have 20/21 negative accounts depending on the cb and 40k in student loans

I am having trouble putting my credit back together. I have worked for 10 months trying to get negative/old/deliquent accounts removed and I have tried to get my limit on the only bank card I have increased but I keep getting denied. I want to buy a house but I am having a hard time getting my score improved by more than 2 or 3 points. I currently have 20/21 negative accounts depending on the cb and 40k in student loans. How am I going to improve my score when I cant open any new accounts because of my score and my debt to credit ration is 2.11 percent? Please help!
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20 or 21 items.... Student loans and credit cards. That's a bad one. the credit debt ratio is not the problem ovbiously. Some times when you have your credit so screw the best advice is to wait it out. 4, 5 or even 6 years and start disputing the listing. It is good to have that card open, once all the bad stuff is gone after 7 years that will be the lenght of your credit history, whatever you do make sure that you pay that account on time. You can try to open another, maybe with orchand bank for $300 but stay away from that Credit One card that people mind trouble.

Sure they can, they can do anything they want, until you let them know with a summons that you will sue
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of the 20 15 are student loans that show good payment history
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find some way to get and keep good open, non maxed, rated, reported credit.

defaulted on 9 student loans and am now in garnishment

I have a question. In the past I was very careless with my credit and now am reaping the "rewards". How do I fix these problems. My score is 613 and shows I have 18 negatives on my acct. I had defaulted on 9 student loans and am now in garnishment. The loans have been sent to Texas Guareented and I am in the process of rehabing my credit. Each loan shows up as well as the previous creditor that originally owned them as "paid collections" or "transfered to another lender". I also have charge offs from credit cards. And I have 1 collection agency on my report. I do have an instalment that is up to date as well as two credit cards that are perfect. Should I negotiate with the two credit card co. to pay and remove the item and what about the original student loan creditors. Any help will be appreciated.
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i would first try to get lucky and dispute some of he old student loans and, hope maybe a few fall off.

I would validate the collection with debt validation and they do not comply call the state attorney general
see what i did with my charged off BP oil on my credit card
- Show quoted text -
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appreciate your help. I am disputing some of the closed accts. due to length of time (over 8 years) and are validating 3 others due to I don't know who they are. I hope it all works and thankyou again for taking the time to return my letter.
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Student loan listed 4 times on my credit report

would like some information on student loans. I only pay 1 monthly payment but it is listed under 4 different loans, how do I get that to come off or just show as 1?
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most student loans are renewed time and time again
these renewals stay on your report in most cases for 7 years
if it is the same account number, same rptd date, same date of last activity DOL
THEN
this would be something you would dispute as same account or a duplicate account.
you can always dispute stuff on your credit report that you don't think is right. just don't EXPECT and positive outcome. You might get lucky though.
These accounts should show 0 zero account balance if they were renewed. So if they do not show zero balance, they would be considered in error and should be disputed as such by certified delivery mail.

student loans that were delinquent and each one appears to be listed 3 times on my credit report

Hi, I've read quite a few posts on your blog, not sure how to post one myself? my question is -I have 2 student loans that were delinquent and each one appears to be listed 3 times on my credit report - each one says condition "derogatory" and pay status "120 days late" I am now paying on them and those two accounts are correctly reported as "current" each entry is listed by Iowa Student Loan, so when my report is pulled, it looks as though I'm not paying on 4 of my accounts. I've tried disputing them with no luck, there is a remark on them that says "student loan perm assign to government" I've called the student loan people and they confused me even more. what other options do I have?
I've used some of your advice on other issues with great results! Had a lot of negative information removed by disputing - EVEN A JUDGMENT! Increased credit score by 40 points in 30 days! Thanks
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what did the dispute reply say
did it give the same address and phone number you used to get confused by Iowa student loan.

if so, and it sounds like that's what happened, you should talk to ISL again and again until you get it straight. There has to be different account numbers for these accounts. Many times a loan company will re do the loan to overcome a consumer being late on the loan companies books. They can't just, out of the blue say, you are not late unless you pay up or they redo the the loan.
I would think you could dispute or negotiate to have those, other, showing late now, loans to "say same account', "duplicate account" as the one being paid on.
When you dispute these items someone is verifying them somewhere. But this someone should say these accounts are now combined with another account and should show zero balance.
The accounts will still show you were late once upon a time, but they should not show you are late NOW.
You might use the account numbers to get a letter from ISL, on ISL letterhead, that says these accounts were combined with accountabc which is now being paid in time.

