Help - Ok I Have My Credit Report Right In Front Of Me, I Want To Dispute.
Ok I have my credit report in fron of me that I recieved Jan. 4th this year. I have 3 negative problems with it and need to know how and if I can dispute.
1. 1/1/02 civil judjment against me for $1,822 ( I never paid, the crook destroyed his own home I was renting took pictures and then took me to court the judge bought it!!!)
2. it says Date opened 11/01, and date of status 5/03, $8059 written off for a Chase credit card
3. Date opened 8/00 date of status 5/02, $11,316 charged off, auto loan that went bad.
I have their address as well on the reports. From what I understand I write them a letter and thats all I know. what do I put in the letter? I know someof you will say "pay them off" well I'd love to but my situation won't let me, all this came down on me when I had no idea what credit even was. I'm now trying to Save my home I managed to buy but I'm paying off 2 years of back payments and taxes and forclouser fees, my normal home payment is $553 a month I'm paying $986 a month right now and barley, I mean barley keeping food in the fridge and the lights on, I need to improve my credit score so my home loan people will refinace me and roll all those payments back in to the loan so I have a lower monthly payment. To my understanding my credit at that point Jan. 4th was a 501 I have not done anything to worsin that. I guess my question is What do I write in my letters to dispute these negative marks on my credit. You are all great thanks so much.
You can write all you want but it won't do any good. They are not mistakes. was the 501 a middle score, high score, or low score.
Lori
[addsig]
believe it was the avarage score of all three.
goto to creditboardsdotcom, they are a great help when needing credit help.
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On 2004-05-13 21:50, tinman1755 wrote:
You can write all you want but it won't do any good. They are not mistakes. was the 501 a middle score, high score, or low score.
Lori
I've read some of your other posts where you seem to not agree to people trying to repair their credit, which is fine and your perogative but why give someone false information and tell them it won't do any good?
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On 2004-05-13 23:42, suntzu18 wrote:
goto to creditboardsdotcom, they are a great help when needing credit help.
I agree.
You gotta be kidding! The info is correct and will hopefully prevent landlords from renting to you. These are self-inflicted problems and any thought of getting them off your report before the 7 years are up, I would forget. Why do you think credit checks are made?!? To weed out those who are likely to defraud again!
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On 2004-05-14 00:05, LoneGunman wrote:
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On 2004-05-13 21:50, tinman1755 wrote:
You can write all you want but it won't do any good. They are not mistakes. was the 501 a middle score, high score, or low score.
Lori
I've read some of your other posts where you seem to not agree to people trying to repair their credit, which is fine and your perogative but why give someone false information and tell them it won't do any good?
The reason is this, I have dealt with people's credit and financial problems since 1987. i would rather give people the truth, and have them make a choice, than to hang on to empty and foolish ideas.
Lori
[addsig]
I'd rather see someone who has made mistakes fight to restore their credit, no matter how scant the successes or how futile the effort, rather than simply sink back into the underclass and say "success in life is not for me".
Regardless of whether the listings are in error, they can be disputed, often with success. If the OP is able to make modest improvments and get back on the path, chances are he or she will never allow it to happen again. Why name-call or talk about how creditors were "defrauded" ... people face tough circumstances all the time, and while sometimes it's totally their fault, other times they're totally blameless. We don't know which end of the spectrum the OP belongs on, why judge?
Better to gain the knowledge and then decide what moves are smart and what aren't. What's likely to happen and what isn't. Then dispute, settle, dispute some more ... swim sideways to the ripcurrent, make it back to the beach, rest a little and get up and resume normal life. [ Edited by flacorps on Date 05/15/2004 ]
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On 2004-05-14 22:07, tinman1755 wrote:
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On 2004-05-14 00:05, LoneGunman wrote:
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On 2004-05-13 21:50, tinman1755 wrote:
You can write all you want but it won't do any good. They are not mistakes. was the 501 a middle score, high score, or low score.
Lori
I've read some of your other posts where you seem to not agree to people trying to repair their credit, which is fine and your perogative but why give someone false information and tell them it won't do any good?
The reason is this, I have dealt with people's credit and financial problems since 1987. i would rather give people the truth, and have them make a choice, than to hang on to empty and foolish ideas.
Lori
No, you are not giving them the truth. The truth is credit repair does work . I'm not saying credit repair will help someone who has a score in the 500's to get A tier scores overnight but I have not found a single person who put the knowledge they gained from creditboards to use and not gained a substantial improvement.
You're the mortgage broker so let me ask you a question. What's the interest difference between someone who goes to a subprime lender and one does not need to and in your opinion what would be the minimum difference of fico points between them? See what I'm getting at? You may morally object to consumers disputing debts that are theirs but what about people who have multiple negatives from ONE account, reaged negative accounts or negatives that are truly not theirs? Should they just pay them as you advise or should they dispute them?
