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Member
McMluvjz23
Posts: 12
Registered: ‎05-13-2008

Help Credit Score is 352! What to do?

[ Edited ]

Long time follower, fourth time post

Hello Fico Family,

I can not imagine where to began explaining my credit situation. I have currently 9 negative accounts on my CR. Im sad to say that as of 10/22/2011 my CS is at a all time low of 352. My goal is to get a condo and get my score back to 750 before I had my son.

Please Fico members tell me where to began to rebuild my credit.

Capital one-$1,014 charge off
Comcast-$98 collections
Paypal-$452 closed
Lvnv funding (it's also says paypal) $452 collections
Macys-$504 charge off
Golden1-$996 charge off
Us dept education-$786 collections
Wells Fargo (student loan)-$937 filed claim w/govt.
Student loan -paid,closed.


please help!

Thank you,
Monica

Valued Contributor
rckstrscott
Posts: 2,659
Registered: ‎04-25-2011

Re: Help Credit Score is 352! What to do?

Monica

 

Where did you purchase this score from?? Because FICO starts at 350, and I have never seen anyone that low in my life.. and judging by your listings, you are on par with alot of people here when they start..

 

There are many. many places you can buy your credit score, but most of them are not real FICO scores..

 

-scott

Starting FICO Score: 10/10: TU 498 | EQ: 502 Current FICO Score(lender pull): 05/12: TU: 722 | EQ: 712 | EX: 686
Collections Removed: Hunter Warfield, CBE Group, Merchants Credit Guide, EOS-CCA, Enhanced Recovery, Portfolio Recovery, UCB, American Collection Company, Medical Business Bureau, Jefferson Capital, Credit Portfolio Associates, FCO, LVNV, Convergent, Armor Systems
Other Negative Entries Removed:Plains Commerce CO, HSBC CO, 2008 Judgment Santander Reposession

Still Working On: Illinois Paid Tax Lien,
Positive Accounts:10/10: 0 | 07/12: 6 | Mortgage Closed 5/12, Macy's AMEX $3900, Citi/Home Depot $2000, Capital One Cash Rewards $1500, Capital One Secured $500, Credit One Bank $500. Total Utilization: 6%. AAoA: 1yr, 7mth. INQS: 8 TU, 8 EQ, 4 EX
Member
McMluvjz23
Posts: 12
Registered: ‎05-13-2008

Re: Help Credit Score is 352! What to do?

That's exactly what I was thinking. Doesn't the score start at 350 that's why I was so devastated.  I actually received the score after trying to get Sprint phone carrier then was asked for a $400 deposit. Then after,  they sent me a letter saying my CS was at 352.  

Frequent Contributor
Lois5669
Posts: 342
Registered: ‎02-10-2012

Re: Help Credit Score is 352! What to do?

Do you have any open and current tradelines?

 

I'd at least buy one of the reports and scores from myFICO ( EQ or TU)


Starting Score: EQ = 550; TU = 491(2/10/12)
Current Score: EQ = 669; TU = 674(6/20/14)
Goal Score: 700+


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Valued Contributor
rckstrscott
Posts: 2,659
Registered: ‎04-25-2011

Re: Help Credit Score is 352! What to do?


McMluvjz23 wrote:

That's exactly what I was thinking. Doesn't the score start at 350 that's why I was so devastated.  I actually received the score after trying to get Sprint phone carrier then was asked for a $400 deposit. Then after,  they sent me a letter saying my CS was at 352.  


Yeah-- I am not so sure that is accurate.. First off, there are 3 scores.. so, they all are probably different..

 

you buy your Fico score from here, for both Transunion and Equifiax.. I would suggest buying one of them right away to see what you are really dealing with, because FICO scores are what almost all lenders use for mortgage, car loans, ect ect.. Its a little pricey at 19.95 but it would be a solid starting investment..