There is no easy answer but. DIG IN. You can do it.

If you become disabled after school student loans can be forgiven

your credit repair site is awsome. I wanted to let you know something you may not know. If you become disabled after school your student loans can be forgiven by requesting a form for your dr to fill out and mail it back to the student loan agency. I noticed a lady on your blog with this problem. You can copy and paste this info and get it to her.

It is always good to know there are people like you out there. God bless...
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On disability have student loans 2 teen kids and need a car

Dear BO Majors,
Hello... I saw you by chance and you are not all that far from me.. I am up Hendersonville way..
I saw your Blog and decided to give it a shot..
I am single Mom for last almost 13 years. I have 2 teen kids,. she be 15 in Feb and Son is 16.. I went to college back in WV in 2000 I do believe.. and My loan I taken out was..-
2,500.00 and now the interest after 7 years is up to 4, 500.00 and I am in debt. and no way to get extra funds to pay this even monthly.
. I am on disability income and it takes all my money to pay rent , food, etc..I am not eligible for food stamps., my son has disablity and he gets a check for his handicap... I have no way i can pay off my bills and especially this student loan from 2000. and I see it keeps getting bigger and bigger...as I speak..
I am in Tennessee now going on 6 years and I have to have a car, and I got a car., at a Buy Here Pay here..deals and you know I did not get a decent car..it now needing repairs and this guy is ripping me off. paying Chris 200.00 month,
How do I get a Free Credit report now?..I am possibly like 6,000 in debt and now way to pay this Bills....Can you please help me figure out what I can do?..I really rather buy a car from a reputable car dealer, where I can have car payments of 200 to 250.00 I can not go any higher than that price for a car...
The credit cards I had was a Sears, Capital One, Fingerhut, and maybe another one.. and my credit bills are not as bad as some people's delinquent bills..
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you say your bills are too big to pay then say they are not as big as others. which is it?
i understand your persistant monetary problems. either let them go and hope you don't get sued for a judgment or contact them and make up a payment plan. get your children to help you pay. they are both able bodied i assume. you are doing all you can but do not expect to get credit if you can not pay bills you have already accumulated. its a hard world out there. i am sorry
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HELLO . I was meaning I have my monthly bills, and not enough money to pay the ones on my credit , and that my credit bills seem to be not as high as OTHER People's , mine is around 6,000 to pay off- 4,500 is for the student loan.... and my kids are not old enough to work. so that won't help me..and Student loan is way too much interest for a 2,500 loan that I took for going to college in 2000.it was sold to another place , that made the interest add alot to it... and to try and get a re payment plan, that is like I should not buy food for my 2 kids. so that is what i look at all the time..it takes my income to pay the utities, car payment, car insurance, and food every month and we do not go out for entertainment, we stay at home always..
Thanks for you input
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you can get a free credit report by buying this and canceling in less than 7 days.
that problem that has to do with income and budgets
must be worked out on your own
its not a credit issue although your credit will end up in the tank

you are not your checking account
do not get down
keep plugging, look for another or better job, and get the father of your children to get a life and pay for his children. thats all i know

you are a good person. you are not your bank account

Graduate with student loans. Full scholarship athlete

I am a recent graduate of Temple University where I have about $7,000 in Student Loans, where I have been on time. I have some medical bills that are outstanding; however they occur as a direct result of my Track and Field Career at that school where I was a full scholarship athlete. I know that these bill are covered by the school, because I was insured under their policy. I have been disputing these bills FOREVER. I believe it's because of those bills that I cannot obtain additional credit. What can I do? I need to open two more lines of credit. I have a decent job and I don't have any problems making a down payment for credit. Please advise
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goto
the u
and ask for help
stop working the wrong end
ask for credit help and insurance and understanding
which means i have to understand

Collections, college loan, credit card, score 590 591 592

Bo, my questions are related to small amounts of charged-off debt, so it's hard to find answers - everyone answers questions about $20,000 debts and bankruptcies and reposessions, but I need advice on my small situation.

