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  • #31
    Re: Questions for Security Clearance credit issues.

    Yes, you can dispute anything...and there are tricks on doing this as well. But just getting it deleted does not mean it will not show back up again at a later time. At which point you have to start the process over again. Also, the success of this will depend on how many times the debt has been sold. The more times it has been sold, the better chance of it working.

    ----This is not what you originally said. You stated, and I quote "you cannot dispute items you actually owe"...which we now know is False, The likely hood of it reappearing is slim. It basically will determine what type of account it was. Collection agencies generally don't "re report" unless changes have been made. If the balance is adjusted or some change to the account has been made, then they report. The odds are extremely in your favor that once gone...is always gone. It has zero effect on this for how many times the debt was sold, it is 100% irrelevent, you are technically disputing entries....not accounts.

    the "myfico" website has (or atleast used to, I haven't been there in years) all the step by step actions you need to do to dispute and samples of letters that work. They really break it down and make it easy for people to do this themselves.

    ----Those websites are crap. The majority of their examples want to offer an explanation.

    People just seem to have a illusion that these companies have some magic formula for cleaning up their credit and that just simply isn't the case.

    ----Its not magic, but Lexington Law will produce better results than the average schmoe.

    And we wonder why the economy is in the crapper. In this case, guy has 2 cars repossessed and now wants it dropped from his credit report just because. Most of these places will settle for pennies on the dollar on these debts if you call them up and make an offer and then you don't have to worry about disputing it later on.

    -----Paying them and settling debts does nothing for your beacon score. It will actually initially lower it because the debt will report a change, triggering the report to think it is a new entry, when it isn't. Deleting them improves your score, for obvious reasons. Any offer to pay should be attempted with a pay for deletion letter.
    Last edited by ParalegalNCO1; October 24th, 2012, 02:56 PM.

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    • #32
      Re: Questions for Security Clearance credit issues.

      Originally posted by ParalegalNCO1 View Post
      ----This is not what you originally said. You stated, and I quote "you cannot dispute items you actually owe"...which we now know is False, The likely hood of it reappearing is slim. It basically will determine what type of account it was. Collection agencies generally don't "re report" unless changes have been made. If the balance is adjusted or some change to the account has been made, then they report. The odds are extremely in your favor that once gone...is always gone.

      Yes, I did say you can't dispute. I guess I should have said, "you can lie and dispute the debt as being accurate even though you know you owe the money" which can be effective if there isn't the company doesn't have their records in order. And I still disagree that the odds are in your favor it is gone forever. I've known of too many people that have it pop back up again.

      Originally posted by ParalegalNCO1 View Post
      ----Those websites are crap. The majority of their examples want to offer an explanation.

      Not the letters I'm talking about, they just keep it simple. Dispute the charges as accurate and demand they provide proof of the debt


      Originally posted by ParalegalNCO1 View Post
      ----Paying them and settling debts does nothing for your beacon score. It will actually initially lower it because the debt will report a change, triggering the report to think it is a new entry, when it isn't. Deleting them improves your score, for obvious reasons. Any offer to pay should be attempted with a pay for deletion letter.
      No...of course it doesn't help your credit score at all (especially not like if it was just deleted). But it can be much quicker than playing the dispute game for months and months. And of course you would attempt to get a deletion letter in return for settling.

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      • #33
        Re: Questions for Security Clearance credit issues.

        And we wonder why the economy is in the crapper. In this case, guy has 2 cars repossessed and now wants it dropped from his credit report just because. Most of these places will settle for pennies on the dollar on these debts if you call them up and make an offer and then you don't have to worry about disputing it later on.
        Excellent observation but you have to forgive Paralegal. Sometimes, it seems, his mind goes on Defense Attorney mode and it appears that he is trying to get his client off and he knows all the loopholes to circumvent the law

        Teasing you brother.

        Comment


        • #34
          Re: Questions for Security Clearance credit issues.

          Only answering the part about being denied a clearance...

