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Victory!.....I think

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Money Talk > Credit & Loans

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Victory!.....I think  Reply with quote  

After going back and forth with a local credit union...PFFCU...in Phila. They are going to finally remove a 30 day late from Oct '10.

I had two accounts with them. A signature loan and a credit card. The late was hurting my score so I got it removed from two reports (not mine) but the only cra reporting the 30 day late was guess who..........Experian!

I offered to pay off my credit card in exchange for removal of the interests charges, most of the late fees ever accrued, and finally that 30 day late!

This is the same 30 day late their "Lawyer" said would be illegal to remove. It cost me a pretty penny but once it is removed, I am going to get it put back on the other reports. (How easy is that? I need a letter for that.)

My scores should be cool then. My experian score was the lowest at 718. What kind of jump could I expect?
Post Tue Sep 13, 2011 1:18 am
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The CRA's are only supposed to file (and factor into the score) what the card servicing outfits report to them; if you could get a card servicer to make a late payment disappear from THEIR records, then it should also disappear from the CRA credit history. It shouldn't take longer than the next billing cycle, I don't think. So if it's still on the credit report after it disappeared, then it should be a disputable item, no?

More power to ya; I think ya done well!! Very Happy

Post Tue Sep 13, 2011 6:09 am
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This seems pretty cool. However, I think it might be a short term solution. I still think that the best thing to do is to really try to cut off expenditures from your credit card, and minimize possible charges. It is good to have credit cards beside you that when one day comes and you need it, you have one. But it is another thing to have a credit card and using it to pay for another debt with the vicious cycle going on. Eventually, you will see so many people doing that. As for your case, I think the solution is short. You can go for a more stable solution.

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Post Tue Sep 13, 2011 6:16 am
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