Tuesday, November 07, 2006

Wooowie! Larry Linkler's back again and my oh my do I have some credit repair stories to tell you folks in credit report land. OK, now I'm not quite sure how much of the credit restoration story I got through the last time but I'll try to get the FICO rolling with some more delinquencies in a bit. Woooh! Did you see that? It was a credit score zipping by with a collection agency right behind it. How many times do you see that on a credit report airplane?

R1, R2, R3, R5, and R9 are all codes that you DO NOT want showing on your Equifax, Experian, or Trans Union. Just to recap, the mortgage is after the bankruptcy and this is with or without a foreclosure or reposession. The credit card debt is not far behind. This may or may not be a problem for a credit repair company that does not like a Chapter 7 Bankruptcy.

The credit bureau is a dispute letter behind and this is the same for Equifax. If Experian has a thing or two to say about the Vantagescore then that will be the same (or different) than Trans Union. Wait 30 days and then the credt card payment will be a charge off. You DO NOT want to use a debt consolidation mortgage company if the rates are high. I repeat the FICO score is not to blame for the charged off credit card. You know fully well, that the collection agency will sell it again and again and cause big problems to your Vantagescore.

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1 Comments:

Blogger Short Stories said...

Larry, I wish you would make more sense when you talk about FICO score you define Credit Score Confusion.

5:09 PM  

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