I had a jc penny credit card that i believe is through GE money bank for a suit i bought for a wedding that was about $150. I paid on time for 7 months then fell into finacial trouble even though it was such a small debt. When i found out it was reported 90 days i started paying monthy again but the late charges had brought it up from 30 dollars to 300+. its now down to $141. I have an auto loan, other credit card and never missed a payment on anything but because i have little credit history this is crushing my score im 26 and trying to build credit to buy a home. Do you think a PFD will work for me? Has anyone worked with GE before? If i can get this removed my score would jump atleast 100 points. I dont even know where to start. I dont know where to start.. would a goodwill letter be better? any advice would help thank you!
I would work first on paying the account off After that is done you can try the goodwill letters.
GE Money bank is an awesome company to be on good terms with during rebuilding, I would recomend paying them and GW letters to re-establish your relationship. Perphaps calling and setup a payment program.
Some GE cards/benefits include CLI's ever 4 months
Walmart free TU fico monthly if you go paperless $40 in cash availbile with a purchase like a debt card and no cash advance fees.
Amazon 0% interest for 6 months if you purchase over $150.
If you shop at either place I recomend the cards.
Yea thanks for the advice. The money isnt an issue i have a very good and stable job now. I can easily pay off the 141 i owe. Its just iv read to not pay it off if you want to do a pfd because you lose your leverage and there is no garuntee they will accept the goodwill.