          If you are denied a clearance you will permanently have to answer "yes" to a question on whether you have been denied for one and explain why. You will be prohibited from re-applying for a clearance for 365 from final adjudication. Can a denial be overcome? yes. It just makes it harder on you.

          Despite this not making a lot of common sense, the Army Clearance Facility will straight up deny you for virtually any unpaid debt of any amount. Whether its $10k or $50, if its charged off, they will send you a letter of intent to deny. Does it make sense? not really... is a military member susceptible to bribes over $50? I hope not.

          Comment


          • #35
            Re: Questions for Security Clearance credit issues.

            "you can lie and dispute the debt as being accurate even though you know you owe the money" which can be effective if there isn't the company doesn't have their records in order.

            -----If you dispute it properly you are not lying about anything. Asking the credit agency to verify the debt, is just that. You are not even saying if it is yours or not.

            And I still disagree that the odds are in your favor it is gone forever. I've known of too many people that have it pop back up again.

            -----Thats fine if that is your opinion, but like I said, it depends on what the account is. A charged off revolving credit card account has a great chance of reappearing then a collection account for your cable bill. The reason is the credit card company generally updates every month. The collection account for a utility is generally a one time deal. Your cable is already off, cause you didn't pay!

            Not the letters I'm talking about, they just keep it simple. Dispute the charges as accurate and demand they provide proof of the debt.

            ------You only demand proof of the debt from the creditor, not the credit bureau. Telling the credit bureau the charges are inaccurate is already to much information....If the charges are inaccurate, then you are saying the account is yours. They would use that sentence against you as you implied ownership.

            No...of course it doesn't help your credit score at all (especially not like if it was just deleted). But it can be much quicker than playing the dispute game for months and months. And of course you would attempt to get a deletion letter in return for settling.

            -------And outside of a security clearance or maybe getting a mortgage, there is ZERO benefit to doing this. Furthermore, when you use a pay for deletion letter, it isn't something you "get", it is something you draw up and send them. You ask them to sign it in agreeance and mail it back to you. Once you have a signed agreement offering deletion, then you send in the benjamins. Always in writing, never over the phone.

            Comment


            • #36
              Re: Questions for Security Clearance credit issues.

              Originally posted by show_stopper999 View Post
              Only answering the part about being denied a clearance...

              If you are denied a clearance you will permanently have to answer "yes" to a question on whether you have been denied for one and explain why. You will be prohibited from re-applying for a clearance for 365 from final adjudication. Can a denial be overcome? yes. It just makes it harder on you.

              Despite this not making a lot of common sense, the Army Clearance Facility will straight up deny you for virtually any unpaid debt of any amount. Whether its $10k or $50, if its charged off, they will send you a letter of intent to deny. Does it make sense? not really... is a military member susceptible to bribes over $50? I hope not.
              What if it is reported as a charged off, but PAID. Will it still trigger that automatic first step?

              Comment


              • #37
                Re: Questions for Security Clearance credit issues.

                Originally posted by ParalegalNCO1 View Post
                Their retainer (one time fee) is 99.99, there are three levels of service and you don't need anything more then the basic service, which is 59.95 a month.

                It will take 90 days to get the results back from their first rounds of disputes. You will see the biggest benefit by staying with them for aproximatley a year, unless of course you run out of things for them to dispute. Using them for 30 days will get you no where, this isn't a fast process.
                ah gotcha, they said that the retainer fee was 99.99 and it gave my the top level services if I wanted to change services I can do so 15 days from the date I pay the 99.00 and I can pick whatever service I wanted.

                Comment


                • #38
                  Re: Questions for Security Clearance credit issues.

                  Originally posted by show_stopper999 View Post
                  Only answering the part about being denied a clearance...

                  If you are denied a clearance you will permanently have to answer "yes" to a question on whether you have been denied for one and explain why. You will be prohibited from re-applying for a clearance for 365 from final adjudication. Can a denial be overcome? yes. It just makes it harder on you.

