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There are a couple questions I have at this point:
Thank you all so much in advance, any and all advise is greatly appreciated!
ATMPEABAKER wrote:Hello All!I just wrote the hugest post and it went poof! ughhhhh!Well I have been just reading and absorbing alll of this wonderful knowledge and advise!I am in a ridiculous credit nightmare! That my DH and myself did to ourselves! We were at 679 (6/07) since then we have had TWO cc's closed, a judgement/garnishment, and it dropped our score to 507 (11/07) We were denied a loan for our first house... it devestated us.. BUT we did this to ourselves, and we will spend the time, energy, focus and responibillity to fix it and permenatley change. We know it will take time, like a diet, we are hopeful to be able to get back to 600 in six months or so.Our Game Plan:
- I am going to DV everyone!
- Then I'll PFD the ones that validate. (Newest first)
- I am going to dispute with the CA and CRA the one that isnt even me, and there are a couple where the CA is listed as N/A, and a duplication.
- We are going to try to each get a secured BofA cc, and charge and pay RELIGIOUSLY keeping the balances below %10 of limit, paying more than the minimum, and paying ON TIME.
- Our only open credit line is our car loan, we will continue to pay on time and add a bit more than the payment.
There are a couple questions I have at this point:
- On the cc's that were closed, should we pay them to $0 balance, will it change anything for the better? I actually accepted a settlement amount and have paid one of two payments... is it to late to try to PFD?
- We have a fraud alert, why and what is that?
- Do you think I should try to get another line of credit, like furniture or something to pay on to establish the credit better?
Thank you all so much in advance, any and all advise is greatly appreciated!
There are a couple questions I have at this point:
On the cc's that were closed, should we pay them to $0 balance, will it change anything for the better? I actually accepted a settlement amount and have paid one of two payments... is it to late to try to PFD?
You may have tolled the SOL (re-started it) BE VERY CAREFUL with this - but I would still ask for the deletion before making the next payment.
We have a fraud alert, why and what is that?
No Idea - call the bureaus and ask
Do you think I should try to get another line of credit, like furniture or something to pay on to establish the credit better?
Get this stuff under control and maybe even OFF your reports before going for new credit. If you give it a good try and can't get all the baddies off then dilute it with new credit (takes time - usually about 2 years)