I just started the cleanup process and want some advice on what to do with CCs that have high balance > credit limit due to CLDs.
None are due to fall off my CR and I'd like to by a house in late 2013/early 2014 (sooner if possible!). I currently have 7-8K credit available with 0 balances (since I'm no longer 20 and irresponsible), so I'm rehabilitated but would like my CR to reflect it...
All CCs are closed with 0 balances. I'm afraid to GW because all were closed due to seriously late payments.
Note "DOLA" is actually the last date listed in the "24 month payment history" section:
WFNNB/Victorias Secret (closed by OC but status in all CRAs is "Open")
High Balance: $354
Limit: $270
(Original CL $400)
DOLA: December 2009
Past due 30 days twice (once in 2008 and once in 2009)
BofA (closed by me when they wanted to start charging an AF)
High Balance: $2460
Limit: $500
(Original CL $2500)
DOLA: May 2011
Was past due 60 days (before 2010 because it's not listed in 24 month payment history)
2 Navy Fed CCs (both closed by OC but reported as closed by consumer -- so kind!)
High Balance: $1974 & $2681
Limit: $1700 and $2K, respectively
(No CLDs on these; I was able to go over my CL for some reason)
DOLA: May 2012 (but actually closed in 2005)
Status says No late payments, "Paid as Agreed" (it's a lie but another nicety from Navy Fed)
This one I'm an AU and can't do much, but I'm wondering what the effect is on my CS:
Chase (closed by consumer but reported in CR as "Open")
High Balance $14970
Limit $15K
DOLA February 2009
No late payments, "Paying as Agreed"
Thanks in advance for any insight or advice!
Starting Score: EQ FICO 588 EX FICO 587 TU FICO 588
sorry -- I meant the CCs that I listed are closed. The 7-8K credit is credit in good standing that I can actually use
Thanks for the reply; I will try with WFNNB and BofA.
But I wonder if I should bother with the 2 Navy Fed CCs since they look like they were in good standing, or GW because the high balances are greater than the CLs.
Or does having gone over the limit even matter FICO-wise or to mortgage lenders?
