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Posted: Wed Nov 14, 2007 1:55 pm Subject: What is an way to raise your score

I got mine today and it is in the low 500's Crying or Very sad

I need to raise that asap

Posted: Wed Nov 14, 2007 2:14 pm Subject:

There is no quick way but it is possible thru hard work and the power of disputes. Pose your questions relating to your reports and we will try to sort it out.

Posted: Wed Nov 14, 2007 2:43 pm Subject:

Cajun is right...depending on your debts, without knowing more we can't help you a whole lot just yet. It does take some time to raise your score but there are things you can do. something off the top of my head that I do is pay all my bills on time and with credit cards I either pay them off in full or at the very least pay more than the minimum. that helps...please let us know a bit more about your situation

Posted: Wed Nov 14, 2007 2:48 pm Subject:

Well I have sent out verification letters in regards to inquiries on my credit report and credit card bills

On my Equifax....

I am wondering should I pay off the small stuff??

Like I have something on there for a tmobile cell phone bill for 85 dollars and the first date of delinquency was 02-2001 and it says that the date reported was 7-2007, now i have called this company and asked about this, because i dont recall having a balance left on this phone, i havent gotten anything back from them, i faxed and mailed a letter to them.

A couple of doctors bills, one from 10-2002 for 181 dollars, and one from 7-2006 for 55 dollars

I also have another cell phone bill from cingular for 673, i sent them a letter asking for a settlement, this is from 2-2006

All those above are in collections

The largest thing that i have on there is my credit card with wells fargo financial, my balance to pay that off is 831, and i got that back in feb is this year.

I have a credit card with hsbc that is past due, i owe 682, the limit was 300 dollars, and it is past 120 due.

Now which of these should I focus on the most, or how can I raise my score?

Posted: Wed Nov 14, 2007 2:48 pm Subject:

Follow what bulldog says. You can dispute things a little at a time. I would dispute the old ones. Many companies do not have the staff to dig up old paperwork so they never respond and the item is removed for good.

Posted: Wed Nov 14, 2007 2:54 pm Subject:

A word of experience. Do not let the HSBC card go into collections. They will give it to a law firm who will sue you and you will wind up paying a lot more than you owe in legal fees and court costs. HSBC will not respond to any settlement request either. It is all or nothing with them.

Posted: Wed Nov 14, 2007 2:56 pm Subject:

Whenever you make a payment on a collection or a charge off, the seven year clock starts all over again and the item will be reported for seven more years from the date of payment. If you never pay a collection then it will disappear seven years after the time you last made payment on the credit card that resulted in the collection.

So personally I would not pay off or pay on anything that old.

Posted: Wed Nov 14, 2007 2:59 pm Subject:

MCA is right. Dispute the old ones but do not pay on them. At least one that I see there is past any Statute of Limitations that I know of.

Posted: Wed Nov 14, 2007 3:01 pm Subject:

Statue of Limitations and credit bureau reporting is 2 diff things here! Please dont' forget this....
Just a little tid bit of info,
Ang

Posted: Wed Nov 14, 2007 3:04 pm Subject:

MCA this is the third post I have corrected behind bad information. Paying on a debt does not reset the reporting sol.This is spelled out in plain black & white in the Fair Credit Reporting Act. Sol for court action may be reset upon payment so check state law closely. Shocked

Posted: Wed Nov 14, 2007 3:05 pm Subject:

I was just letting her know that that one is not collectable if anyone comes calling.

Posted: Wed Nov 14, 2007 3:19 pm Subject:

Yea i got ya frogman! Just wanted to make sure jay understood that SOL and reaging a debt is 2 totally diff things!
Very Happy

Ang

Posted: Wed Nov 14, 2007 3:28 pm Subject:

Ok recently i was able to be a part of a workshop on credit and credit reporting. One of the mods answering questions was Rebecca E. Kuehn. This is about her and who she is then i will quote her answer to this question (hope this helps everyone to understand a little more)