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Found 7 results

  1. I'm trying to clean up my credit, I have 4 open collections. All together they add up to only around $2100 and I had planned on just paying them off over the next 6 months in full. but recently my score via credit karma took an unexpected plunge by -75 points it says it was do to the 2 oldest of the collections changing the "last reported" or "date updated" date to 28 august 2015. Both these collections are currently owned by Transworld systems. In a panic I began searching the web for answers on whether this was legal and what I could do to possible fix my credit in a hurry. In the process I learned that paying off these collections like I had planned was probably actually the worse thing I could have done for my credit. I'm looking into other more favorable options. My questions is should I attempt the validation letters I have been hearing about or should I jump straight to a pay for delete attempt? is it to late for a validation letter to help me? Also, all collections are past their SOL but not the 7 year fall off. The collection agencies are not attempting to contact me as of yet just reporting on my credit.
  2. A brief background: My credit report and DMV record were in complete shambles for years due (in part) to my undiagnosed ADHD. I was diagnosed in 2011 and since then have not made as many poor decisions as I used to, I finally took care of all the Failure To Appear holds on my license and had it reinstated just last month. Now it's time to tackle my CR with the ultimate goal of preparing to buy a house. Luckily, many of my oldest and biggest debts have fallen off, but I have 8 collections still listed with various ages (6 of them are now past the 4 year California SOL). I'm going to try and follow the PRIMER in the Credit Repair forum, but I need some advise on how to proceed once it is time to start contacting the CAs. These are my questions and additional info: Based on the age (years since date of last activity), if I offer a settlement what should be the max percentage of the original debt?If I'm after PFD and the the SOL is expired, should I still offer a reduced settlement?Any other advice based on the info I'm providing below.Line 3 is not on my CR, but is on ChexSystem. I am willing to pay it off in full, but if the soon to expire SOL will help negotiate a lower payoff I'd rather go that route.All lines in red are now past the SOL.Current Experian PLUS Scores based on 3-in-1 report: EX - 582, EQ - 582, TU - 590 Prev Settlement Type of Debt Debt Age Original Debt Offer from CA1 Unsecured - Cellphone 2.08 $461.00 60%2 Unsecured - Cable 2.88 $523.00 80%3 Unsecured - Bank Account 3.22 $346.004 Unsecured - Credit Card 4.00 $460.00 90%5 Unsecured - Medical 5.14 $609.006 Unsecured - Medical 5.14 $1,311.007 Unsecured - Credit Card 5.53 $563.00 83%8 Unsecured - Cellphone 6.05 $945.00 25%9 Unsecured - Utility 6.46 $189.00 Thanks in advance for any help/advice.
  3. I have an old (unpaid) electric bill with a power company called Comed. It was handed over to a collection agency called "torres credit" something or another. and now, as of April (when i last got my reports) is listed under "Contract Callers Inc." As stated in the title of this post, I'm a newbie to all this, but it's my understanding that if the debt has been SOLD to a debt collector, you deal with the collection agency, but if it has been REASSIGNED, you can deal with the original creditor. my three reports show this under the name "contract callers inc." original amount and balance the same -from TU report- responsibility - individual account type - open account ? original creditor - comed 26499 (utilities) pay status - >in collection< loan type - collection agency/attorney remarks - placed for collection this was all quite easy to read, because since Transunion wanted to give me trouble in accepting that I was me, I requested (at no charge) to get my report in "large print" I believe this debt has been "sold" to the collectors, can someone tell me from what i put from my transunion report wether this was "sold or "re-assigned"? anyway, i've prepared a nice pay for delete letter, and I'm prepared to send it off to the CA, just before I do, I want to make sure I shouldn't try to deal with the OC first. Also want to make sure that the first CA that had it wont be able to (or be likely to) report it again. I don't know what the terms "charge-off" means or if this is one or not. all i know is this is by far the worst thing on my reports and i want to get it gone. i've heard people having sucess with pay for deletes when dealing with utility companies. also it seems pretty standard in the PFD letter to give 15 days to respond before requesting full verification, and suggest removing negative reports within ten days of reciving certified funds. do these timeframes seem right? any useful information from people with sucess in dealing with pfd's, and/or general knowledge on the subject would be very much appreciated. **added a few hours later-- I should have mentioned, the electric account went bad (disconnect) around 2009, this collection agency (at least the 2nd to handle it) has august 2011 as the earliest date on my reports.
  4. I had a Victoria's Secret account that went delinquent and was sent to their Recovery Team for World Financial Network Bank. In 07/2012 I received a letter stating they are willing to accept 40% of my balance in order to cease further collection and will notify CRA that I had settled my account. I accepted this settlement and paid $263. In 09/2012, my CR showed my payment status was "Legally paid in full for less than the full balance" although it was still showing that I owed (I'm assuming the balance after the 40% was applied). It is now 07/2013 and my CR is showing that my account is beyond 120 days past due and showing a Failure to Pay. I contacted World Financial Network Bank asking if I settled my account, why is it still showing that I owed. The representative stated that even though I paid the settled amount, because I did not technically pay the debt in "full" it will still show on my CR as debt owed. I kindly requested to speak to his supervisor. She was very nice and empathetic although denied my request for Payment for Deletion. She said my only two options are to wait the 7-10 years until this falls off my CR or to pay the balance of $394 in order to have my status changed to "Paid in Full." She stated they cannot do a Pay for Delete as it is illegal and they can verify the debt is mine. What should I do next? Should I send a letter requesting the PDF anyway? Or Is it best to just pay the balance and hope my credit score improves? PLEASE HELP!!
