09-21-2012 07:21 PM
I thought the inq's fall off after year? The charge off that wasn't included is from University of Phx. I didn't think I could include it in my BK because it was educational, but now I am starting to think maybe I could have. I don't have the $2200 to pay it off now, or even do a settlement. Probably not until tax returns I have never been able to save a dime in my life, I am horrible at it. BUT slowly and surely I am starting to. I opened a checking/savings with NFCU and I have just $25 direct deposited twice a month, so that is my savings for now. I have been with Wells fargo for a year, and they are not my fave bank so I was able to get an account with a local CU today, and they are working on reconsidering my credit card that I apped for 2 weeks ago. The guy was incredibly nice and understanding, he asked me about every single thing on my credit and I told him the situation at the time. He made it very clear that they are not solely about gaining business, but about maintaining member relationships and helping them get back on their feet when everyone else turns them down for credit. I won't have an answer til monday, but worst case scenario, he said they will offer me a shared secured loan to start with. I am totally ok with that, and trust me, DONE apping! I am going to have to get the hang of the "gardening" concept and commit to it for at least 6 months! Our lease is up in 7, and we want a house SO badly!
09-23-2012 12:41 PM
I had the same thing from UoPheonix. You can absolutely include it because it is not a federal student loan. Mine was 10k.
09-24-2012 08:51 AM
09-25-2012 12:12 PM
Everyone is correct. Patience is the key. I was discharged in 2007 and have been slowly re-building. Credit card here and there, maybe every 6 months to a year before trying another one. Multiple applications hurt your credit.
I only have maybe a total of 20K in credit card credit. Keep the balances low!
EQ: 801 EXP: 767 TU: 801
09-25-2012 12:20 PM
When you are ready to pay that CO, you should try to do a pay for delete. If they refuse, you should still pay, but then try to get a goodwill removal after that. If that fails, take comfort in the knowledge that if your goal is to eventually buy a house, the mortgage company will require any and all collections and charge offs to show as paid.
You are at a good start. Keeping saving, using your cards, paying everything on time, garden what you have, and you should see a rise in your scores over the course of the next year or two.
Good luck! (NO MORE APPING!! )
09-25-2012 12:45 PM
Thank you And congrats to the poster with an 801 score! That is awesome after a ch 7 BK! I wish I had known about secured cards and all this rebuilding info right after my bk was discharged, I would be in a much better position to buy a house. That is the plan in 7 months. So I will have to pay off the charge off account regardless? I was told that since I can't put my husband on the loan(complicated) they can only use me and my income, and since it's only like $26000 a year right now(I just started working this year) then it will be difficult to get a decent house with my income. Not that it has anything to do with credit, I got side-tracked.
I called all of the cc companies to find out my statement closing date to make sure that my cards are paid down or off by that date every month. I am going to hang out in the garden as long as possible to get some of those older inq's to fall off. I am completely open to any other suggestions or advice to get the ball rolling! Apparently, this is a very long process...
On a side note, I checked all 3 CR yesterday and in the past month I successfully had 3 judgements removed that were included in my BK but were still reporting. TU told me that they will still report, just as "included in bk" so I disputed them again, and yay, all were deleted and only the BK remains as a public record. I have written to GW letters, my first ever, and I will send them off today. One is to Chase Auto, for a car loan 4 years ago that ended up being totaled and we made a settlement for the balance owing, but they still reported two payments as 30 and 60 day late. Also one other GW for a small medical collection that was paid last month, $70, that they said they wouldn't delete, but I figure a gw letter won't hurt. Wish me luck!
Thanks for all the advice!
Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.† Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
* For complete information, see the terms and conditions on the credit card issuer’s website. Once you click apply for this card, you will be directed to the issuer’s website where you may review the terms and conditions of the card before applying. While myFICO always strives to present the most accurate information, we show a summary to help you choose a product, not the full legal terms - and before applying you should understand the full terms of products as stated by the issuer itself.
IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more
FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.