Credit score help

[kmrivers]

Hello. I am having sort of a problem. So in my early days of college I wrecked my credit. I am in the process of getting it back in order.

So I got an experian credit things for 30 days. It says my score is 511.

Then I hope on equifax. They say it is 614

Then transunion says I have a 624

Which is more accurate? The 511 is really bugging me.

Thanks

 

[ViviTheMage]

511 =

 

[Queasy]

Originally posted by: kmrivers
Hello. I am having sort of a problem. So in my early days of college I wrecked my credit. I am in the process of getting it back in order.

So I got an experian credit things for 30 days. It says my score is 511.

Then I hope on equifax. They say it is 614

Then transunion says I have a 624

Which is more accurate? The 511 is really bugging me.

Thanks

Check your actual credit report from all three agencies. They don't always match which will cause the score discrepancies.

 

[kmrivers]

One thing I should note. There was a deragatory mark on my experian. It was from RJM ACQ, I have never heard of the company they were collecting for. So I called them and they said it would be gone within 30-45 days.

It was some $107 account, would it drag my experian down that much. I don't think equifax has that, and i know transunion doesn't.

BTW, 614 and 624 arent high enough in my opinion. I am working on that though

 

[Queasy]

Yes, the collection note on your credit report would drag the score down.

 

[tfinch2]

Obtain your true credit score from http://www.myfico.com

 

[kmrivers]

Originally posted by: Queasy
Yes, the collection note on your credit report would drag the score down.

100 points!?

 

[mugs]

Originally posted by: kmrivers
One thing I should note. There was a deragatory mark on my experian. It was from RJM ACQ, I have never heard of the company they were collecting for. So I called them and they said it would be gone within 30-45 days.

1. I don't think they just remove stuff because you say you've never heard of the company. They'll verify it.
2. Just because you don't recognize the name of the company doesn't mean you didn't borrow money from them.

Good luck with that.

 

[kmrivers]

Originally posted by: tfinch2
Obtain your true credit score from http://www.myfico.com

I signed up for myFico free trial about 5 months ago. I will be buying some credit monitoring services for a year soon. Which one would you say is the best? Thanks.

 

[Queasy]

Originally posted by: kmrivers

Originally posted by: Queasy
Yes, the collection note on your credit report would drag the score down.

100 points!?

Are there any other differences between the credit reports?

 

[slsmnaz]

I've bought a house and car in the past few months and they always claimed to use the median score. While it looks bad, it should go up when corrected.

I was in the same boat a few years back. Get a CC and pay off completely every month is what really helped mine.

 

[kmrivers]

 

[kmrivers]

Originally posted by: slsmnaz
I've bought a house and car in the past few months and they always claimed to use the median score. While it looks bad, it should go up when corrected.

I was in the same boat a few years back. Get a CC and pay off completely every month is what really helped mine.

Yeah I am doing that now.

 

[kmrivers]

Originally posted by: mugs

Originally posted by: kmrivers
One thing I should note. There was a deragatory mark on my experian. It was from RJM ACQ, I have never heard of the company they were collecting for. So I called them and they said it would be gone within 30-45 days.

1. I don't think they just remove stuff because you say you've never heard of the company. They'll verify it.
2. Just because you don't recognize the name of the company doesn't mean you didn't borrow money from them.

Good luck with that.

It was a book service. I have never bought anything from a book company. So I didn't borrow anything.

He asked me a few questions, like have you lived at the address this was sent to. Which was a no.

And if I had ever bought from this company before. Which was also a, no.

So it should be removed.

 

[slsmnaz]

Originally posted by: kmrivers

Originally posted by: slsmnaz
I've bought a house and car in the past few months and they always claimed to use the median score. While it looks bad, it should go up when corrected.

I was in the same boat a few years back. Get a CC and pay off completely every month is what really helped mine.

Yeah I am doing that now.

Good luck to you then, it's a long road back. It does go up eventually, just keep your debt-to-income ratio low.

 

[kmrivers]

Originally posted by: slsmnaz

Originally posted by: kmrivers

Originally posted by: slsmnaz
I've bought a house and car in the past few months and they always claimed to use the median score. While it looks bad, it should go up when corrected.

I was in the same boat a few years back. Get a CC and pay off completely every month is what really helped mine.

Yeah I am doing that now.

Good luck to you then, it's a long road back. It does go up eventually, just keep your debt-to-income ratio low.

Thanks!

 

[Descartes]

A few things:

1) Never talk to them on the phone. Ever. Don't agree to anything and don't admit anything.
2) Dispute it.
3) If they verify it then send a letter of validation (Google for "credit validation letter") to the creditor or collection agency.
4) If they validate it and you have not paid it then send a letter requesting a pay for delete (again, Google "pay for delete" for specifics).
5) If they don't verify it it will be removed.

Send all letters certified mail with a return receipt. Exercise caution and patience and you should have your credit vastly improved in 6 months.

 

[jlbenedict]

Experian is the bastard child of the 3 major credit reporting bureaus.

Experian is probably the hardest one of the three when it comes to disputes, etc..

And, what Descartes posted is pretty much spot on for advice. I'm in Round #2 of this exact process.

Here is a good discussion forum for anything related to credit: Creditboards

 

[KillyKillall]

I stick with the www.myfico.com constant monitoring and reporting.

Also, definitely hit up the Creditboards forums that are mentinoed above. They are TOTALLY helpful.

 

[kmrivers]

Originally posted by: Descartes
A few things:

1) Never talk to them on the phone. Ever. Don't agree to anything and don't admit anything.
2) Dispute it.
3) If they verify it then send a letter of validation (Google for "credit validation letter") to the creditor or collection agency.
4) If they validate it and you have not paid it then send a letter requesting a pay for delete (again, Google "pay for delete" for specifics).
5) If they don't verify it it will be removed.

Send all letters certified mail with a return receipt. Exercise caution and patience and you should have your credit vastly improved in 6 months.

What if i opted for verbal pay for delete, but it wasnt removed? That is where I am now.

 

[jlbenedict]

Originally posted by: kmrivers

Originally posted by: Descartes
A few things:

1) Never talk to them on the phone. Ever. Don't agree to anything and don't admit anything.
2) Dispute it.
3) If they verify it then send a letter of validation (Google for "credit validation letter") to the creditor or collection agency.
4) If they validate it and you have not paid it then send a letter requesting a pay for delete (again, Google "pay for delete" for specifics).
5) If they don't verify it it will be removed.

Send all letters certified mail with a return receipt. Exercise caution and patience and you should have your credit vastly improved in 6 months.

What if i opted for verbal pay for delete, but it wasnt removed? That is where I am now.

Verbal is going to result in nothing more than "Hearsay" BS.. The deletion is not going to happen and there will be no evidence of the "oral agreement" unless the communication was recorded. Therefore, the creditor will have no incentive to delete the tradeline because it doesn't hurt them any at all.

 

[jlbenedict]

You are basically, SOL.. and this doesn't mean "Statutue Of Limitations" in this case

 

[kmrivers]

Is there anyway to plead with them?

 

[jlbenedict]

Originally posted by: kmrivers
Is there anyway to plead with them?

Did you pay in full??

You can plead all you want.. but they have what they want.. $$$$$

Do you actually think creditors care about you?
I am quite sure you are going to have a hell of a time getting it deleted now.

 

[jlbenedict]

OP:

Did you ever purchase anything previously on a charge account such as Fingerhut, or some book club... or something along those lines?

A quick search shows me that RJM ACQ LLC is what is known as a "Junk Debt Buyer".
Junk debt buyers are scum of the 3rd party collection industry world.