Rebuilding Your Credit

[MeKnig]

I have been trying to get my credit score up for about the last year and half. It took a big hit when I got a divorce. Everything was in my name, so of course it shows up on my credit report. I have things on there that are dated from 2005 till today. I have no idea what things I should pay and if I should pay them at all.  I have been able to get it up by about 50pts, but every time it goes up, something else hits it and my score shoots straight back down. I need to know what are the best ways to get my score up. I would appreciate all the help I can get.

Thanks in Advance!!

[FrugalRican]

Might help if you post exactly what you have. What are your baddies? What credit cards do you have? What are their CL's and balances?

Do you know your FICO score?

[pizzadude]

Hi and welcome to the forums !

Can you share some details about what the negatives are on your credit reports ? Dates, amounts, types of accounts ~ that will help determine where to start first.

Also, have you recently pulled any FICO scores ? Do you have any idea where you stand ?

[JohnPTEX]

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pizzadude wrote:
Hi and welcome to the forums !

Can you share some details about what the negatives are on your credit reports ? Dates, amounts, types of accounts ~ that will help determine where to start first.

Also, have you recently pulled any FICO scores ? Do you have any idea where you stand ?

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Welcome!!

++1

Echoing what others have said - you need to give us more info on your baddies - also who are you using for CM (credit monitoring)?

[MeKnig]

I monitor my credit score through Experian, and my credit score through them is a 569. I am not sure how that relates to my FICO score though. I know that it has gone up cause I was around 520, so I am happy about that, but I would rather it be a lot higher!! Here is the information that Experian has for me.

Account Type	Collection Department / Agency / Attorney
Balance	$477.00
Date Opened	11/1/2011

Account Status

Closed

Past Due

$477.00

Payment Status

Seriously past due date / assigned to attorney, collection agency, or credit grantor's internal collection department

Account Type	Collection Department / Agency / Attorney
Balance	$80.00
Date Opened	2/1/2012

Account Status

Closed

Past Due

$80.00

Payment Status

Seriously past due date / assigned to attorney, collection agency, or credit grantor's internal collection department

Account Type	Collection Department / Agency / Attorney
Balance	$758.00
Date Opened	12/1/2011

Account Status

Closed

Past Due

$758.00

Payment Status

Seriously past due date / assigned to attorney, collection agency, or credit grantor's internal collection department

Account Type	Utility Company
Balance	$328.00
Date Opened	10/1/2007

Account Status

Closed

Past Due

$328.00

Payment Status

Charge-off

Account Type	Debt Purchase
Balance	$266.00
Date Opened	7/1/2006

Account Status

Closed

Past Due

$266.00

Payment Status

Seriously past due date / assigned to attorney, collection agency, or credit grantor's internal collection department

Account Type	Collection Department / Agency / Attorney
Balance	$88.00
Date Opened	9/1/2010

Account Status

Closed

Past Due

$88.00

Payment Status

Seriously past due date / assigned to attorney, collection agency, or credit grantor's internal collection department

Account Type	Collection Department / Agency / Attorney
Balance	$88.00
Date Opened	8/1/2010

Account Status

Closed

Past Due

$88.00

Payment Status

Seriously past due date / assigned to attorney, collection agency, or credit grantor's internal collection department

Account Type	Collection Department / Agency / Attorney
Balance	$432.00
Date Opened	10/1/2005

Account Status

Closed

Past Due

$432.00

Payment Status

Seriously past due date / assigned to attorney, collection agency, or credit grantor's internal collection department

Account Type	Collection Department / Agency / Attorney
Balance	$48.00
Date Opened	12/1/2011

Account Status

Closed

Past Due

$48.00

Payment Status

Seriously past due date / assigned to attorney, collection agency, or credit grantor's internal collection department

Account Type	Education Loan
Balance	$728.00
Date Opened	8/1/2011

Account Status

Open

Date Opened

8/1/2011

Account Status

Open

Payment Status

Current

Comments

Student loan - payment deferred

Account Type	Education Loan
Balance	$3,500.00
Date Opened	4/1/2010

Account Status

Open

Payment Status

Current

Comments

Student loan - payment deferred

Account Type	Education Loan
Balance	$6,705.00
Date Opened	4/1/2010

Account Status

Open

Payment Status

Current

Comments

Student loan - payment deferred

Account Type	Auto Loan
Balance	$24,285.00
Date Opened	10/1/2011

Account Status

Open

Mo. Payment

$498.00

Payment Status

Current

Terms

60 Months

Account Type	Credit Card
Balance	$0.00
Date Opened	5/1/2011

Account Status

Open

Payment Status

Current

Limit

$500.00

Terms

Revolving

Account Type

Unsecured Loan

Date Opened

12/1/2010

Account Status

Closed

Payment Status

Paid satisfactorily

Terms

12 Months

[JohnPTEX]

I would start by DV'ing all of the baddies - it looks like at least one is being reported by multiple CA's - after you've DV'ed I would PFD all of the CA's and then once paid, GW all of the OC's

[FrugalRican]

That Experian score you pulled is a FAKO.

In other words, it could mean just about anything. You need a FICO score to better understand where you stand, but in all honesty, I wouldn't doubt that in this case, your FAKO might closely match your FICO.

[JohnPTEX]

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FrugalRican wrote:

That Experian score you pulled is a FAKO.

In other words, it could mean just about anything. You need a FICO score to better understand where you stand, but in all honesty, I wouldn't doubt that in this case, your FAKO might closely match your FICO.

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Yeah you may try CreditKarma which pulls TU FAKO and see how the two compare - its free so it cant hurt