Finally got FICO Scores... Help please

[Anonymous]

I finally ened up paying for the services here at myfico

my scores as of today:

TU 690

EQ 672

EX 683

All say good payment history, amount of debt, and amount of new credit. 

They say NOT GOOD on length of credit history. 

Average age of accounts= 2 years

Oldest= almost 5 years

1 recent missed payment 10 months ago

2 total accounts showing missed payment of 30 days

total student loans owed- --100,000

total debt owed on accounts- 578... will be paying down to $100

My question is, are these good to apply for certain cards? 

I am looking to get a cc with a decent limit. 

Note: I applied online for BoA visa platinum plus and was denied. I had to put unemployed and $0 for my income because I start my job in early March and recently graduated college. 

Thanks!

[oracles]

What is hurting you Craig are the lates

I would first try to send some goodwill letters and try to get it removed

that late of 10 months is really hurting you a lot especially in today's economic times

If you can not wait, I would try a credit union. Take your report into a CU manager and see if  they can work with you. You can also try for a Nordstrom card and if given the store card, it will be upgraded to a visa after 6months of good behavior.

I would also think about getting a bofa secured card. It will convert to an unsecured card after 9-12 months.

There are some other options like national city because your TU is the highest ad they pull TU but that 10 month old late is hurting your chances a lot.

Hope this helps and keep us updated

[cobra19]

check out some credit unions. Most of the national ones pull EQ.

[Anonymous]

is there a letter template? could i jsut call them or no?

[score_building]

craigh, it is v. unlikely that you will be approved for a good card (or really any card) if you list no income.  unfortunately telling a lender you are unemployed is like telling them you don't want a loan.  i recommend that you do not apply for any cc's until you are comfortable listing the income of the job you will be starting next month or any other income you have.  no income = no cc.

[Anonymous]

Thanks.

I definitely knew I did the wrong this there when I applied. I should have waited. Thanks!

Anyone know a letter template or if I can simply call the company to get the late payment off? I currently don't even oew anything on the account. Thanks

[Anonymous]

total of 3 baddies on my report

1 30 day latein November 2007... paid it off and closed acct

2 30 day lates (10 months ago and one about 2 years ago)

Question is: Should I send a goodwill letter to any of these? What are the chances of getting them dropped (especially the one in 2007 that I closed the account?) or are they still too recent?

Thanks!

[oracles]

Craig

do a search on here with the search terms of " examples gw letters"

Read some and pick the best for you

Also go to the rebuilding credit forum and they will be able to help you and give you more responses.

Also do a search for the credit card company name and success gw

Hope this helps

Edit to add: Your chances are 50/50. You never know until you try.

However it will be 100% no if you dont try

Also yes goodwill them now

Message Edited by oracles on 02-12-2009 03:25 PM