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Everything posted by Rick9972

  1. 4 years for TU, seems to be same for EX but not sure there
  2. When you apply for a Home or Auto loan as joint applicants. How are the two seperate reports combined? We have a CA here that automaticlly posts individual accounts on the others report. Thanks
  3. I have a Student loan that is current now and has been for over a year. But in the preceeding 36 months it has 8-60 day lates, & 13 - 90 day lates. Anything I can do about these? I very politely asked their customer rep if there was anything I coud do to fix those and she told me that once they report something they do not change it. (LOL be it right or wrong I am sure) Thanks
  4. Took out a 21000 car loan in fall of 2004. Daughter totaled car in January, 2006. Lender was Consumer Portfolio Services. Car Insurance paid CPS. Gap Insurance paid CPS. Extended Warrenty Insurance disputed the claim for refund. Claimed mileage was too low. This left me owing CPS 1900. I explained situation to CPS and they added 700 for fees and marked my account as charge off/Repo in March of 2006. The Extended Warrenty Insurance is now going to pay 1600 to CPS. I offered them a additional 1000 to settle the account and report it as "Settled" and remove all the "Charge off/Repo" comments. They refused and offered "Paid in full after Charge Off/Repo". This gains me nothing in my opinion. Right now I am thinking waiting out the 66 months until it comes off my CR. Question I have is will the insurance payment reset the date? THe SOL for my state is like 15 years, so what else can I expect? ARe there any other special rules for RePo's? Thanks
  5. First Post hello everyone and thanks in advance. Got a $21000 car loan from Consumer Portfolio Services in Fall, 2004. Daughter totaled the car in January, 2006. Car insurance paid CPS. Gap insurance paid CPS. Extended warrenty Insurance Co. disputed the claim for refund. "Mileage was too low in their opinion" This left me with a total of $1900 owing CPS. I explained the situation with CPS and they demanded immediate payment, which I did not have or keep paying regular payments until the claim is settled(which was also not feasable since I was having to buy another vehicle). They report the loan as Charge off/Repo. 20 months later the Warrenty Company is settling the account and refunding @ $1600. CPS has added $700 in fees. I offered $1000 dollars in addition to the $1600 for CPS to change the account to "Settled in full" and remove the Charge OFF/Repo tag. They refused. Offered "Paid in Full after Charge Off/Repo". My initial reaction is to wait it out for 7 years. I own my home and will not need a car loan again during this time frame. My second thought is since I am cleaning up my credit report as a hobby, I should not throw this account out after the initial failure. Any suggestions or is the offer they made the best I can expect? CPS's representive stated that changing the account from "closed/Charge Off/REpo with balance owing" to "Paid in Full after Charge Off/Repo" would add @ 30 pts to my credit score in her opinion. Is this even near the truth? Thank you in advance.
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