Which creditors use Equifax?
Author: creditsucks
Guest
Posted: Wed Jan 28, 2004 3:24 am
Post subject: H E L P! Which one of these retailers uses EQUIFAX only??!!
Hey guys.. I'm a student and I need to buy a new laptop ASAP. I can comfortably afford monthly payments while going to school but unfortunately my tuition ate up most of my cash savings.. I can't afford to lay out the entire amount for the piece of equipment.. My equifax report is the strongest and most accurate of all 4 national bureaus (most people are only aware of trans union, experian and equifax but another one that is lightly used is innovus).. ps - I've never ever checked my innovus report.. hardly anyone uses them and I could give a **** what my file with them contains.. My experian and trans union reports contain an invalid collection account from 1998 that was paid in full with the original service provider but for some reason it was still mistakenly sold to a collection agency.. I'm working on having it removed.. the second negative item is a charged off credit card account from december of 1997.. the account is correct but the balance should show as $0 and it doesnt.. I cleared the balance with the creditor in good faith a few years after the charge off and realizing I really screwed up.. My equifax file doesnt show the collection account (thank god) and it does show the charged off account from 97 but with the proper balance, $0.00. The good news is this account falls off all reports very soon.. the date of the first delinquency was 3/97.. according to the FCRA, the period for which deragotory information can be reported to your consumer credit file is actually 7 years AND 180 days from the DATE of the FIRST delinquency of the deragatory account.. many people believe its 7 years but if you read the FCRA it actually states that there is a 180 day grace period for the creditor before the 7 year time period begins.. kind of sucks.. of course another reason my trans union, experian and most likely innovus reports are weaker than my equifax file is also because the majority of the credit lines I have open now don't waste their time reporting the accounts to anyone but EQUIFAX.. down here in the south, EQUIFAX is used by most local lenders.. of course one of the major exceptions being a mortgage application in which they probe your ***** with a microscope.. however.. my equifax credit file is pretty STRONG.. I've got 3 credit card accounts, a walmart credit card with a $300 limit ($0 current balance), a local credit union visa with a $1800 limit ($1400 current balance), and a capital one mastercard with a $500 limit ($250 current balance). I also have a personal watercraft loan originally written for $5000 ($3600 current balance) from my credit union, a vehicle loan originally lended for $5000 ($3500 current balance) from a local bank I have an account with, and I was just approved for a $21,000 car loan to replace my current vehicle which I am selling to a private party in a few weeks.. My FICO is somewhere around 670, though my new car loan has not hit my consumer files yet since the loan was just written within the past 2 weeks.. I have no late payments or delinquencies or anything of a deragatory nature since my charge off in 1997.. my equifax file is dam near perfect.. ever since my screwup in 1997, I learned my lesson about responsible spending.. I was 18 when that occurred.. foolish and stupid.. I have certainly improved my credit rating over the past 6 years and once that 97 account is deleted once and for all, my score should rocket past 700 without a problem.. I dont believe I have too much credit extended at the moment.. when you take into account my 20k car loan is not yet appearing.. but even if it was, I don't see it as a big deal as long as my previous car loan shows paid when it is reported.. So, I am looking for a creditor that relies on EQUIFAX so I can purchase a notebook.. I applied with apple.com's store for a powerbook but I was declined.. this is simply because are backed by MBNA who I *believe* uses an average of all 3 consumer credit files for all their lending decisions.. and we all know negative information outweighs positive information by 3 times the amount.. so any lender who uses an average of all 3 files would probably still rate me under a credit worthy standard.. I live in north Florida.. for retail cards, my options would be similiar to BEST BUY, OFFICE DEPOT, STAPLES, SEARS, COMPUSA, CIRCUIT CITY.. thats all I can think of offhand.. for online purchases, I could try SONYSTYLE.COM or toshiba's online store, SHOPTOSHIBA.COM ... I believe DELL.COM has financing available as well.. I'm looking for any information that would be useful in determining which one of these retailers offer a credit card or credit line that is backed by a financial institution who relies on the information provided by EQUIFAX. OR if you know of a retailer in florida or any online retailer that sells branded notebooks of which I didn't already mention and they solely use EQUIFAX to determine credit worthyness, please let me know! I really need to buy this notebook for class but I don't want to shoot myself in the foot by racking up inquiries and ruining my chances of approval for a few months until they age.. Thanks so much!
View our latest credit card ratings!
