EXPERIAN CREDIT SCORE: 478 OPEN ACCOUNTS: - CREDIT CARDS - SEZZLE INC: 5 LATE PAYMENTS - AUTO LOANS - BMW: 7 LATE PAYMENTS - CAPITAL ONE AUTO FINANCIAL: 3 LATE PAYMENTS - PERSONAL LOANS - SPEEDY CASH/CURO ($3,091) CLOSED ACCOUNTS : - CREDIT CARDS - CAPITAL ONE ($268): CHARGE OFF - COMENITY BANK: LATE PAYMENT - FIRST PREMIER BANK ($640): CHARGE OFF - AUTO LOAN - WESTLAKE FINANCIAL SVC LATE PAYMENTS - PERSONAL LOANS - CAPITAL COMM BANK/TLS: LATE PAYMENTS - MONEYLION INC ($421): CHARGE OFF - ONEMAIN ($9,964): CHARGE OFF - OPORTUN/PROGRESO FINANCIAL ($596): CHARGE OFF - POSSIBLE FINANCIAL INC ($220): CHARGE OFF - OPPLOANS/FINWISE INC ($4,048): CHARGE OFF - COLLECTIONS ($2,227) - AD ASTRA RECOVERY SERVICES ($315) - I.C. SYSTEM, INC ($1,163) - RC/RESURGENT RECEIVABLE ($749) - HARD INQUIRIES (30) TOTAL DEBT = $18,384 NOTES: ● OPEN ACCOUNTS ○ HIGH PRIORITY: Sezzle Credit Card is 5 months late which is rare to see. Creditor’s typically charge off credit cards after not being paid for 120-days (4 months). This account currently has a negative affect on your score because of the derogatory marks (late payments). These late payments will remain on your credit report for as long as the account is open. If you wanted to have it removed as well, you can try contacting the creditor and plead a case of financial instability and they will be willing to close out your account, marking it as a charge off. ○ For your auto loans, you have a few late payments as well. A trick for removing late payments on open accounts would be to contact the original creditor and again, plead a case of financial instability while offering to enroll in autopay to ensure you don’t miss any payments going forward. (This may not work for every late payment but there’s a chance it will work for 1 or 2 of them) ○ Best advice I can give for your open accounts, maintain consistent timely payments and pay off balances for accounts with late payments in order to have us remove the account later on In the future! ● CLOSED ACCOUNTS ○ HIGH PRIORITY ■ COLLECTIONS ● Please be aware that the collections serve a higher priority when showing on credit reports because they put you at legal liability. A collection is a debt that has been sold off by the creditor to a debt collection agency. Debt collectors will pursue you by any means necessary and attempt to have you settle a percentage of the debt that you owe. If collections are neglected, you run the risk of being summoned to court and being legally required to pay the collection debt ○ (Keep in mind that if your collections account reaches this level, you will also be responsible for paying on any additional court/attorney fees. If you cannot pay the total of these charges, the debt collection agency has the legal right to garnish your wages) ○ Every account listed under “Closed Accounts” currently has a negative affect on your credit score. The types of derogatory remarks on your account are as follows: ■ LATE PAYMENT ■ CHARGE OFFS ■ COLLECTIONS ■ HARD INQUIRIES (Excessive) ○ In order to avoid tarnishing your relationship with creditors you currently work with (open accounts), we only remove derogatory remarks from accounts that are closed out.
