can someone help me with this credit report?
ok i have a few bad things on my credit. i was 18 when it all started and i am now almost 25.
i have a repo on my account that was 13000 and is now currently at 5500. but the last yr i have been tight on cash and havent paid anything on it so this past may it was closed and sent to a collections agency.
Theres now a potentially negitive closed on the repo account an im sure the collection agency is going to put up a report on it. i am making payments on it.
can i have GMAC remove there potentially neg close off the report since they sold it?
Also I have 3 credit cards on this report that 2 are paid off in full and one is still in collections.
I have a capital one account thats says “current closed” balance of zero and thats the same for the discover card.. they have a gray check mark next to the names. date opend (4/1/02)
what does “Current Closed” mean? is that a positive closed? i did pay them in full and the balance says nothing… not even a 0. but does say credit card- revolving terms.. if this is bad how do i fix this? is as old as 2002 and i wont have any type of comfirmation on payment unless the companies say i paid.
And the 3rd card is a chase that says “Unknown” and “credit card-revolving terms”(8/1/02)
Can i have this legally removed?
An theres a First USA Bank that says potentially neg closed. which i believe its the chase account that was sold to the bank or collection agency.
basically my main questions are.
1. can i have the potentially negative closed accounts gone if they where sold to a collections agency legally?
2. can i have the unknown chase account removed if it was sold to the first usa bank?
3. and can i have the current closed credit card accounts removed?
4. will paying off the first usa bank closed account (12/1/05). make it turn current an lower my score even more? am i better off just letting it disappear?
what can i do to get these off my report?
im trying to buy a house and i make enough money to pay even a 10 percent interest on a house loan but my credit score of 548 wont even get me a loan.
i have to pay the repo cause the collection angency will open a fresh hit on my report. so im sure the 548 will be much lower in a month or less.
any help with this would be great
Tags: report, This, Credit, chase account, Help, someone, first usa bank, collections agencyRelated posts:
well about all you can do is forget the house for a year of so and pay off all of these past debts so they show paid late but paid and then wait another 12 -16 months while you credit score is increased!!!
1. Just because they sold the account and closed it doesn’t mean it can be easily removed from your credit reports. You still owe them (or the third party assignee) money. You can try to have it removed by disputing it, but it will probably stay on.
2. Ditto #1.
3. Current closed credit accounts are most likely a positive thing on your credit reports, as they are increasing the length of your credit history. Leave them be.
4. Paying an old, closed account will actually hurt your credit score because it updates the date of last activity to make the negatives look more recent than they actually are. You would need to negotiate a pay for deletion agreement with them if you want to pay AND repair your credit.
And Mister Ed is correct: forget about getting a mortgage anytime soon. People with good credit are having trouble getting a mortgage right now. You can always try to buy a home on contract if you must buy something and you can find someone willing to do it.