Hey folks, long time lurker here finally breaking the silence.
Long story, short due to a big mess of personal and relationship / work issues in 2014 I had 8 late payments (3 on a Capital One account, 3 on a credit union CC account, 2 on a credit union auto loan), defaulted on a Comenity card ($18K, settled for $14K) and an Amex Platinum ($36K, currently at $24K and paying off on a monthly basis - they served me papers, and I called the 'law firm' and set up a payment plan).
The accounts I had left were:
Bank of America Cash Rewards Amex ($1000 CL)
Capital One Secured CC ($750 CL -- this one I missed payments on)
Discover It ($1500 CL, no lates)
Credit Union CC ($5000 CL, but frozen and now only in repayment phase)
Prosper personal loan ($10000 @ 9%)
Auto Loan ($10000)
In 2014 my credit was (understandably) dreadful, but I have been getting better at managing the credit. I used my cards a lot and PIF every month.
The Nov 2016 situation: in the last three months I added two cards and got a nice CLI from Discover. I asked BofA for a credit line increase (foolishly) and they closed my credit card altogether and now I am in the process of switching my accounts to Chase to hope for eventually qualifiying for a credit card there.
I have sent goodwill letters last month to Cap One and my CU in hopes of erasing my bad marks.
Current:
Capital One Secured - $750
Capital One Quicksilver One - instant approved at $3000
Discover It - last month, CLI from $1500 to $5500 (! yay !)
SYNC Amazon Store Card - approved at $1500 (maybe I can get a CLI on this?)
Car Loan is down to roughly $5000
Prosper loan is 3 months away from being paid off
Amex collections account is still at $24K
Scores are around 620/640 all around.
Would love some advice on what I am doing and what I should do next. I am not going to go after more credit at this point, I think -- I have two hard inqs on the report now and really want good odds for a Chase Freedom / Sapphire Preferred in the future.
I got most of this rebuildling done thanks to all you, thank you for all the posts!
