Reply
Regular Contributor
audia4
Posts: 591
Registered: ‎11-08-2012
0

What is my next step to rebuild my once A+ credit?

First I'll start with a little history. Me and my now ex husband had A+ credit. Several houses, rental property, land, car loans ($30,000+ loans x2), HIGH credit card amounts, $20,000+ unsecured loans...you get the idea. Well, things happen and I divorced my husband after 20+ years. He didn't want the divorce and vowed to make my life a living H3ll...and he did. He was ordered to pay 1/2 the bills (which is specified in the divorce court papers) and I was to pay the other. I sold the property and paid everything off and cut up all of the credit cards. He did not. It continued to hurt my credit. I had scores as low as 500 at one point.

 

When I started working on my credit several years ago I found a WONDERFUL site on how to dispute and repair you credit on your own. All I have to say is it worked like a dream on A LOT of things. They were removed.

 

So now to bring you up to date. 

 

I pulled my scores this past April and this is what they reported: TU=719  EQ=743 EX=780. I was so happy that all of my hard work has been paying off. However, I pulled my EQ today from this site and it says 710??? I'm not sure what is going on.

 

What I currently have now is showing a PIF never late mortgage. An OLD cc that was opened in 1985 (JCP) that is PIF, closed, never late but stills reports for some reason???, my Nursing student loans (not paying on yet, I'm still in school) with a balance of $11,000+, and a cc I just got back in April with Orchard Bank (since I read up on it and said it was a good one to get for people with credit issues and approve everyone) with a limit of $300 and unsecured. <---I charge on this every month faithfully and pay it off weeks before it's due in full.

 

The ONLY negative thing on my account is a judgement on me (which was filed w/o my knowledge and I didn't find out about it for a couple of years) for around $3,400. It is due to fall off in June of next year.

 

What is my next step? Should I apply for another cc? If so, which one's are good or a "for sure" deal with my score that would give me one unsecured? What kind of limits should I be looking for? I will only be using them to build my credit and paying them off in full every single month. My bank said they would give me a small $1,000 loan next year when the judgement falls off...just to help me establish more credit.

 

Any ideas what I should do at this point? Is it too soon to apply for another card since it has only been 7 months since I got my last? Should I call my cc (which is Orchard, but they have been sold off to Capital One now) and see if they will raise the limit?

 

Thanks in advance for your help. :smileyhappy:
 

TU: 804 EQ: 810 EX 785


***$7500*** **$10,000*** **$9000**** ***$10250*** **$10,000*** ***$4500*** ***$6000*** ***$8000*** ***open*******open***



Valued Contributor
Dustink
Posts: 2,980
Registered: ‎10-02-2012
0

Re: What is my next step to rebuild my once A+ credit?

Who do you bank with?

Too many INQs & low AAoA so I'm off to tend the Garden.     Age:21    


     $14k          $8.5K          $7.5k          $7.5k         $6.5k             $6k             $5k            $5k             $5k              $5k           NPSL       @ 0%
Regular Contributor
deg757
Posts: 118
Registered: ‎08-13-2012
0

Re: What is my next step to rebuild my once A+ credit?

My credit is way worse than yours and I just got approved for a Walmart card ($600) and a My Discover card ($1,500). I don't have any judgements but I have a chargeoff (PIF) from about 2 years ago.

Starting scores 2/27/12 TU 605 EX 576 EQ 560
Current scores lender pull 9/6/12 TU 663 EX 629 EQ 645
Closed on our first home 10/26/2012!
Regular Contributor
audia4
Posts: 591
Registered: ‎11-08-2012
0

Re: What is my next step to rebuild my once A+ credit?

I have banked with the Credit Union for about 10 years now.

 

I'm just concerned about the judgement and getting another card. I would think that a judgement against you is way worse than anything else (I believe I was told it's in the same category as a bankruptcy).

 

I did have charge offs, but they have all fallen off now.

