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Hello all,
Look forward to changing my current credit outlook for the better with advice
from this forum. I am probably like many others here trying to fix or rebuild my credit to the levels
I have always wanted them to be at. I am just not sure how to start the process of getting advice here
and applying it other than trying to read through the tons of posts and valuable info on this site.
Can anyone assist me or point me to the right direction, I have read most of the stickies, and created my account.
So I guess now is where I explain my credit history \ Background \ Goals?
Thanks for any help folks
djw1976 wrote:
Hello all,
Look forward to changing my current credit outlook for the better with advice
from this forum. I am probably like many others here trying to fix or rebuild my credit to the levels
I have always wanted them to be at. I am just not sure how to start the process of getting advice here
and applying it other than trying to read through the tons of posts and valuable info on this site.
Can anyone assist me or point me to the right direction, I have read most of the stickies, and created my account.
So I guess now is where I explain my credit history \ Background \ Goals?
Thanks for any help folks
welcome to my Fico
The best thing is to post your current profile and what you want to accomplish
Sorry if this is a begginer question but how do I post my profile?
Thanks
@djw1976 wrote:Sorry if this is a begginer question but how do I post my profile?
Thanks
Ok, you just type a post like this one http://ficoforums.myfico.com/t5/Rebuilding-Your-Credit/My-rebuilding-journey-log/td-p/3940223
I would also post what open cards/loans you have now as well
Ok so after looking at another users post about her Credit profile for other users to understand
her credit situation , here is the info I currently have.
Current scores are TU 639 / EQ 642
Current negatives - MIDLAND FUNDING LLC (old tmobile collection account)
Account was paid in full, was a collection - Balance 0 on all Credit Agencies
Account shows open but this is a closed collection account
Date closed 6/26/2013 - Date Paid 6/15/2013
Open Account - Don't know why this is an open account
Remarks - paid Collection / Estimated month and year this item will be removed
03/2017
COMENITY BANK / EXPRESS (Clothing store account)
@djw1976 wrote:Ok so after looking at another users post about her Credit profile for other users to understand
her credit situation , here is the info I currently have.
Current scores are TU 639 / EQ 642
Current negatives - MIDLAND FUNDING LLC (old tmobile collection account)
Account was paid in full, was a collection - Balance 0 on all Credit Agencies
Account shows open but this is a closed collection account
Date closed 6/26/2013 - Date Paid 6/15/2013
Open Account - Don't know why this is an open account
Remarks - paid Collection / Estimated month and year this item will be removed
03/2017
COMENITY BANK / EXPRESS (Clothing store account)
Maximum Delinquency of 120 days in 01/2010 and in02/2010 for $85Remarks SETTLED-LESS THAN FULL BLNC<; CLOSED
Estimated month and year this item will be removed 2/2017Lates - CITIFINANCIAL AUTOMaximum Delinquency of 30 days in 11/2008 and in02/2010Closed AccountCAPITAL ONE BANK USA NAMaximum Delinquency of 60 days in 04/2011Current; Paid or Paying asCredit limit of $420 from 10/2012 to 03/2014; $750 from 04/2014 to 11/2014; $1,000 from 12/2014 to 03/2015I have 3 Credit cards all unsecured -Capitol One Mastercard $1000 LimitCapitol One Quicksilver Visa $2000 LimitChase Freedom Visa $1500 LimitHere is one problem area I know - Credit Card Limit Open CC Debt Rating Reported By $4,500 $4,276 (95% utilization) Very Poor TransUnion & EquifaxRatingI also have 2 Vehicle loans out both new accounts no late payments or will there be,also have 2 closed Chase Financial Auto loans that are closed with no bad marks or late payments either.Thanks
I'll let more experienced folks weigh in about the derogs. But I'm guessing that 95 % util rate is keeping you from getting approved for more cards and/or getting CLI increases. I think the rule of thumb is to get the util under 30%. Under 10% will maximize your score in the fastest way.
Yeah i totally agree the problem is I am getting married soon and a ring takes
all priority for the moment, from there, the credit cards all get paid down to under 30 percent total utilization.
Does anyone have any advice on how to deal with Midland, I have read many threads on them. I paid off the debt in full
with a promise of a closed account and a deletion off my credit report but that never happened just shows paid in full.
Thanks
@djw1976 wrote:
Ok so after looking at another users post about her Credit profile for other users to understand
her credit situation , here is the info I currently have.
Current scores are TU 639 / EQ 642
Current negatives - MIDLAND FUNDING LLC (old tmobile collection account)
Account was paid in full, was a collection - Balance 0 on all Credit Agencies
Account shows open but this is a closed collection account
Date closed 6/26/2013 - Date Paid 6/15/2013
Open Account - Don't know why this is an open account
Remarks - paid Collection / Estimated month and year this item will be removed
03/2017 Go after it with GW letters http://ficoforums.myfico.com/t5/Rebuilding-Your-Credit/GW-letter-Q-amp-A-Examples-and-GW-Success-Sto...
COMENITY BANK / EXPRESS (Clothing store account)
Thank you for the response I will look into starting to draft up responses to the
GW letters, one question though. Am I in any way risking any type of reposne from
these accounts that could further damage my credit score by sending these requests?
Also How do I know where to send these letters to? I have seen posts on ways to find
poeple to send to but it seems like a hot and miss process I am very confused right now.
Thanks
@djw1976 wrote:Thank you for the response I will look into starting to draft up responses to the
GW letters, one question though. Am I in any way risking any type of reposne from
these accounts that could further damage my credit score by sending these requests?
Thanks
Everything you do in this world is a calculated risk. In some cases more lates have been added, TLs updated in dispute status, new status reporting on TL that results in Fico drop. You have to be the judge if its worth it or not.
Send them to the office of the CEO, just Google for the headquarters addresses and CEO name.