Guest
Posted: Wed Jan 28, 2004 3:24 am
Post subject: H E L P! Which one of these retailers uses EQUIFAX only??!!
Hey guys.. I'm a student and I need to buy a new laptop ASAP. I can comfortably afford monthly payments while going to school but unfortunately my tuition ate up most of my cash savings.. I can't afford to lay out the entire amount for the piece of equipment.. My equifax report is the strongest and most accurate of all 4 national bureaus (most people are only aware of trans union, experian and equifax but another one that is lightly used is innovus).. ps - I've never ever checked my innovus report.. hardly anyone uses them and I could give a **** what my file with them contains.. My experian and trans union reports contain an invalid collection account from 1998 that was paid in full with the original service provider but for some reason it was still mistakenly sold to a collection agency.. I'm working on having it removed.. the second negative item is a charged off credit card account from december of 1997.. the account is correct but the balance should show as $0 and it doesnt.. I cleared the balance with the creditor in good faith a few years after the charge off and realizing I really screwed up.. My equifax file doesnt show the collection account (thank god) and it does show the charged off account from 97 but with the proper balance, $0.00. The good news is this account falls off all reports very soon.. the date of the first delinquency was 3/97.. according to the FCRA, the period for which deragotory information can be reported to your consumer credit file is actually 7 years AND 180 days from the DATE of the FIRST delinquency of the deragatory account.. many people believe its 7 years but if you read the FCRA it actually states that there is a 180 day grace period for the creditor before the 7 year time period begins.. kind of sucks.. of course another reason my trans union, experian and most likely innovus reports are weaker than my equifax file is also because the majority of the credit lines I have open now don't waste their time reporting the accounts to anyone but EQUIFAX.. down here in the south, EQUIFAX is used by most local lenders.. of course one of the major exceptions being a mortgage application in which they probe your ***** with a microscope.. however.. my equifax credit file is pretty STRONG.. I've got 3 credit card accounts, a walmart credit card with a $300 limit ($0 current balance), a local credit union visa with a $1800 limit ($1400 current balance), and a capital one mastercard with a $500 limit ($250 current balance). I also have a personal watercraft loan originally written for $5000 ($3600 current balance) from my credit union, a vehicle loan originally lended for $5000 ($3500 current balance) from a local bank I have an account with, and I was just approved for a $21,000 car loan to replace my current vehicle which I am selling to a private party in a few weeks.. My FICO is somewhere around 670, though my new car loan has not hit my consumer files yet since the loan was just written within the past 2 weeks.. I have no late payments or delinquencies or anything of a deragatory nature since my charge off in 1997.. my equifax file is dam near perfect.. ever since my screwup in 1997, I learned my lesson about responsible spending.. I was 18 when that occurred.. foolish and stupid.. I have certainly improved my credit rating over the past 6 years and once that 97 account is deleted once and for all, my score should rocket past 700 without a problem.. I dont believe I have too much credit extended at the moment.. when you take into account my 20k car loan is not yet appearing.. but even if it was, I don't see it as a big deal as long as my previous car loan shows paid when it is reported.. So, I am looking for a creditor that relies on EQUIFAX so I can purchase a notebook.. I applied with apple.com's store for a powerbook but I was declined.. this is simply because are backed by MBNA who I *believe* uses an average of all 3 consumer credit files for all their lending decisions.. and we all know negative information outweighs positive information by 3 times the amount.. so any lender who uses an average of all 3 files would probably still rate me under a credit worthy standard.. I live in north Florida.. for retail cards, my options would be similiar to BEST BUY, OFFICE DEPOT, STAPLES, SEARS, COMPUSA, CIRCUIT CITY.. thats all I can think of offhand.. for online purchases, I could try SONYSTYLE.COM or toshiba's online store, SHOPTOSHIBA.COM ... I believe DELL.COM has financing available as well.. I'm looking for any information that would be useful in determining which one of these retailers offer a credit card or credit line that is backed by a financial institution who relies on the information provided by EQUIFAX. OR if you know of a retailer in florida or any online retailer that sells branded notebooks of which I didn't already mention and they solely use EQUIFAX to determine credit worthyness, please let me know! I really need to buy this notebook for class but I don't want to shoot myself in the foot by racking up inquiries and ruining my chances of approval for a few months until they age.. Thanks so much!
View our latest credit card ratings!
posted by CardRatings.com at 3:20 PM
1 Comments:
as we all know equifax sucks, Check out this and let people know your complaint - http://www.EquifaxSucks.net
Post a Comment
<< Home