Improving your CREDIT

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Raider Rick

Sicc OG
#22
May 23, 2005
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#22
Great thread for us at or around 30 years of age...i say this because when i was 18-25, my credit was fucked, and I didnt care. These days i find myself spending 75% of my paychecks on getting my credit inline so I can buy a home someday soon.
 
T-Spoon

T-Spoon

Sicc OG
#23
Apr 26, 2002
3,897
638
113
#23
og MS said:
would it be best to contact all the collection agencies and try paying them off?
The main reason I ask is because I need to get a mortage but I can't do it the score I have now
__________________________

Settle out with them for a lesser amount... and then make sure you contact the bureaus and have them removed. It's usually easier to have a credit repair company do it for you but not always cheaper.
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honesly ms, it depends on how long those deliquencies hav been on ur report. its all about tha statute of limitation in ur state. i THINK cali is 4 years. if u have somethin on ur report thats 3 1/2 years old, if u call the agency and tell them that ur gonna pay it, or ur sendin them a checc, then that call will restart ur statute of limitation. i think im right, maybe ac, or dana, or jomodo can correct me if i'm wrong. honesly, EVERYONE needs to watch suze orman. she might talk and act annoying, but tha bitch got GAME. fold.
 
O

og MS

Member since 1997
#24
Apr 25, 2002
5,533
100
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www.killavalley.com
#24
a credit repair company can take that shit off your credit report once it's settled. They can dispute it for you and remove it, but if it's not settled it can pop back up. I'm actually havin a credit repair company work my credit as we speak. They've already gotten some stuff removed.... including a couple 30 day lates I had... I have to settle out on a few medical bills that my insurance didnt end up covering as well.. and then I'll have those removed as well.
 
O

og MS

Member since 1997
#26
Apr 25, 2002
5,533
100
63
50
www.killavalley.com
#26
i got a bad shit on my credit when I was in my early 20's ... and didnt realize that it would be a headache having not so good credit lol.

LMD - you referring to me? :)

I'd say i'm living within my means.... I don't have a shitload of tradelines... got like 4 trades... a mortgage, two car payments and a crescent jewelers acct. don't even have any credit cards.

got solid standings on these accts... but the past collections on me have been a burden...
 
LMD1510

LMD1510

Sicc OG
#27
Apr 25, 2002
2,920
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#27
og MS said:
LMD - you referring to me? :)
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No, not at all...we posted at the same time. Just a general question. Things come up in life that you can't help but utilize some credit for, some people get5 in bad situations, but overall the reason for so much credit card debt in our country in general is pure greed.
 
KALYN

KALYN

Sicc OG
#28
Dec 11, 2002
17,196
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#28
og MS said:
a credit repair company can take that shit off your credit report once it's settled. They can dispute it for you and remove it, but if it's not settled it can pop back up. I'm actually havin a credit repair company work my credit as we speak. They've already gotten some stuff removed.... including a couple 30 day lates I had... I have to settle out on a few medical bills that my insurance didnt end up covering as well.. and then I'll have those removed as well.
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.. its not that easy to have items removed from your CBR unless we're talkin' about debt that is there longer than the statute of limitations which I believe is 7 years... or unless you can prove the item doesnt belong to you and even disputed accounts dont disapear.
A lot of times people pay their deliquencies off in a "lump sum" payout which may not be as beneficial for you in the long run.. a settled account verses a paid in full account appear differently and score differently if I'm not mistaken.
 
KALYN

KALYN

Sicc OG
#29
Dec 11, 2002
17,196
13
0
#29
Raider Rick said:
Great thread for us at or around 30 years of age...i say this because when i was 18-25, my credit was fucked, and I didnt care. These days i find myself spending 75% of my paychecks on getting my credit inline so I can buy a home someday soon.
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For real.. I've found more damn bills that I couldnt have cared less about lingering out there .. with penalties and interest..? .. a $65 bill a couple years ago is gonna cost you $300-$400 now.. and BELIEVE.. when you start the process of repairing your credit EVERYONE you've ever been in debt with will come out the woodwork.

