CURRENT SCORE: 586
Just logged into MyFico and found out that my Experian score went up 33 points today. I paid a Capital One charge off and cleared all of my balances one month ago. Capital One hasn't updated my charged off balance yet. I will follow up with them. For some reason the charge off shows as an open account? I read somewhere that paying the debt collectors might cause additional short term damage? I hope not.
I am going to draft a GW letter this week because the CapOne chargeoff is the only negative item on my credit report (18 lates) and it's killing my score.
Equifax /Transunion didn’t include my new CreditOne account as a tradeline yet. I expect an update soon and will follow up if need be.
I now have a CreditOne and a First Premier credit card. I will use these tradelines sparingly. I received a CLI in the amount of $100 from CreditOne a couple days ago.
I'm waiting for a response from Comenity. I applied for an Express Next card. It dinged my Equifax by a couple points. Keeping my fingers crossed!
I would like to hit 650+ across the board by July.
Starting Score: 543
@missindependent wrote:CURRENT SCORE: 586
Just logged into MyFico and found out that my Experian score went up 33 points today. I paid a Capital One charge off and cleared all of my balances one month ago. Capital One hasn't updated my charged off balance yet. I will follow up with them. For some reason the charge off shows as an open account? I read somewhere that paying the debt collectors might cause additional short term damage? I hope not. If its been reporting monthly then there will not be additional damage as your Fico has already taken the hit, you might even see a rise in score since it will change your utilization percentages.
I am going to draft a GW letter this week because the CapOne chargeoff is the only negative item on my credit report (18 lates) and it's killing my score.
Equifax /Transunion didn’t include my new CreditOne account as a tradeline yet. I expect an update soon and will follow up if need be.
I now have a CreditOne and a First Premier credit card. I will use these tradelines sparingly. I received a CLI in the amount of $100 from CreditOne a couple days ago.
I'm waiting for a response from Comenity. I applied for an Express Next card. It dinged my Equifax by a couple points. Keeping my fingers crossed!
I would like to hit 650+ across the board by October.
You want one more bankcard and I would go with a secured. http://ficoforums.myfico.com/t5/Rebuilding-Your-Credit/Secured-Cards-Database/td-p/3846302
Does it matter how much money I put down?
My Transunion score just went up 25 points and hit 588. Yay 
Yesterday, I mailed a GW letter to Capital One. Hoping for the best. Doing something is better than nothing.
Oh, and Comenity denied me. They have a bizarre scoring system. No worries I don't shop there anyway.
@gdale6 wrote:
@missindependent wrote:My Transunion score just went up 25 points and hit 588. Yay
Grats
Thanks!
Doing my happy dance at the moment. My Experian score just shot up 65 points. From 555 to 620 in one month. A big thank you to the myFICO community!!! I still have a long way to go. I'm waiting for Equifax and Transunion to report my decreased balance on a current card. I left $3.00 on my POS First Premier card. I'm also waiting for the paid in full Capital One charge off balance to reflect on all three reports.
Off to work I go