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I am proud of my progress but what do I do now?

Valued Member

I am proud of my progress but what do I do now?

Starting in March I decieded to tackle my bad Credit. Experian 534, Equifax 529, and Transunion 541. I have paid 3 collection accounts off which two were PFD, Disputed two collection accounts and got those deleted and  I raised my UTI getting a credit increase on my capital one card to 3000, and opened a Conn's credit account. I am currentely sitting at an average 644 credit score.  I currently have 2 inquiries on my credit and I have 12 late student loan payments from 2years ago or older. All I have is 1 collection account which I am working on negotating for PFD from Credit systems international.  I paid off my car in January and it dropped my score 53 points. What should I do now? My ultimate end game is to get a house in the next year. My debt to income ration sits about 3%. What should be my next move for a credit increase?

Message 1 of 10
9 REPLIES
Community Leader
Super Contributor

Re: I am proud of my progress but what do I do now?


asgor wrote:

Starting in March I decieded to tackle my bad Credit. Experian 534, Equifax 529, and Transunion 541. I have paid 3 collection accounts off which two were PFD, Disputed two collection accounts and got those deleted and  I raised my UTI getting a credit increase on my capital one card to 3000, and opened a Conn's credit account. I am currentely sitting at an average 644 credit score.  I currently have 2 inquiries on my credit and I have 12 late student loan payments from 2years ago or older. All I have is 1 collection account which I am working on negotating for PFD from Credit systems international.  I paid off my car in January and it dropped my score 53 points. What should I do now? My ultimate end game is to get a house in the next year. My debt to income ration sits about 3%. What should be my next move for a credit increase?


Get a small secured personal loan to replace the auto loan, that will get some of those lost points back. Also you should have three revolving accounts.

Most Recent FICO 8 Scores EX601/TU580/EQ589 12/08/2017 Starting scores 553/485/543 08/25//2017
~~~Credit lines~~~~
SDFCU VISA Secured $250
Discover Secured $200
Message 2 of 10
Valued Contributor

Re: I am proud of my progress but what do I do now?

The small loan is a good idea, and what efforts, if any have you tried to make on the late student loan payments?
EX 08 Fico: 729 TU 08 Fico: 735EQ 08 Fico: 740Total Credit Line: $128,600Utilization: 6%Inquiries:EX-6TU-7EQ-5


Message 3 of 10
Valued Member

Re: I am proud of my progress but what do I do now?

Do you have any suggestions to who to go to for a secured loan? 

Message 4 of 10
Valued Member

Re: I am proud of my progress but what do I do now?

I have sent GW letters to my student loan companies and  nothing has worked so far. 

Message 5 of 10
Regular Contributor

Re: I am proud of my progress but what do I do now?

For loan you should look at Alliant. Lots of good posts on here about them.

Keep killing them with kindness on those goodwill letters. Make sure you are doing emails and messages through their secured email server as well. Plus any chance you get to do a survey with them, always add comments about your efforts to have a goodwill adjustment done on your account.
Message 6 of 10
Moderator

Re: I am proud of my progress but what do I do now?


asgor wrote:

Do you have any suggestions to who to go to for a secured loan? 


St Department FCU is a good one

"If there's a lack of money in your life, understand that feeling worried, envious, jealous, disappointed, discouraged, doubtful or fearful about money can never bring more money to you, because those feelings come from a lack of gratitude for the money you have."

"Reactions are powerful creators because they contain every element needed to manifest—they're a combination of thought, belief, and feeling in action. Positive reactions create more positive things, and negative reactions create more negative things. If you can respond to negative situations calmly and lightly, instead of with emotional turbulence, what happens next in your life will be so much better."

- Rhonda Byrne
Message 7 of 10
Established Contributor

Re: I am proud of my progress but what do I do now?


gdale6 wrote:

asgor wrote:

Do you have any suggestions to who to go to for a secured loan? 


St Department FCU is a good one


Agreed.  Also try Lowe,s Walmart and Discover IT (for your tradelines).  Congrats on the progress.

Goal: 700's by 11/1/2015 (all baddies will be gone)



Message 8 of 10
Contributor

Re: I am proud of my progress but what do I do now?

Well everyone has suggested what I was gonna say

Filed BK 8/2015 Discharged 12/2015
QS AU$1300 QS1 AU $1100 QS $1300 QS $600 Spark Business $1500.. DiscoverIt Secured $300..FingerHut FreshStart $130 Graduated $200, Victoria $250 NewYork&Co $250 CFNA $1000
Message 9 of 10
Valued Member

Re: I am proud of my progress but what do I do now?

I got approved for Amazon Store card  (800) today whoo hoo! 

Message 10 of 10