Reply
Member
Posts: 11
Registered: ‎09-01-2012
0

8 point jump and starting GW letters and a student loan mess

I'm thrilled with this months 8 point jump to 572, every little bit helps.  I declared Chapter 13 last year and have finally found the bottom of the pit, got my footing and am crawling out.  In my chapter 13, all the outstanding debt was included in a plan with monthly payments.  Some will be discharged after 5 years of payment s(with the exception of the balance of my student loans-see the last paragraph).

 

For now,   I'll be doing a dance when I get to 600.  I know that not all can be fixed on my credit report-so many negative reports, 3 judgements and a bankruptcy.  But today I started my GW letter writing campaign.  I'll take the babysteps and just keep paying ontime.  I have zero utilization (I've yet to get a secured card, just working on keeping current at the moment).  My letter writing is focused on the low hanging fruit-those items with negative remarks that I'm hoping might get removed.  If I conquer any of those I might move to my student loan mess.  Pre-bankruptcy I was in default, getting garnished.  Now I have a payment in my bankruptcy plan but I have $170,000 in debt and on my credit report every loan with multiple places is listed (every semester, every year).  It is sooooo confusing, Great Lakes, US Department of Education, EBMC, and others (like 40 different negative remarks-all student loans, sometimes multiple as they bounced from collection to collection).  I don't even know how to slay that beast as after my 5 years of bankruptcy payments I'll still have a horrid balance and probably not be caught up.   If anyone has advice or has worked through student loan messes, let me know.  

 

I'm hoping to at some point get to a score of 640 and be able to qualify for an FHA home loan. 


Starting Score: 541
Current Score: 599
Goal Score: 640


Take the FICO Fitness Challenge
Highlighted
Moderator
Posts: 13,897
Registered: ‎04-15-2011
0

Re: 8 point jump and starting GW letters and a student loan mess

Absolutely every little bit helps.  Keep it going and good luck!

Starting Score: 504
July 2013 score:
EQ FICO 819, TU08 778, EX "806 lender pull 07/26/2013
Goal Score: All Scores 760+, Newest goal 800+
Take the myFICO Fitness Challenge

Current scores after adding $81K in CLs and 2 new cars since July 2013
EQ:809 TU 777 EX 790 Now it's just garden time!
Frequent Contributor
Posts: 375
Registered: ‎01-20-2012
0

Re: 8 point jump and starting GW letters and a student loan mess

Congratulations on your 8 point increase.

 

Definitely GW all of the accounts that you can. As for the student loans, that's definitely a problem. While it won't fix everything with your student loans you can try to GW any of the companies who are still reporting student loan information that aren't still servicing your loan(s). No guarantees that it'll work on any of them, but it's worth a try.

 

Good luck!

Current: EQ 673 September2013 / TU 696 September2013 (Walmart)
Start: EQ 584 Feb2012 / TU 629 July2012

Wallet: BofA Cash Rewards Visa Sig $5000 / Lowe's $6000 / JCP $3900 / eBay MC $3200 / Barclaycard Rewards $2000 / Walmart $3300 / CapOne NHRC $2000 / CapOne Platinum #1 $2000 / Amazon $1700 / Discover It $1000 / CapOne Platinum #2 (former Orchard) $750 / Amex Zync $500 Autopay
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.