February 29, 2008

Annual Credit Report

Filed under: Credit Reports

My husband and I are working on improving our credit scores as much as possible, as we would like to buy a home next year.  As always the first step in this process is to pull our credit reports, simple enough right. For me this is true, for my husband this is proving to be more difficult. 

First you should know that he has never pulled his free report. We have gone to annualcreditreport.com (multiple times) and requested reports from each of the companies (multiple times).  Each time we get a response like “We were unable to process your request” or “We cannot provide your free annual report online.” 

I have searched FAQ pages and cannot find an answer for this.  I have called Experian and annualcreditreport.com and cannot get a real person so that i may ask the question. 

Please tell me you have an answer on why we cannot pull his free credit report online.

Carly (more…)

Short Sale Escape

Filed under: Short Sale

Hi, My salary is been reduced and own more then my house is worth.

I have contacted my lender and the loss mitigation rep said that I need to reduce even more my personal expenses and then try again for a short sale, because rigth now I do not qualify.

My mortgage is $ 3,700/month and my salary now is $ 4,500/month. I can not pay the mortgage and my bills.  

Please, what should I do now, walk away??? try deed in lieu??? foreclosure??? file B 13???

I’m not behind with payment yet. Thank you for your attention and help.  

Dulf (more…)

February 28, 2008

Should Judgment be a Guess?

Filed under: Judgment

I recently had my credit pulled and discovered that i have 2 judgements against me.

I went to the civil court house to inquire about these judgments and discovered that a hospital had their attorneys file a judgement against me and then sold the account to NCO and they filed a judgement against me for the same thing. the amounts owed are different because one of them adds on attorney and filing fees. can this happen?

i dont understand why the courts allowed two differnt companies to file against me for the same thing. i am trying to buy a house and they say i need to pay those accounts down before i could be approved. that is what i intended to do until i saw that i was being sued for the same thing twice to two different companies.

i dont know what to do.

i would like to make payments on at least one of the accounts but after reading the judgement filed against me, i am scared. there were parts of the judgement that made it seem like if they could find me they would take everyting i own to pay off the debt!

one is for 1700.00 and the other for 2300.00. any advice?

thanks. p.s this is the first time ive ever seen something like this online, thank you for taking the time to help us all.

Carissa (more…)

Help Center

Filed under: Credit Repair

i seen the things that u are capable of now how can u help me


Goodwill Provides Hope

Filed under: Credit Repair

I am a 46 year old man who for many years in my life lived beyond my means and as a result ended up with several negative accounts on my credit report. This included some student loans as well as credit card and other debts.  I got married  about a year ago and my wife and I are currently planning to start building  our “dream home” (on a lot which we already own) within the next few months.  The problem is of course that my credit report and scores may not be favorable in being approved for a construction loan.  My wife’s scores, incidently, are in a more acceptable range.

About six months ago, we set out to try and improve my scores by paying off all of the delinquent accounts on my report.  At first, my score increased (from 475 to 526 – equifax), but after a couple of months some of the accounts were still showing information which had not changed or that still had incomplete or erroneous information.  To correct this problem I filed dispute claims with equifax and transunion.  My thought was that the claims would be investigated, and that they would find my claims to be valid, change my reports to reflect the corrected information and my score would go up.  HOW VERY NAIVE OF ME!  I still don’t understand it all but somehow in all this my score over the next month or so dropped from 526 to 495. 

My score has since gone back up to 508 after one of the accounts did get reported as paid which had not been reported earlier.  I have inquired at a couple of places including equifax about explanations fro what I have experienced, and nothing that I have been told nor read has been as helpful as what I have learned from reading the blogs here at brokencredit.com.  I’m only sorry that I didn’t find your site before I started this mission. 

At this point all of the accounts in question are reporting $0 balances, however, some are still being reported as open accounts; some as collection accounts but no notations of being paid; some as paid collections; some as skip; and the student loan accounts are showing an opened date of 01/2001 which is now more than 7 years; etc. 

Am I doomed?  Have I made a total mess of trying to clean-up my report?  Is there any hope of being able to make my report and scores look more favorable? 

