@Anonymous wrote:I've been reading threads on this site for some time. I'm actually in the process of trying to rebuild my credit, but in the process I think I may have hurt my credit by applying fro credit. Here is a little background.
I have 38,000 in student loans, they are current because I'm still in school, but I have some old lenders that are showing negative before they got consolidated.
I have 1 repo that is to fall off next year, but I also have a car loan that is being reported that I will be done paying on around the same time the repo falls off. (no late or missed payments) Send the entity reporting the repo a GW letter asking it be removed.
I paid a collection off and disputed that it is paid in full. We dont advocate disputing valid credit info the right way to go after this is with a GW letter http://ficoforums.myfico.com/t5/Rebuilding-Your-Credit/GW-letter-Q-amp-A-Examples-and-GW-Success-Stories/td-p/1573680
I disputed 1 account is too old and should be deleted from EQ and it has been removed from EQ, but should I do this for TU and EX also?
I also have about 3 or 4 more items in collections. One I disputed that the balance is incorrect. If these are yours go after them with PFD offers. DIsputing isnt going to help you especially if it hasnt updated in awhile.
http://ficoforums.myfico.com/t5/Rebuilding-Your-Credit/PFD-Q-amp-A-Examples-and-PFD-Success-Stories/td-p/2031275
http://ficoforums.myfico.com/t5/Rebuilding-Your-Credit/PFD-Example-Letter/td-p/4519
Now to why I think I started hurting myself:
I have a
Navy Federal cashRewards CC with a $1000 CL (at 90% utilization currently because of car repairs this week)
Just approved for WalMart charge card $400 CL
Just approved for Lane Bryant charge card $250 CL
Just approved Victoria Secrets charge card $250 CL
Just approved for Total Visa CC $300 CL (crappy card I know)
But I have applied for a ton more that will be sending reply by mail (more than likely denied)
Credit scores (FAKOs):
Credit.com-586 EX
Credit Karma- 557 TU and 591 EQ
Should I start gardening now and pay down my NF CC? Yes quit apping for now, get your revolving debt down to 1 card reporting no more than 9% of its CL to the CRAs each month the rest at 0.
Do I need to start the dispute with the other credit bureaus for the things I disputed with EQ? If you have items that have timed out on CRTP then you can dispute them as too old to remain on file. The CRAs are supposed to talk between each other but it rarely happens so you need to address each CRA on its own. I would disregard the FAKOs they are not representative of your real Fico. Welcome to the board and good luck in your repair journey
And any advice anyone has is more than welcomed.
@Anonymous wrote:Question about the GW letter to the OC of the repo. Would I still send one to them if there still is a balance showing on my credit report?
Oh, thought it was paid. If you owe then dont send a GW letter. If you want to pay it try the PFD
@Anonymous wrote:I think I'm just going to let it fall off. Its due to fall off in Feburary. I don't plan on making any major purchases anytime soon.
Ok, start calling the CRAs for the early exclusion 6 mo in advance with TU 2-3 mo with the other 2 CRAs. Good luck 