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My Credit Cards and Debt out in the Sun...

tag
Creditaddict
Legendary Contributor

My Credit Cards and Debt out in the Sun...

I shared my INQ list the other day and as promised my list of credit cards and debt has been finalized and I want to share... I am open to all and I hope I can take some positive and negative thoughts about my next steps from you all and I hope I can also share what I feel I have done wrong, What I have done right and what I think about next steps and how I can help any others.  I will also note that I removed myself from about 20-30 AUTH Accounts late last year right before I went on the APP Spree... Many will wonder why I would continue to apply when I have so much debt and so many INQ, but I felt it was better to get them now so they will be much older and able to grow slowly as the other debts start to be paid down. *I will note very quickly I have to leave in about 30 minutes so if you ask a question and I don't get back to you right away I will later this afternonn!*

1.  All 3 of my credit reports show between 65-90 accounts.  The list you are going to see below are only the accounts that are still reporting open/active or some other state but with a balance.

2. I have tried to list out what accounts I own myself, What I'm Joint on, What I'm AU on, and What I don't pay... The balances should be very close to current as of today info:

 

CompanyDate OpenedDays OpenCredit LineBalanceInterest Rate
USBank - Joint Closed - Locked in at 4.9% for 48/m at $424/m - 45 to go11/1/20052251$22,500.00$17,380.534.90%
Chase - Joint Closed - Paying $300/m - it's a Signature Card and High Bal is $15,900. so actually that util is wrong.5/1/20052431$13,900.00$12,603.7611.90%
Navy Fed. Auto Refi - Joint - 36 months at $295/m - 35 to go - this replaced my 17% Santander Loan!!11/1/201191$10,060.00$10,060.003.52%
Navy Fed. Credit Card - Auth. - I don't use or pay11/1/201191$25,000.00$2,775.007.90%
Dillards Amex - Joint - CLD 2 months ago from $3500 - dont use1/1/20081471$2,350.00$2,291.7621.99%
Macy's Amex - Joint - Was $12k CL then payment plan, then $0 and closed and then they re-opened at $500 and CLI to $2k at 6 months, will probalby pay off in next 3 months or so because it's up for CLI then.4/1/20081381$2,000$1,950.0024.50%
Toyota Visa - Joint - I don't pay1/1/2010751$1,300.00$1,160.9415.99%
Barclay Apple - 0% currently11/1/201191$1,300.00$1,118.4222.9% in July
CareCredit - Friends Account - I pay $100/m but it's not on my CR - to be PIF before 0% is up - he opened for me when my tiny dog bill went to $2600 about 8 months ago for hospital stay. she is good now!6/1/2011241$5,000.00$1,100.000.00%
US DEP ED - Student Loan - I pay $5010/1/2009841$1,180.00$891.006.50%
GECRB/PayPal MC - My Daily Card - PIF11/1/201191$2,000.00$857.0823.99%
Von Maur - No fees or interest ever, it auto bills minimum which is 20% of bal. not in util.4/1/2010661Charge$321.000.00%
GECRB/Lowes12/1/201161$500.00$271.3324.99%
Bloomingdales Store - Joint - PIF this month4/1/20004261$6,800.00$234.0024.50%
GEMB/Walmart11/1/201191$800.00$140.3622.90%
Macy's Store - 6 showing!! - **info below**4/1/20081381$10,700.00$0.0024.50%
Macy's Furniture Line1/1/2010751$5,800.00$0.000.00%
Macy's Furniture Line8/1/20081261$3,600.00$0.000.00%
HSBC/Best Buy Store - Auth.1/1/20033271$2,900.00$00.00%
HSBC/Saks - Joint11/1/20071531$2,500.00$0.000.00%
Credit First - Firestone4/1/20081381$1,500.00$0.000.00%
Target - $300-$800/m and PIF multiple times a month... Recent surprise CLI by $500.8/1/20081261$1,500.00$0.0022.90%
WFCB/Venue2/1/20091081$1,500$0.000.00%
Kay Jewelers4/1/2010661$1,000.00$0.000.00%
GE/American Eagle - Auth.1/1/20023631$900$0.000.00%
GE/Abercrombie - Auth.2/1/20004321$750.00$0.000.00%
GECRB/Chevron1/1/201231$650.00$0.0026.99%
HSBC/Best Buy Gold MC7/1/2010571$305.00$0.0023.99%
Target6/1/19994561$300.00$0.0022.90%
Target3/1/20091051$300.00$0.0022.90%
Capital One12/1/201161$300.00$0.0017.99%
Target8/1/2009901$200.00$0.0022.90%
GECRB/Gap - Auth. - As you can see CLD to $124 for non use.1/1/20023631$124.00$0.000.00%
 Total Days46143   
Final Line InformationTotal Years126.4191781$129,519.00$53,155.1811.83%
 Av Year3.8309   

 

 

****I currently owe nothing to any Macy's Store or 0% Club Accounts including Furniture but wanted to note my credit report shows 9 accounts for these type of accounts, all $0 though.

