Hello All,
I have been at this rebuilding now for a about 1 month and half. I had a total of 10 baddies on my credit and zero positive accounts. I have mangerd through shopping cart trick get Express, Buckle, Onestop plus and Bryant Homes store cards. I also got a Merrick Bank sercured card and a 200$ loan from my credit union. I have currently one month of reporing so far. I also did add a car loan that of course hasn't reported as of yet. Im still at mid 500's across all boards. I haven't carried any balance on any of my cards except one. So right now im reporting at 10% utilization. I still have got tons deleted off my report. The only baddies i have currently is:
Collection account for utilites for $644.00
Repo/ Charge off with unpaid bal of $5000
Bank charge off of $740.00/ Settle for delete $450.50(will be coming off any day now)
This is how the Charge off is reporting:
| Account | LOBEL FIN | ****07 | Auto Loan |
| Date Opened | 07/18/2011 | 07/01/2011 | 07/01/2011 |
| Monthly Payment | $367 | $0 | $367 |
| Account Balance | $5126 | $5126 | $5126 |
| Last Reported | 08/22/2012 | 08/22/2012 | 08/01/2012 |
| Account Condition | Closed | Closed | Closed |
| Amount Past Due | $0 | $0 | $0 |
| High Balance | $5126 | $15406 | $5126 |
| Limit | $0 | $0 | $0 |
| Remarks | - | Unpaid balance reported as a loss by the credit grantor. | - |
| Responsibility | Joint | Joint | Joint |
Past Due: Last 24 Months 30 Days 0 60 Days 0 90 Days 0 | Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar
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Question:
Is there a better way that it can be reported that doesn't look bad still? (i know a Charge off is like the worse you can have)
Its still showing up under Intalment loans why? I plan to send them a settlement off since the loan is charged off, it already got forgiven in taxs which isn't part of the company assets anymore. So i will see if they could take a 1500 settlement paid in 6 months(can't hurt but try right)
Any help please? Last two things to work on before my CR is clean.