What are the chances of us getting approved for a construction loan with my middle score being in the mid 500’s and her’s being in the upper 600’s?

Gary (more…)

February 27, 2008

Delete for Payment

Filed under: Collections

I have a requestion regarding delete for payment. I have some collection matters on my credit report that are well over 24 months old and a new one from a Satelite Network that I thought had been paid in full. I have attempted to negotiate a delete for payment and have been told that they are unable to do that but can only show status as settled or as paid. I was told that it will affect my credit worse if I settle versus paying the matter in full. My questions are as follows:

1. If I can not negotiate a delete for payment for matters older than 24 months will it do me any good to settle these.

2. If I can not negotiate a delete for payment for matters under 24 months will it raise my score to settle them and if I settle for less than the full amount, will it affect my credit if it reads settled and not paid in full?
Whew!!!! Thanks so much. I am trying so hard to get my credit repaired from a time when my husband lost his job and it just seems immpossible at times.

Cyndi (more…)

Vanishing Inquiries

Filed under: Credit Inquiries

Where can I get daily credit reports? I can only find monthly and want to bump off some of my inquiries.


Results of the Week!

Filed under: Credit Repair

Adriel Torres is the CEO of Credit RepairCheck out Adriel’s Latest Results!

Folks, make sure you’re sitting down before you read the rest of this week’s incredible results, you will be blown away!! Nothing short of awesome!!! Ok, here we go:

1) American Honda Finance- This was a voluntary repossession on a lease (customer turned in the vehicle “on his own” before the lease agreement term expired, he had medical problems). The remaining balance was $3600.00. Account went into a charge off status, I challenged the information reported and Honda could not verify it, thus removed!! 

2) Republic Sec Bank/Wachovia- This was a closed credit card account with 3×30 late payments. Wachovia could not verify the account, thus removed!

3) American Honda Finance- Same as number 1, but Honda assigned 2 different account numbers to the same account, no wonder they can’t verify anything, they can’t even keep track of one account!

4) AT&T Wireless- This was an internal collection account for a cell phone bill for $968.00. AT&T sold it to NCO and could not verify the information, thus removed!

5) MAF Collection- This was a hospital/medical collection for $2398.00. MAF either did not respond in time or could not verify the account, thus removed!

6) NCO- bought the account from AT&T (#4). Reported the info incorrectly, thus removed! 

7) Burdines (now Macy’s)-Old credit card with 4×30 and 1×60 late payments. Could not verify the information, thus removed!!

Starting with this week’s results, I will also be reporting the point/score increase from the results and the dollar amount of collections removed. Ok, are you sitting down??? The increase on this report was a whopping 106 POINTS and $6966.00 dollars in collections removed!!!! Wow!! Stay tuned for next week’s results!!

Adriel D. Torres
Contact Adriel
Toll Free: 866.686.4289

Mixed Files

Filed under: Mixed Credit Report

In 2005 I had a chapter 13 bankruptcy. I am pay 500 a month for 3 years. I will be done in october.

I have a ton of wrong stuff on my credit report. From a house (I have ever owned a house) to Jewelery store credit with debt that they can’t find a record of me ever having an account.

Most of the delinquincies happen to be they can’t find any info on me when I call them.

There is a whole lot more on there such as jobs I have never worked towns I have never lived in and one report has 3 social security numbers for me which none are any of my family members or myself.

Please help!

John (more…)

February 26, 2008

Bank Failures

Filed under: Miscellaneous

WASHINGTON — The Federal Deposit Insurance Corp. is taking steps to brace for an increase in failed financial institutions as the nation’s housing and credit markets continue to worsen.

The FDIC is looking to bring back 25 retirees from its division of resolutions and receiverships. Many of these agency veterans likely worked for the FDIC during the late 1980s and early 1990s, when more than 1,000 financial institutions failed amid the savings-and-loan crisis.

FDIC spokesman Andrew Gray said the agency was looking to bulk up “for preparedness purposes.” The division now has 223 employees, mostly based in Dallas.

Source – Wall Street Journal Online

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