"It shouldn't have. There are very precise methods in place to
dispute erroneous credit report entries."
Oh, I agree. It shouldn't have. We followed the steps over and over.
Finally threatened legal action.
I am sure that the problem was with BOA. I believe the credit companies
would remove
That is how it is supposed to work, but in fact, it does not always
happen that way, especially if the item in question is a tax lien, or
a credit card from a large bank like BOA.
On Sun, Jan 9, 2011 at 1:14 PM, Scott Stroz wrote:
>
> Actually, the law states that if you appeal something on your
Actually, the law states that if you appeal something on your report,
or report it as inaccurate, the credit bureau has 30 days to verify it
is correct or it has to remove it from your credit report. I have
gotten several things removed from my credit report over the years
because the credit repor
It shouldn't have. There are very precise methods in place to dispute
erroneous credit report entries.
A properly worded letter to both the creditor and the credit reporting
agency, sent certified, gives each recipient 30 days to investigate said
entry. If the creditor is one day late, they are l
-Original Message-
From: Jerry Barnes [mailto:critic...@gmail.com]
Sent: Sunday, January 09, 2011 06:53
To: cf-community
Subject: Re: Bank lowers man's credit score after he asked who owned his
mortgage loan.
Items do tend to stay on credit reports a long time and it is like pulling
teeth t
Items do tend to stay on credit reports a long time and it is like pulling
teeth to get erroneous items removed.
On one credit report, my wife and I had our score lowered because of a
charge at a dental office. We live in the triad of NC. The charge was at
an office in Vermont on a credit card
-Original Message-
From: Justin Scott [mailto:jscott-li...@gravityfree.com]
Sent: Friday, January 07, 2011 09:24
To: cf-community
Subject: RE: Bank lowers man's credit score after he asked who owned his
mortgage loan.
> 1. If they are going to be making money off of MY inf
On Fri, Jan 7, 2011 at 1:25 PM, Justin Scott
wrote:
> Old accounts will stay on the report for a number of years before they drop
> off. When I pulled my credit report last year my auto lease from 2000 was
> still on there (paid out in 2003). I'm about to pull mine for this year so
> it will be
> I think once you pay off a debt it's removed from
> your report. So they don't even know about it.
Old accounts will stay on the report for a number of years before they drop
off. When I pulled my credit report last year my auto lease from 2000 was
still on there (paid out in 2003). I'm about
On Fri, Jan 7, 2011 at 10:31 AM, G Money wrote:
> On Fri, Jan 7, 2011 at 9:22 AM, Cameron Childress wrote:
> > Suddenly taking on a large amount of new debt is not a huge red flag?
> > I'd certainly say it is.
>
> No, because "huge" is relative, isn't it?
Sure. Relative to your other debts. Wh
You are correct. I should have said it's not factored into your score.
On Fri, Jan 7, 2011 at 11:34 AM, Maureen wrote:
>
> Not true. All actions on an account show for 7 years, liens and
> bankruptcies for 10 years.
>
> On Fri, Jan 7, 2011 at 8:24 AM, Sam wrote:
>>
>> I think once you pay off
Not true. All actions on an account show for 7 years, liens and
bankruptcies for 10 years.
On Fri, Jan 7, 2011 at 8:24 AM, Sam wrote:
>
> I think once you pay off a debt it's removed from your report. So they
> don't even know about it.
~
I think once you pay off a debt it's removed from your report. So they
don't even know about it.
On Fri, Jan 7, 2011 at 10:31 AM, G Money wrote:
>
> No, because "huge" is relative, isn't it?
>
> If my entire credit history shows me paying off debt of a similar size in a
> timely manner, why su
they REALLY should have categorical credit scoring
1. house
2. auto
3. loans (secured)
4. loans (unsecured)
5. major credit cards
6. store credit cards
that way if im a fuckjob with 6,5,4,3 i can still live. cause we all know who we
pay first, and for me, its right on down the list above.
On Fr
They have a process for challenging, but it is difficult, and in some
cases impossible to get bad information removed. The IRS put a tax
lien on my partner's credit report in error three years ago, claiming
he owed them 30K when they actually owed him 12K. It dropped his
score more than 80 point
I was guessing that since your homes and autos total costs and
balances are on the report they would factor it in. I guess if you
owned ten homes outright they wouldn't know.
