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About pilgrimfaraway

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  1. What is it that you get cleaned up off your reports and then have it return? About the 100 points in 30 days - no....that's mostly hot air and likely not even legal to advertise.
  2. Precisely - follow the identity theft process and these will be gone in 10 days max. That's 5 days to get a copy of the police report and 5 days to get the info blocked.
  3. Don't assume that the CA has recourse against you just because he says that he does! I'd ask a lawyer on that one. If someone comes after me on some debt from one of my old corporations, I would think at least twice before paying the bill personally. Remeber - CA's lie....Always.
  4. Yea, it's pretty unlikely that it will hurt your score and you'll probably see a positive bump from the improved utilization. Getting removed as AU is usually quite easy. Most banks simply do it upon request. Some banks have weird policies, like if the account is in bad standing you cannot be removed until it's in good standing - but that's very uncommon. I dropped off two cards with a simple call to customer service.
  5. Is the BOA loan revolving credit or an installment loan? You mention installment loan. If that's the case, they you are probably going to see a nice increase in your scores. If it's an installment loan, then you would very likely do best by paying off the cards as much as possible. You might be able to get your revolving credit utilization rate down below 10%. That almost always helps. Recent lates (11 months is still recent) decrease the bump you get from utilization improvements, but the bump will still happen. Congrats on the improvements!
  6. Ah.... C&D is very different from a DV. You C&D a collector, they can absolutely report the debt. They can also proceed to sue you. If you demand verification of the debt, then they may or may not be able to do these things (depends upon the particular situation, timeliness of the DV, etc). But Cease and Desist basically means - bug off, idiot! I don't want to communicate with you! Telling the CA to bug off won't protect any of your rights, other than the right to be left alone until the sheriff shows up.
  7. Why can't they report after you send a C&D? C&D affects how they communicate with you, not how they report their accounts with the CRA's. Also, you should C&D when you're sure you will win in court, because after you C&D them, they have 3 choices - 1. Sit on the debt and maybe revive it later 2. Toss it back to the OC 3. Sue #1 isn't likely. Between #2 and #3, just depends upon the particular situation. Just be sure you're ready to get served a summons before you C&D.
  8. Chase usually does report. It's strange that you didn't see the tradeline added. You might call and find out if a second file was created. This very frequently happens with AU accounts. If you don't share an address with the account holder, then when the account reports, the CRA can put it into a separate file and you need to ask that the files are merged. AMEX definitely reports. I've seen BofA, MBNA, Citi and Discover all report.
  9. If they actually report that you made a payment when you didn't, then that would certainly be a violation. If they simply reported that you are late in paying on an account that they hold, then that is not a violation. I didn't know that there is such a thing as "Date of Last Payment" on credit reports. I know of Date of Last Activity. DOLA can be updated monthly if the CA chooses to report on a monthly basis. And updating the DOLA will result in the account becoming more recent. It is not illegal - it's the nature of things. You disputed, they verfied. In their verification, they said, "
  10. Anytime I see people getting overly sentimental about credit scores and the sanctity or purity of the credit reporting system, I just have to chime in. Credit scoring works very, very well when taken as a whole. It is not intended for the individual consumer and cannot in any way even begin to represent the creditworthiness of the individual consumer. My parents are probably the lowest credit risk people I know. They PIF everything within a week of invoice. They carefully check every detail of every bill. They own their house and cars outright and pull down well into 6 figures tax-free.
  11. Sexy Credit Book is amusing, and occassionaly useful, but not based upon the real world. I read a bunch of books on this topic before finding the boards. Only one book has not been frequently contradicted by real world experiences and information on the boards - "Fair Credit Reporting" by the National Consumer Law Center. Now, when Sexy Credit tells you to dispute each item separately, they are giving bad advice. Sending multiple disputes in a dispute window very frequently will cause the window to get extended. Should it? No - but in credit reporting, what should be and what is are very
  12. While I agree with you that the length of credit history should not change, unfortunately, the law is silent about how long CRA's must report account information once the account is closed, so long as there is no derogatory information. The says what they cannot do - they cannot report bad stuff for too long, but it doesn't say that they report good stuff after the account is closed. I haven't researched it enough to know if all the CRA's maintain a separate field for the length of your credit history or if it calculated on the fly based upon current tradelines. I know for sure that when a t
  13. Paying off debt is definitely a good thing for financial health in most cases, but it might be a bad thing in the case of installment loans that are not longer in length than your overall average account length. Sounds like these are very short loans. If that's the case, then it will probably have at least a slightly negative impact on your scores. That being said, IMHO, the best thing to do is make wise financial decisions for your personal financial situation and let the FICO float around as it will. Some positive steps may not boost your score, but on the whole, your score will rise as you