- 1 My Experience Of Getting Paid Collections Removed
- 2 Bank of America: MyAccess Checking Account
- 3 Sites That Give You Free Credit to Shop!
- 4 who gave me credit website
My Experience Of Getting Paid Collections Removed
I’ve had some success previously in getting paid collections removed off my credit file. My story is rather unique however and certainly won’t work for everyone. Also, improving your credit is pretty pointless without improving your overall financial situation. Credit without sufficient income is a recipe for disaster, so before worrying about credit repair I would urge you to look at your finances and income.
My story was that I had a lot of outstanding medical bills and an old cable bill that I thought had been dealt with. I was in a good financial position after focusing on increasing my income for the past few years and so I paid off all of my outstanding bills.
It wasn’t until later that I realized that this had done little to improve my credit. Although, the bills were now appearing as paid on my credit reports there was still collection activity on my credit report which is an extremely negative thing to a lender.
Paid collections can stay on your credit file for 7 years and I really didn’t want to wait this long for my credit to improve. So I set about getting the collections removed from my credit file. The first thing I did was double check every collection listed on my report for inaccurate information. I then disputed anything inaccurate. The result was that the majority of the collections were removed from my credit report.
However a few paid medical bills and the paid cable bill wouldn’t budge. I then tried contacting the original creditors to ask for the collections to be removed from my credit file as an act of goodwill. Unfortunately, the original creditor for the medical bills had gone out of business so I struck out there.
I did however, contact the collection agency and asked them if they could remove them in goodwill. They agreed and after a few days all the medical collections were finally gone from my credit reports. That just left the paid cable bill.
This was the most difficult to get removed and it took some research and patience to yield a result. From reading on credit repair forums I knew I would have to contact someone high up in the cable company and plead my case of why I should get their good will. There were some mitigating circumstances why the original bill had been neglected and so I wrote an e-mail explaining the circumstances and asking for their goodwill in removing it from my credit file.
I then found e-mail addresses of several key people at the cable company. I sent the e-mail to all of them and this included the Vice President, Area Manager and Customer Care Manager. I got several responses but they all seemed to pass the buck rather than give me a yes or no answer. Finally, my request was forwarded to someone who would make the final decision. That decision was that they couldn’t remove the collection. I was disappointed and frustrated but I had to accept their decision. After all, the cable bill had been my responsibility and had remained unpaid due to my oversight even though there were some personal events that lead to this oversight.
I felt defeated but accepted that this could be on my credit file for the foreseeable future. After a day or so this got easier to accept and I started to think of other things to focus on with a view to improving my credit worthiness. Then out of the blue I got an e-mail from someone quite high up at the cable company. They said they were overriding the previous decision and that the paid collection would be removed within a few days.
I was ecstatic! After accepting defeat gracefully I was then rewarded with an act of goodwill from the cable company. It felt seriously good to have got the result I had wanted all along.
So my advice to anyone attempting to get paid collections removed is to be creative. Try disputing but only if there are inaccuracies. Then try the goodwill approach, first with the original creditor and then with the collection agency if you don’t succeed. If they say no, don’t get angry at them and be abusive because if you accept defeat gracefully they may just turn around and change their minds!
I came across this some time ago but thought I would post it as it provides a breakdown of what weight certain factors play in determining your credit score.
As you can see the largest overall factor in determining your credit score is your payment history followed closely by the amounts owed.
One thing that always seems to affect my credit is the length of credit history. Because I moved to the USA from another country my credit history is relatively short compared to that of most Americans the same age as me.
Here is another grahpic from Experian showing the “credit quality” of certain types of credit.
I currently don’t have a mortgage so that could be hurting my credit. I do have an auto loan though which is a type of installment loan. Obviously, I have some credit cards but also some retail cards like Walmart and Amazon.
I thought I would provide some details about which credit monitoring services I have been using to track my credit. I signed up ages ago to services from all three of the major credit bureaus.
Triple Advantage from Experian – Currently costs me $17.95 per month
Complete Premier from Equifax – Currently costs me $17.95 per month
TrueCredit from TransUnion – Currently costs me $19.95 per month
A lot of people think these services are a ripoff and they don’t even provide you with a proper FICO score. However, I enjoy keeping track of changes to my credit file and so for me it’s worth the monthly fee as I am always checking my credit file.
