Devil's Advocate

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About Devil's Advocate

  • Rank
    CIC Member


  • Interests
    credit repair
  • Occupation
    Bill Collector

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  1. FYI if they do forgive the debt and 1099 you that doesn't mean that counts as taxable income since The Mortgage Forgiveness Debt Relief Act and Debt Cancellation was passed. Of course it sounds like they already sold it so forgiveness won't happen. My worry is the Act is in affect till 2012. I wonder how may holders of seconds are going to wait till 2013 to forgive and 1099 people just out of spite.
  3. I know its too late to mean anything in this case, but I know why your certified mail - return reciept letter was lost. This happened to me a long time ago with Cap1. The post office told me that large companies like that sometimes sort thier own mail, and after the letter gets there its in thier hands not the USPS. I just wonder if that means there is some kind of agreement they have to make, and if any terms of that agreement are (or laws for that matter) were violated when they pull this kind of thing.
  4. Considering the fasted way to build your credit is to piggyback on someone else's credit line. Personally I have only 2 CCs that I've tried and they said the exact oppisite thing of the other one. Sears told me that since adding an authorized user would make that person equally responsible by law they must report to that person's CBR. US Bank told me that they are only authorized users and by law they couldn't report to thier CBR even if they wanted to. I did not make her an authorized user on US Bank. Sears reports to all 3 major CBRs. BTW this person was my roommate not my wife or anything. Her Bnko stuff is about to fall off in a year or two. We may want to buy another property so it would be in my best interest to build her credit up. I think I'll try Citibank or just apply for a Sears Visa since I know they'll do it.
  5. This one I'm currently learning the hard way: KEEP RECORDS OF YOUR DELETION LETTERS FOREVER!!! I'm talking about the letter the CBRs send you after they delete anything from your file. One of the first things I've ever had deleted from my record is reappearing agian 3-4 years later during a background investigation for a state license. I'm thinking it must be from a split file. If I had that letter of deletion this would be real easy to handle.
  6. A few years ago I tried to get on my father's AMEX and they told him they wouldn't do it. Makes me think you just have to find the right department or person to ask. I have a vested interest in raising my friends credit score. We bought a house together (as an investment) and I couldn't get grade A paper because, even though I had good credit, I didn't have the job history or documented income. She has the long job history and better income (she had to file medical BNKO 3 years ago). Once I get her credit score up we will refi with her name on the loan and bring our payments to about 1150/mo (down from 1800). Anyway anyone out there have luck getting US Bank to report AUs????? I'm thinking if I upgrade my card to a platinum they might do it. Thanks for giving me ideas!
  7. Am I correct to assume you never made a payment? Also is this a judgement or just a CO? I would say call the CBR and ask when its scheduled to fall off and why. They might remove it right there when you point out how old it is.
  8. From the website page titled Californians get a special break on full payment laws due to a legal loophole. ( What does this do to your credit report? I wouldn't think the CA or OC would be anxious to update your CBR as PIF. Would you have to sue or threatened to sue under California consumer law? But then it still would show up as a paid CO. Also the link on the bottom of that page for "follow up" letter goes to a completely different letter about unauthorized inquiries. Unless I completely missed something that must be a bad link.
  9. Does that mean it is good??? I am really interested in finding out the nuances of credit scoring because now that my credit report is clean of negative items, I want to know which sensativities I can aim for to tweak my score here and there. After flirting with the 700 club, I am back down to the lower 600 because of my utilization and account balances. I really want to know more about the score nuances and if possible, credit reporting because half the time I feel as if I am educating half the financial institutions and creditors on how credit reporting works. Its good if you like the subject matter. Otherwise you might find it reads like an accounting manaul. The only thing I can think of thats important that I have not learned from this sight is that %90 of house insurance companies report to a bureau that is sister company of EX or EQ (don't remember name off hand). They keep of how many claims you file on your insurance. Also many times if you even call your insurance company and asked them a question about your policy that would count on your report as a claim, causing your rates to skyrocket when you renew. This report is also valnerable to the same types of errors you would find on regular reports, such as if you lived with your brother at one point and he filed a claim on his insurance that might show up on your report. I think the name of the report is your CLUE report, but I'm not sure. Other than the house insurance info there really isn't anything that will help you (any more then this site I mean). Don't get me wrong, you will learn something new, just not anything to help you repair your credit. Hope this helps.
  10. I had this exact same thing happen to me with Cap1. I went down to the post office and they told me that big companies like that sort thier own mail. Because of this there is no way for them to track it, its just lost or something, and there's nothing they can do about it. I did eventually get my signed reciept back about 3 months after it was sent. I'd say go down to the post office and ask WTF.
  11. One time I had a cell phone collection item for $108. That company was bought out by another cell phone company, which was bought out by another company, which was bought out by another company, and finanally merge with Verizon. I paid off a lot of bills with my commision check, and Verizon had me call 4 or 5 different agencies. I had the money order in my briefcase for over a year before I decided to use it on something else. I'm pretty sure it never went on my father's credit (he cosigned). If it takes them a week to find your account, I don't see how they can verify within 30 days. Just thought I'd share. Also right now I'm in the process of helping my friend with her credit. I had her DV her collections (all paid but none reporting as paid), and 2 of them updated as being paid instead of removing without validating. One of them was only on TU then update TU and added the paid collection to EX (brought her score on EX down)!!!!!!!! GGGGRRRRRRR!!!! Its been about 35 days, so I'll send follow letter pretty soon.
  12. Sears deleted a late from 4 years ago when I asked them to. This was right after they were taken over by Citi.
  13. Sometimes its better to be lucky than good. Good job.
  14. Send the prospective companies an email and ask them. US Bank told me they don't because AUs are not responsible for paying, but Sears told me legally they have to report AUs. I added a friend to my Sears and just yesterday they started reporting to her EX. Hopefully it will be all 3 soon.