On Fri, Jan 7, 2011 at 10:05 AM, Justin Scott
wrote:
>
>> If I'm rich as shit, and want 100 different debt's open
>> at
On Fri, Jan 7, 2011 at 9:22 AM, Cameron Childress wrote:
>
> Suddenly taking on a large amount of new debt is not a huge red flag?
> I'd certainly say it is.
>
No, because "huge" is relative, isn't it?
If my entire credit history shows me paying off debt of a similar size in a
timely manner, wh
> 1. If they are going to be making money off of MY
> information, they should also be legally responsible
> to ensure that the information is accurate.
As an information broker relying on the banks and other financial
institutions to submit the records, it is nearly impossible for them to
ensur
On Thu, Jan 6, 2011 at 5:53 PM, G Money wrote:
> Yeah, I know that's how it works, I just think it's a stupid way to do it.
>
> The ONLY indication of whether I can "shoulder the load" of the debt, should
> be whether I pay them off in a timely manner.
>
> If I'm rich as shit, and want 100 differ
On Fri, Jan 7, 2011 at 9:05 AM, Justin Scott
wrote:
>
> The credit bureaus don't know how rich you are, only that you're taking on
> more debt and inquiring about more debt in a short period. If you're
> applying for a lot of debt in a short period, it's reasonable to assume
> that
> you're unab
> They also take into account your assets so if you are
> rich as shit and make all your payments you'll do fine.
Whoever you're applying for credit with will consider your assets, income,
credit score, job stability, marriage status, where you live, home
ownership, and a million other things to
> If I'm rich as shit, and want 100 different debt's open
> at once, but I manage to pay all of them off...why should
> my score have EVER go down?
The credit bureaus don't know how rich you are, only that you're taking on
more debt and inquiring about more debt in a short period. If you're
appl
, January 06, 2011 22:37
To: cf-community
Subject: Re: Bank lowers man's credit score after he asked who owned his
mortgage loan.
On Thu, Jan 6, 2011 at 4:21 PM, G Money wrote:
>
>
> I dunno.i though it was all bullshit. I paid off the TV and the
> furniture set the next
On Thu, Jan 6, 2011 at 4:21 PM, G Money wrote:
>
>
> I dunno.i though it was all bullshit. I paid off the TV and the
> furniture set the next day, and my score shot back up. Stupid.
That's because your "credit limit to available credit" ratio got a lot
more favorable.
Closing an open accoun
And then you lose your job. Several months of living off of
unemployment some of your bills are going on the "can miss a few
payments" pile. And that pile will grow.
They also take into account your assets so if you are rich as shit and
make all your payments you'll do fine.
.
On Thu, Jan 6, 2
Yeah, I know that's how it works, I just think it's a stupid way to do it.
The ONLY indication of whether I can "shoulder the load" of the debt, should
be whether I pay them off in a timely manner.
If I'm rich as shit, and want 100 different debt's open at once, but I
manage to pay all of them o
: Thursday, January 06, 2011 14:13
To: cf-community
Subject: Re: Bank lowers man's credit score after he asked who owned his
mortgage loan.
On Wed, Jan 5, 2011 at 10:03 AM, Casey Dougall
wrote:
>
>> Complete misreporting...
>>
> Exactly!
Aye! Motion carries.
Big f'i
On Thu, Jan 6, 2011 at 4:15 PM, Rick Eidson wrote:
> I am about a 720 but when I tried to do a Pay later on Paypal I got denied
> and it went on my credit report as a hard enquiry and will now lower my
> score! I think it's all BS! I worked hard to recover from poor debt
> management from almost
On Thu, Jan 6, 2011 at 4:43 PM, Sam wrote:
> I heard that the "no payments for a year" store offers hurts your
> credit. You just confirmed it.
For a good credit score you should owe less than 35% of your available
credit card balances. The "no payments for a year" deals are often a
credit card
> I heard that the "no payments for a year" store offers
> hurts your credit. You just confirmed it.
