I have lurked the boards for quite some time. Many years ago I had great credit and like many, I managed to default causing major pain. What actually through everything into a tailspin was a personal situation. Sadly that situation occured exactly at a time i was being audited by the IRS. To make the story short, I owed the feds and state (NY) over 60k combined from three years of auditing (2007-2009). The plan was that to keep living with my daughters mom (my ex) and she assist me in paying off the debt. It was our debt although i filed alone (I was not married). unfortunately it didnt happen that way. The audit concluded in august 2009. In september 2009 I had to leave my home. That made paying back a whole lot more difficult. I closed accounts, some where closed by the creditors, charged offs etc.....I have three liens on my record. Because of my many responsibilities (three kids in private school) anad my living expenses i made the final payment to the IRS in August 2016. Right around that time i had started limited credit lines. My scores were in the 550s. Today my scores are in the 650s. I have managed to allocate approxiamtely $58,000 in about 8 credit cards. My utilization is about 23%. Tommorow i will send approximately $3000 to reduce balance. My last application was to penfed in january 2017 ($10,000) and now i will not apply for a while. my next target is NFCU. Im thinking around June. I believe my utilization be be less and hope to be approve for something in the $20K range
I have learned a lot from these boards and would like to thank everyone. Although this is my first post trust me I have learned from many of you.
