points

 
Posted on Thu May 01, 2008 11:14 am  

They are definitely frauds. They have been sued by the FTC earlier since then they have claimed to be a factoring company. Basically they used to reage debt accounts to earn money.
This is a pleasant read.
http://www.ftc.gov/opa/2004/05/ncogroup.htm
_________________
Regards,
Laura.
DebtFreeInFl



Joined: 04 May 2008
DebtFreeInFl's page
Posts: 9



512 Magic Points

 
Posted on Tue May 06, 2008 2:52 pm  

I am paying NCO right now, the people seem nice but and the account is owed. They didn't age it etc... Of course things can change at anytime. NCO i would like to update my CR's with new payments made. They haven't done nothing since 05 but report it, not report the 4 payments received in 2 months this year. Laura going to check out NCO just to see what i am dealing with
DebtFreeInFl



Joined: 04 May 2008
DebtFreeInFl's page
Posts: 9



512 Magic Points

 
Posted on Tue May 06, 2008 3:04 pm  

good Lord, My account was in Pa. in that time frame. And now I am faithfully paying them. doesn't that suck
sdchargers_63

sdchargers_63

Joined: 13 Aug 2007
sdchargers_63's page
Posts: 1883



1916 Magic Points

Subject: debt
 
Posted on Thu May 08, 2008 1:00 am  

NCO CONTINUES to contact about a few debts, i had with them. However..........the SOL has expired and the debts occured more than 8-10 years ago.
ANGEL
Guest






Subject: CREDIT REPORT FOR A 30 YEAR OLD
 
Posted on Thu Feb 26, 2009 6:47 pm  

I'M TRYING TO APPLY FOR A HOME LOAN. BUT I'M SCARED I DONT HAVE ENOUGH CREDIT POINTS TO MEET THE LOAN REQUIREMENT. i'VE NEVER BANKRUPT, I NEVER BEEN IN COLLECTIONS, I MADE IN 4 LAST YEARS BETWEEN BETWEEN 40K TO 55K. HOW MUCH OF A SCORE DO I NEED WHEN I ONLY HAVE 6,OOO DOLLARS WORTH OF CREDIT CARDS THAT I PAY ON TIME.
Justin

Justin

Joined: 17 Jul 2006
Justin's page
Posts: 1238



28944 Magic Points

 
Posted on Fri Feb 27, 2009 6:38 am  

Hi Angel
You need to have a credit score of 720 and above if you want to get a good interest rate on mortgage. Can you tell me your credit score so that I can help you out in the forum? Now since you pay off the credit card debts on time and have no negative items like collections and bankruptcy in your credit report, I think that you should have a good credit score. However, you should not apply for a mortgage loan unless your score is above 700.
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All the Best Smile
Justin
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Subject: ycUmKCbysoe
 
Posted on Wed Aug 06, 2014 4:57 am  

eB5OgT wow, awesome blog post.Really looking forward to read more. Want more.

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