Anyone who claims it does not work either has not checked into it and should not be advising people on decisions that can change their life or they have an ulterior motive.
Thank you so much flacorps, you have descibed the situation to a T. I did screw up and that was 3 or 4 years ago, I now have learned how very very important it is to have good credit and how to judge to use it correctly. I will never ever let another payment go unpaid, I was a stupid 22 year old kid you lost his job maxed out his credit card to survive (food and shelter was bought with it) and my newer 97 chevey caviler blew up and I had purchased the warrenty with it but they weasled out of fixing it so I had a $10,000 chevy paper weight, I was so mad I refused to pay the bank and tried to get them to use their leverage to scare the car dealership (didn't work). so ya I had my problems but I will never let myself get in those positions again. I'm just trying to payoff my house thats all I want, but I want to eat at the same time I do that. Thank you flacorps....
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On 2004-05-15 09:06, LoneGunman wrote:
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On 2004-05-14 22:07, tinman1755 wrote:
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On 2004-05-14 00:05, LoneGunman wrote:
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On 2004-05-13 21:50, tinman1755 wrote:
You can write all you want but it won't do any good. They are not mistakes. was the 501 a middle score, high score, or low score.
Lori
I've read some of your other posts where you seem to not agree to people trying to repair their credit, which is fine and your perogative but why give someone false information and tell them it won't do any good?
The reason is this, I have dealt with people's credit and financial problems since 1987. i would rather give people the truth, and have them make a choice, than to hang on to empty and foolish ideas.
Lori
No, you are not giving them the truth. The truth is credit repair does work . I'm not saying credit repair will help someone who has a score in the 500's to get A tier scores overnight but I have not found a single person who put the knowledge they gained from creditboards to use and not gained a substantial improvement.
You're the mortgage broker so let me ask you a question. What's the interest difference between someone who goes to a subprime lender and one does not need to and in your opinion what would be the minimum difference of fico points between them? See what I'm getting at? You may morally object to consumers disputing debts that are theirs but what about people who have multiple negatives from ONE account, reaged negative accounts or negatives that are truly not theirs? Should they just pay them as you advise or should they dispute them?
Anyone who claims it does not work either has not checked into it and should not be advising people on decisions that can change their life or they have an ulterior motive.
Based on the three accounts in question, it is my professional opinion and expertise , based on the dates of 01/2002, 05/2003 and 05/2002. Those accounts are not what is putting the score at 501. As you know as long as an account stays dormant, your credit will go on the rise as long as you pay the rest of your bills on time. The more times you dispute a real charge that has not "seasoned" the more you draw attention to it.
Lori
[addsig]
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On 2004-05-15 23:48, tinman1755 wrote:
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On 2004-05-15 09:06, LoneGunman wrote:
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On 2004-05-14 22:07, tinman1755 wrote:
Quote:
On 2004-05-14 00:05, LoneGunman wrote:
Quote:
On 2004-05-13 21:50, tinman1755 wrote:
You can write all you want but it won't do any good. They are not mistakes. was the 501 a middle score, high score, or low score.
Lori
I've read some of your other posts where you seem to not agree to people trying to repair their credit, which is fine and your perogative but why give someone false information and tell them it won't do any good?
The reason is this, I have dealt with people's credit and financial problems since 1987. i would rather give people the truth, and have them make a choice, than to hang on to empty and foolish ideas.
Lori
No, you are not giving them the truth. The truth is credit repair does work . I'm not saying credit repair will help someone who has a score in the 500's to get A tier scores overnight but I have not found a single person who put the knowledge they gained from creditboards to use and not gained a substantial improvement.
You're the mortgage broker so let me ask you a question. What's the interest difference between someone who goes to a subprime lender and one does not need to and in your opinion what would be the minimum difference of fico points between them? See what I'm getting at? You may morally object to consumers disputing debts that are theirs but what about people who have multiple negatives from ONE account, reaged negative accounts or negatives that are truly not theirs? Should they just pay them as you advise or should they dispute them?
Anyone who claims it does not work either has not checked into it and should not be advising people on decisions that can change their life or they have an ulterior motive.
Based on the three accounts in question, it is my professional opinion and expertise , based on the dates of 01/2002, 05/2003 and 05/2002. Those accounts are not what is putting the score at 501. As you know as long as an account stays dormant, your credit will go on the rise as long as you pay the rest of your bills on time. The more times you dispute a real charge that has not "seasoned" the more you draw attention to it.
Lori
Thank you , great information.
You are welcome
Lori
[addsig]
Go ahead and dispute everything. I highly recommend you go to www.myfico.com and purchase your current report there. Once you purchase it, they will allow you to dispute all the information online, avoiding the whole certified mail process. It is clean, efficient, and the end result makes no sense....
