It's official...all collections gone!

[Anonymous]

I've been really focused since this May on getting my credit back in order. I'm feeling really good that I've got all my collection account paid and removed. I still have three baddies that I know I can get two gone. They are judgements. The third is a repo from WFDS from 1/2014 from my divorce. That one is just gonna have to age away unfortunately.

Question on that one though. I have a currently car loan I'm paying on time now but would like to trade it in towards the end of the year. If I get my scores up and continue to pay my current loan, is it possible that repo would be held against me by the "regular" finance banks or would I still be dabbling in subprime car loans...

[Anonymous]

Congrats on your success with those collections!    Not too sure on the auto loan repo from1/14.  Since it's fairly new, it could put you in with a higher interest rate.  Keep making your other payments on time.  If you have to trade in,  try to get the lowest rate possible & pay on it for a while, then see if you can refinance it to a lower rate.  I had no credit since we were paying by debit for everything  So I had to take the higher rate at 12% for 1 1/2 yrs and not the car I really wanted.  But that made the world of difference when it was time to buy my next car.