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| Favorite team: | LSU  |
| Location: | Haughton |
| Biography: | |
| Interests: | |
| Occupation: | Engineer |
| Number of Posts: | 13 |
| Registered on: | 11/24/2017 |
| Online Status: | Not Online |
Recent Posts
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re: Help With Credit - At A Loss
Posted by TDW163 on 11/28/17 at 7:58 am
Oh I know that there usually isn't a quick fix. It took me over 2 years to get almost 700. However this collection can possibly be dropped and I should be at 700 or better immediately. I'm still working on a few options. They would not do a pay for delete but after a little research, I've found that...
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re: Help With Credit - At A Loss
Posted by TDW163 on 11/28/17 at 7:54 am
It wasn't necessarily that I was going to stiff them but I had to negotiate. Also, I'd gladly pay Capital One but collection agencies are shady and that's putting it nicely.
We both have credit cards that we pay off completely most of the time and never carry more than 30% balance. I actually ju...
re: Help With Credit - At A Loss
Posted by TDW163 on 11/28/17 at 6:05 am
It's really not that hard to understand. I admit that I was terrible with my money nearly 3 years ago. I have been perfect since then. I went through a rough period back then and owed a lot of money. I thought I had everything paid off until this popped up.
This is something from nearly 3 years ...
re: Help With Credit - At A Loss
Posted by TDW163 on 11/27/17 at 8:18 pm
[quote][b]Common Myths[/b]"If I pay a debt owed in collections, my credit score will increase"[/quote]
[link=(https://www.reddit.com/r/personalfinance/wiki/collections)]LINK[/link]
"Again, no. A paid debt in collections is no better than a debt owed simply because the damage is already done by the...
re: Help With Credit - At A Loss
Posted by TDW163 on 11/27/17 at 7:51 pm
I called and paid it this morning. I wasn't trying to get out of it. I was trying to get it off my credit report completely. I've been told that a paid collection is pretty much just as bad as an unpaid as far as your credit score goes. In fact, many repair specialist will advise you not to pay it a...
re: Help With Credit - At A Loss
Posted by TDW163 on 11/26/17 at 11:08 pm
I want this house for sure but I'm not going to finance it at a high rate. Like I said before, I am much smarter with my financial decisions than I used to be. My reason for coming here was to see if anyone had a similar experience or knew what I could do to get my credit to what it was just a week ...
re: Help With Credit - At A Loss
Posted by TDW163 on 11/26/17 at 10:55 pm
Well I'm using an alter because several people on here know me IRL and my credit past is embarrassing. I've grown up a lot since then.
I will most likely just wait a little longer. This house being such a good deal on exactly what we are looking for is the reason I'm going all out. My credit was...
re: Help With Credit - At A Loss
Posted by TDW163 on 11/26/17 at 10:27 pm
She is already in the 700s. With her car note, this house is probably just a little more than she can get approved for. We both have credit cards that we pay off every month and we both have nice vehicles in our names that we have been paying without being late. You don't add over 100pts to your cre...
re: Help With Credit - At A Loss
Posted by TDW163 on 11/26/17 at 9:57 pm
Looking back I should have paid it right then. As I said before, I was looking to buy a house and was going to use that thousand, along with other money we have saved, as a down payment. I promise I had plenty of money to do it but figured I wouldn't even notice the small amount autodrafted from my ...
re: Help With Credit - At A Loss
Posted by TDW163 on 11/26/17 at 9:20 pm
I don't think so. She would be pretty close but I don't think she is quite there. I make a little more than twice as much as she does. We plan on living in this house for a minimum of 10-15 years so we want to get a house with plenty of room to grow our family. We already have 1 kid and want at leas...
re: Help With Credit - At A Loss
Posted by TDW163 on 11/26/17 at 8:53 pm
I'm not going to buy with this credit score. It was around 700 literally last week when I decided to get pre-approved. I was under the understanding that if I made payments that it would stay off my credit. They fooled me. I'm trying to figure out the best way to handle this collection. There is a l...
re: Help With Credit - At A Loss
Posted by TDW163 on 11/26/17 at 3:12 pm
I ordered myFICO scores and the ones that are considered for home lending are:
TU - 602
EQ - 631
EX - 604
I'm assuming I would have been good to go on this mortgage had this collection not been reported. This is so frustrating.
Unfortunately I think Portfolio Recovery may have covered the...
Help With Credit - At A Loss
Posted by TDW163 on 11/26/17 at 3:06 pm
In early 2015 I was laid off, got behind on my bills and my credit took a hit. Since then I have been perfect with paying on time and I've been watching my credit. I finally got back up to Almost 700. Portfolio Recovery called me months ago with 2 old accounts from Capital One totaling nearly $1,000...
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