@Anonymous wrote:I just came to vent on rebuilding. Just when you think you are doing good, your score drops. I traded in a car that I still owed on, as soon as it reported paid in full, my score dropped 17 points. New car loan reported on some reports no change, on one an increase. My scores are constantly changing. Once I'm in the 600 club in all 3 I get knocked down in one. I'm just frustrated. I think I just need to start paying all my cards off.
What advice does anyone have as for helping increase my credit score?
Little info:
Two collection accounts with balances
A repo from years ago that via Credit Karma has been removed
Student loans that are current and open
Student loans that are closed with some past dues.
Most of my cards have a balance on them
Thanks in advance!
Rebuilding is a roller coaster ride scorewise, it will go up and down-just hold steady. The main thing you can do is pay off all your balances and just use the Navy Fed card as your main one, don't carry any more than 9% of your combined total credit limits in any given month. For you that's about $250. PAY EVERY THING ON TIME ALL TIME, even your non reporting bills.
Work on negotiating a pay for delete on the collections which will help. You might also reach out to your former student loan lender/servicer for a goodwill adjustment since they are now closed/paid. I was able to do this last year by writing a nice letter explaining why I had fallen on hard times, what I had done to right myself, and how I wanted to be able to own a home again. They removed the lates from 6 tradelines so they show paid, never late.
Current Score: TU: 674 | EQ: 722 | EX: 717 | Last Inq. 2/16/15...Locked Up in The Garden