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TambaBerry 09-26-2013 08:25 AM
Credit Question
 
I have a derogatory mark on my credit history that is nearing the 7 year mark. What can I do to get it off? Also, has anyone used or heard good or bad things about credit repair services?

Simply Red 09-26-2013 08:27 AM
get an Equifax account and dispute it - they include detailed instructions on how to dispute. That'll get them to work in correcting it.

Grim 09-26-2013 08:27 AM
I'd steer clear of credit repair services. A buddy of mine shelled out a couple of grand to one of those services years ago and they did nothing to his credit report.

If it's close to seven years, just be patient and it will disappear at the seven year mark.

Simply Red 09-26-2013 08:27 AM
It may be like $30 per month - I don't remember.

vailpass 09-26-2013 08:29 AM
Quote:
Originally Posted by tambaberry (Post 10020765)
I have a derogatory mark on my credit history that is nearing the 7 year mark. What can I do to get it off? Also, has anyone used or heard good or bad things about credit repair services?
Credit repair services are a known scam. Contact the firm that holds your bad mark and see if they'll do a pay for delete.
If you can't pay even a negotiated lower rate the mark should drop off soon.
Are you trying to get a mortgage, car loan, card?

TambaBerry 09-26-2013 08:29 AM
Quote:
Originally Posted by Grim (Post 10020773)
I'd steer clear of credit repair services. A buddy of mine shelled out a couple of grand to one of those services years ago and they did nothing to his credit report.

If it's close to seven years, just be patient and it will disappear at the seven year mark.
They said total if everything gets off my credit would be 600 dollars

TambaBerry 09-26-2013 08:30 AM
Quote:
Originally Posted by vailpass (Post 10020778)
Credit repair services are a known scam. Contact the firm that holds your bad mark and see if they'll do a pay for delete.
If you can't pay even a negotiated lower rate the mark should drop off soon.
Are you trying to get a mortgage, car loan, card?
Mortgage

TambaBerry 09-26-2013 08:30 AM
Quote:
Originally Posted by Simply Red (Post 10020771)
get an Equifax account and dispute it - they include detailed instructions on how to dispute. That'll get them to work in correcting it.
I already tried that

vailpass 09-26-2013 08:31 AM
Quote:
Originally Posted by tambaberry (Post 10020782)
Mortgage
Talk to your lender, see if it even matters. If it does, negotiate a pay for delete.

Grim 09-26-2013 08:31 AM
Quote:
Originally Posted by tambaberry (Post 10020781)
They said total if everything gets off my credit would be 600 dollars
How long before the item reaches the 7 year mark?

TambaBerry 09-26-2013 08:35 AM
Quote:
Originally Posted by vailpass (Post 10020786)
Talk to your lender, see if it even matters. If it does, negotiate a pay for delete.
My credit score is good he said I can get approved, just worried that the underwriter might deny it when it comes time to buy the house we want.

COchief 09-26-2013 08:35 AM
Quote:
Originally Posted by Simply Red (Post 10020771)
get an Equifax account and dispute it - they include detailed instructions on how to dispute. That'll get them to work in correcting it.
Rinse and repeat with all three credit reporting companies until it vanishes. They send a confirmation to the offending company and the company will likely miss one and then TU/Eq/Ex will remove it. This is basically all those "clean your credit" scam companies do if they even bother doing it in most cases.

TambaBerry 09-26-2013 08:36 AM
Quote:
Originally Posted by Grim (Post 10020787)
How long before the item reaches the 7 year mark?
January 2014

vailpass 09-26-2013 08:37 AM
Quote:
Originally Posted by tambaberry (Post 10020801)
My credit score is good he said I can get approved, just worried that the underwriter might deny it when it comes time to buy the house we want.
You're fine. If you aren't comfortable contact them and settle for delete.

TambaBerry 09-26-2013 08:44 AM
Quote:
Originally Posted by vailpass (Post 10020808)
You're fine. If you aren't comfortable contact them and settle for delete.
You think I should just go ahead and try to buy a house?


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