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I have just restarted my rebuilding efforfts. after i pulled my credit report and discoverd 75 percent of my negative items have been deleted because its bascially been 6 to 8 years old on most of them.
So i applied and was approved for a credit one bank visa. 1/2012. they gave me 300 and since has raised me to 500.
so little has changed my score still lingered aroung 585-600. So i applied and received an auto loan WITH EXETER finance.....15% interest., But i really needed a new car and i could afford the payments.......
so last month since im scared to apply for anything i decided to try a few secured credit cards...BANK OF AMERICA i did 1,000.00
and First Progess credit card i DID another 1,000.00 and capital one offered me a secured so i did 500.000
SInce these card hit my report myFICO is currently 617.
what do i do now...I have too many inquires (over 20) MOST are close to two years old..and will fall off...HOW DO I PROCEED...how long do i garden these cards...and whats the next best move...LONG term id love to buy a house....I have 4 baddies on my report....2 are not mine my identity has been compromised while i wasnt checking my credit and the other two are ALMOST 7 years old....U guys help me out.
I think you're looking at a good 6 month garden sentence. Your CLs are pretty good for a rebuilder so I think 6 mos. to a year of good history will do wonders for your score.
I suggest a trip to the garden for six months, wait for some inquiries to fall off, and then focus to thicken up the credit profile with any better card offers.
Isn't there a "alert" or something that can be placed by the CRA's that like require verification or sometime. I know I have read of others having it on theirs. I would see about getting them flagged so if the thief tries to do something it will flag and should potientally stop the criminal.