Is it to late for me to rebuild my credit????
Date: Fri, 08/13/2010 - 11:02
Verizon from 03 or 04 for 120
Nextel from 02-03 for 140
Walmart from 04 180
PNC from 04 110
Wachovia 01 78
the rest are student loans. well a few years ago without really looking into it i consoidated them and been trying to pay off. well luckly Great Lakes(people I consolidated with) been working with me. So anyway I wanted to get into law enforcement( I graduated in 05 with a degree in Computer Networking but been having 1 of this mid-career crisis) and been trainng to become a US Marshal and what not. Training by getting in shape and learning more about law enforcement and what not. So I noticed most government jobs require a credit check. So I was trying to apply for a job as a TSA. After I realized they require a credit check after you pass the computer base exam I didnt even bother to apply for the test or anything in law enforcement in that case. Its been killing me because even though I didnt go for the test I still probably wouldnt have made it past the credit check. Being im 27 i still have some time to get into the Marshal services but I cant seem to get ahead enough to start paying off on the old stuff from years ago.
So what im asking is, would it be best for me to start paying off that stuff? or is it to late since they were so long ago. I just started(well it didnt open yet) a job in surveillance. School loans are being paid for starting Sept. While there is no way I will be paying 35k up front, would it be worth it to pay off the charge offs? Would it raise my score? I dont expect it to raise it alot but I guess a little here and there wouldnt hurt.
Thanks for any advice in advance and sorry for the long story
How old are your debts? I am all for paying off your debts (you
How old are your debts?
I am all for paying off your debts (you incurred them, you take responsibility for them). But, it is your conscience.
After 7 years they disappear form your credit report.
It is really never to late to help your credit score. You should examine what your goals are.
Sadly more an dmore employers , insurers and other services are runnig credit reports and making decisions based on them. It sucks.
Dear Cig.....yes, credit checks are a problem..especially in law
Dear Cig.....yes, credit checks are a problem..especially in law enforcement. Have you thought about what else you could do int he meantime? All of your "baddies" should fall off withing 7 years paid or not. If you can pay....pay....or try to settle old accounts. You are young and your credit score will recover if you learn and pay your bills on time and do not use credit you cannot pay back. In the meantime, think about your career....things will never be better than at 27!! Have you considered health care? A lot of times, they will do a background check but not a financial credit check. Think about what you can do!!! Ruminating about what may be very difficult to do (right now) is not helping you with a career or helping you pay off debt. Don't go to the hardware store for eggs!!! What can you do?
Quote:Originally Posted by cjg761983I just keep feeling like may
Quote:
Originally Posted by cjg761983 I just keep feeling like maybe my chances are very slim. Im 27 and I have bad credit. :( I know its my fault and I shouldve been more responiable back in the days. Most things are charged off already and what not. Its just small things like( and these numbers are estimates or close to) Verizon from 03 or 04 for 120 Nextel from 02-03 for 140 Walmart from 04 180 PNC from 04 110 Wachovia 01 78 the rest are student loans. well a few years ago without really looking into it i consoidated them and been trying to pay off. well luckly Great Lakes(people I consolidated with) been working with me. So anyway I wanted to get into law enforcement( I graduated in 05 with a degree in Computer Networking but been having 1 of this mid-career crisis) and been trainng to become a US Marshal and what not. Training by getting in shape and learning more about law enforcement and what not. So I noticed most government jobs require a credit check. So I was trying to apply for a job as a TSA. After I realized they require a credit check after you pass the computer base exam I didnt even bother to apply for the test or anything in law enforcement in that case. Its been killing me because even though I didnt go for the test I still probably wouldnt have made it past the credit check. Being im 27 i still have some time to get into the Marshal services but I cant seem to get ahead enough to start paying off on the old stuff from years ago. So what im asking is, would it be best for me to start paying off that stuff? or is it to late since they were so long ago. I just started(well it didnt open yet) a job in surveillance. School loans are being paid for starting Sept. While there is no way I will be paying 35k up front, would it be worth it to pay off the charge offs? Would it raise my score? I dont expect it to raise it alot but I guess a little here and there wouldnt hurt. Thanks for any advice in advance and sorry for the long story |
Dude, it's never too late. First, you have to KNOW YOUR RIGHTS!!!!
Google: Fair Credit Reporting Act. Print it. Read it. Know it.
Anyone reporting debt that is over 7 years, or maybe 7.5 years is breaking the FCRA. Unless you've had a Bankruptcy or the like, which can stay for 10 years. The FCRA will tell you how long they can report these negative items. If you have something from 2001 on your credit report, it's likely not supposed to be there.
Anything not supposed to be on your credit report, dispute it. Send the credit reporting agency a letter of dispute for each of these accounts by certifed return receipt request (costs about $6 at the post office). Then they have 30 days to investigate and correct it. Theoretically, if they don't remove these items, you can file a lawsuit.
Another method I came across, which is something that a number of the credit clean-up companies use, is just disputing the hell out of your credit report. I've started this myself about a month ago, and already my wife's credit has had some negative items removed.
For step by step on this method, consider following this: http://www.creditinfocenter.com/repair/Repair.shtml
In all likelihood, these creditors can't provide validation for your debts because they are pretty old (2001 - 2004). So if you dispute them, the credit reporting agencies will probably just take them off your report.
It's a little work, but if you are motivated, it would likely help your credit quite a bit.
Also, consider googling the name Mike Mirras and reading some of
Also, consider googling the name Mike Mirras and reading some of his material. He took his debt collectors and creditors to U.S. District Court and won six times for violations of the Fair Credit Reporting Act and Fair Debt Collection Practices Act. I've spoken to Mr. Mirras personally, and while I didn't buy any of his products, I have followed in footsteps in that I have filed a complaint against one of my creditors in U.S. District court for violations of these same federal statues. You can go onto PACER (the electronic system that allows you to pull court documents), and read his cases if you want to know more about it.