Got a question about credit. Need some experienced advice.
03-05-2008, 09:45 PM
#31
1.5 BAR
Join Date: Nov 2005
Posts: 828
Re: Got a question about credit. Need some experienced advice.
really? thats pretty cool i didn't think you could even do that, I thought that all you could do was dispute the charges (which I did) and then they send you a response stating weather or not it is a valid debt (which they did), so i can just call them and request it be removed because a certain time period has elapsed? I have ---- on there from 1997, lol.
03-05-2008, 09:48 PM
#32
3.0 BAR
Join Date: Mar 2003
Posts: 21,479
Re: Got a question about credit. Need some experienced advice.
Originally Posted by signorelli21
really? thats pretty cool i didn't think you could even do that, I thought that all you could do was dispute the charges (which I did) and then they send you a response stating weather or not it is a valid debt (which they did), so i can just call them and request it be removed because a certain time period has elapsed? I have ---- on there from 1997, lol.
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03-05-2008, 09:51 PM
#33
3.0 BAR
Join Date: May 2003
Posts: 6,279
Re: Got a question about credit. Need some experienced advice.
According to my buddy who work as a sales man in a car dealer, the quickest way to build your credit is to :
1) allow a small amount of late payment on your credit card , then paid it off an repeat every once a while
2) ask for a raise on the credit limit every two month.
3) make payment on the smallest ---- you can buy at Bestbuy and such. e.g. making a 2 year payment on a $200 dollars TV.
According the him the purpose is to create more "activity" within your report yet yield a minimal amount of negative reports. And if you paid off your ---- every month on time, your credit score will go up but very slowly.
1) allow a small amount of late payment on your credit card , then paid it off an repeat every once a while
2) ask for a raise on the credit limit every two month.
3) make payment on the smallest ---- you can buy at Bestbuy and such. e.g. making a 2 year payment on a $200 dollars TV.
According the him the purpose is to create more "activity" within your report yet yield a minimal amount of negative reports. And if you paid off your ---- every month on time, your credit score will go up but very slowly.
03-05-2008, 09:58 PM
#34
3.0 BAR
Join Date: Mar 2003
Posts: 21,479
Re: Got a question about credit. Need some experienced advice.
Originally Posted by Donald125
According to my buddy who work as a sales man in a car dealer, the quickest way to build your credit is to :
1) allow a small amount of late payment on your credit card , then paid it off an repeat every once a while
2) ask for a raise on the credit limit every two month.
3) make payment on the smallest ---- you can buy at Bestbuy and such. e.g. making a 2 year payment on a $200 dollars TV.
According the him the purpose is to create more "activity" within your report yet yield a minimal amount of negative reports. And if you paid off your ---- every month on time, your credit score will go up but very slowly.
1) allow a small amount of late payment on your credit card , then paid it off an repeat every once a while
2) ask for a raise on the credit limit every two month.
3) make payment on the smallest ---- you can buy at Bestbuy and such. e.g. making a 2 year payment on a $200 dollars TV.
According the him the purpose is to create more "activity" within your report yet yield a minimal amount of negative reports. And if you paid off your ---- every month on time, your credit score will go up but very slowly.
Making a late payment is NEVER a good thing.
Asking for a credit limit increase usually means they run your credit report, which actually hurts you.
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03-05-2008, 11:12 PM
#37
0.5 BAR
Join Date: May 2006
Posts: 92
Re: Got a question about credit. Need some experienced advice.
well i got an offer from Capital one out of the blue.
i can't even tell you when was the last time i got a cc offer so i took it and now i will have another way of building my credit .
on a second note this thread gave me a bunch of pointers to build my credit faster thanks to everyone that has posted
i can't even tell you when was the last time i got a cc offer so i took it and now i will have another way of building my credit .
on a second note this thread gave me a bunch of pointers to build my credit faster thanks to everyone that has posted
03-06-2008, 11:03 AM
#38
1.5 BAR
Join Date: Mar 2005
Posts: 945
Re: Got a question about credit. Need some experienced advice.
Originally Posted by Dr.Boost
lol, don't let the collection agency ---- you over. Send a letter to the reporting agency asking for it to be removed because it's older than 7 years. It's a LAW. They have to remove it. Collection agencies are crooked as ----. Don't ever even talk to them.
03-06-2008, 11:34 AM
#39
3.0 BAR
Join Date: May 2006
Posts: 5,322
Re: Got a question about credit. Need some experienced advice.
Originally Posted by SQ is the SQUAD
i never pay any debt with collection agencys. always go back to the source and just pay them. no matter what the collection agency says
03-06-2008, 06:18 PM
#40
3.0 BAR
Join Date: Mar 2003
Posts: 21,479
Re: Got a question about credit. Need some experienced advice.
Originally Posted by Jorsher
The only problem with that is, from all my experiences both from owing collection agency's myself and working at company that sends people to collections, I'm pretty sure you CAN'T pay the company after it's been written off to a collection agency. If you talk to them they'll tell you that you have to contact the collection agency.
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