I have also previously used myFICO which is an excellent service (and website).
If you’re on a budget but want to improve your credit you don’t have to signup for all these services. You can usually get your credit report for free once a year from all three credit bureaus. Check out this website for your free yearly credit reports from Experian, Equifax and TransUnion.
I’m always looking for ways to improve my credit score and since I don’t have any negatives on my credit report like collections or bankruptcies I decided to look at getting some of my hard inquiries removed or recoded to soft inquiries.
I know it’s possible to dispute inquries but I don’t want to go that route since all the inquiries on my credit report are legitimate and made by me at one time or another. Inquiries are supposed to stay on your credit file for 2 years but lenders often only look at inquiries in the past 6 or 12 months.
One reason I have been denied credit recently is the amount of inquiries in the past 12 months. This is why I am taking a look at my inquiries to see if there is any way I can shift some of them.
The first inquiries I am going to attempt to remove are from Avis. I’ve been renting from Avis for some time and last year had quite a lot of rentals with them since I was without my own car for most of the year. One thing many people don’t realise about rental cars is that many rental companies will do a hard pull on your credit file when paying with a debit card.
I become a preferred member with Avis last year which apparently removes the need for them to run your credit every time you pay with a debit card. However, I still seem to have 4 hard pulls on my Equifax credit report from Avis.
So I got my wife to call Avis and ask if they would consider either removal or recoding of these. The lady she spoke to was very helpful and has already removed 3 of the 4 inquiries. If the 4th hasn’t gone in a few days we will call her back.
The credit score shown on my Equifax credit monitoring (although not a FICO score) has already gone from 644 to 652!
Bank of America: MyAccess Checking Account
Having previously been denied a credit card from Bank of America I decided I would try to open a checking account with them to establish some financial history with them.
This may or may not work but it seems to have helped with Chase so I figure I would try it. applied online for their basic “MyAccess” checking account and was approved. I sent off a $100 deposit and should be getting my shiny new debit card in the mail shortly.
As with a lot of banks there are conditions to meet in order to avoid a monthly fee. This account requires either a $250 direct deposit each month or an average monthly balance of $1500 to waive the fee.
I’m working on the assumption that a direct deposit is simply any deposit not initiated from Bank of America. Therefore I should be able to move money around between my new checking accounts to avoid any fees. If that doesn’t work I may have to put $1500 in each account which will mean pulling cash from investments.
I decided to apply for a few new checking accounts in an attempt to build some history with banks like US Bank where I would like to apply for credit cards in the future.
One of the reasons I am doing this is that I was recently approved for a Chase Freedom card which is supposed to be a difficult credit card to get.
I have had Chase checking and savings accounts ever since my Washington Mutual accounts were taken over by Chase back in 2008/2009.
US Bank recently denied an application for one of their credit cards so I really want to build a relationship with them. I plan on reapplying for their credit card in 6-12 months.
Anyway, I put in an online application for a Easy Checking account with US Bank. It wasn’t approved instantly which usually means there is a problem. It says I will get a decision within 3 business days so I will wait and post and update here.
Got an e-mail from US Bank today that states I was denied a checking account with them (click image to see full size).
According to the e-mail they pulled my TransUnion credit report which is weird because it’s not showing an inquiry from them. This was a checking account I really wanted so I am naturally dissapointed. This is the first checking account I have been denied ever!
I have a couple of options now. I can reapply online and change a few things on the application like the overdraft protection or I could go to an actual branch to try and open an account. I will think about this for a while before deciding my next move.
Okay, so I decided to actually go to a branch and open a a checking account since there is one not far from my house. The woman was really nice and actually convinced me to open a combined Silver Checking and Savings account. The bonus is that they waive the monthly fee since I setup a monthly transfer of $25 from Checking to Savings.
I’m not sure what the problem was opening an account online but they really seemed to like me at the local branch. I opened an account with no issues at all and got the impression they were impressed with my credit. Perhaps they treat all new customers in this way but I have to say I am liking the US Bank experience so far!
