i had a begining my fico score of 608 on 8/11/13. I am at 623 now a month later. Just looking for an opinion on what possible impact I can expect on my score over the next few months. I currently have 7 accounts in collections, 5 of which will fall of in the next six months and the other 2 i am negotiating PFD with. So within 6 mos all negative should be gone. I have a 7 year credit history, no credit cards, and 4 personal loans that range in term from 9 months to 12 months. I would like to get an unsecured credit card within the next month so i have some revolving credit.
I guess my question is anyone have a similar situation and know what I can expect? i am fairly new to score monitoring. I am looking to finance a new car as soon as the collections(medical) are gone if this is even possible. But with not stellar reportable monthly income at about $1750 per month gross I am a bit worried if my score isn't up it just won't happen. My husband's income is $2860 gross per month but he has zero credit and I doubt he would agree to sign with me for his income to count because he likes not to owe for any "credit" related things. Which is why he has nothing on his report now.
