Keep up the good work! It's a slow, steady process, but in the end it's so worth it!! Getting the collections removed is a huge bonus.
On your FICO score pages, what is on the "RED" side of your scale? What are the main things holding you down/back?
What’s hurting your FICO® score
The negative factors listed here are reasons why your FICO® score is not higher. You should focus on changing the behavior that caused these negative factors. These factors are listed in order of their impact to your score, the first has the greatest negative impact and the last has the least.
You have a serious delinquency (60 days past due or greater) or a derogatory description on your credit report.
 Very few FICO High Achievers [?], about 1%, have a 60 days late payment or worse listed on their credit report. |
Capital One - Three 60 day lates (On time for past 20 months)
First Premier Bank - Charged off as bad debt (did get the collection removed though)
Wells Fargo Auto - Three 90 day lates (On time for past 15 months)
You've made heavy use of your available revolving credit.
| For FICO High Achievers [?], this ratio is 7%, on average. |
Three credit cards with a total of $1341 owed out of $1600 credit limit. Just started working on paying that down between 5%-9%
You have multiple accounts showing missed payments or derogatory descriptions.
| About 93% of FICO High Achievers [?] have no missed payments at all. But of those who do have a missed payment, it happened nearly 4 years ago, on average. |
You have a short credit history.
| FICO High Achievers [?] opened their oldest account 19 years ago, on average. |
| Most FICO High Achievers [?] have an average age of accounts between 6 and 12 years. |
I guess only time can solve this
Have you tried GW's to wells? When is the First Premier due to drop?
Hello,
Iim new here and I am in the process of trying to fix my credit. I have paid my collection accounts in settlements but at the time I didn't know that i could write letters to have them delete or change the way they report the information before I paid them. My Fico scores are very low TU is 499 and Equ is 473. I have 2 Visa, 1 mastercard and a Macy's credit card. they are at the max but the limits are super low, 300, 450, 600 and 1700. I know that I have to get the balances low and pay on time which I have been doing but my score won't go up.
Starting Score: 432Hey has anyone ever had any luck on planetfeedback.com I've seen a couple of posts on here about them but no results. With the goodwill letters do you mail them or email them to the company what has worked for any of you guys? I need some suggestions on how to go about getting my paid charge-Offs off my credit report. Someone please give me some feedback. Thank You.
@creditscore780 wrote:Hello,
Iim new here and I am in the process of trying to fix my credit. I have paid my collection accounts in settlements but at the time I didn't know that i could write letters to have them delete or change the way they report the information before I paid them. My Fico scores are very low TU is 499 and Equ is 473. I have 2 Visa, 1 mastercard and a Macy's credit card. they are at the max but the limits are super low, 300, 450, 600 and 1700. I know that I have to get the balances low and pay on time which I have been doing but my score won't go up.
Greetings creditscore780!
Welcome to the forums!!
Many of us were in the boat you're in and it IS possible to get things back on the right track. But...let me just mention that rather than have your questions & such lost within this post, you will have much better luck starting a separate thread here in the rebuilding section. List the companies you have paid collection with. We can help you out in the GW process.
On another note...you have to get those balances down, as your utilization is a BIG factor in your score. The most important lesson I learned in the rebuilding process... it's time to stop thinking of my credit as an extension of my salary! Think of it as a loan to be paid in full on payday, and it does not need to be used every week or month!