Rebuilding Your Credit

[jordanmedical]

Is this possible?

My baddies:

-90 day late 07/11 on student loans

-1 collection (PFD pending) on my EQ

-high util (82%) and 2 cards reporting maxxed  (over 90%)

-1 First Premier CO over 5 years but settled 6 months ago

- 1 Private SL C/O with seveal lates from late 2011 (0 balance)

- 3 lates from old Walmart acct (closed) all 1 year old, my TU shows 3 lates with last being 12/11, EQ only shows one 30 day from 11/11 and EX shows 3 with last being 01/12

[annielorie]

Yes possible start goodwilling like life depends on it  make several payments and get all but one card reporting zero with one reporting between 3-6% of you Cl for that card. GOOD LUCK

[Jutz]

That entirely depends on if you're willing to pay off all the cards except a small amount on one card.

[NewbieReed]

Good luck! let us know how it goes!

[TheCreditReportChick]

I would start by paying down your credit card utilization to under 9%. That's probably the biggest thing hurting your credit.

[fishbjc]

As an example.....I had removed myself as AU b/c this shell card reports right at the limit every month.  I gained +22.

I gained 0 for having a collection removed.

[fishbjc]

That 90 day late is KILLING you.  It can take about 3 years to recover from that.

Can you goodwill the heck out of that?

[xwill04]

i received a 32+ increase by paying my CC down to 0 that was with one reporting

pay all ur cards to 0 with one reporting a 9% balance im guessing you should get at least 30-50 points off the util alone

[Cadillac-XTS]

Good luck

[jordanmedical]

Thanks for the advice guys.

I'm unable to get the 90 days removed, Nelnet will not budge. Walmart has already removed 1 late and refuse to remove any more. I'm hoping my new Wally account with perfect payment history will outshine the closed one on review.

I will work on paying my balance down. I can get the collection removed but they want to charge me a $10 processing fee for removal, collectors are a bunch of miserable trolls.