What are you doing / did you do today / CHAT THREAD
- Thread starter JohnS.
- Start date
^ must be nice to be rich...
Rich? Shoot...I wish. Got myself out of debt, and will only finance about 6500 of it if I can get rid of the civic. Don't want a car payment, but I'll have to if I ever want a nice car. It's good for credit anyhow.
Went to buy a 2010 BMW 335i like 6 months ago. Got LOL'd at due to my credit score. Said "okay, fine". Put thousands into rebuilding credit (paying off debts, opened a new line of credit, paid on it religiously and on time etc.). Over 6 months, credit score went from 515, to 710. Now, I'm going to put $4k down and walk out with the car I want and have a low monthly. Stooooked.
Gotta be smart at it. I wouldn't have done 1000's per say; esp if any were collections. Collections are so easy to pay pennies on the dollar. Just need to have the right verbiage and know what you're doing. I deal w/ it all day every day with potential 1st time home buyers.
LMK if you want help. Other than selling mortgages, I'm a financial planner. It's much easier and cheaper than most think, and scores jump fast if you do the right steps.
this is the way to do it, smart man. I got lucky and never had to pay student loans with my scholarship and working at a bank i get uber great deals on loans. I did rack up some credit card debit through college (who doesnt ) and paid all that off. Feels great not to owe money to anything other than a house. Just gotta pay as much as possible and live like you are broke for a while to get everything paid off. Its like a ton of bricks being lifted from your shoulders
Problem with that, is if you settle with a company, they won't post that your debt as paid as agreed upon to credit bureaus. I had one account in collections, the others were with the creditor. Paid off two, last one is the collections account (which is the biggest), but once I started paying on it, the credit company reclaimed the account (how? I have NO idea. Didn't think that was legal or possible), and have already (obviously) started posting "paid as agreed" to my credit report. It's made a significant difference.
I feel you there man! I make a good chunk of change, and don't see much of it (which is why my build is so damned slow, but eh). Once all this s**t is paid off, I'll be able to do more of the things I want.
PM with what's going on if you want. I'm not licensed outside of MO so I'm free if you're not here. lol!Could you help me as well?
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Actually, by law they are supposed to. If it was never reported, it more than likely was never reporting to begin with. At the end of every report there is a decode list of all accounts you've ever had of any type that were reporting you in any way.
Never EVER pay on a collection until an agreement is made between you and them. Then refuse payment until you have that agreement in writing. Demand zero contact other than in writing to you. Only THEN do you start the payment process. Anytime you start to pay on it, it starts the statues of limitations(7 years) all over again and they have every right by that point to demand payment if it is missed after an agreement is made.
If a collection has never been made payment upon, contact not met, they cannot sue b/c they have zero verification on your end. You can actually sue the company for harassment at that point.
Yes, I'm aware. I have an agreement that was faxed to me from them stating that once the amount is paid in full to them, it will report as "paid in full as agreed" on my credit report.
Changed rear wheel bearing
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Still at work. Yippie!
set some 60' trusses, getting ready for the weekend and helping my buddy so some siding on his house so he can get the money from the bank for having that done(scored me a couple months of free rent when i go to school this winter. woohoo!)
sounds like the best day ever!