04-23-2011 03:23 AM
I'm 24 & I have terrible credit..... my score is 563 from Experian It sucks. I have 2 positive accounts & two negative accounts. I paid down the CC to $88 right now & increasing my CL to $500 next week. I'm going to work on keeping my balance low from now on. So this is what it looks like.
|Account Name||WELLS FARGO BANK|
|Account Type||Secured Credit Card|
|ccount Name||HSBC/RS CE|
|Account Type||Installment Sales Contract|
|Account Name||CAP ONE|
|Account Type||Credit Card|
|Account Name||US COLLECTIONS WEST IN|
|Account Type||Collection Department / Agency / Attorney|
04-23-2011 06:09 AM
Looks like you paid Cap1 after the CO, maybe try sending them a Good Will Letter and see if they will remove the negative listing and report it as Closed/Paid Satisfactorily (but don't ask them to remove the tradeline, just the negative) You can do a search here for GW Letters.
As far as the last baddie, have you tried contacting the OC to see if you can work out a payment plan? Make sure you get any agreements in writing, not verbally.
Hopefully a more experienced member will chime in and give you better advice.
Best of Luck!!
04-23-2011 07:57 AM
Ditto to CapOne.
The first two look like they are reporting OK. For best results, get the WF to report a balance of under $27 or PIF monthly.
Ditto to the CA. Keep an eye on SOL too. If you don't have the $$$ to PIF if you had to set aside and if SOL had not expired, then wait it out.
04-23-2011 08:01 AM
04-23-2011 08:35 AM
04-23-2011 09:04 AM
I would take the $500 and pay down my HSBC balance rather than increase the limit on my secured card because increasing the limit does nothing for you while reducing your balance does a world of wonders.
04-23-2011 09:19 AM
05-04-2011 01:51 AM
Ok so I payed down my Secured WF CC to $50 & increased my CL to $500. I'm goin to try & throw everything extra I have at it at HSBC. So hopefully I'll have it payed off in 3 months.
I dont think theres much I can do with Captial One other than a good will letter right? What should I ask for?
Now down to the nitty gritty US Collections West. Let me be honest I dont want to pay them, Im under the inpression that the damage is already done to my credit so paying really doesnt do much for me right now. So should I put some cash together & approch them with an offer to settle? Should I wait for them to contact me? They sent me a letter in January saying to contact them that they were willing to talk about a settlement. Of couse this was because tax time, but I didnt receive a refund.
05-04-2011 04:01 AM
So I signed up for the quarterly monitoring here & MyFico score with Transunion is 656 but the US Collections West account isnt listed on this credit report. I feel like that score is a lie.
The credit report & score I posted at first was from Experian. I'll pull Equifax eventually to see where I stand with them.
05-17-2011 02:06 AM
I got curious to see if the US CO West account was on Equifax..........Nope not there yay! lol My current score with EQ is 662.
Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.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.
* For complete information, see the terms and conditions on the credit card issuer’s website. Once you click apply for this card, you will be directed to the issuer’s website where you may review the terms and conditions of the card before applying. While myFICO always strives to present the most accurate information, we show a summary to help you choose a product, not the full legal terms - and before applying you should understand the full terms of products as stated by the issuer itself.
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.