spoonman01

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About spoonman01

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  1. That's interesting. I just got a new unsecured credit card from them with a starting limit of $300.00. Should I wait a month or so before applying? Don't want to push my luck. Also, has anyone have any info on car.com? Thanks
  2. Old Charge Offs, about 4 and CA that I'm woking to clear off first.
  3. Hi Folks: Has anyone on this site received an Auto Loan w/bad credit? If so with whom? I would really like to hear your experiences. I googled and found a ton of links but obviously don't want to approach the bad ones. I live in Southern Cal, Thanks for any and all input and have a great weekend!
  4. http://www.permissiblepurpose.com/
  5. If they're so bad, why are the advertised on creditinfocenter? http://www.creditinfocenter.com/legal/Lexingtonform.shtml Does anyone have any experience with "frivolous" disputes and how do you get around it if it happens? It would be nice to see successful examples of real letters from the members on this site if they are willing to share. It seems to me that if I use the sample letters provided on creditinfocenter that it will raise a “Red Flag” causing my dispute to be determined as frivolous. Please help since I need to get started and don't want to F-Up the process due to inexperience or raising red flags. Thanks!
  6. Got approved on-line for $300! That's been a long time coming. I also just tried Orchard too--on-line too--but haven't heard back from them yet.
  7. Has any one ever read "Ask Susan" responses from Money Management International? Overall she gives good advice except when it comes to methods of removal discussed on this forum (see below): http://www.moneymanagement.org/Education/DearSusan/KB_Details.asp_Q_KnowledgeBaseTopicID_E_8'> http://www.moneymanagement.org/Education/DearSusan/KB_Details.asp_Q_KnowledgeBaseTopicID_E_8 I have two Judgement on my credit and I recently payed it off. I would like to know how I could fix my credit? Time will definitely help. The federal "Fair Credit Reporting Act" (FCRA) states derogatory information can remain on your credit bureau file for 7 years from the time the account is placed for collection, charged to profit and loss, or subjection to any similar action. Even if you start to repay on the account and ultimately payoff the account, the 7 year time frame does not change. The account can still be on your credit bureau file. Your account would just show that payments are being paid or that you have paid off the account. But the derogatory notation will still remain for the 7 year time frame. Unfortunately, nothing can be done to remove a derogatory account from your credit bureau file before this time period. In the mean time, you can try to improve your credit report in a couple of ways. One way is to save some money. Let's say you save $1,000. With this $1,000, you go to your bank and tell your banker you want to borrow $1,000 and to guarantee repayment of the loan, you agree to put up your $1,000. You explain to your banker the purpose of your getting the loan is to re-establish your credit. Another way to rebuild your credit is to get a secured credit card. You make a deposit into a savings account with a bank to secure a line of credit. The credit card company then issues you a card and a line of credit for at least the amount of your deposit. To get a list of major banks that issue secured credit cards, contact CardTrak of America at 1-800-344-7714 (www.cardtrak.com), Bank Rate Monitor (www.bankrate.com/brm/publ/seccard.asp), CardWeb.com, Inc. (www.cardweb.com) or Get Smart (www.getsmart.com). Good luck, Susan
  8. Would anyone recommend or has anybody used online Certified On-Line Mail Services from USPS? http://www.usps.com/send/waystosendmail/extraservices/certifiedmailservice.htm
  9. Thanks codename_fortyseven. In fact, I have read some of your other replies on this forum and I like your style and advice. Would you mind elabortating on these two comments? Thanks! "I doubt an OC would agree to a PFD, but it never hurts to try." "I would 1-2 punch the CA's."
  10. Situation: I have 5 CO credit cards accounts all aged identically from 3 years ago. Of those 5, 3 have been sold to CA's and some to other CA's from the 1st CA's. I've been contacted from time to time over the years from these CA's but have never spoken to them nor written to them. None of them have tried to sue me (but many have threatened to). Some CA recently tried to contact me at work but, since I work for a Call Recording Company, I can easily screen them (plus I think it intimidates them). Premise: I have heard that you should never pay the CA just the OC. However, the OC's are old so the only way to pay is via the CA. Questions: Should I pay the debts through the OC only if they promise (of course in writing) to remove their entry from my Credit Report? -and- If they do remove the entry, how difficult will it be to have the OC CO's removed from my CR? Or, should I not pay anything, and try the techniques to get Negative remarks off my CR first? If so, which ones first? May main concerns are: 1. Stirring up a hornets nest with the CA's 2. Re-aging ANYTHING on my CR 3. Being sued I would like to start testing the waters soon. Thanks in advance for any and all advice. Thanks!
  11. Well "Pre-Approved" don't mean didally squat! I called the Cap One Car loan folks and asked how the Pre-Approval/Dealership Program worked and he stated that Cap One still has to "Approve" me no matter what the Pre-Approval letter stated. So knowing that, I went to their Website and entered the reservation number and sure enough I was declined. Luckily I didn't wait to go to the Dealership! How embarrassing that would have been! Does anyone have advice for a Car Loan company that will work with me? I have delinquencies and Charge-Offs that haven't rolled off yet. Also, since the SOL for those delinquencies/Charge-Offs will roll-off in the next three years, is it worthwhile to try to get some of them removed now? Can doing so "re-age" any of the accounts simply by conatcting my Creditors or the CRA's? I'm still not clear on that. Thanks in advance!
  12. Can you "re-age" a debt simply by having it verified by the CRA's to the Creditors? I read this article and it kinda put a startle in me: http://moneycentral.msn.com/content/SavingandDebt/P59862.asp This in particular: "Arranging a payment plan or even inquiring about an old debt can restart the statute of limitations in some states, allowing creditors to sue you." Makes me want to just wait 2-3 more years till everything rolls off. I have 5 charge-offs that are all aged the same (approx 5 years). Although they have contacted me I have not corresponded with them in any way so the clock is still running. Only one I resolved with was Cap One. I paid half and they stated PAID IN FULL. They also removed my negative remarks. I would hate for any of the others to re-age simply by inquiring to the CRA's. Please advise. BTW-I owe all the Charge-Offs and reside in California.
  13. Anyone ever heard of Household Bank MasterCard? Got a Pre-selected offer from them. They have a website too: www.acceptourcard.com/mc
  14. Well "Pre-Approved" don't mean didally squat! I called the Cap One Car loan folks and asked how the Pre-Approval/Dealership Program worked and he stated that Cap One still has to "Approve" me no matter what the Pre-Approval letter stated. So knowing that, I went to their Website and entered the reservation number and sure enough I was declined. Luckily I didn't wait to go to the Dealership! How embarrassing that would have been! So be wary if you receive "Pre-Approval" letters from Cap One. It doesn't mean "Jack Squat"! Does anyone have advice for a Car Loan company that will work with me? I have delinquencies and Charge-Offs that haven't rolled off yet.
  15. I would like to know anyone's experiences with Authorized Licensed Car Dealer Partners. I received a Pre-approval in the mail to go to a local Dealership; however, before I do that, I want to know what the process is like. Do they do this just to lure you in or is this legitimate? My situation is charge offs and collection notices that won't come off my record for three years, however I have not assumed any additional debt since 2001. Please lemeknow your experiences. Thanks, -Spoonman