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Need help getting score up..

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Regular Contributor

Need help getting score up..

I'm new here Smiley Happy I just checked my Equifax score it is 644 would like to get it up to 700 of course or higher and would like to know where to begin I have 4 baddies...1 of which is a cc with a past due balance of $436... Which will age off in 2015..and i do have a couple of cc that are maxed out at $300-$400 each please help?
NFCU $17k Amex Gold Jared $3k PC Richards $1500 Discover IT $1800 NYCO $3k BOFA $4500 Macys $2400 Credit One $1450 Victorias Secret $2950 Walmart $4k Target $800 Capital One $1850 JCrew $8700 Paypal $600 Best Buy Mastercard $1500 Barclays $1430 Amazon Store Card $480 Amazon Visa $4k The Limited $1050 Old Navy $5k Overstock $1150 Citibank Dc $1700 Raymour and Flanigan $2500 Chase Freedom $1k Chase Slate $3200
Message 1 of 7
6 REPLIES
Valued Contributor

Re: Need help getting score up..


Pastryprincessnails wrote:
I'm new here Smiley Happy I just checked my Equifax score it is 644 would like to get it up to 700 of course or higher and would like to know where to begin I have 4 baddies...1 of which is a cc with a past due balance of $436... Which will age off in 2015..and i do have a couple of cc that are maxed out at $300-$400 each please help?

Welcome to the forum

 

644 is a pretty good starting score.

 

I would just pay off your maxed out credit cards first. That will give you some score help.

 

what kind of baddies are you referring to? Collections? Provide more detail please.

 

 

-scott

Starting FICO Score: 10/10: TU 498 | EQ: 502 Current FICO Score(lender pull): 09/14: TU: 784 | EQ: 752 | EX: 784
Collections Removed: Hunter Warfield, CBE Group, Merchants Credit Guide, EOS-CCA, Enhanced Recovery, Portfolio Recovery, UCB, American Collection Company, Medical Business Bureau, Jefferson Capital, Credit Portfolio Associates, FCO, LVNV, Convergent, Armor Systems
Other Negative Entries Removed:Plains Commerce CO, HSBC CO, 2008 Judgment Santander Reposession


Positive Accounts:10/10: 0 | 07/12: 6 | Mortgage Closed 5/12, Macy's AMEX $13900, Citi/Home Depot $8500, Capital One Cash Rewards $3500, BOA $7500 Total Utilization: 3%. AAoA: 2yr, 9mth. INQS: 1 TU, 1 EQ, 3 EX
Message 2 of 7
Regular Contributor

Re: Need help getting score up..

i have 2 tax liens both of which will be paid and updated shortly...I have one  first premier bank card with a past due from 2008 i owe them $436 should i pay it or wait for it to age off which will be 2015 it has not gone to collections and the oc has offered me a settlement of $284...And then i have a chargeoff of $1000 on a line of credit account which is affecting my credit.... 

NFCU $17k Amex Gold Jared $3k PC Richards $1500 Discover IT $1800 NYCO $3k BOFA $4500 Macys $2400 Credit One $1450 Victorias Secret $2950 Walmart $4k Target $800 Capital One $1850 JCrew $8700 Paypal $600 Best Buy Mastercard $1500 Barclays $1430 Amazon Store Card $480 Amazon Visa $4k The Limited $1050 Old Navy $5k Overstock $1150 Citibank Dc $1700 Raymour and Flanigan $2500 Chase Freedom $1k Chase Slate $3200
Message 3 of 7
Epic Contributor

Re: Need help getting score up..

If you know who the lien is from you can ask if they will remove after payment.  Some will, some won't.

 

I would take the settlement from FP and see if they will report as settled or PIF and not settled for less.

 

How old is the CO?

Message 4 of 7
Regular Contributor

Re: Need help getting score up..

its from from 2008

NFCU $17k Amex Gold Jared $3k PC Richards $1500 Discover IT $1800 NYCO $3k BOFA $4500 Macys $2400 Credit One $1450 Victorias Secret $2950 Walmart $4k Target $800 Capital One $1850 JCrew $8700 Paypal $600 Best Buy Mastercard $1500 Barclays $1430 Amazon Store Card $480 Amazon Visa $4k The Limited $1050 Old Navy $5k Overstock $1150 Citibank Dc $1700 Raymour and Flanigan $2500 Chase Freedom $1k Chase Slate $3200
Message 5 of 7
Regular Contributor

Re: Need help getting score up..

But will it improve my score if paid its still a collection account?

 

NFCU $17k Amex Gold Jared $3k PC Richards $1500 Discover IT $1800 NYCO $3k BOFA $4500 Macys $2400 Credit One $1450 Victorias Secret $2950 Walmart $4k Target $800 Capital One $1850 JCrew $8700 Paypal $600 Best Buy Mastercard $1500 Barclays $1430 Amazon Store Card $480 Amazon Visa $4k The Limited $1050 Old Navy $5k Overstock $1150 Citibank Dc $1700 Raymour and Flanigan $2500 Chase Freedom $1k Chase Slate $3200
Message 6 of 7
Epic Contributor

Re: Need help getting score up..

No.  Paying a 3rd party collection account will not improve your score.  Paid or unpaid FICO scores them the same, as a collection.

Message 7 of 7