 

I use to have a Discover card over 10 years ago and during me and my ex's split/divorce, he did not pay on it. They ended up putting a judgement against my house, which I sold my house within a few months and paid it off in full. That satisfied the bill with them (it was not a write-off) and they reported PIF. It is now off my credit. Would they be able to see this or have records of this and deny me a card because of my previous history with them?

 

Where do you apply for a Walmart card at? I didn't even realize they had a card. :smileytongue:  Can it be done online and do you know instantly if you get the card?

TU: 804 EQ: 810 EX 785


***$7500*** **$10,000*** **$9000**** ***$10250*** **$10,000*** ***$4500*** ***$6000*** ***$8000*** ***open*******open***



Regular Contributor
deg757
Posts: 118
Registered: ‎08-13-2012
0

Re: What is my next step to rebuild my once A+ credit?

I don't know the answers to your questions about discover but the Walmart card can be apped on their website and I found out instantly.
Starting scores 2/27/12 TU 605 EX 576 EQ 560
Current scores lender pull 9/6/12 TU 663 EX 629 EQ 645
Closed on our first home 10/26/2012!
Regular Contributor
audia4
Posts: 591
Registered: ‎11-08-2012
0

Re: What is my next step to rebuild my once A+ credit?

I have just read several post with people that applied at Walmart online and they were instantly approved (with lower scores than mine) and I just did it and got the "You will receive a decision by mail in the next 7–10 days. Please make a note of your application's reference number" answer. :smileysad: Ugh! I'm kind of bummed about this. I remember those "dreaded doomed" letters of denial arriving in the mail.

 

I don't suppose there is a number to call to check on the status by phone is there? I wonder why some get an instant answer and others don't.

TU: 804 EQ: 810 EX 785


***$7500*** **$10,000*** **$9000**** ***$10250*** **$10,000*** ***$4500*** ***$6000*** ***$8000*** ***open*******open***



Valued Contributor
Dustink
Posts: 2,980
Registered: ‎10-02-2012
0

Re: What is my next step to rebuild my once A+ credit?


audia4 wrote:

I have banked with the Credit Union for about 10 years now.

 

I'm just concerned about the judgement and getting another card. I would think that a judgement against you is way worse than anything else (I believe I was told it's in the same category as a bankruptcy).

 

I did have charge offs, but they have all fallen off now.

 

I use to have a Discover card over 10 years ago and during me and my ex's split/divorce, he did not pay on it. They ended up putting a judgement against my house, which I sold my house within a few months and paid it off in full. That satisfied the bill with them (it was not a write-off) and they reported PIF. It is now off my credit. Would they be able to see this or have records of this and deny me a card because of my previous history with them?

 

Where do you apply for a Walmart card at? I didn't even realize they had a card. :smileytongue:  Can it be done online and do you know instantly if you get the card?


Have you checked to see if your credit union could offer you anything?

 

Too many INQs & low AAoA so I'm off to tend the Garden.     Age:21    


     $14k          $8.5K          $7.5k          $7.5k         $6.5k             $6k             $5k            $5k             $5k              $5k           NPSL       @ 0%
Established Contributor
guydiver
Posts: 541
Registered: ‎08-30-2007
0

Re: What is my next step to rebuild my once A+ credit?


audia4 wrote:

First I'll start with a little history. Me and my now ex husband had A+ credit. Several houses, rental property, land, car loans ($30,000+ loans x2), HIGH credit card amounts, $20,000+ unsecured loans...you get the idea. Well, things happen and I divorced my husband after 20+ years. He didn't want the divorce and vowed to make my life a living H3ll...and he did. He was ordered to pay 1/2 the bills (which is specified in the divorce court papers) and I was to pay the other. I sold the property and paid everything off and cut up all of the credit cards. He did not. It continued to hurt my credit. I had scores as low as 500 at one point.

