12-20-2013 08:56 PM
12-20-2013 10:05 PM
work on paying or settling all outstanding debt, lowering utilization, and open a few new secured cards. in the process your score will probably normalize/even out. my guess is you would have to clear all debt that is reporting and then have 1 yr of clean history with a new account before seeing a substantial increase, but it can be done. if you have too much debt you also might want to consider BK. if you know you cant clear your balances by paying, you scores will likely remain low until there is a change.
12-20-2013 10:09 PM
Yes. Scores in my siggy! I have come a long way And you can too! Time heals all wounds!
12-21-2013 05:01 PM
Thank you so much I appreciate the motivation. I feel sick about it. It is good to know it can happen. I bought a car at 19% apr only because I was desperate didn't have a car and didn't know what to do. Long story short I've had this car for 2 years never missed a payment and score is the same so I guess that hasn't helped me. Thank you again for the positive feedback.
12-21-2013 05:38 PM
You are well on your way to a better credit score, even though the APR is high that car loan you have will show that you've turned the corner and is ready to be responsible. Now it's time to see where you stand: You have your Fico scores, but what's more important is what's on your reports. I
mproving your score takes a two pronged attack:
1.Get incorrect information corrected or removed from your report.
2. Start building positive history like your auto loan or a secured card.
Like others have said, time heals all credit wounds (except student loans LOL)
| CSP (AU) $12,000 | Amex PRG (AU) | United $6,000 | OCCU $12,000 | Ink Bold | GM $3,200 | DCU $7500 | Luthansa $9000 | SPG $6,000 | Citi AA Executive $11,000 | Ink Plus $5,000 | EX 2/7 697 | EQ 10/27 721 | TU 12/15 719 |
12-22-2013 12:42 PM
My credit score was a low EQ 423 in June as of today it is a 560. I disputed, got some lates removed,
paid of collections and there is still more to come. Time is all you need...
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.