ANY new account opened on your credit report will hurt your score in the
short term. Brings the average account age down and increases your debt
used vs. debt available ratio, both of which will
> This puzzled me since i'd never missed a payment.
They factor a lot of things into the score including how many accounts you
have open, the balances on those accounts, the ratio of credit used vs. how
much is available, payment history, how much credit you apply for over a
period of time... the
I heard that the "no payments for a year" store offers hurts your
credit. You just confirmed it.
.
On Thu, Jan 6, 2011 at 4:21 PM, G Money wrote:
>
> Credit scores make no sense to me.
>
> About 4 or 5 years ago, I started getting notices from places when applying
> for credit that I was not g
ursday, January 06, 2011 2:13 PM
> To: cf-community
> Subject: Re: Bank lowers man's credit score after he asked who owned his
> mortgage loan.
>
>
> On Wed, Jan 5, 2011 at 10:03 AM, Casey Dougall
> wrote:
> >
> >> Complete misreporting...
> >>
n
the last 7 years...
Rick
-Original Message-
From: Rick Root [mailto:rick.r...@gmail.com]
Sent: Thursday, January 06, 2011 2:13 PM
To: cf-community
Subject: Re: Bank lowers man's credit score after he asked who owned his
mortgage loan.
On Wed, Jan 5, 2011 at 10:03 AM, Casey Doug
On Wed, Jan 5, 2011 at 10:03 AM, Casey Dougall
wrote:
>
>> Complete misreporting...
>>
> Exactly!
Aye! Motion carries.
Big f'ing deal, so his credit score went from 780 to 740. 740 still
puts him in the top 2-3% and I highly doubt that his insurance went up
because of it.
I wish my credit wa
funded by tits!
delish.
On Wed, Jan 5, 2011 at 2:34 PM, Jacob wrote:
>
> Must be.. my payment is $2100.. P&I
>
> And I am in Southern California.
~|
Order the Adobe Coldfusion Anthology now!
http://www.amazon.com/Adobe-Coldfus
Must be.. my payment is $2100.. P&I
And I am in Southern California.
-Original Message-
From: Justin Scott [mailto:jscott-li...@gravityfree.com]
Sent: Wednesday, January 05, 2011 11:10 AM
To: cf-community
Subject: RE: Bank lowers man's credit score after he asked who
> "...wasting thousands of dollars every month..."
That must be some home!
-Justin
~|
Order the Adobe Coldfusion Anthology now!
http://www.amazon.com/Adobe-Coldfusion-Anthology/dp/1430272155/?tag=houseoffusion
Archive:
http
A clue to the lower score:
"...he started looking for debt relief on his Reno"
On Wed, Jan 5, 2011 at 9:51 AM, Jacob wrote:
>
> Unless BofA posted misinformation or made a hard pull, I don't see how BofA
> could have lowered is credit score.
>
> A 40 point swing is nothing. You credit score fl
...
>
> -Original Message-
> From: Vivec [mailto:gel21...@gmail.com]
> Sent: Wednesday, January 05, 2011 6:35 AM
> To: cf-community
> Subject: Bank lowers man's credit score after he asked who owned his
> mortgage loan.
>
>
> http://www.huffingtonpost.com/2011/01
On Wed, Jan 5, 2011 at 9:51 AM, Jacob wrote:
>
> Unless BofA posted misinformation or made a hard pull, I don't see how BofA
> could have lowered is credit score.
>
> A 40 point swing is nothing. You credit score fluctuates. And it is never
> the same between all three credit reporting compani
ssage-
From: Vivec [mailto:gel21...@gmail.com]
Sent: Wednesday, January 05, 2011 6:35 AM
To: cf-community
Subject: Bank lowers man's credit score after he asked who owned his
mortgage loan.
http://www.huffingtonpost.com/2011/01/05/honey-i-shrunk-the-credit-score_n_8
04105.html
"Steve
http://www.huffingtonpost.com/2011/01/05/honey-i-shrunk-the-credit-score_n_804105.html
"Steven Marks knew he was wasting thousands of dollars every month paying
the mortgage on a home he bought during the housing bubble that will never
be worth that much again.
But he'd read plenty of horror sto
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