So, I had a median credit score of about 670 last year, with two collections reported on my credit. One was a $66 charge from Bell Atlantic (are they even in business? lol) from some number in WV (where I never lived). I also had a $240 medical bill which the insurance company decided not to pay. None the less, it was legit. Both of these bills were 5-6 years old (left over from when I was 18 I guess).
Anyhow, I disputed both items and it was much easier to get the legit item removed than the bogus one. Go figure. It took like ~4 months of persistance but it is all cleared up now. Median credit score is ~780, not too bad.
So, credit repair does work! I see no reason that you shouldn't try to get the stuff removed, provided you have learned your lesson and won't make the mistake again.
-Chris
[addsig]
Ya I wish they covered the ins and outs of this in high school (Credit 101)... Amazing what they don't teach. This is something that no matter who you are your going to have to use it sometime or another... Better late than never...
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On 2004-05-16 19:00, c-brainard wrote:
Go ahead and dispute everything. I highly recommend you go to http://www.myfico.com and purchase your current report there. Once you purchase it, they will allow you to dispute all the information online, avoiding the whole certified mail process. It is clean, efficient, and the end result makes no sense....
So, I had a median credit score of about 670 last year, with two collections reported on my credit. One was a $66 charge from Bell Atlantic (are they even in business? lol) from some number in WV (where I never lived). I also had a $240 medical bill which the insurance company decided not to pay. None the less, it was legit. Both of these bills were 5-6 years old (left over from when I was 18 I guess).
Anyhow, I disputed both items and it was much easier to get the legit item removed than the bogus one. Go figure. It took like ~4 months of persistance but it is all cleared up now. Median credit score is ~780, not too bad.
So, credit repair does work! I see no reason that you shouldn't try to get the stuff removed, provided you have learned your lesson and won't make the mistake again.
-Chris
Disputing everything depending on how many items you are going to dispute can get you labeled as frivolous from the CRA. Also disputing without going about it the right way can do more harm than good. You can only dispute a certain amount of times before you get labeled as frivolous and if you become too much of a PITA to a CA and you are inside the SOL they will sue you and get a judgement .
Certified mail is used because it will hold up in a court of law, if it came to that.[ Edited by LoneGunman on Date 05/16/2004 ]
I don't think the three items he has is excessive, nor do I think they will consider him a PITA. I think the online method is the best alternative, especially for a first run at an item. He will need to send snail mail if he can provide additional proof as to why the items require investigation. Until then, I would spend the $36 for all 3 reports and take a crack at it.
-Chris
[addsig]
A "frivolous" letter isn't the end of the world. It's just a firmer "no" ... doesn't mean you can't dispute later, doesn't mean you can't invoke a procedural request, doesn't mean if you're right you can't sue them and win. Doesn't mean if you're wrong you can't sue them and make them delete it as a settlement anyway (probably not a good idea to try it with Experian ... they defend hard).
Plenty of people get a frivolous letter or dozen and still go on to persevere and get the delete they're after. If you're right, generate a massive papertrail and sue. If you're wrong, just keep plugging away ... in time you'll get lucky. You have all the time in the world to think about a way to put one past them, they have a few seconds to look at each dispute. You only need to get lucky once. I hate to compare it to terrorism, but the pot odds are pretty much the same, just without the mayhem.
Man, credit repair is all about enforcing your legal rights. Legal rights are independent of the character of the debt. Valid or invalid, your legal rights still apply. Once you learn how to create room for your adversary to violate the law, you will get results faster and more simply than by merely disputing over and over again.
I agree that credit repair works.
And it's harmless to write dispute lettes (I have written tons).
But I have to agree that when there are 3 derogs w/o any "explaination", it's hard to get them removed.
on the landlord deal let them know you're on the risk of bankruptcy, and work like to offer $100 to settle. 100 is better than nothing to the landlord.
As for the 2 write offs, bad debt sell for about .03/$. So will they settle for some small amount?
Last, is bankruptcy the right options? I got stiffed by some previous partners for a 35K lease gaurentee, I didn't have 35K spare. I was thinking about bankruptcy, but a settlement w/ full release was negotiated.
But it still cost me the legal fees and the 7500 (?) to settle.
People are more than just a score. How many have a story. For many just looking for the quick way out of a propblem, or at least in this case, a way to increase there score for ultimaly cheaper money.
Some do learn there lesson and others do not, there will always be those who abuse the system just to take advantage of some one else again.
The fico score is a tool, and a decent indicator. But not the complete picture nor is it infable.
if mind's and hearts could be read to know if the person was planing on paying back there loan, there would be no fico.
use your conscience as your guide ( if you have one ), as far as trying to change credit history