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About new2this

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  1. Hi all, I did an online dispute with Transunion. I received an email 3 weeks later saying the result of my dispute were ready. When I checked the results, under results it says "View Details" and when I click the "View Details" link, the results say "New information". In looking a the record, the only change I can see is that the record was updated to read "Account information disputed by consumer" in the "remarks" field. Is this the end of the investigation? Is this just a preliminary notation? Should I expect some more changes or new information? Thanks for whatever assistance you can provide. K.
  2. new2this


    Mine is out of Schaumburg, IL. What city is your's out of. K
  3. new2this


    Has anyone had ANY luck in getting a paid collection from OSI removed? I'm particularly interested in OSI out of Schaumburg Illinois. Everything I've read here so far indicates having them remove something from your credit file is a lost cause. K
  4. Hi all, Back again!! My scores were like 750 and then my husband goes and get a $112 medical bill and lets it sit until they put it on my credit report. His report is shot to **** with a hot stew of negatives so we (I) have basically tried to keep things separate so that at least one of us can get some credit in case of an emergency. Anyhoo--my score has plummeted to 643 and when I pissed a bitch about the collection on my report the stupid husband rushes out and pays the COLLECTION AGENCY thinking he was taking care of it. He even had the nerve to call me at work and say "Don't worry about it anymore. I've taken care of everything." I immediately disputed the account because I have had some success disputing paid accounts but this one came back verified with TU My question. Can I DV a paid collection? If so, do they have to prove I have some legal obligation to pay the bill (it wasn't in my name but he is on my insurance). Its a fairly new account (assigned to the CA in Sept. 06), can I still contact the OC? Thanks, K
  5. It appears you can now apply for this offer instead of waiting for an invitation: K.
  6. Hi all, Here's a bit more information. We're in Cook County, Illinois and its a CA suing for a credit card bill last paid in like 12/2002. I tried some Internet searching but unfortunately he'd waited until the day the Answer/Appearance was due before he decided that may he should do something. The lady at the counter was more interested in holding her personal conversation than she was with whether or not she provided good information which is why I've turned to the experts (or at least learned people) here
  7. Hi all, What is the difference between and answer and an appearance? When my husband went to the court house, they told him he did not need to file an answer. They said he only needed to file an appearance. He did and got a court date. Should he have done something differently? Also, apparently he was suppose to send a copy of the appearance to the CA who is suing him. Did they need to receive this by the report date on the summons or did he just need o file his appearance by that date and can now forward the CA a copy of the appearance?
  8. I didn't speak about the trick until now--after they've caught it--and to my knowledge others were equally as careful. However, I'm not going to cry about it. I paid less than 3 dollars for the service and due to some glitch, have been able to check my report for over a year. Besides, for now and thank to this board, my credit odyssey is over.
  9. No. Its real . I cannot log on at all. N2T
  10. Hi all, I received the following e-mail today: IMPORTANT: Notice of Cancellation It has come to our attention that as a member of PrivacyGuard you have been using the website improperly. Our records indicate that you have manipulated the web site URL to obtain multiple credit reports beyond those included as benefits of your membership. As a result of this activity, we are canceling your PrivacyGuard membership immediately. If you have any questions, please call 1-877-707-2064. About 6 months ago, I'd been using multiple URLs to get quicker bumpage so I guess they finally caught it. Be careful if you like using PG. N2T
  11. From the Baltimore Sun Credit card issuer's omission can be costly to homebuyer December 26, 2004 IT IS THE well-kept little secret of the credit card industry, and it can be exceptionally costly to homebuyers and mortgage applicants. The secret is this: Your credit card company may be depressing your credit scores behind your back by not reporting your credit limit to the three national credit bureaus. Lower credit scores push you into higher interest rates when you apply for a mortgage and can add thousands of dollars of needless extra costs for you as a homeowner. If you carry a Capital One credit card, you can be 100 percent certain that your credit limit is never reported. Capital One confirmed to me that its corporate policy is to withhold limits, even though it might depress some customers' scores. If you have other cards in your wallet, you'll need to check your credit files to determine whether your limits are reported. Though most major credit card issuers say their policy is to report customers' credit limits monthly, researchers say limits frequently are missing in the bureaus' files. A recent Federal Reserve Board study that analyzed 301,000 consumer credit files found that 46 percent of consumers in the sample were missing at least one credit limit on their national reports. The problem of unreported credit limits is most severe, according to credit industry experts, for younger homebuyers, newcomers to the banking and