Comments for The Better Credit Blog - Credit help, Dispute forms, and Fix bad credit

Comment on reader question: incorrect tax lien on Experian by Rose Pond

Rose Pond — Fri, 18 Jul 2008 02:36:20 +0000

Sorry, but the law (FCRA/FACTAct)allows a Chapter 7 bankruptcy public record to remain on credit reports for 10 years from date of discharge.

Comment on Want a Collection Entry Removed From Your Credit Report? Try Asking. by debt

debt — Thu, 08 May 2008 10:19:01 +0000

A real look into why credit cards could be dangerous in high school would have been very helpful.
thanks for the tip,
gary

Comment on How to Remove a Chapter 7 Bankruptcy From Your Credit Report by juan

juan — Sat, 26 Apr 2008 17:29:12 +0000

Hi. My bankrupsy is over seven years old. My credit has been perfect since I filed back in 2007.
I am considering doing this, but can’t find the procedural letters in your article when I go the link.
Can you post the procedural letter you are refering to?

Comment on How to Remove a Chapter 7 Bankruptcy From Your Credit Report by madalyn

madalyn — Thu, 17 Apr 2008 17:18:23 +0000

My husband and I are currently looking to purchase a home and althought the income is there, we have a problem with his prior bankkruptcy in 2002. We are looking into having his credit repaired, but i am worndering if this has worked for anyone before we start soeone else to repair it.

Comment on Why It’s So Difficult to Find Honest Credit Help by Jim

Jim — Thu, 03 Apr 2008 15:03:59 +0000

This is a common problem. Credit repair is complicated, aggrivating and annoying. Believe me, I tried myself, then I decided to hire someone and got ripped off by a law firm called lexington credit attorneys, then I tried another company which did nothing. Finally I used a company called credit assistance network in florida and amazingly they did a great job. They were not able to remove everything negative, but they did get most of it off. My point is, be very careful about finding the right solution to your problem because the wrong decison can land you with even bigger problems than you had to begin with.

Comment on Reader Question: Screwed by debt collector re: charge off by Yolanda

Yolanda — Tue, 01 Apr 2008 18:01:06 +0000

Hi Will, How to avoid a write off? The age of the account past due plays a huge part in how to avoid a write off situation. Settling a debt with a collection agency is not a good thing. You have to act quickly once the collection agency begin to get involved. Because it still will show on your credit report a percentage of the debt was a loss by that creditor. I work for Trans Union as a business analyst with knowledge of credit. My futuristic advise to anyone thinking about paying a collection. If it is not yet 60 days in collections and you can pay atleast 50%…DON’T DEAL WITH THE COLLECTION AGENCY! Thier persuasive tatics are BS. Go to the source which is your creditor depending on time frame. How old is the debt? The earlier the better is important. Because once the collection agency is involved it takes 60 days to hit your report if you are not making any effort to pay. You have time to work out a payment plan with the creditor. But if you discuss with the creditor a payment arrangement that is better than looking for a cheaper way out that will harm your credit anyways. Because dealing with the collection agencies will possibly add an additional record to your report if it is over 60 days. The account will show as a collection and an account with that creditor. You have to be mindful. Before settling the debt make an arrangement that pays the debt in full overtime….3-6 months perhaps…For example if you would have paid to your creditor $867 towords that $1400 with a $533 balance to pay overtime…Your scores would have definately increased more than 4 points even if you were late a few times in the past. Why? Because you paid over 75% of the balance. Which is a plus in the creditor eyes. Depending on your balance owed and ofcourse repayment abilities this works. Thanks for reading.

Comment on How to Remove a Chapter 7 Bankruptcy From Your Credit Report by Yolanda

Yolanda — Tue, 01 Apr 2008 17:07:18 +0000

Hi all! Personally an employee of Trans Union for over 8 years as a business analyst not in consumer relations I do agree with the information passed on here. Credit agencies donot call bankruptcy court houses which is very true. Which opens the door to start your dispute as a consumer with FCRA rights as your defense. In my opinion this is very likely to accomplish with tremendous efforts. I would agree if you follow his/her instructions that chapter 7 judgement is very likely to fall off in the public record area. It may take 60-120 days to succeed. How the Chapter 7 debt is revised? I am not sure about from a credit scoring aspect. Which is very important concerning your scores/debt to ratio. Because we have to keep in mind every creditor added to your bankruptcy is indicated individualy on the credit report. How is the debt listed under the bankruptcy concerning the $0 owed verses the balances originally owed? Anyone who has succeeded with positive results disputing the bankruptcy off thier credit report? Please share your experience here with us. Thanks!

Comment on Want a Collection Entry Removed From Your Credit Report? Try Asking. by jason

jason — Wed, 26 Mar 2008 00:12:33 +0000

how to remove the collection an accounts
has been paid 2 years ago if possible how much and howlong take a time
I have a just one collection account
let me know give us mail

Comment on Why I am starting this blog by Candida Ruiz

Candida Ruiz — Sun, 23 Mar 2008 02:15:01 +0000

I’m a student with no income. How do I get the credit card people to understand that I have no money to pay them? Someone came to my house today with papers from a 3rd party creditor. Should I contact them and tell them about my situation? Can they sue me for the money? Thanks!

Comment on How Credit Inquiries Can Affect Your Credit Score by Austin

Austin — Thu, 13 Mar 2008 09:32:40 +0000

As said in the above post if these inquiries are made. It will result in by affecting the credit score. Car dealings with credit may affect in huge deals as said by jenni.