What positive TL's do you have?
Your lack of revolving credit history isn't providing any lift to your profile. The Collection is considered a major derog. If you have a credit union you can join, discuss with them opening a credit card. They are often more flexible than commercial banks. Time will eventually help your profile.
@Anonymous wrote:
Have been rebuilding, last 45 days or so haven't seen increases in score don't know what else I can do to stimulate score. I have one collection and 4 negative closed accounts showing lates, by the way all should fall off by August 2015.
I started in May trying to fix everything, 24 collections. All medical, score was a terrible 499, now middle score of 610. I need to get to or above 620 for fha loan to get out of renters hell. Any suggestions?
You need to get credit cards/store cards.
You mentioned a middle score of 610? where did you get it from?
Optimal FICO scoring involves 1 loan ( car loan/student loan. home loan) and 3 revolving trade lines. example: 2 credit cards 1 shopping card.
I suggest getting your score from somewhere (may be FAKO) and then reporting that to us. With the amount of negitives you may not qualify for much. I suggest looking into secured cards as if your score is too low the shopping card trick may not work.
@Anonymous wrote:
Fico scores are 633, 627, 625. - Not too bad for your situation
have one secured card now. - Who is the card with?
My credit union has a visa card but afraid of hp and get denied. - How many inquiries do you have on your report?
Depending who your card is with maybe getting a secured cap 1 card would be in your stars. Cap 1 is really good about entry level cards, however they do 3 hard pulls 1 per EX EQ TU. Here is their pre-qualify site: https://findmycard.capitalone.com/ <--- you may qualify for a quicksilver card
Do a search in the fourm for the shopping card trick. If done correctly for the right vendor they do a soft pull on your credit and it will give you a new TL.
