THIS IS A TOTALLY TRUE STORY
In the first place I did not graduate
college on time and I ran through my inheritance. Then I had to get
a real job to pay my bills.
I was 30 days late 30 times out of 60 chances with 13,000 dollar Toyota Motor
Credit Auto Loan on a Toyota Camry we got financed on the strength of my
wife's nursing job and a small
Credit Card that we had had for 12 months.
I was 13 times over 30 days late, 3 times
over 60 days late, 1 time over 90 days late and finally charged
off for 1200 dollars on a local high interest rate finance company loan who financed our fitness
club membership. We had gone back and refinanced the loan 2 more times. They sent us
letters in the mail all the time saying come finance money for Christmas, a
trip or to help with other loans. The next thing I know I owe them
3500 dollars. I started out at about 700. When I lost my job I
had paid it way down but I still owed 1200 bucks when we
moved. Don't we all seem to move when we get kicked in the head real hard?
I had a 4000 dollar small local bank loan on a lawn mower that
my lawn care boss co signed with me on so we could go into business
together. Guess what? I didn't pay that right either and was late
more than half the time on a 48 month loan. My ex boss was furious
and called me to make me pay as his credit got screwed up too
because I was screwing up.
I had 2 medical collections from a small walk in medical
clinic. One for 345 dollars and one for 145 dollars. I hoped by
moving these would go away too.
I had 3 utility collections, one for water, one for electricity and one for my telephone. These collections where like 150 buck, 80
bucks and 60 bucks. Nothing big, but big enough to make my credit
sink to the bottom of the barrel.
To top everything off I got charged off at BP
Oil gas credit card for 345 dollars.
Whew what a totally mess. sure it could
have been worse and many a person has worse problems. But these
were my problems and this is how I got started with credit help
and fixing my own credit
I had to get a good job and
pay back my bills.
Everything on my credit report
true and accurate. When we moved and I got a good job my wife wanted
a house and I went out to get one. My banker who I still talk to
today told me. "Shewee Bo Majors you have to clean up your credit
and get some good credit before you will ever be able to buy a
house." So I started to work. I got all three copies of credit reports and credit scores and went line
for line trying to pay off, dispute, negotiate or re-open.
With my new job and remarkable wife we worked for about 1 year and were able to buy a house. Nothing is easy. This stuff takes time. But if I can do it, then so can you!
The very first thing I did was work with BP
Oil because I knew I had to have good open and current credit. In
1992 I called them and told them I needed good credit and that I
would pay the 345.00 and add and extra 300.00 down payment to
start new good credit.
I charged gas and paid extra
each month for 12 months.
and asked the Credit Card to remove anything older than 24 months
which was a charge off, 5, 30 days late, 2, 60 days late and 1, 90
days late and they did.
My I checked
my credit report and everything with BP Oil now said 400.00+ high
credit limit with 0.00 dollars owed and a perfect "no late's"
jumped huge in less than 13 months.
The couple of things I did was call Toyota
Motor Credit and the utilities in hops of cleaning that mess up. I
had paid off Toyota and most any car of home loan company is not
going to go back and change anything more than a month or 2 old. I
was up a creek but at least it was paid off.
I called the
utilities and all I could do with them is pay them off to get my
report to show I paid off the collection / charge offs. I did it
and got nothing in return as far as taking the bad marks off my
credit. BUT they did show collections paid in full. So at
this point I had 3 paid of accounts that showed I was not a good
payer or that I was a possible credit risk that did eventually
pay. Some people call this SLOW PAY.
Next I tried to call the local finance
company that financed my fitness club membership. Guess what. I
could not find them. They had gone out of business. SO I disputed
the account as not mine. Guess what. The bureaus got no response
and deleted the account completely from my credit
Then I tried to contact the banker that my ex
boss cosigned for my on. Guess what again. They went out of
business too, or they moved or something happened and I could not
find them. I disputed the account as not mine and the account was
removed from my credit report.
Then I went after the medical collections.
The collection agency's would not agree to take the bad marks off
my credit and they said only the medical clinic could give them
authorization to do that. I called the clinic and explained,
I was a decent guy that wanted to pay my bills but, I lost my job
and now was trying to buy a house and this was all that was
keeping from doing so. Would they please authorize the collection
agency to take this mark off my credit if I paid them in full. The
clinic agreed of I paid the collection and all fees. This happened
less than one year after the collection was filed on me and I
think this helped me. Plus I know the collection agency did not
know where I lived since I had moved. They knew I meant business
and this might be the only chance for them to get their money
So now everything was paid off and I had re
opened my BP Oil credit card and most of my past bad credit was
about a year old since date of last activity.
All I had to do was pay my BP Oil card good,
keep a god job and after about 1 year my score jumped from 565 to
a 670.At first I spent a lot of time trying to call
the bureaus and call everyone and find help online. I knew I was
not the only frustrated guy out there.
So I made this website with information on
the bureaus and how
to fix my credit and get free credit help. Now I have helped
thousands of people and I hope I can help you.
Bo Majors and I
answer your credit report questions as best I can, free and fast here
Since 1998. Below are resources I endorse.
Bo Majors Bad Credit
to Good Credit Story. I had bad credit with
collections, charge offs, late payments and no
new good credit on my credit report
You must have 3
- 6 lines of
good credit to
medical bills do
not build a good
credit report or