 

Additional info:

I filed Ch 7 BK in 2001 - it's off reports

I filed CH 13 BK in 2007, Dismissed in 2010

I have 1 PD Cap 1 Charge-off

I have 1 PD Santander Car Loan Charge-off

No Collections, No Judgements

 

Thank You all for your time.

Message 1 of 28
27 REPLIES 27
smc733
Valued Contributor

Re: My Credit Cards and Debt out in the Sun...

So... is the goal here to pay down all these balances and get out of this debt without BK.  I think you have a nice setup to do it, and I wish you the best of luck!

 

I would cut down some accounts after all is paid and done, and focus on keeping 3 good favorite cards in use.

BofA Cash Rewards VS - $25k | Citi Double Cash World MC - $18.9k | Amex BCE - $50k | Discover it - $50k | Chase Freedom Unlimited VS- $10k | Barclay Ring $5k |
Message 2 of 28
LilloEsquilo
Contributor

Re: My Credit Cards and Debt out in the Sun...

Wow. I don't know whether to be impressed you got all that credit, or to cringe at looking at the balances on it. I think if I had that burden over my neck, I couldn't sleep at night, I can't stand letting a 20 dollar balance go 3 days without paying it.

 

Thanks for sharing that, that takes courage.

FICOS 2/2012 EQ: 763 TU: 761 EX: 746 (1/2012 EX)
Cards: Associated Bank Visa 9000, Paypal Mastercard 3000, Amazon Store card 1100, Barclays Apple Financing 2500, Cap One Rewards Mastercard 3000
Message 3 of 28
Creditaddict
Legendary Contributor

Re: My Credit Cards and Debt out in the Sun...


@smc733 wrote:

So... is the goal here to pay down all these balances and get out of this debt without BK.  I think you have a nice setup to do it, and I wish you the best of luck!

 

I would cut down some accounts after all is paid and done, and focus on keeping 3 good favorite cards in use.


Yes, NO BK!!! I really kick myself constantly about filing the 13... I was concerned about the mortgages from a somewhat scam I got myself into and the company went BK and I had just started my own company and of course you "Hope" that when you open a company it will be successful so I didn't want any mortgage company to be able to come after my assets later so i did the 13, at time I was 1 year off from being able to 7 again.  Learned big from this one.

 

and I also agree about 3 or so cards... If I don't head in this new career path im currently researching we would be best served with Amex Blue Preferred 6% Grocery and Citi Foward for eating out and Target for the 5% and 10% wine.

Message 4 of 28
LilloEsquilo
Contributor

Re: My Credit Cards and Debt out in the Sun...

How did you get this info in this format?

FICOS 2/2012 EQ: 763 TU: 761 EX: 746 (1/2012 EX)
Cards: Associated Bank Visa 9000, Paypal Mastercard 3000, Amazon Store card 1100, Barclays Apple Financing 2500, Cap One Rewards Mastercard 3000
Message 5 of 28
Creditaddict
Legendary Contributor

Re: My Credit Cards and Debt out in the Sun...


@LilloEsquilo wrote:

How did you get this info in this format?


I did it in Excel and then copied the part I wanted to post (I left out payment info and due dates etc.) I copied and then pasted in a Word Document... I was actually surprised that all cells and rows did not move or change when I made the Word file or when I pasted here... MyFico did give me that red warning we changed blah... but I looked over again and it was still fine and submitted with okaying the error change.

Message 6 of 28
Walt_K
Senior Contributor

Re: My Credit Cards and Debt out in the Sun...

Three years ago I was $35K in CC debt and $10K behind on my mortgage.  It was a long road out, but it can be done.  Best of luck to you.


Starting Score: ~500 (12/01/2008)
Current Score: EQ 681 (04/05/13); TU 98 728 (01/06/12), TU 08? 760 (provided by Barclay 1/2/14), TU 04 728 (lender pull 01/12/12); EX 742 (lender pull 01/12/12)
Goal Score: 720


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Message 7 of 28
drkaje
Senior Contributor

Re: My Credit Cards and Debt out in the Sun...

I can barely keep track of 7 cards, LOL!


Starting Score: 675
Current Score: EX 753 FICO, EQ 737FICO, TU 738
Goal Score: 776 FICO


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Message 8 of 28
visorboy1974
Valued Contributor

Re: My Credit Cards and Debt out in the Sun...

That's a lot of debt...best of luck to you in paying it off.  

FICO Scores Updated 07/15 EQ08 748 EX08 748 TU08 818
Message 9 of 28
LTomBerry
Frequent Contributor

Re: My Credit Cards and Debt out in the Sun...

I'm curious how you talked Macy's into opening back up your closed AmEx.


Starting Score: 690
Current Score: EQ 780 EX 814 TU 783
Goal Score: 800

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Message 10 of 28
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