[GOOD GUY BAD CREDIT]

Thanks much. Experian said my score is 592 which they say is poor. How and which things do you guys think I can get removed?





Account Name: CAP ONE
Account Number:
Acct Type: Credit Card - Revolving Terms
Acct Status: Open
Monthly Payment: $15.00
Date Open: 1/1/2005
Balance: $375.00
Terms: Revolving
High Balance: $455.00
Limit: $500.00
Past Due:
Payment Status: Current, was past due 30 days three times
Comments:


24-Month Payment History ? Legend



Date: Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May
06 06 06 06 06 06 06 07 07 07 07 07 07 07 07 07 07 07 07 08 08 08 08 08
OK 30 OK OK 30 OK OK OK OK OK OK OK OK OK OK OK OK OK OK OK OK OK OK OK


Account Name: HSBC BANK
Account Number:
Acct Type: Credit Card - Revolving Terms
Acct Status: Open
Monthly Payment: $22.00
Date Open: 11/1/2004
Balance: $38.00
Terms: Revolving
High Balance: $511.00
Limit: $300.00
Past Due:
Payment Status: Current
Comments:


24-Month Payment History ? Legend



Date: Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May
06 06 06 06 06 06 06 07 07 07 07 07 07 07 07 07 07 07 07 08 08 08 08 08
OK OK OK OK OK OK OK OK OK OK OK OK OK OK OK OK OK OK OK OK OK OK OK OK


Account Name: HSBC BANK
Account Number:
Acct Type: Credit Card - Revolving Terms
Acct Status: Open
Monthly Payment: $15.00
Date Open: 12/1/2005
Balance: $236.00
Terms: Revolving
High Balance: $450.00
Limit: $300.00
Past Due:
Payment Status: Current
Comments:


24-Month Payment History ? Legend



Date: Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May
06 06 06 06 06 06 06 07 07 07 07 07 07 07 07 07 07 07 07 08 08 08 08 08
OK OK OK OK OK OK OK OK OK OK OK OK OK OK OK OK OK OK OK OK OK OK OK OK



Account Name: LVNV FUNDING LLC
Account Number:
Acct Type: Unknown - Credit Extension, Review, Or Collection
Acct Status: Closed
Monthly Payment:
Date Open: 6/1/2006
Balance: $184.00
Terms: 1 Month
High Balance:
Limit:
Past Due: $184.00
Payment Status: Seriously past due date / assigned to attorney, collection agency, or credit grantor's internal collection department
Comments:


24-Month Payment History ? Legend



Date: Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May
06 06 06 06 06 06 06 07 07 07 07 07 07 07 07 07 07 07 07 08 08 08 08 08
KD KD KD KD KD KD KD KD KD ND KD KD KD KD ND KD KD KD KD KD KD




Account Name: MERRICK BANK
Account Number:
Acct Type: Credit Card - Revolving Terms
Acct Status: Open
Monthly Payment: $43.00
Date Open: 1/1/2006
Balance: $967.00
Terms: Revolving
High Balance: $967.00
Limit: $1,150.00
Past Due:
Payment Status: Current
Comments:


24-Month Payment History ? Legend



Date: Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun
06 06 06 06 06 06 07 07 07 07 07 07 07 07 07 07 07 07 08 08 08 08 08 08
OK OK OK OK OK OK OK OK OK OK OK OK OK OK OK OK OK OK OK OK OK OK OK OK



Account Name: MUNICIPAL CREDIT UNION
Account Number:
Acct Type: Unsecured Loan
Acct Status: Closed
Monthly Payment:
Date Open: 7/1/2006
Balance:
Terms: 36 Months
High Balance:
Limit:
Past Due:
Payment Status: Paid satisfactorily
Comments:


24-Month Payment History ? Legend



Date: Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May
06 06 06 06 06 06 06 07 07 07 07 07 07 07 07 07 07 07 07 08 08 08 08 08
OK OK OK OK ND OK OK OK OK OK OK OK OK OK ND OK OK OK OK OK OK OK




Account Name: NCO FIN/99
Account Number:
Acct Type: Collection Department / Agency / Attorney
Acct Status: Closed
Monthly Payment:
Date Open: 1/1/2008
Balance: $87.00
Terms: 1 Month
High Balance:
Limit:
Past Due: $87.00
Payment Status: Seriously past due date / assigned to attorney, collection agency, or credit grantor's internal collection department
Comments:


