Hello. I am hoping that someone will be able to give me some advice on what I need to do or not do. It's kinda long, but I wanted to make sure that I provided as much info as I could.
Some background....I’m in my late 30’s and I started my financial journey In September 2012 with a sore of 622 according to Myfico. I did a lot of GW'ing CA's that were reporting my baddies, which were probably around 7-8. Some of them dropped off before I could get to them. I pulled my scores today from Myfico and it said that I'm at 668 EX, 694 EQ, and 699 TU and grateful for my journey. I was able to finance a new vehicle at a rate of 4.76% considering my last vehicle was at 18.99% in 2005.
I currently have the cards below and ensure that I pay them in full expect my BOA which is on 0% until September 2014. The Best Buy card I just opened to buy a computer and it is at 0% for 18 months. I also have an installment loan for my vehicle and the balance on it is roughly 28K and I also try to pay more than my minimum due each month.
Since I use my Cap1 and BOA cards the most should I use them and then make multiple payments during the month or use it and pay the balance before my statement actually prints? Would it be better to let a small balance, say less than $50, roll over on one of the cards?
Card | Bal/Limit |
Sears - Mine | 0/2300 |
Sears - AU | 0/1000 |
Cap 1 | 1171/2250 |
Cap 1 | 56/320 |
BOA | 1113/1500 |
Best Buy | 1185/2000 |
I have 2 derogs on my CBR and I need some advice on them.
According to EX this is supposed to be deleted in August 2014 – not sure if this is accurate. This appears on my EX and TU CBR. I disputed this on all 3 and EQ was the only one that removed it. The other two validated even though I sent them a DV. I never received anything back after the 2nd dispute on CBR. Not sure if I should do anything or just ride it out. The other “joint” stated that it was removed from all of her CBR’s but I am not sure how accurate that is.
NCC BUSINESS SERVICES
Agency Address: | 3733 University Blvd W Jacksonville FL |
Date Reported: | 12/2008 |
Date of Status: | 02/2009 |
Creditor Classification: | Collection |
Creditor Name: | WELLINGTON PLACE |
Account Number: | 17XXXXXXX |
Account Owner: | Joint Account. |
Original Amount Owned: | $650 |
Last Reported Date: | 03/2014 |
Balance Owned: | $650 |
Status Date: | 2/2009 |
Status: | D - Unpaid |
Comments: | Collection account |
According to EX this is supposed to be deleted in July 2015 – not sure if this is accurate as well. This one I would be willing to do a PFD, but I haven’t had any luck with correspondence with the CA.
MAR JOE ENTERPRISES DBA CR
Agency Address: | Bureau/Collections 10368 Wallace Alley St |
Date Reported: | 10/2013 |
Date Assigned: | 07/2009 |
Creditor Classification: | Medical/Health Care |
Creditor Name: | G LARRY DDS |
Account Number: | 14XXXXXXX |
Account Owner: | Individual Account. |
Original Amount Owned: | $133 |
Date of 1 st Delinquency: | 10/2008 |
Balance Date: | 10/2013 |
Balance Owned: | $133 |
Last Payment Date: | |
Status Date: | 10/2013 |
Status: | D - Unpaid |
Comments: | Collection account |
These my not seem like a lot, but it is to me. I started out with small goals and I was able to obtain it. My next goal is to have over 700 across the board.
My last question…not sure if I should ask on this board or not. My mom asked me to help her get her house refinanced and is now wanting to put my name on it. Question…will it hurt or help me by having my name on her mortgage? The balance is around 48K and is for 15 years. Yes, I would be able to pay for it if something were to happen to her. I guess I am just thinking about the future in all of this.
TIA for any advice.
