Reply
New Member
Posts: 2
Registered: ‎07-24-2013
0

Just starting to rebuild.

I applied for a few cards last week--Suntrust secured (700 CL) approved, Barclay declined, TJMaxx declined. I just got my scores back today. EQ-611, TU- 590 (TJMaxx) 570 (Barclay) Currently, I have a Macy's (100 CL), Orchard Bank/Capital One (300 CL), and my husband's BoA card shows on my credit report (1900 CL). I have 4 medical Charge Offs (2 paid, 2 unpaid) from a bad car accident back in 2007. All 4 will be 7 years old by January 2015--2 of them off by September 2014, I think. I recently paid two of the charge offs, and I wanted to know if they will be removed 7 years from the original date or did I screw myself by paying them this year? This is my only question at the moment, but any and all advice is greatly appreciated. 

A little background, my husband graduates medical school in 2015 and we want to be able to rent a nice place in both of names; no plans to buy a home anytime soon because we want to build a home eventually. I don't have any student loans. Neither of us needs a car, mine is 7 years old and his 1. He just got a Discover It card and we are not in dire need of any more credit. I just want to option to get credit, if needed. 

Again, any advice, please!

 

 

 

Current Score 7/29/2013: TU- 590 or 570 EQ- 611 EX- 609 (not true FICO) 

Goal Score: 750s 

Moderator Emeritus
Posts: 32,869
Registered: ‎08-04-2007
0

Re: Just starting to rebuild.

Welcome to the forums!

I'd suggest reading the following:

Common Abbreviations

Credit Scoring 101 - great for knowing what is in your credit score and to see how your score is impacted.

What Steps Do I Take - great for learning the repair process.

and Example letters - PFDs, GWs, DVs, etc.

 

I'd waive on applying for anything else. You have a good mix of credit reporting already. I'd focus on repair for the time being.

 

I'd mail GWs to the two debts you paid off. Ask for deletion. The 7-7.5 yr CRTP will not reset because you paid a debt. It'll still drop 7-7.5 yrs from the org. DOFD.

 

 

 

 

 

 

Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.