In 2005 I finally pulled my life together, but I had about $3000 of bad debt from the previous 3 years: 1 $800 credit card, 1 $1000 credit card, and 2 $500 credit cards. Some of these were transferred to other collections agencies and some were not; the $1000 credit card was closed and the rest were charged off. Last month I finally paid off the last one. I had been monitoring my credit and I understood that I could have just waited 7 years and hoped that they wouldn't chase me down, but I wanted to pay it all off and have done with it. Was this the right decision? My credit score has only gone up a couple of points over the course of paying all these old debts. Does my score go up for having paid them off, or do I have to just wait a couple of years and keep paying my current loans/credit cards on time? All the bad information on my credit report is correct, so I can't dispute any of it.

Also, I have an institutional loan from my college that has been transferred to a collections agency. This is the only bad debt left unpaid or unsettled on my credit report. They keep writing me polite letters and asking me for $1000/month payments. My budget isn't even ready for a $200/month payment! Can I let this debt sit indefinitely until I can afford to pay it off more rapidly, or is there some benefit to negotiate and start a small monthly payment now? Since the debt has gone to collections, I'm not sure if they have to report monthly payments like a regular loan, so I didn't think it would help my score to start paying.

I have one credit card, a federal student loan, and a car loan on my report that are all current (yes, more bad debt than good on my report, but all but one is PAID now). My credit score is hovering in the 590's. I plan to get another credit card as soon as I hit 600, so no need to advise me to do that.

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it is never a bad decision to pay off colletions bills or anything that is past due on your report

already paid the collections so there is nothing that can be done now
you could have negotiated before you paid.

dont be late more than 30 days on any open credit for two years

do something with the college or collection

contact the college before you contact the collection if you can
start paying someone
or take a chance with
a bad credit score for a long time

that is a personal or ability to pay question that you have to decide.

in the end the credit report has to show no late or past due payments to get a score up over 630

College student credit card charge off collection turned down for job.

I am a college student, and I fell into the trap of signing up for a credit card in 2005 to help with some of the cost of my books, etc for school. I was able to open an account with Capitol One, and my credit limit was $300. Capitol One eventually ended up closing the account because of non payment. The account is currently showing up as a charge off on my credit report, and is $785 past due, and has been sent to a collection agency known as NCO Financial. They were offering to settle at one point at time, but I disregarded the letters they sent me since I had no way of paying them. The last time I received a settlement letter from them was in March. This is the only negative balance on my credit reports. Everything else I have are student loans which are all in good standing. I did not think this one negative item was that big of a deal since it’s the only negative item I have, and it is not considered to be an “outstanding amount” of debt compared to others. However, I was turned down for a job because of this a few months so now I see how serious it is.
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i would call capital one first

then if they do not help
negotiate with collections agency

one needs three open lines of credit
that report to a bureau
and are at least one year old.

student loans consolidated and 3 open lines of credit for good credit

1) I took out four student loans to begin my college career and, throughout the years, these loans have been transferred several times, and now I have finally consolidated them all into one loan. The problem is that each loan from each lender is reported on my credit report, and I am wondering if there anything I can do to get all of these removed so that just the current loan is showing? On my credit report the old loans say, "Account transferred to another lender," and some of these loans were past due at some point prior to transfer.

2) When you say, "Have at least 3 open credit lines..." to fix your credit fast, do you mean I need to have 3 credit cards or is a mortgage and a student loan acceptable as one of the 3? I have one long-term credit card I use and I just opened another one, but I really do not want a third. But, if it will help me raise my score fast, I will seriously consider it.
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those old tranfered accounts will stay listed.
one can dispute them and hope
after 2 years these will not hurt much

student loans can count as good open credit
they don't help anything much because you see them on credit reports as nagging unsecured finance company like debt that only hurts my debt to income ratio.

