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I really could use some advice

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Anonymous
Not applicable

I really could use some advice

My credit score today is 587!
Depressing.

I have on my credit report:

In collection::::
Cornerstone (medical bill) $1083 - 2012
Dr's Coll. SERV (medical bill) $519 - 2012
Meditcredit (medical bill) $128. - 2012

Closed charge off as bad debt in notes::
Student loan I cosigned for $4741 - 2012

I want to clean my credit up and raise my score before 7 years if possible.

I have one revolving credit card 6 months old from Capitol one secured $200

I keep the balance at 0.

Please please please tell me what you would do to get in the mid 600s????
Message 1 of 29
28 REPLIES 28
mrsjr
Regular Contributor

Re: I really could use some advice


@Anonymous wrote:
My credit score today is 587!
Depressing.

I have on my credit report:

In collection::::
Cornerstone (medical bill) $1083 - 2012
Dr's Coll. SERV (medical bill) $519 - 2012
Meditcredit (medical bill) $128. - 2012

Closed charge off as bad debt in notes::
Student loan I cosigned for $4741 - 2012

I want to clean my credit up and raise my score before 7 years if possible.

I have one revolving credit card 6 months old from Capitol one secured $200

I keep the balance at 0.

Please please please tell me what you would do to get in the mid 600s????

You can see if you can PFD some of those collections.  That would raise your score right there.  I would also check Capital One's prequalification site to see if you're prequalified for any of their other cards.  If it says you are, I would go for it!  If not, maybe add a secured card?  The thing I would focus on is working something out with the student loan lender.  The amount that charged off is high, so they may come after you and try to sue you.  If they do, you could end up with a judgment, which will tank your score.  Good luck! Smiley Happy



Starting Score: 601
Current Score: 739 TU
Goal Score: 800


Take the myFICO Fitness Challenge
Message 2 of 29
Anonymous
Not applicable

Re: I really could use some advice

Thank you for the great advice. Now I know where to go from here. I will send a certified letter to the student loan lender to see if we can get that paid in one lump sum. Would it be possible to get it removed if paid since it's a large amount?
Message 3 of 29
Anonymous
Not applicable

Re: I really could use some advice

The student loan may not agree to delete...but they may since you are the cosigner.  The collections being removed as a PFD would increase your score. You also may look into a secured loan..small amount $500....search the forums for this.  There are a lot of gurus here that offer amazing advice. Good luck on your journey! 

Message 4 of 29
mrsjr
Regular Contributor

Re: I really could use some advice


@Anonymous wrote:
Thank you for the great advice. Now I know where to go from here. I will send a certified letter to the student loan lender to see if we can get that paid in one lump sum. Would it be possible to get it removed if paid since it's a large amount?

I would definitely try!  I would call them and tell them that I would like to pay it off but would like to have it deleted from the CRAs.  I'm sure they would jump at that.  However, if they agree to PFD, get it in writing before you pay them!!!  Good luck! Smiley Happy



Starting Score: 601
Current Score: 739 TU
Goal Score: 800


Take the myFICO Fitness Challenge
Message 5 of 29
Anonymous
Not applicable

Re: I really could use some advice

UPDATE

In collection::::


Cornerstone (medical bill) $1083 - 2012


Dr's Coll. SERV (medical bill) $519 - 2012
PAID IN FULL - WOULD NOT DELETE

Meditcredit (medical bill) $128. - 2012
DELETED

Closed charge off as bad debt in notes::
Student loan I cosigned for $4741 - 2012
DELETED

Smiley Very Happy
Message 6 of 29
Anonymous
Not applicable

Re: I really could use some advice

How much did your score bump after those (2) deletes?

 

Congrats!

Message 7 of 29
907grown
Established Contributor

Re: I really could use some advice


@Anonymous wrote:
UPDATE

In collection::::


Cornerstone (medical bill) $1083 - 2012


Dr's Coll. SERV (medical bill) $519 - 2012
PAID IN FULL - WOULD NOT DELETE

Meditcredit (medical bill) $128. - 2012
DELETED

Closed charge off as bad debt in notes::
Student loan I cosigned for $4741 - 2012
DELETED

Smiley Very Happy

Congrats!! You'll see a bump!! BTW, I see cornerstone, are you in AK? If so, I can PM you about them.



Starting Score: 460
Current Score: EQ 764, TU 764, EX 740,
BOA AK AIR 30,000, Discover IT 6300, Freedom 25,300, Barclays RMC 15,660, Ring 15,000, BCE 15,000, QS17,000,AARP 15,000, ChaseFU 8,000,AND A LOT MORE!
Message 8 of 29
Anonymous
Not applicable

Re: I really could use some advice

Yes I am! Please do I could use all the advice I can gat
Message 9 of 29
Anonymous
Not applicable

Re: I really could use some advice

The Dr's Collective Service is Anchorage slso. They wouldn't budge for a delete. Smiley Sad
Message 10 of 29
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