 

-scott

Starting FICO Score: 10/10: TU 498 | EQ: 502 Current FICO Score(lender pull): 05/12: TU: 722 | EQ: 712 | EX: 686
Collections Removed: Hunter Warfield, CBE Group, Merchants Credit Guide, EOS-CCA, Enhanced Recovery, Portfolio Recovery, UCB, American Collection Company, Medical Business Bureau, Jefferson Capital, Credit Portfolio Associates, FCO, LVNV, Convergent, Armor Systems
Other Negative Entries Removed:Plains Commerce CO, HSBC CO, 2008 Judgment Santander Reposession

Still Working On: Illinois Paid Tax Lien,
Positive Accounts:10/10: 0 | 07/12: 6 | Mortgage Closed 5/12, Macy's AMEX $3900, Citi/Home Depot $2000, Capital One Cash Rewards $1500, Capital One Secured $500, Credit One Bank $500. Total Utilization: 6%. AAoA: 1yr, 7mth. INQS: 8 TU, 8 EQ, 4 EX
Member
McMluvjz23
Posts: 12
Registered: ‎05-13-2008

Re: Help Credit Score is 352! What to do?

Scott,

 

Thank you so much for your help but I will definitely take your advice and purchase the Fico score. The only problem is not having a debit or credit card. So once I figure that problem out then I will delete this tomorrow and repost with the accurate scores. 

 

thanks again scott! ")

Valued Contributor
rckstrscott
Posts: 2,659
Registered: ‎04-25-2011

Re: Help Credit Score is 352! What to do?

I had no open active tradelines, a Repo, 17 collection accounts, a tax lien and a judgment and mine was 498 when I started haha

 

-scott

Starting FICO Score: 10/10: TU 498 | EQ: 502 Current FICO Score(lender pull): 05/12: TU: 722 | EQ: 712 | EX: 686
Collections Removed: Hunter Warfield, CBE Group, Merchants Credit Guide, EOS-CCA, Enhanced Recovery, Portfolio Recovery, UCB, American Collection Company, Medical Business Bureau, Jefferson Capital, Credit Portfolio Associates, FCO, LVNV, Convergent, Armor Systems
Other Negative Entries Removed:Plains Commerce CO, HSBC CO, 2008 Judgment Santander Reposession

Still Working On: Illinois Paid Tax Lien,
Positive Accounts:10/10: 0 | 07/12: 6 | Mortgage Closed 5/12, Macy's AMEX $3900, Citi/Home Depot $2000, Capital One Cash Rewards $1500, Capital One Secured $500, Credit One Bank $500. Total Utilization: 6%. AAoA: 1yr, 7mth. INQS: 8 TU, 8 EQ, 4 EX
Member
McMluvjz23
Posts: 12
Registered: ‎05-13-2008

Re: Help Credit Score is 352! What to do?

WHOA! lol

Senior Contributor
Booner72
Posts: 3,889
Registered: ‎05-24-2011

Re: Help Credit Score is 352! What to do?

You can go to Walmart and put cash on a Visa and then you can get your score.  I'd get Scorewatch which is 15 bucks a month so you can see your score changes as you rebuild, also if you need to buy more reports you get a 30% discount.  You can also get a credit monitoring service that allows you to pull your reports so you know what is going on.  However, it sounds like money is tight, so do what you can - at least get started by knowing one of your scores.

 

I had a BK, judgment, 17 collections, a vehicle account listed as included in Bankruptcy and had many lates reporting, and a student loan with 2 90 day lates reporting, and my scores were in the upper 500's.

 

I don't think your score is that low.  But regardless, you need to get to work rebuilding!

 

Good Luck!!!!!!

STARTING: 11/24/10 EQ-584 EXP-648 TU04-595
CLOSED FIRST HOME 8/19/11 EQ-630 EXP-691 TU04-653
CURRENT: EQ-701 EXP-??? TU08-720
Regular Contributor
aot2009
Posts: 174
Registered: ‎02-08-2010

Re: Help Credit Score is 352! What to do?

I'd save all of your money because your score right now is moot. Ultimately you need to not yet worry about your score and just focus on cleaning up your credit first since your score is most likely still too low to worry about.

 

Your primary goal should be to start disputes and PFD 


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