24-Month Payment History ? Legend



Date: Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May
06 06 06 06 06 06 06 07 07 07 07 07 07 07 07 07 07 07 07 08 08 08 08 08
KD KD KD



Account Name: NYS HIGHER ED SERVICES
Account Number:
Acct Type: Education Loan
Acct Status: Closed
Monthly Payment:
Date Open: 7/1/1996
Balance:
Terms: Unknown
High Balance:
Limit:
Past Due:
Payment Status: Paid, zero balance
Comments:


24-Month Payment History ? Legend



Date: Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar
97 97 97 97 97 97 97 97 97 98 98 98 98 98 98 98 98 98 98 98 98 99 99 99
OK



Account Name: RJM ACQ LLC
Account Number:
Acct Type: Unknown - Credit Extension, Review, Or Collection
Acct Status: Closed
Monthly Payment:
Date Open: 9/1/2007
Balance: $298.00
Terms: 1 Month
High Balance:
Limit:
Past Due: $298.00
Payment Status: Seriously past due date / assigned to attorney, collection agency, or credit grantor's internal collection department
Comments:


24-Month Payment History ? Legend



Date: Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep
05 05 05 06 06 06 06 06 06 06 06 06 06 06 06 07 07 07 07 07 07 07 07 07
KD



Account Name: US DEPT OF EDUCATION
Account Number:
Acct Type: Education Loan
Acct Status: Closed
Monthly Payment:
Date Open: 11/1/2004
Balance:
Terms: 120 Months
High Balance:
Limit:
Past Due:
Payment Status: Paid, zero balance
Comments:


24-Month Payment History ? Legend



Date: Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug
03 03 03 03 04 04 04 04 04 04 04 04 04 04 04 04 05 05 05 05 05 05 05 05
OK




Account Name: US DEPT OF EDUCATION
Account Number:
Acct Type: Education Loan
Acct Status: Closed
Monthly Payment:
Date Open: 9/1/1999
Balance:
Terms: 113 Months
High Balance:
Limit:
Past Due:
Payment Status: Paid, zero balance
Comments:


24-Month Payment History ? Legend



Date: Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug
03 03 03 03 04 04 04 04 04 04 04 04 04 04 04 04 05 05 05 05 05 05 05 05
OK


Experian:

Account Name: US DEPT OF EDUCATION
Account Number:
Acct Type: Education Loan
Acct Status: Open
Monthly Payment:
Date Open: 7/1/2005
Balance: $7,336.00
Terms: 121 Months
High Balance:
Limit:
Past Due:
Payment Status: Current
Comments:


24-Month Payment History ? Legend



Date: May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr
06 06 06 06 06 06 06 06 07 07 07 07 07 07 07 07 07 07 07 07 08 08 08 08
OK



Account Name: US DEPT OF EDUCATION
Account Number:
Acct Type: Education Loan
Acct Status: Open
Monthly Payment:
Date Open: 8/1/2005
Balance: $10,311.00
Terms: 121 Months
High Balance:
Limit:
Past Due:
Payment Status: Current
Comments:


24-Month Payment History ? Legend



Date: May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr
06 06 06 06 06 06 06 06 07 07 07 07 07 07 07 07 07 07 07 07 08 08 08 08
OK



Account Name: WASH MUTUAL/PROVIDIAN
Account Number:
Acct Type: Credit Card - Revolving Terms
Acct Status: Open
Monthly Payment: $17.00
Date Open: 12/1/2007
Balance: $833.00
Terms: Revolving
High Balance: $883.00
Limit: $1,000.00
Past Due:
Payment Status: Current
Comments:


24-Month Payment History ? Legend



Date: Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May
06 06 06 06 06 06 06 07 07 07 07 07 07 07 07 07 07 07 07 08 08 08 08 08
OK OK OK OK OK




Account Name: WASH MUTUAL/PROVIDIAN
Account Number:
Acct Type: Credit Card - Revolving Terms
Acct Status: Open
Monthly Payment: $44.00
Date Open: 10/1/2005
Balance: $1,744.00
Terms: Revolving
High Balance: $1,744.00
Limit: $4,000.00
Past Due:
Payment Status: Current
Comments:


24-Month Payment History ? Legend



Date: Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May
06 06 06 06 06 06 06 07 07 07 07 07 07 07 07 07 07 07 07 08 08 08 08 08
OK OK OK OK OK OK OK OK OK OK OK OK OK OK OK OK OK OK OK OK OK OK OK OK


Experian:

[jlynn]

If you would get all your current open cards below 50% balance to cl, and ideally at around 35% you should be in the mid to upper 6's.