3 lines of current open good reported credit over rides old credit each month that goes by
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Students loans and garnished wages

I was so happy to find you on the web and am hoping that you can give me some advice. My credit is awful and am trying my best to clean it up! The most pressing issue right now is my student loans. I owe Sallie Mae for defaulted student loans. They are currently garnishing my wages. I have been in contact with them to try to get set back up on some sort of monthly payment plan (if that's possible at this point!). The amount that they are garnishing is not leaving me enough to pay my bills each month. After speaking with them, I completed a financial statement and provided them a W-2 and check stub. I am hoping to be set back up on a monthyl payment schedule in lieu of a garnishment for credit purposes, but feel that the best I can hope for is a reduction in the garnishment percentage. When examining my credit report, I show several loans from Sallie Mae. Is this correct? 2 of them show as "transferred". I think according to my credit report, It looks like I owe a lot more than I do. How can I fix this? Not sure if this information will be helpful, but this is what is listed:
S L M Financial Corp (Transferred/Current, was past due 30 days) $8,181
Sallie Mae 3rd PTY LSCF (Transferred/Claim filed with government) $1,313 Account transferred to another lender
Sallie Mae 3rd PTY LSCF (Transferred/Claim filed with government) $2,001 Account transferred to another lender
Sallie Mae 3rd PTY LSCF (Transferred/Past due 120 days) $8,182 Account transferred to another lender
State of NJ Higher Ed As (Claim filed with government/Never late) $3,386
State of NJ (HESAA) is the lender that has placed the garnishment on my wages.
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well at some point a court or goverment got involved because they could not contact you, or, you just couldnt or wouldnt pay.
so at the garnishment level you have let it go too far and now have started the only thing you can by negotiating and provided w 2's

anything on your report that looks incorrect you should dispute as incorrect.
use the dispute form

say amount incorrect or account incorect or not yours or something

wait on the response and contact me back later

Turned down for student loan for past paid collections. Can I get them removed?

I recently applied for another Student Plus Loan for my son. I have done this with two sons for several years without incident. I was shocked when I was denied the loan for this scholastic year. The agency here in NH sent the denial letter to me. I called to ask what the problem was and they indicated that Transunion had reported two items from Collection Agencies on my report from 2005. I didn’t know they were even there, (MY BAD). They also were able to tell me that they were both medical service items and that both had been paid off within 3-4 months of going to collections. I was also told that because of some government rule changes or this scholastic year, they were not able to overlook the items as had been done unbeknownst to me in 2005 and 2006, and grant the loan.
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Are you saying you paid them off and there is no balance now and you still cant not be approved.
Or
that you thought you paid them all off and they are not paid off.
OR
because you have a paid collection you can not be approved?
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The first then there is nothing you can do.

The second go here and use the debt validation letters.

The last then there is not much you can do. Once a collection has been paid there is no reason for the creditor to remove or negotiate.
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I paid them off in 2005 shortly after they went to collections. Now Icannot get approved for the PLUS loan due to a change in policy thatdoes not allow approval if there is any items that went to collectioneven if it has been paid off. Why wouldn't the creditor be willing toremove the item from the report? Is there a cost to him to do this?
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Because you made them collect.
It is a fact, that goes into your credit file.
None will talk about paid files.
Negotiate before you pay. I guess you will rememeber that one.
There is a labor cost. But why would they take it off? There is no good reason.
Some would argue it would be lying or illegal to take it off.

Creditors have tightened credit rules you know. House market and all.
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Thanks for the quick responses. I certainly will remember this one.Now I have to figure out a way to keep my son in school.
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Sorry.
you can dispute them and hope
www.oskie.com/credit-dispute.htm

Consolidated student loan three times and 2 still show bad on my report.

"Consolidated student loan three times and 2 still show bad on my report."
I have consolidated my student loan three times. According to my credit report it seems that I have 2 loans that were in bad standing and one that is current. Even though I defaulted on the two previous loans, they were taken over by the William T Ford federal program. I have been current with this current loan for over a year. Why are the two older loans still listed as negative information when they have been paid off?
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Bo / Consolidated student loan three times and 2 still show bad on my report/
I can dispute them as paid since they are paid now.
Once I make bad payments it stays on my credit for seven years unless I negotiate before I pay them off
Sorry.