$939 credit card account deleted!!

[CreditCrisis]

Just received a letter from HSBC bank that a credit card for $939 will be reported to be deleted!! woo hoo!!

Can anyone tell me how many points this may make my credit go up? thanks!!!

[jjgross]

Originally Posted by CreditCrisis

Just received a letter from HSBC bank that a credit card for $939 will be reported to be deleted!! woo hoo!!

Can anyone tell me how many points this may make my credit go up? thanks!!!

It depends on the rest of your report but it helps.how did you do it?

[CreditCrisis]

Just as advised. I sent all the validation letters and have just been waiting

[chane]

There is no set amount of points a score goes up or down, the scoring algorithms don't work like that. There are so many other factors that make up your score.

[CreditCrisis]

Wow. so i just went over the credit report again. this account that they are deleting shows up 3 different times! the first is the reporting to all 3 bureaus all three show different amounts. the second is the account with a different variance on just equifax and experian and the third is a collection agency that bought the account. so tomorrow i will be sending a copy of the letter i received from HSBC to the collection agency. woo hooo!!!

In total this account showed up on my credit as $3,750. and its only one account for $939!!

[jjgross]

[QUOTE=CreditCrisis;20621]Wow. so i just went over the credit report again. this account that they are deleting shows up 3 different times! the first is the reporting to all 3 bureaus all three show different amounts. the second is the account with a different variance on just equifax and experian and the third is a collection agency that bought the account. so tomorrow i will be sending a copy of the letter i received from HSBC to the collection agency. woo hooo!!!

In total this account showed up on my credit as $3,750. and its only one account for $939!![QUOTE]That's so you'll settled for $939 and then they send you a 10-99 for the balance to report on your income taxes as income another way of punishing you!

[CreditCrisis]

wow. well i already got a note from them saying it shouldnt be on my credit period. so i dont have to worry about that.

[CreditCrisis]

Also, in regards to this account, I figured since they admitted it should not be on my credit would it be safe to go ahead and ask them to delete all 6 inquiries??

[CreditCrisis]

actually i just took a second look at my credit file and pretty much all of the inquiries will be falling off from last month to december. they are all from late 2006. should i just ignore them? also there is one still showing from august of 2006. should i send a letter? or maybe give it somet time to fall off?

[arejay]

Originally Posted by CreditCrisis

Wow. so i just went over the credit report again. this account that they are deleting shows up 3 different times! the first is the reporting to all 3 bureaus all three show different amounts. the second is the account with a different variance on just equifax and experian and the third is a collection agency that bought the account. so tomorrow i will be sending a copy of the letter i received from HSBC to the collection agency. woo hooo!!!

In total this account showed up on my credit as $3,750. and its only one account for $939!!

Im new to this forum and I dont mean to "thread jack", but in regard to "CreditCrisis'" report, he mentioned that the $939 was reported multiple times thus bringing that specific $939 debt to $3750. Can someone explain how that aspect of credit reporting works. Is it a mistake on their part that can be resolved via a dispute letter or?? I ask this because I too have this issue. My one student loan was split and sold, and now the original $9000 loan showes up as $17,500 when totalled. I understand that my case may be a tad different, but my main question still remains. Thanks in advance for any input!