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kb9tbq last won the day on March 18 2010

kb9tbq had the most liked content!

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About kb9tbq

  • Rank
    ex credit bureau employee
  • Birthday 03/01/1972


  • Biography
    I currently work various sites consulting consumers about credit.
  • Interests
    Credit Issues, Facebook, Myspace
  • Occupation
    Past Credit Bureau Employee

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  1. I am relaying question on behalf of a friend, i know credit, but not mortgage needing some assistance. try to make long story short. Friend had a bankruptcy but spouse insisted on reaffirming the house, they did a quick deed sale, and just received notice that the occupants have left, and the house is in danger of going into foreclosure. Friend is trying to get approved for Recreational Vehicle, but was denied cause the dealership quoted her credit score being 620 range, and said she needed a 680 score. My question is can she just let it go into foreclosure and walk away, would the dealershi
  2. Dealing with ID Theft against a child Mail correspondence to Equifax Equifax Credit Information Services, Inc P.O. Box 740241 Atlanta, GA 30374 For peace of mind, you can request a credit report for your daughter through Experian’s online fraud center or by calling 1 888 EXPERIAN (1 888 397 3742) and selecting the fraud option. Simply follow the instructions provided. You will be asked to provide documentation verifying that you are the parent or legal guardian before Experian can send you a credit report. Here I thought it was an address but it is a site, try this: childidtheft@transunion.com
  3. I would say it would be in your best interest to wait out the additional year for the statute of limitations to expire. How much debt are we talking here? Is it something you could manage to pay if you work up the collection agencies on these accounts. If you do you might offer payment for deletion - so it helps and not hurts the credit score. What exact types of delinquent debt are these? Credit Cards, Car loans, utilities, medical, student loans, installment loans. There is additional information I can provide if you could give more information, also how much are we talking here? You said y
  4. Someone reminded me on this subject tonight, so I thought I would come here and share information on the topic of Skip Tracing. Consumers using opt-out to try to skit the collection agencies - I want to disagree with this tactic. Pre-solicitation is when a creditor asks the credit reporting agency for a mailing list, and they set criteria like a specific zip code, they may even ask for a group of people falling under a certain score range, and they may even ask the credit reporting agency to find all consumers they know to own a home. That is how people get them refinance offers in the mail. W
  5. You know that is a funny thing, for all purposes the credit reporting agencies and the federal trade commission stand by the position that liens have no statute of limitations. These can be reported indefinitely as long as the lien is unpaid. Once paid they are allowed 7 additional years of reporting from the release date. BUT there have been cases of consumers coming forward with releases due to expiration - so I think it is state by state how this comes about. The best thing is if you call that particular court house and ask them what applies for your area. Yeah, that is like one hand not kn
  6. When you pay, ask if they will dismiss the liens instead of list them satisfied or released. The mortgage company will require these be paid before approval of mortgage loan if possible.
  7. If you enacted the freeze yourself, all you have to do is call the credit reporting agency - you don't have to remove the freeze, all you need is to tell them you are going to be mortgage shopping and to temporarily lift the freeze for 2 weeks. You usually don't want to shop outside of 14 days, all inquiries made in 14 days are counted as just one hard hit against the credit score, in addition all inquiries are suppressed from affecting the score for 30 days. If you need mortgage lender access after the 14 days, maybe just get a pin number from the credit reporting agency for that specific len
  8. Hey, nice to see you again, I have been off exploring the Internet world of credit message boards. Gaining more experience, and securing employment with my favorite hobby. lol I realized that the heavier traffic boards don't always feel comfortable for me, I like to keep a low profile and at the same time lend my knowledge to smaller message boards that don't have the benefit of the larger boards. Sometimes I look for new boards that are just starting, and make it a point to contribute key data, the board will need to succeed. I do promote the heck out of Credit Info Center as well as other b
  9. I needed to add another point, even with the divorce decree, the mortgage loan won't remove responsibility until the spouse taking the house refinances into her or his name solely. Some consumers can find the same requirement on auto loans, if the creditor wants to be a pain about it.
  10. Be sure if you pay, that you get the agreement in writing. Also if the difference between what you owed and what you pay in the end is more than $600, you might be seeing a 1099-C for earned income to be taxed on.
  11. With the new laws, she will not be approved, unless you co-sign on the account with her. She won't be able to get an individual account until she is 21 years of age.
  12. I really don't recommend using Lexington or any other credit repair company. They are not watching out for your best interest. They just go in and dispute for deletion on every single negative. Some negatives can be converted to positive again. Like late payments 30/60 days late. You could instead be writing a letter to the creditor asking forgiveness and reconsideration of reporting the negative. If they find it in the way to show the account pays as agreed instead of late. I figure also the credit repair company is stealing money from you that might better be used to negotiate payment for d
  13. The consumer can go back to the original creditor and ask them straight up if they will take less money to settle the debt, and if they say yes then tell the original creditor that the collection agency is not participating in a fair manner. And if they are in fact willing to accept lesser payment that they recall the collection from the collection agency and settle direct with the consumer them self. It is hard to get an original creditor to cut out the collection agency, but it would be so nice if they did. Because then the collection agency would have to remove their listing off your your c
  14. That varies from lender to lender, you need to call them and ask them before you decide to let them pull the credit report. Ask if they will keep the pull to a soft account review and not a hard pull.
  15. 1. Are these listings the same account, do they have the same open date, and account number? 2. Sometimes if you convert a student loan to a new lender it gets a new open date, and new account number, So it is a different account. 3. If these are all the same, you can call the credit reporting agency to see if the drop off date for each listing is the same. If not you can dispute that the one got re-aged, and try to use that as leverage to guilt the credit reporting agency into deleting. 4. Each of the accounts should be showing zero balances / paid collection or paid charge off.