Sites That Give You Free Credit to Shop!
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There are a bunch of websites that give new shoppers free credits to shop and these same sites will give you more free credits to shop when you refer friends! How cool is that? You are getting free credits to shop and sharing these sites with your friends who also can get free credits so its a win win.
This strategy to get free stuff may seem like a lot of work but if you have a lot of friends or family (either in real life or on social media), then you may be easily on your way to getting all sorts of free products from some popular websites. Even if you don’t think you want to refer friends keep reading because a lot of the sites that I mention will give you a shopping credit just for signing up free, so stick around and save yourself some money.
Sites That Give You Free Credit to Shop
I am in no way at all into pushing products on friends, and this strategy is not that, in fact, it is the opposite because you are sharing great shopping sites that are free to join and often offer shopping credits to your friends to save them money on their first purchase. I love it when I can help other people by giving them money to shop, getting money when they do shop is just a great bonus!
Some of the best shopping sites will give shopping credits to the friends you refer, and they will also give you credits to shop after your friend shops through your referral link. The best part is these sites are all free to sign up, and there is no obligation to buy.
These companies want to spread the word about their website and need your help to do so, and that is why they give out these shopping credits. Below is a list of my favorites, I am using my referral links in the list just FYI :-).
Here are my top referral credit sites, some of which give credits to both you and your friends:
Grove Collaborative– Refer friends and they will send them $10 and, once they sign up, you’ll get a $10 credit for each friend who joins.
True&Co – Share True&Co. by giving friends $15 towards their first purchase and get $15 for each offer redeemed!
Ruelala – Sign up and start referring your friends, whenever someone joins Rue through your link, you’ll get a $10 Credit when their first order ships.
Erincondren.com – Invite a Friend! Get $10 store credit when they purchase!Plus they get $10 off of their order as well so its great for both of you.
Thredup -Your friends will get $20 off their first order. You get $20 when they place their first order. Win/win!
Gilt City- When you invite a friend to Gilt City, that friend gets $25.00 off their first purchase of $50 or more. Once they buy, you get $25.00 off your next experience. So start inviting.
Schoola – $10 for You. $10 for your Friend. 40% to Schools. The more you share, the more you receive! You will get $15 when you use my link too
efurb – Your friends will automatically get $10 towards their first purchase when they sign up through your link. You earn $10 per invite as soon as they make their first purchase. This is my link so you will get $10 towards your purchase as well
One Kings Lane– Your destination for top-brand & designer furniture, decor, art, gifts & vintage items up to 70% off. And there’s a $15 credit waiting for you! Plus earn $15 when your friend makes a purchase!
Beyond The Rack – Beyond the Rack is a private shopping club for women and men who want designer brand apparel and accessories at prices up to 80% off retail. Get a $10 shopping credit after the friend you referred completes a purchase. Earn up to $5000!
Zulily – You earn a $15 shopping credit when a new member joins Zulily through your personal link and completes a purchase.
Joss&Main -Use your personal referral link to share Joss&Main and get a $15 Credit. Each time a friend joins through your link, you’ll receive credit for their first purchase.
Ok, so you signed up for the ones you like right? Make sure you go to the section of the website that says something like “refer-a-friend” (make sure you are signed in). Once you get your link, you can share it with friends, and you will be on your way to saving a lot of money and getting free stuff. I always let my friends know that I am sharing my referral link with them so that they know and I also let them know that they can do the same afterward. Remember its a WIN WIN for both you and your friends and family.
I will keep adding to this list as I find more. Let me know in the comments any of your favorites!
who gave me credit website
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Disclaimer: Individual results may vary. Not all items are eligible for removal or deletion from your credit reports. ReCredit consultants only provide information based on state and Federal consumer protection laws such as: Fair Debt Collection Practices Act (FDCPA), Fair Credit Reporting Act (FCRA), and Telephone Consumer Protection Act (TCPA). We use best efforts to improve your credit scores and reports, but accept no responsibility for negative financial performance including, but not limited to, missed payments, frequent credit inquiries, debt abandonment, or bankruptcy/court filings. Contact us if you have specific questions before enrollment.
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