GreekChat.com Forums - Credit Help

GreekChat.com Forums (https://greekchat.com/gcforums/index.php)

- Delta Sigma Theta (https://greekchat.com/gcforums/forumdisplay.php?f=76)

- - Credit Help (https://greekchat.com/gcforums/showthread.php?t=76233)

Quote:

Originally Posted by divainred

1. It sounds like more than likely, it will be on the report. Yet, if you pull the report, you can definitely be sure. Also, try to track the charge down and see if you can explain it and maybe get it settled and removed.

2. If you deal with it now, it might not be too bad. Even though you pull it and provide copies, I believe that management companies like to pull your credit themselves to make sure that people don't try to alter it or hide info.

I would just try to track down who has the account now or even the original credit card company and see if you can work it out.

I know the OL that I used. I know I was blessed with a new position (Thank you LORD!), but I am not rollin in dough like that.... I hate to say it... but it was $17K. I ain't got that type of money. Now, I wasn't gonna pull my report to tell them "Use this instead." This was to show them a prelim report and to save me from having lots of folks pullin my report. I was afraid it would be on my report... but I don't want to be stuck in the same apt. I don't want to be denied b/c of this card. I can understand a house, but an apt? I will just be mad for a long while if I can't leave.... Heck, I was gonna be paying that off WAY before I applied for a house... *sigh* I just need help...

My freshman year I racked up a huge medical bill by a trip to the emergency room without my insurance card. Unfortunately I was clueless about insurance and didn't know that I could've just called them to straighten it out. By the time I did call them it was too late, so I've been making small monthly payments to collections. This will show up on my credit score, right? And does anyone have advice about medical bills?

Bank Collections

I don't know if I asked this question or not but I have another concern. I was banking w/Wells Fargo since 2001 and had the usual problems but got back on track. It wasn't until my last semester of college (Fall 2005) that I had no job and no means to keep my balance positive. Shoot I got all the way to November b4 it got to where I was only dollars away from being overdrawn. Anywho the account was overdrawn and w/ no job I didn't have a dime to put it back in the green. I moved back home and got a PT job and amongst my other bills thought I would pay a lil' bit on the bank account. In the meantime, the bank was still sending me notices of an overdrawn account (to my OLD address even though I had requested a change of address back to the house). It wasn't until some holiday (President's Day or something where the banks are closed) that I tried to use my card to pay more money on my account that I found out it had been closed. Actually I didn't find out until I called the folks. That next day I got a letter (which had a change of address slip on it cuz it had been sent to OLD one) saying that the account was a lot of days (100 or so) overdrawn and that they would be closing the account soon. Then the next day I got a collections notice. I was shocked. While I knew it was possible (actually I didn't) I felt that they did not give me enough notice.

Okay..flash forward to my question cuz I think u get the idea. I pulled my credit and didn't see any records of this debt. After I received the collections notice, I sent them a letter stating that I would pay them only when I received a better explanation as to why I wasn't given the proper notification of the status of my account. (Meaning I had changed addresses right when I came home in Dec. so there's no reason that I'm waiting for mail sent in Jan/Feb.) I want to contact them to see if I still owe but since it didn't show up does that mean it just disappeared. Should I?

Very good credit discussion board (offshoot of the now-defunct Art of Credit website):

Debtorboards.com

Home of the famous "Flyingifr Method of Aggresive Credit Repair" (recommended only for those who want to take the litigation route).

Don't believe it's famous? Google the term and see what you come up with.

Hey does anyone know of a reallly good company that consolidates creditcards. I have two creditcards that I want to consolidate.

Quote:

Originally Posted by MightyQuinn (Post 1206673)

I have been trying for years to get a charged off credit card debt corrected with no success! To make a long and probably familiar story short, when I was an 18 year old freshman I got a Visa credit card, charged it to it's limit, graduated, paid the minimum payment for a while then stopped paying it. It's been soooooooooo long that it hasn't been on my credit report for years! I've tried to get in contact with Visa about the matter and they said they had no record of the debt so right now I'm at a complete loss as to what my next step should be. Luckily for me that was the only credit card I had in college and the only credit card I've had in my life that has a bad payment history attached to it. My credit rating is good but I can't seem to get it any higher lately. The only way I remembered I even had that card was when my financial planner recommended that I get a credit card because I didn't have one at the time. Visa sent me an offer in the mail but I was denied a credit line and wasn't given a reason as to why. It was then that I remembered about the card in college and figured that had to be the reason why. My husband and I have successfully financed quite a few big items over the years and his credit rating is great so this seems to be the only road block for me. If you have any good advice please help a sister out because I am truly at my wits end! :(

I know you posted this long ago but I'm fairly new and I'm cruising the forums right now. I don't know if you have received the correct information by now but let me say this: your financial planner was right in telling you to get a credit card; it's sorta ironic, people think credit cards will ruin their credit but it's the MISUSE of those cards the ruins credit and you have to have one to establish some sort of credit. Either that or a car payment is the best way to establish credit. Also, you say you've graduated so you have student loans right? That's contributes to building a solid credit history as long as you're paying on time every month.

Now as far as the Visa card you had in college, check your state's statue of limitations because if it's been years since you have paid on it, then legally they can't collect on it. For example, most states' limitation is between 3 and 5 years, if the statute has expired, then you don't have to pay that - that sounds like the case if Visa is saying they have no record of it.

HTH