Is the score a FICO score or a score from Experian's site?

NCO is pretty easy to remove. I would DV all the CAs and dispute with the bureaus.

[GOOD GUY BAD CREDIT]

Hi there jlynn nice to meet you and thanks for the help!

Let me ask, what exacty is an NCO? That score came from the Experian site.


Thanks so much again!

[Hedwig]

NCO isn't a score. It's one of your accounts--NCO Financial.

Jlynn is saying that if you send debt validation (DV) letters to all of the collection agencies (CAs) and also dispute the accounts through the reporting agencies, you should get at least some of them removed.

The score from the Experian site is what we call a FAKO. The true FICO score only comes from myfico. The FAKO scores can vary quite a bit from your true FICO scores.

[GOOD GUY BAD CREDIT]

Wow okay now I got ya. Thanks alot for the input Hedwig. Just curious from a person who is savy at credit repair like yourself...how bad does my credit report look?

[Hedwig]

I'm not as savvy as some around here, so I'll reserve judgment.

[GOOD GUY BAD CREDIT]

lol ok thanks Hedwig

[apexcrsrvc]

It's not awful but, it isn't good either. You're problem is in three stages.

1) You've got several debt purchasers on your reports. By virtue of how they report, they must be removed b/c they will kill your scores. The dates are going to be to recent and the type is going to report as open. Down the drain go the scores.

You have a few miscellaneous lates and collections. NCO and RJM can be dealt with.

2) Your utilization is poor. Do as Jlynn advises.

3) You don't have much by way of open, revolving history. This is what is used to primarily gauge your overall history. You could consider adding some aged accounts if a score increase is imperative to you. Ask a relative or friend to add you to an old credit card or look for this service through a broker if the former option isn't a viable one.

You may be able to touch a 700 if you remove most of these debt purchasers, lower your balances and add some history.

[GOOD GUY BAD CREDIT]

Hey apex thanks for the easy breakdown.

Jlynn said I should DV with the collection agency's and dispute with the bureaus. How can I get the addresses and info for these purchasers? It's funny I have these things on my reports but the CA's never send me any correspondence in the mail so I don't know how dispute with them.

Can I just dispute with the bureaus? Also I looked at your site and am planning on retaining your services for the aged accounts but I was curious if the effect on the score is permanent or just temporary when you add these aged accounts?

Thanks much to all!

Oh one more thing as far as utilization goes. Is it better to just paid down your cards to zero or just to a really low balance? Which one raises your score more?

[jlynn]

The addresses should be on you credit reports, or you can usually google them and find one.

[apexcrsrvc]

Originally Posted by GOOD GUY BAD CREDIT

Hey apex thanks for the easy breakdown.

Jlynn said I should DV with the collection agency's and dispute with the bureaus. How can I get the addresses and info for these purchasers? It's funny I have these things on my reports but the CA's never send me any correspondence in the mail so I don't know how dispute with them.

Can I just dispute with the bureaus? Also I looked at your site and am planning on retaining your services for the aged accounts but I was curious if the effect on the score is permanent or just temporary when you add these aged accounts?

Thanks much to all!

Oh one more thing as far as utilization goes. Is it better to just paid down your cards to zero or just to a really low balance? Which one raises your score more?

As Jlynn states, it should be on your reports. Make sure you search your secretary of state's office for an actual officer in these companies to send the requests for validation to. Along those lines, yes, I would advise you to contact them directly as well as through the credit reporting agencies.

Just pay down the balances to zero. We've seen no reliable data that supports a balance favorably impacts a score and assuming it did, it would be to marginal to justify the hassle of payment. Do use them periodically though.