Desperately Need some legal advice re: My Credit Report/Score - Page 5

Here is the eHow that lays it out: http://www.ehow.com/how_4469695_disp...hone-bill.html But make sure to first send letters to the company telling them you dispute the charges (and have been disputing them for years and there has not yet been a resolution). Then ask for a credit report correction, as well as complain to the FCC and the BBB. That should get the ball rolling on resolving it.

Yep. If you are other wise responsible with your credit, a 100 point drop would still leave you with a credit score of about 700. Not great, but not a disaster at your age either. Time will heal.

The way I've understood it is that since phone companies are subject to regulation by the FCC, 47 USC 415(a) is applicable. From what I've read, cell phone service agreements usually stipulate that the state laws where the agreement was signed govern the agreement unless inconsistent with or preempted by applicable federal law.

I'm sure you're right about this part, at least.

Well, put it this way. 667 may not be ideal, but its still not going to be an issue unless you are planning to buy a car soon, as is not uncommon at your age. Or a house, which is much less common.

If you can hold off for a year or two on legit purchases that almost have to be financed (i.e. a car or house), you should be OK.

At least you have the smarts to care about this and try to remedy it at your age. From what I can tell, I am not much older than you (27) and I try to be responsible with my finances as well. I'm glad to see someone else doing the same.

I know guys in their forties that have credit scores well below 667. And not because of uncontrollable or noble circumstances, either, such as divorce, major health problem, or a failed business. These guys are just fucking idiots when it comes to personal finances, haven't even learned to save at that age.

You'll be OK, kid. Just hang in there and learn from this relatively minor mistake (seems you already have).




You'll be OK

Yes, and you could, just, like, rent a living space forever and build someone else's nest egg while throwing away money.

What he said.

Credit scores often have little to do with the ability to save money. Someone could have no debt and a high income, and pay his credit card bill every month, and still have a low score. I was clearing my card off every month, but I was also always maxing it because of a low limit. Low and behold, I had a crappy score because I was paying my card off at the beginning of the month and they didn't report till half-way through the month, at which point my card was often maxed again. Even after I adjusted for that, it was still a real pain in the ass because I really didn't have to spend much to max out my card and consequently be > 30% of my available credit.

The remedy to the situation was to increase the limit to the point where my card wouldn't constantly be >30% despite regular full payments.

I laugh whenever I see such ignorance: http://patrick.net/housing/crash.html

Even renting is tougher with bad credit, since many landlords will run credit checks.

Then step away from the mirror and learn to read, idiot. Did he say he recommends buying an overpriced house right now? The point was that without good credit you'll have trouble buying a house even if it's massively underpriced or the market generally is down.

Wow some of you people are so damn judgmental it makes me want to puke. What makes it worse is judging someone about something you know nothing about.

We care about credit in AmeriCa because it is an unavoidable part of life here, contrary to what you may think. Most people need credit to buy a house or a car. You need credit to rent and apartment. You need credit to get a cell phone or cable tv. You need credit to get reasonable insurance. Some emergency rooms check the credit of admissions who don't have health insurance.
To build credit, you will need to have revolving credit and use it responsibly. It is a fact so don't bother arguing with a fact unless you are completely irrational. Credit is not debt. Balance owed on credit is debt. There is a clear and HUGE difference between the two.

The point of this thread is not to flog a dead horse and constantly tell the OP the obvious. Someone messed up we've already established that. Whether is was him or the original creditor is irrelevant. The point is someone messed up and where to go from here.

It's really tiring hearing people spout off arrogant, self righteous b.s. just to feel superior and then not providing ANYTHING constructive, helpful or, in this case, true to the OP.

...stepping off my soap box now....