Does it initally drop after credit activity like that?
We see this quite a bit while cleaning CRs. You will have the rollercoaster effect, up and down. Don't sweat it, the cleaning of your report will allow those scores to rise.
Starting Score: 504
Current Score: EQ FICO 819, TU08 778, EX "Who Knows?" Quizzle 756
Goal Score: All Scores 760+, Newest goal 800+
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These are what I have:
One credit card, almost paid off, 60.00 balance of 300 limit. Never late
One loan, it hasnt reported yet though, it is a secured 500.00 loan from my credit union. Havnt made a payment just yet.
One car payment, never late. going on 7 months.
I have two other accounts that have been paid on time, small loans.
Then I have baddies
3 collections left, 2 are almost 6 years. Those total 700.00 so I am going to need to wait till I have the money and see if I can get them to do something after the first.
1 of the three is from the beginning of the year (CSD COLLECTIONS) but they are ignoring all my PFD letters.
The forclosure that is getting ready to fall off next year.
One charge off that falls off next year, it just got changed to a 0.00 balance a few days ago.
Two house loans that are paid off but one of them has a 60.00 late
One student loan that falls off in two years. It has a 0.00 balance. I can refi and get that removed but currently I am making payments to a bank. Going to refi after the year.
The Child support that is currently up to the attorney generals office and beauro of consumer protection which they are not reporting any payments but reporting 120 days late on EQ only, is still in dispute. Everytime I dispute my credit drops 30 points. I am trying to get them to report my payments and remove the negative remark because it is not late.
Well...I was going to suggest that you apply for a Walmart card. You really do need more good credit reporting to help get your scores up.
The reason your scores could have dropped is because of that maxxed out credit card. $60 reporting is still way too high. That is 20% of your credit line. You need to keep the reporting balance below 9%. You can do that by paying multiple times per month.
What mid-score do you need to have to qualify? What are your current scores?
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