  5. I have a Southwest Credit Systems collection on my credit report. I did not recognize this account but started putting two and two together. It is an old AT&T account (still within the SOL) that I thought had been closed and paid in full. My plan was to dispute the account as not mine since the OC is listed as Cingular Wireless. Before I could file the dispute with the CRA’s, I noticed that the amount owed to Southwest Credit Systems had decreased by exactly $300. Turns out my wife made a payment to AT&T a few months ago, in hopes of fulfilling the debt. She needs to start reading the vast amount of information on this site but I digress. AT&T reported the payment to Southwest who in turn decreased the balance. AT&T does not appear on my credit report. I called AT&T and found out that we still owe $350 but according to Southwest we owe $466. My question is who do I pay? I am under the impression that I should send a PFD letter to Southwest Credit Systems since there TL is on my report. However, I would prefer to deal with AT&T since they are accepting payment. Is there a way I can pay AT&T but insure the Southwest TL is removed? Any advice would be appreciated. I realize before we pay anymore we need to have everything in writing as to assure a PFD has been negotiated. Thanks
  6. New to the thread - I've got 2 questions. After being an irresponsible idiot in my younger days, I'm really trying to clean my report up. I had 4 negative accounts, 3 smaller accounts listed in collections and a student loan I decided to stop paying years ago. As for the student loan, last week I settled with the collection agency hired by the bank that backed the loan. I paid half and they will have it listed as settled in full (wasn't getting a PFD or anything else for that). The thing is, it's also listed 3 or 4 separate times on my credit report as charged off, filed with gov't, etc. This is with AES/NCT, things like that. How do I go about getting the other listings removed? Do having those listed affect my credit score? Just wondering because if I paid to have this settled (had to, since it was a student loan) should I still be getting dinged for the same thing by multiple other negative listings? Also, I had three other small debts in collections. I sent them letters offering payment for deletion from the 3 CR agencies (used form letters I found online - not accepting it's my debt, but offering payment if I got written agreement, etc.). I got a call from one of them today that they wouldn't PFD or even put paid in full but would take a smaller payment and put settled in full. I even offered to pay the full amount for deletion but they won't accept that. It seems they would rather take less money and give me a settled in full than full payment for a PFD. I asked for a number to the original creditor (Best Fitness). She said she'd give it to me, but I'd just be routed back to her since they were the collection agency in charge of Best's debt. I found it odd that they'd settle for less than full but wouldn't PFD if I gave the whole amount. Any suggestions here? I told her I'd have to consider my options and call back next week. Side note - this was regarding a contract I thought I had terminated but apparently had not completed the termination. Finally, does speaking about these debts restart any clock or anything, or will they still fall off 7 years after original delinquency? Thanks again for any input. Additional info - Any way I can write to the CRs to get the other related listings deleted? Is there some sort of form letter I could use? Should this be a dispute? Unsure of how that would work. Thanks again for your input. The three small ones - Best Fitness now with NH/NE $800 - Last August of '09. She seemed to be willing to take $500 for settlement but not the $800 for PFD Asset Acceptance - $239. Debt originally from an Express credit card. Something like 4 years ago. EOS/CCA - $135. Originally from AT&T. About 5 years old. They're definitely all valid debts. I'd like to get them off and not wait the seven years. I've managed to save up about a thousand bucks so I have the cash on hand to pay them all off. How do I fight Best Fitness? What do you think I should do to get them to pay for delete? I think it's insane, why would they take less? They were very adamant about how they would not PFD. Said that if I called Best they'd just route me back to her. I really have no idea what to do with these. I don't want to ask any friends for advice, it's pretty embarrassing and a lawyer seems pointless for the amount I have outstanding.
  7. New to the thread - I've got 2 questions. After being an irresponsible idiot in my younger days, I'm really trying to clean my report up. I had 4 negative accounts, 3 smaller accounts listed in collections and a student loan I decided to stop paying years ago. As for the student loan, last week I settled with the collection agency hired by the bank that backed the loan. I paid half and they will have it listed as settled in full (wasn't getting a PFD or anything else for that). The thing is, it's also listed 3 or 4 separate times on my credit report as charged off, filed with gov't, etc. This is with AES/NCT, things like that. How do I go about getting the other listings removed? Do having those listed affect my credit score? Just wondering because if I paid to have this settled (had to, since it was a student loan) should I still be getting dinged for the same thing by multiple other negative listings? Also, I had three other small debts in collections. I sent them letters offering payment for deletion from the 3 CR agencies (used form letters I found online - not accepting it's my debt, but offering payment if I got written agreement, etc.). I got a call from one of them today that they wouldn't PFD or even put paid in full but would take a smaller payment and put settled in full. I even offered to pay the full amount for deletion but they won't accept that. It seems they would rather take less money and give me a settled in full than full payment for a PFD. I asked for a number to the original creditor (Best Fitness). She said she'd give it to me, but I'd just be routed back to her since they were the collection agency in charge of Best's debt. I found it odd that they'd settle for less than full but wouldn't PFD if I gave the whole amount. Any suggestions here? I told her I'd have to consider my options and call back next week. Side note - this was regarding a contract I thought I had terminated but apparently had not completed the termination. Finally, does speaking about these debts restart any clock or anything, or will they still fall off 7 years after original delinquency? Thanks again for any input.