I had a dentist bill.. $380 that I'm paying almost $900 for in the next 90 days and you should never put off paying back taxes.. lol.. because come January of the following year? whatevers left that you owe.. they'll garnish your ass and take it ONE LUMP SUM.. fucka percentage..
(umm yeah.. my entire next paycheck..?.. buh bye.)
 
killahoe666

killahoe666

Sicc OG
#30
May 3, 2002
5,064
859
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#30
It's fuckin ironic but earlier the collection agency that took over one of my delinquencies called me and told me that I could do a settlement with them for like $900 or a paid in full for like $1600 (numbers aint exact but u get tha idea) i was willing to work with them but they told me i could pay them by credit/debit card (over the phone), bank acct (over the phone), or by western union. I told them I was uncomfortable with that and would rather send them a check but they said they couldn't do that. I know it's the correct agency because when I contacted capitol one bout a month ago they told me the collection agencies name
 
KALYN

KALYN

Sicc OG
#32
Dec 11, 2002
17,196
13
0
#32
killahoe666 said:
It's fuckin ironic but earlier the collection agency that took over one of my delinquencies called me and told me that I could do a settlement with them for like $900 or a paid in full for like $1600 (numbers aint exact but u get tha idea) i was willing to work with them but they told me i could pay them by credit/debit card (over the phone), bank acct (over the phone), or by western union. I told them I was uncomfortable with that and would rather send them a check but they said they couldn't do that. I know it's the correct agency because when I contacted capitol one bout a month ago they told me the collection agencies name
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Normally a collection agency will only retain your account for a certain period of time.. when they are in the final calendar month they'll often times offer 50% to close the account. Some debts you dont have the option of settling.. like power, water, loans, bounced checks, etc..
 
killahoe666

killahoe666

Sicc OG
#33
May 3, 2002
5,064
859
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#33
KALYN said:
Normally a collection agency will only retain your account for a certain period of time.. when they are in the final calendar month they'll often times offer 50% to close the account. Some debts you dont have the option of settling.. like power, water, loans, bounced checks, etc..
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so should I trust giving them my info and go ahead and settle it?

they said they'd work with it for a 5 month period
 
mustynutz

mustynutz

Sicc OG
#37
Jun 27, 2002
14,470
135
63
#37
so if im like 5g's in debt with cc. hospital bill etc....and im broke, your sayin i should take the bread i use to survive and pay them old ass bills from 99 and shit?...i just dont see the sense in it....until it reaches court its not high priority and im not buyin a home,car,apartment or anything that requires credit anytime soon....yeah i know im fuckin myself but shit.....its either pay an $170 bill from 4 years ago or go buy groceries....or keep the cellphone turned on or pay my hospital bill....or eat dinner tonight or pay Providian....

yeah the whoel wage garnishment thing fuckin sucks ass and cost me more...and i know i'll have to face it, or just change jobs and bank accounts every 6 months or so....or fake my death....but everytime i sneak into the morgue theres no one fittin my description...sucks.
 
killahoe666

killahoe666

Sicc OG
#38
May 3, 2002
5,064
859
113
45
#38
mustynutz said:
so if im like 5g's in debt with cc. hospital bill etc....and im broke, your sayin i should take the bread i use to survive and pay them old ass bills from 99 and shit?...i just dont see the sense in it....until it reaches court its not high priority and im not buyin a home,car,apartment or anything that requires credit anytime soon....yeah i know im fuckin myself but shit.....its either pay an $170 bill from 4 years ago or go buy groceries....or keep the cellphone turned on or pay my hospital bill....or eat dinner tonight or pay Providian....

yeah the whoel wage garnishment thing fuckin sucks ass and cost me more...and i know i'll have to face it, or just change jobs and bank accounts every 6 months or so....or fake my death....but everytime i sneak into the morgue theres no one fittin my description...sucks.
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haven't you ever seen face off???


pshhhhhhhh!! duhh!!! :rolleyes:



"I want to take his phace off"
 
2-0-Sixx

2-0-Sixx

Sicc OG
#39
May 13, 2002
49,944
47,801
113
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Seattle
www.socialistworld.net
#39
Some how I've managed to keep a good credit score. I currently have 6 credit cards and I make regular purchases with them and pay them off usually immediately and never late. So for example, if I have a charge of $70 for some shoes or some shit, I'll pay the entire thing when I get the bill.

Making frequent payments and paying them on time obviously is a good thing.

Luckily when I was younger I didn’t fuck up that bad. I have one bad mark from when I was 18 and that wasn’t even my fault. The courts sent documents to the wrong address. fucktards
 
KALYN

KALYN

Sicc OG
#40
Dec 11, 2002
17,196
13
0
#40
killahoe666 said:
so should I trust giving them my info and go ahead and settle it?

they said they'd work with it for a 5 month period
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Make them fax you an agreement letter first. Most times they will.. I wont at my agency.. lol.. but I'm one of the only Supervisors that wont.
 
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