                  Despite this not making a lot of common sense, the Army Clearance Facility will straight up deny you for virtually any unpaid debt of any amount. Whether its $10k or $50, if its charged off, they will send you a letter of intent to deny. Does it make sense? not really... is a military member susceptible to bribes over $50? I hope not.
                  Ok thanks, I'm just going to work on cleaning it up and in about 6 months try and get the OCS option.

                  Comment


                  • #39
                    Re: Questions for Security Clearance credit issues.

                    Originally posted by ParalegalNCO1 View Post
                    You send disputes to the credit reporting agencies, I.E. Equifax, Experian and Transunion.

                    If that fails, and you are writing the companies (which you apparently were) you are better off sending them a "pay for deletion" letter. Essentially in that tactic you ask them to delete the entry upon a set amount of money being paid. It has a fair success rate, you can find examples on line. They also don't need to be sent certified, just use a self addressed stamped envelope for them to return the signed agreement.

                    While sending the creditor a direct dispute after 30 days have past (in most states) is technically a legal way to dispute debt, it just wont get you anywhere on the credit report. Sending them one within 30 days of a collection notice usually can stop them from reporting derogatory information until they prove you owe them (which they usually will do).
                    I know I have some things that are reported on my report that are not correct but at the same time I have some debts that are correct. Once I get feedback from Lexington I will reach out to the company and attempt the "pay for deletion" letter approach.

                    Thanks for the into

                    Comment


                    • #40
                      Re: Questions for Security Clearance credit issues.

                      Originally posted by ParalegalNCO1 View Post
                      And outside of a security clearance or maybe getting a mortgage, there is ZERO benefit to doing this.
                      Well since that was the whole premise of this thread

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                      • #41
                        Re: Questions for Security Clearance credit issues.

                        Originally posted by HR NCO View Post
                        Well since that was the whole premise of this thread
                        Im with you, but there was a time vs money caveat to this guys situation.

                        Comment


                        • #42
                          Re: Questions for Security Clearance credit issues.

                          On a side note, Paralegal, I see that you switched MOSs a few times, they don't have a problem retraining you? I didn't just want to enlist and go back to 11B, I wouldn't really be getting anything out of that. I thought about going enlisted as a 27D Paralegal or 68P Radiology Specialist until I got my credit cleared up but I dunno if they would be ok with training me and they releasing me for OCS.

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                          • #43
                            Re: Questions for Security Clearance credit issues.

                            Originally posted by JerseyJoe View Post
                            On a side note, Paralegal, I see that you switched MOSs a few times, they don't have a problem retraining you? I didn't just want to enlist and go back to 11B, I wouldn't really be getting anything out of that. I thought about going enlisted as a 27D Paralegal or 68P Radiology Specialist until I got my credit cleared up but I dunno if they would be ok with training me and they releasing me for OCS.

                            It is alot harder to change than my signature implies.

                            When you are 11C you are also automatically qualified in 11B, so that wasn't a change.

                            Technically, I was never officially a 79T because that is an E-7 only MOS. I went to recruting school and was a detailed recruiter. That is called a special qualification identifier of "4" added to your MOS. But if I put that in mysignature, very few would know what it means.........so that wasn't really a change either.

                            27D was my only true reclass, and I did that when I came into the Guard from the Active World.

                            27D REQUIRES A SECRET.

                            You generally don't have a problem getting released for OCS unless you are a turd.

                            Comment


                            • #44
                              Re: Questions for Security Clearance credit issues.

                              Originally posted by ParalegalNCO1 View Post
                              It is alot harder to change than my signature implies.

                              When you are 11C you are also automatically qualified in 11B, so that wasn't a change.

                              Technically, I was never officially a 79T because that is an E-7 only MOS. I went to recruting school and was a detailed recruiter. That is called a special qualification identifier of "4" added to your MOS. But if I put that in mysignature, very few would know what it means.........so that wasn't really a change either.

                              27D was my only true reclass, and I did that when I came into the Guard from the Active World.

                              27D REQUIRES A SECRET.

                              You generally don't have a problem getting released for OCS unless you are a turd.
                              Damn 27D is a secret too haha, I'm at lose lose here. I guess I just gotta take the hurry up and wait route with this credit stuff.

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