I feel trapped here. I paid down a CC from a $5K balance to $300 and got one collection account removed....and my FICO dropped 6 points from 558 to 552 on experian. I also got added as an authorized user on another account that I know is in good standing with a $1500 balance on a $30K CC...with no lates. I have 65 lates on my record mostly on student loans. I need to get above 600 to qualify for a loan but it seems like I'm spinning my wheels. I can't qualify for the loan if I can't get caught up, but I can't get caught up if I can't get a loan either!!! Anyone have any luck with GW's on AES student loans? I'm ready to throw in the towel and just give up.
all of those late pays are killing you.......check out the student loan thread....someone there might be able to help you. All I know is to send GW letters to them.
As to paying down on your CC and being added as an AU will only help!