 

When I started working on my credit several years ago I found a WONDERFUL site on how to dispute and repair you credit on your own. All I have to say is it worked like a dream on A LOT of things. They were removed.

 

So now to bring you up to date. 

 

I pulled my scores this past April and this is what they reported: TU=719  EQ=743 EX=780. I was so happy that all of my hard work has been paying off. However, I pulled my EQ today from this site and it says 710??? I'm not sure what is going on.

 

What I currently have now is showing a PIF never late mortgage. An OLD cc that was opened in 1985 (JCP) that is PIF, closed, never late but stills reports for some reason???, my Nursing student loans (not paying on yet, I'm still in school) with a balance of $11,000+, and a cc I just got back in April with Orchard Bank (since I read up on it and said it was a good one to get for people with credit issues and approve everyone) with a limit of $300 and unsecured. <---I charge on this every month faithfully and pay it off weeks before it's due in full.

 

The ONLY negative thing on my account is a judgement on me (which was filed w/o my knowledge and I didn't find out about it for a couple of years) for around $3,400. It is due to fall off in June of next year.

 

What is my next step? Should I apply for another cc? If so, which one's are good or a "for sure" deal with my score that would give me one unsecured? What kind of limits should I be looking for? I will only be using them to build my credit and paying them off in full every single month. My bank said they would give me a small $1,000 loan next year when the judgement falls off...just to help me establish more credit.

 

Any ideas what I should do at this point? Is it too soon to apply for another card since it has only been 7 months since I got my last? Should I call my cc (which is Orchard, but they have been sold off to Capital One now) and see if they will raise the limit?

 

Thanks in advance for your help. :smileyhappy:
 


Since you are showing all three of your scores, they have to be FAKO scores, or to be more accurate, "Educational Scores".  They are sold by the credit bureaus to keep from having to pay Fair Isaac for the Fico score. The EQ score you pulled from this site is a true FICO score, and most likely the same exact score your lender would pull, excluding any variations for credit card, auto, etc....  This site also sells a TU Fico, although the '98 version that is older and less likely to be pulled by your lender than more up to date versions, especially for a mortgage.

MyFICO Forums ROCK!! & . Been There, Done That. Never Going Back! Goal>>>> 800,800,800!

Starting Score: 1/05 upper 500's??Current Score: FICO: EQ 730ish, TU ??, EX 740(CS) Goal Score: .....800 IS ON MY BUCKET LIST! EX ,BITE ME! .:smileyvery-happy:
In My Wallet: CU Visa 15K, Sam's Club 10K, Lowe's 10K, Cabela's Siggy Visa 11.5K, Travelocity AMEX 18.4K
:
Take the FICO Fitness Challenge





Moderator
09Lexie
Posts: 25,399
Registered: ‎09-13-2012
0

Re: What is my next step to rebuild my once A+ credit?

Yes, there is a number to call tel:877-294-8770- refer to your reference number.  I am sure they want to perform a routine verification check with you.  I applied a month ago and got the same response.  I am not sure if its because I hadn't applied for credit in awhile but after I answered the questions I was approved and my TU score was lower than yours.

 

Good luck! :smileytongue:

Regular Contributor
audia4
Posts: 591
Registered: ‎11-08-2012
0

Re: What is my next step to rebuild my once A+ credit?


Dustink wrote:

Have you checked to see if your credit union could offer you anything?

 


They will not offer me anything until the judgement falls off.

 

TU: 804 EQ: 810 EX 785


***$7500*** **$10,000*** **$9000**** ***$10250*** **$10,000*** ***$4500*** ***$6000*** ***$8000*** ***open*******open***




myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.

>> About myFICO
FICO Score - The Score that matters
Click to Verify - This site chose VeriSign SSL for secure e-commerce and confidential communications.
Fair Isaac Corporation is a BBB Accredited Financial Service in San Rafael, CA
FOLLOW US Social Media Facebook Twitter Pinterest Google+