Archive for the ‘Credit Report’ Category:
Can a collection agency re-open a nine year-old unpaid debt?
Can a collection agency reopen a nine year-old unpaid debt? I used to be terrible about paying bills, but I’m much better now and I finally have excellent credit. Most of the old delinquent accounts were paid off, but on one of the oldest, I chose to wait out the seven-year credit reporting limit instead of paying it. Two years ago it went off my credit report right on schedule.
Today I received a letter saying that the debt has been purchased by «LVNV Funding LLC» and that it is being collected by «Merchant’s Credit Guide, Co.» Doing a bit of googling, it looks like they’re both owned by the same company, and that I likely don’t owe them anything. I’m sending them this letter disputing the debt tomorrow. My question: is there any way they can reopen this so that it somehow ends up on my credit report?
Original text: Can a collection agency re-open a nine year-old unpaid debt?
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How do I get my credit report corrected?
Since my wallet was stolen, I’ve been trying to get a particular inaccuracy on my credit report corrected with no luck. I have written to the company that owns my report using their own online dispute form and via snail mail. It’s been 6 months and I don’t know what else to do to get them to respond. Last November, I reported my credit card stolen immediately and the number was deactivated before any false transactions could take place. I was issued a new card and number by the same company, who promised to report the card as lost/stolen to the company that owns my credit report. My balance at the time was transferred to the new card.
The credit reporting company — which is affiliated with Equifax, no less — has never removed the old card with its old balance from my report. Because I was at the end of a lengthy business trip at the time and using it for large expenses, the balance was over 2k when it was stolen. So, according to my report, I have 2k+ worth of debt waiting to be paid off, when in fact it has long been paid off. This is lowering my FICO score significantly.
This company only one phone number on its site that is unusable because it only provides information on how to file a report, not customer service, which I sure as hell think should be illegal for a company that controls such vital information, so I can’t call and talk to a human being. They’ve not responded to my several written requests. My credit company says they’ve provided the information to them and there is nothing more they can do to intervene. Despite that I purchased a year’s worth of an expensive credit report update service from them, Equifax also will not intervene, but just punts me back to this same damn unresponsive company. I will shortly be making a purchase that will require my credit to be as solid as possible, so the situation has become urgent. How do I force them to clean up their act?
Original text: How do I get my credit report corrected?
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Will my potential employer check me out?
Background checks: I have a job interview coming up, and wonder if they’ll do a credit check. If they do, I’m in trouble. I need this job very badly…thus the bad credit. Besides credit, employers may check education and criminal backgrounds (mine are clean), but do they have to let you know? How do you ask a potential employer about this without raising flags? While we’re on it, is there a secret shit-list out there that employers may go to to see if you’re a loser? Especially in software/web development in the northwest…
Original text: Will my potential employer check me out?
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repairing a credit report
I’m in college in the U.S., and have a few state student loans. They were under a forebearance that I once requested, which ended four months ago. I didn’t realize this, and ignored the mail that was sent about it because I thought it was the usual mail they send me about how I have a loan and ads for consolidation. I just recently got this fixed and the forebearance backdated so it will have another year from when it ended. But I now have two 60-day late marks on my otherwise good credit report. Anything I can do to get rid of them?
Original text: repairing a credit report
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Unpimp Your Credit Score, Say Yahhhh
In the last few years, Fair Isaacs, along with the FTC have made considerable effort in educating us in how our credit scores are derived. But is the whole system about to change? In a somewhat quiet AP story, the three major credit bureaus, Equifax, Transunion, and Experian, announced they had agreed on a new common formula for generating your credit scores: VantageScore. [more inside]
Original text: Unpimp Your Credit Score, Say Yahhhh
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Fannie Mae designation on credit report?
Why does my credit report list our mortgage as a Fannie Mae account? As part of the kickoff to the Year Of Paying Cash And Not Screwing Up (yay), I pulled our credit reports from Equifax tonight. We’ve had a conventional, 30-year mortgage with GMAC (no PMI) since 2003. In the comments under our GMAC listing, it says «Fannie Mae account.» Just curious, why would that be worth noting? I don’t remember seeing it on prior reports, but maybe Fannie just wasn’t on my radar screen before.
And on a side note, does anyone know what would happen to mortgagees if GMAC doesn’t survive its restructuring?
(I think I felt better when I wasn’t paying close attention to stuff like this.)
Original text: Fannie Mae designation on credit report?
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- My tax returns are being sucked up by unpaid Stafford Loans that have long disappeared from my credit report. If I offer to pay the whole thing off, what can I expect?
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Should I fix a credit report typo?
Should I fix a minor typo on my credit report? My credit report contains a minor error in my personal information. An old address of mine is listed three times: two times with the correct house number and street name but slightly different street abbreviations (Cir and Crl for Circle–note I am not concerned about that discrepancy), and once with the wrong house number but correct street name. The numbers are the same but two digits have been switched. In all, the three addresses are (for example):
2402 Oak Cir,
2402 Oak Crl, and
2042 Oak Cir
I realize this is a very minor mistake, and it seems to me that anyone looking at it would assume that the last address is a typo. I know there is a procedure for fixing errors, but I would like to know if it is something I actually need to worry about. The typo has been in place for a few years and in the meantime I’ve had no trouble getting approval for a credit card and car loan. The reason I am hesitant to go through with challenging the mistake is that it sounds like a major pain: sending certified letters to all 3 reporting agencies, getting proof of the old address (I’m sure I could find something, but probably not until I go home to «2402 Oak Cir» this Christmas), and waiting a fairly long time before it would even be fixed.
Has anyone been in a similar situation and want to share your advice? Is it easier than I’m anticipating? I don’t want to do anything that would potentially hurt my credit rating so I’m happy to fix this if it’s important. Thanks in advance!
Original text: Should I fix a credit report typo?
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