credit arenas, and others with relatively thin credit histories. "There is no doubt that [non-reporting of limits] has a major negative impact on consumers with thin files," said Terry W. Clemans, executive director of the National Credit Reporting Association. The reason, Clemans says, is that the most widely used scoring system in the mortgage field -- the FICO score developed by Fair Isaac & Co. -- assigns 30 percent of a person's score to "utilization" of available credit. Utilization boils down to this: If you have a card with a $1,000 limit and you are carrying a $950 balance, you have a 95 percent utilization rate. FICO's scoring system subtracts points for such high ratios. If you're revolving a $250 balance on the same card, you are rewarded with points because of your apparently moderate, responsible use of your available credit. If your credit card company withholds or fails to report your credit limit, the scoring system typically substitutes your highest reported balance on the card for your missing limit. That will often depress your score by raising your utilization rate. Say your card has a $5,000 limit but the highest balance you've ever racked up was $1,000. That should add points to your score, as befits a modest 20 percent utilization ratio. But if your card company hasn't reported your limit, the scoring system will treat your high balance of $1,000 as a proxy for your actual limit. If you regularly carry an $800 or $900 balance on that card, your utilization suddenly looks scarily high and your score plunges, especially if that card is one of the few big credit accounts in your national bureau files. Depending on your overall credit profile, you could lose 20 to 50 points, or more, because of that missing credit limit. A 20-point to 50-point drop in your FICO score can have a significant effect when you apply for a home loan. According to Fair Isaac's Web site,, in mid-December an applicant for a $150,000 30-year fixed-rate mortgage with a 700 FICO score would be quoted a 5.79 percent interest rate, costing $880 a month in principal and interest. An applicant with a FICO score of 660 would be quoted a 7.48 percent rate, with monthly principal and interest payments of $1,047. That $167 extra a month would raise loan costs $2,004 a year and would be a needless, unfair expense to the homebuyer if it was caused by a card company's failure to report a customer's credit limit. McLean, Va.-based Capital One Financial Corp., one of the largest issuers in the country, heavily markets its cards to young consumers and individuals with imperfect or thin credit histories. It says it does not report any customers' limits because "we consider [limits] proprietary" information and "because we do not think it would be appropriate to impact the individual's Fair Isaac score -- positively or negatively -- by reporting them." Fair Isaac supports full reporting of account information. Ken Harney's e-mail address is
  12. No its not the mortgage company that's saying she's late. Its a Cap1 credit card. When we ran her credit in Feb, she had a 615 so I thought everything would be okay when she got ready to get the home equity loan later in the year but Cap1 has ruined her credit further since then. With Cap1 she would send the payment 2 weeks before it was due and everytime she would call about why they had not cashed the check she'd be told there was no payment but then the payment would show up 1 day late. She had no idea that if these fees put her over the limit that she would then be responsible for other fees. Now she's like 800 dollars over the limit so dispite sending 200 a month they can still report her late. I've asked to see her statements because she is of the impression that the 200 dollars is her minimun payment but I know CC companies well enough to know they generally add the over the limit amount to the minimum they will accept. Like I said she is not credit savvy at all and they preyed on this. Part of wants her to file another bankruptcy on them Is there anything I can do (such as co-signing) that won't interfere to badly with me when I want to buy again in 3 years? Her home is work about 120k-130k in its current contiion and she owes 60k.
  13. Hi all, My mothers scores are 541, 576 and 584. She'd like to obtain a home equity loan for some home repairs and to pay off some credit cards before she retires in January. What are her chances? She probably has about 50K in equity and maybe 90k plus after a few repairs. I'd really like to help her out and my credit is A+ but I recently purchased a condo and only want to be here 3 years before I purchase again. I'd be perfectly willing to sign for something for her that I can get out of in less than 3 years but I do not know of any programs that would allow this. She filed Bankruptcy 5 years ago and now has fallen prey to Capital 1 who through her limited knowledge of how predatory creditors work have her late every month dispite the fact that she is sending 200 a month. I just start working with her but from what she says I believe they kept holding her payments until they were 'one day late" and then charging her the outrageous fee that took her over the limit so they could then charge her more outreageous fees. What can we do?
  14. Credit inquiries effect your score because the more you have it appears that you may be "hungry ofr credit" Each inquiry usually only drops your score a couple of points and the older the inquiry, the less it effects the score. Others have said that the inquiries only count against you for 1 year, however, they appear on your record for up to two years. Wait for replies from others but i believe NCO is a collection agency. If so, you should probably get on them right away. K