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10 December 2018, 11:50 PM | #31 | |
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10 December 2018, 11:51 PM | #32 |
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They have the ability to remove it and don’t let them tell you otherwise. I had a medical bill that I thought insurance took care of after the $150 copay. Turns out they didn’t cover $200 of it. I called the collection agency after it hit my report. They agreed to remove the collection if I paid in full. I promptly paid the money in full. They said it would take 3-4 weeks to remove and that the conversation was being recorded. The guy had to get manager approval, but after the agreement, we hung up and 4 weeks later it was off my report. It’s worth a try.
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11 December 2018, 02:24 AM | #33 |
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11 December 2018, 03:34 AM | #34 |
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Sometimes it works better to finance. I make money financing at 0%. Maybe the OP did too. But you didn’t ask any of those questions before you jumped on his back.
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11 December 2018, 03:42 AM | #35 |
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11 December 2018, 03:43 AM | #36 |
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11 December 2018, 03:47 AM | #37 |
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My wife died several months ago and had credit cards in her name only....she had one card that i was an authorized user....but never used or signed for....when she died they dropped her name and now presto its under my name. Its 2800+ plus bucks and ive fought the ccc for months over thus. They say its my card I say prove it. The end result my credit rating took a hit with these bozo's now I got lawyer and have spent close to 1000 bucks fighting them with no end in sight.
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11 December 2018, 04:13 AM | #38 |
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11 December 2018, 04:18 AM | #39 |
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11 December 2018, 04:36 AM | #40 |
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11 December 2018, 06:17 AM | #41 | |
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In my specific instance though, I am not sure you know how car dealerships work. Not a chance they are going to facilitate the payoff while I am there. In fact, when I have traded car over value, I typically have to wait a week or so to get my check from them. In any case, I actually have a score of well over 800 at this point. But it took me a while. I also now check it weekly and notice how it fluctuates literally if I am holding a balance on my Amex. Holding a balance of $8,000 and it goes down 23 points. Pay the balance off, and it goes up 6 points. This system, that controls how people get loans and the rates of loans etc. are controlling people futures. Yet it is flawed to the point that credit can get hit based on the OP's simple example. Personally, I avoid debt like the plague. But I do realize how important a credit rating is. And if my credit, or the OP's credit can get skewed by something like this, with minimal recourse...flawed.
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11 December 2018, 11:27 AM | #42 | |
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11 December 2018, 11:28 AM | #43 |
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11 December 2018, 11:31 AM | #44 | |
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11 December 2018, 11:31 AM | #45 |
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Wouldn’t be a happy camper!
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11 December 2018, 11:32 AM | #46 |
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Mercedes Benz. My next car is going to be an Audi with no finance. I'm done with this....
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11 December 2018, 11:33 AM | #47 | |
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11 December 2018, 11:35 AM | #48 | |
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I think it's a scam to charge people late fees. |
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11 December 2018, 11:39 AM | #49 |
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Try buying your first car after college with no help from mom and dad. Thankfully, i'm now in a very good position compared to a few years back. I'm grateful that loan had a very low interest rate. I'd do things differently now.
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11 December 2018, 11:44 AM | #50 |
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11 December 2018, 07:26 PM | #51 |
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12 December 2018, 01:47 AM | #52 |
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There is nothing wrong with using credit as a tool to improve your lot in life. You need a car to live and work in most US locales, so financing a high value necessity while your cash works elsewhere isn’t a bad idea.
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12 December 2018, 06:24 AM | #53 |
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Yeah, that was a D move.
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12 December 2018, 06:29 AM | #54 |
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Regarding my portfolio, "I'd say strong...to quite strong."
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15 December 2018, 12:31 AM | #55 |
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15 December 2018, 12:45 AM | #56 |
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Soooo.... What did you do with the lender to correct the situation? Did they reverse course? Sent from my iPhone using Tapatalk Pro
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15 December 2018, 01:20 AM | #57 | |
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15 December 2018, 02:01 AM | #58 | |
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Doesn’t address the flawed system. Let alone the fact that the vast majority of people are unable to pay their own car off, and instead roll over the debt or equity from one car into the next.
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15 December 2018, 01:27 PM | #59 |
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How late was your payment? If less than 30 days it shouldn't affect your credit. And if it does it won't be significant.
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15 December 2018, 01:33 PM | #60 |
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Dispute it with the credit report bureaus and then find a good lawyer who knows the Fair Credit Reporting Act (FCRA). If you need a referral, PM me and I will ask my close friend. He does this type of legal work in Illinois, but he knows good lawyers all across the country who can help you with this. Best news - any lawyer worth his or her word and he sees merit in the case will take the case on a pure contingency, that means, the lawyer only gets paid if he or she wins. There is a fee shifting statute in the FCRA that will allow your lawyer to recover his or her her fees from the other side.
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