Reply
Contributor
Posts: 82
Registered: ‎12-09-2013
0

Fixing my credit, AU on USBANK card and Wells Fargo card.

So I am fixing my credit, got added to my girlfriends USbank card as a AU and it's reporting fine. I also got added to my buddies Wells Fargo account. He called and all they wanted was my name and address, not my social. Will I see this on my CR soon?

 

Also, my street bike is financed in his name... I have made the payments on time for over a year, is there a way to be added to that?  I want to put it in my name but I have yet to get my scores over 600 yet, they are all around 580 now. Balance on that loan is only like $2500 now as I have been paying 4-500 a month on it.

$15,400 - $1400 Just Unsecured- $10500 - $2300
123 Rewards AU $1500 - BofA AU $2300 - Discover It AU $7200 - Discover It AU $8000
~505 EQ in Jan of 13, now at EQ 690 / TU 674 / EX 681 according to myFICO.com.
Moderator
Posts: 27,207
Registered: ‎09-13-2012
0

Re: Fixing my credit, AU on USBANK card and Wells Fargo card.

Welcome to the forum!  besides the TLs that you are an AU on - do you have any credit? Are you repairing yours while rebuilding? 

AUs are discounted by a lot of lenders so it's imperative that you obtain your own credit and repair the baddies.  

 

The CRAs may or not pick up on the WF cc because the match criteria ( surname, address and SSN) are not present.  However, they might be able to match with your name.

 

Since the bike is secured, usually you will either need to refi the koan or qualify as a co applicant.

Contributor
Posts: 180
Registered: ‎08-18-2012
0

Re: Fixing my credit, AU on USBANK card and Wells Fargo card.

Don't know what your credit reports look like, but if not all bad and you have income, then try to apply for secured credit card at your local credit union, this is usually always a good starting point.

Contributor
Posts: 82
Registered: ‎12-09-2013
0

Re: Fixing my credit, AU on USBANK card and Wells Fargo card.

Lots of good stuff from 2000-2007 on my CR, including numerous vehicles paid off, credit cards, ect. 3 years ago I let a house to repo (deed in leiu, no balance) and shut off all of my cards and paid everything off. I was a bit upset with the system at the time, I make about 100K a year and have been buying everything with cash. Now I need to fix my credit to put a commercial building in my name (need a 200K loan, not big) by this time next year (currenty owner carry).

 

I have some baddies on my CR I didn't know about since my CR shows a very old address, currently paying them off and trying to get PFDs on them.

 

I don't have a credit card at the moment so I was going to put like 2k on a secured CC with USBANK and another 2K on a business fuel card (Texico/Chevron).

 

My current score is ~580 with the three CRAs.

$15,400 - $1400 Just Unsecured- $10500 - $2300
123 Rewards AU $1500 - BofA AU $2300 - Discover It AU $7200 - Discover It AU $8000
~505 EQ in Jan of 13, now at EQ 690 / TU 674 / EX 681 according to myFICO.com.
Contributor
Posts: 82
Registered: ‎12-09-2013
0

Re: Fixing my credit, AU on USBANK card and Wells Fargo card.

FYI, my current baddies:

 

Cavalry Portfolio for $1224, going to pay this off in the next week or so.

Credit Collection Service for $74, already paid, some insurance bill I never got (promised to delete)

Midland Credit Managment $2952, working on this one last, I understand they are a bear to deal with.

Convergent Outsourcing $276, just showed up a few days ago. Was a Paypal credit line that Paypal wouldn't accept payment for and I never got bills for. Paypal is retarded. Paid on it forever without issue and then they changed their website and I could no longer access to pay. Going to PFD in the next day or two.

 

I plan on buying a new truck this week too for 27K with 7K down (KBB 35K) but it will probably end ub in my buddies name till I can get my score up.

 

 

Oh, and no CU here anymore. They closed Smiley Sad, so did the savings and loan Smiley Sad. I am stuck with banks now. I do have a CU in Phoenix (UHaul Federal CU) but they are difficult to deal with since they have no local branch.

$15,400 - $1400 Just Unsecured- $10500 - $2300
123 Rewards AU $1500 - BofA AU $2300 - Discover It AU $7200 - Discover It AU $8000
~505 EQ in Jan of 13, now at EQ 690 / TU 674 / EX 681 according to myFICO.com.
Moderator
Posts: 27,207
Registered: ‎09-13-2012
0

Re: Fixing my credit, AU on USBANK card and Wells Fargo card.

Until you have some positive TLs reporting your scores are going to be stagnant.  You are doing the right thing with the baddies but you need a few TLs in your name not just as an AU.  With the baddies reporting AUs are not helping your score.  

Add a few secured cc's -talk to your bank, local cu etc.  

 

Unless you have to buy that truck now, it would be a good idea to finance it in your name after your CR's update.  Some if not all of your old closed accounts may be falling off soon and that will hurt your score. 

Contributor
Posts: 82
Registered: ‎12-09-2013
0

Re: Fixing my credit, AU on USBANK card and Wells Fargo card.

What would help more? A single secured CC with 2K on it or two cards with 1K each? Can you add funds after opening accounts or is it set to your initial deposit?

$15,400 - $1400 Just Unsecured- $10500 - $2300
123 Rewards AU $1500 - BofA AU $2300 - Discover It AU $7200 - Discover It AU $8000
~505 EQ in Jan of 13, now at EQ 690 / TU 674 / EX 681 according to myFICO.com.
Moderator
Posts: 27,207
Registered: ‎09-13-2012
0

Re: Fixing my credit, AU on USBANK card and Wells Fargo card.


thatguy1 wrote:

What would help more? A single secured CC with 2K on it or two cards with 1K each? Can you add funds after opening accounts or is it set to your initial deposit?


It would depend on the issuer if you can add to your deposit.  Two is better than one

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.
† Credit cards for FICO Score ranges: The score ranges are guidelines based on actual applicant approvals and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

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.