Reply
New Visitor
MeKnig
Posts: 2
Registered: ‎03-23-2012

In Desperate Need of some advice!!

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!!

Blogger
FrugalRican
Posts: 2,876
Registered: ‎02-02-2012

Re: In Desperate Need of some advice!!

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?

Follow my financial journey: http://www.frugalrican.com


EQ FICO (01/16/2012): 656 - EQ FICO (02/16/2012): 743 - EQ (02/24/2012): 760 - EX (04/28/2012): 739 - GOAL 2013: 800+

AMEX BCE (0/10K) --- BOA 1-2-3 (0/15.9K) --- Discover More (0/6K) --- Chase Freedom Visa (0/1.4K) -- Hyatt Visa Sign. (0/5.8K) -- Barclay's NFL Card (0/7.5K) -- Chase Sapphire Preferred (0/5K)

Moderator
pizzadude
Posts: 8,544
Registered: ‎01-28-2010

Re: In Desperate Need of some advice!!

[ Edited ]
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 ?
March2010 FICO® ~ 695 TU, 653 EQ, 697 EX
Frequent Contributor
JohnPTEX
Posts: 401
Registered: ‎02-23-2012

Re: In Desperate Need of some advice!!


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 ?

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)?


Starting Score: TU:619 (02/24/2012) - EQ:629 (02/24/2012)
Current Score: TU:632 (06/21/2012) - EQ:672 (06/21/2012)
Goal Score: 740


Take the FICO Fitness Challenge
New Visitor
MeKnig
Posts: 2
Registered: ‎03-23-2012

Re: In Desperate Need of some advice!!

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 TypeCollection Department / Agency / Attorney  
Balance$477.00  
Date Opened11/1/2011
Account StatusClosed
Past Due$477.00
Payment StatusSeriously past due date / assigned to attorney, collection agency, or credit grantor's internal collection department

 

 

Account TypeCollection Department / Agency / Attorney  
Balance$80.00  
Date Opened2/1/2012
Account StatusClosed
Past Due$80.00
Payment StatusSeriously past due date / assigned to attorney, collection agency, or credit grantor's internal collection department

 

 

Account TypeCollection Department / Agency / Attorney  
Balance$758.00  
Date Opened12/1/2011
Account StatusClosed
Past Due$758.00
Payment StatusSeriously past due date / assigned to attorney, collection agency, or credit grantor's internal collection department

 

Account TypeUtility Company  
Balance$328.00  
Date Opened10/1/2007
Account StatusClosed
Past Due$328.00
Payment StatusCharge-off

 

Account TypeDebt Purchase  
Balance$266.00  
Date Opened7/1/2006
Account StatusClosed
Past Due$266.00
Payment StatusSeriously past due date / assigned to attorney, collection agency, or credit grantor's internal collection department

 

Account TypeCollection Department / Agency / Attorney  
Balance$88.00  
Date Opened9/1/2010
Account StatusClosed
Past Due$88.00
Payment StatusSeriously past due date / assigned to attorney, collection agency, or credit grantor's internal collection department

 

Account TypeCollection Department / Agency / Attorney  
Balance$88.00  
Date Opened8/1/2010
Account StatusClosed
Past Due$88.00
Payment StatusSeriously past due date / assigned to attorney, collection agency, or credit grantor's internal collection department

 

Account TypeCollection Department / Agency / Attorney  
Balance$432.00  
Date Opened10/1/2005
Account StatusClosed
Past Due$432.00
Payment StatusSeriously past due date / assigned to attorney, collection agency, or credit grantor's internal collection department

 

Account TypeCollection Department / Agency / Attorney  
Balance$48.00  
Date Opened12/1/2011
Account StatusClosed
Past Due$48.00
Payment StatusSeriously past due date / assigned to attorney, collection agency, or credit grantor's internal collection department

 

Account TypeEducation Loan  
Balance$728.00  
Date Opened8/1/2011
Account StatusOpen
Date Opened8/1/2011
Account StatusOpen
Payment StatusCurrent
CommentsStudent loan - payment deferred

 

Account TypeEducation Loan  
Balance$3,500.00  
Date Opened4/1/2010
Account StatusOpen
Payment StatusCurrent
CommentsStudent loan - payment deferred

 

Account TypeEducation Loan  
Balance$6,705.00  
Date Opened4/1/2010
Account StatusOpen
Payment StatusCurrent
CommentsStudent loan - payment deferred

 

Account TypeAuto Loan  
Balance$24,285.00  
Date Opened10/1/2011
Account StatusOpen
Mo. Payment$498.00
Payment StatusCurrent
Terms60 Months

 

Account TypeCredit Card  
Balance$0.00  
Date Opened5/1/2011
Account StatusOpen
Payment StatusCurrent
Limit$500.00
TermsRevolving

 

Account TypeUnsecured Loan
Date Opened12/1/2010
Account StatusClosed
Payment StatusPaid satisfactorily
Terms12 Months

 

 

 

 

 

 

Frequent Contributor
JohnPTEX
Posts: 401
Registered: ‎02-23-2012

Re: In Desperate Need of some advice!!

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


Starting Score: TU:619 (02/24/2012) - EQ:629 (02/24/2012)
Current Score: TU:632 (06/21/2012) - EQ:672 (06/21/2012)
Goal Score: 740


Take the FICO Fitness Challenge
Blogger
FrugalRican
Posts: 2,876
Registered: ‎02-02-2012

Re: In Desperate Need of some advice!!

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.

Follow my financial journey: http://www.frugalrican.com


EQ FICO (01/16/2012): 656 - EQ FICO (02/16/2012): 743 - EQ (02/24/2012): 760 - EX (04/28/2012): 739 - GOAL 2013: 800+

AMEX BCE (0/10K) --- BOA 1-2-3 (0/15.9K) --- Discover More (0/6K) --- Chase Freedom Visa (0/1.4K) -- Hyatt Visa Sign. (0/5.8K) -- Barclay's NFL Card (0/7.5K) -- Chase Sapphire Preferred (0/5K)

Frequent Contributor
JohnPTEX
Posts: 401
Registered: ‎02-23-2012

Re: In Desperate Need of some advice!!


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.


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


Starting Score: TU:619 (02/24/2012) - EQ:629 (02/24/2012)
Current Score: TU:632 (06/21/2012) - EQ:672 (06/21/2012)
Goal Score: 740


Take the FICO Fitness Challenge

myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.

>> About myFICO
FICO Score - The Score that matters
Click to Verify - This site chose VeriSign SSL for secure e-commerce and confidential communications.
Fair Isaac Corporation is a BBB Accredited Financial Service in San Rafael, CA
FOLLOW US Social Media Facebook Twitter Pinterest Google+