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Equifax- 618
Transunion- 595
Im trying to gain 32 points within 3 months. What else should i do to increase my score? Also all of my accounts are being paid on time
Whats being reported
capital one- Cash Rewards Card
capital one- Secured Card
Finance Company- Loan
2nd Finance Company- Loan
Car- Auto Finance
Furniture- Loan
Sorry about that... I had to look at my negatives
Negatives Being Reported from Past
Cap One- Charge off account
First Premier- Charged off
Macy's- Charged off
Verizon- 120 days late.... paid it off
palisades- collection agency
These accounts are from 2-3 years ago
We need more information: do you have any collections, late payments, charge offs, etc. How high is your credit utilization? How much money do you have to throw at this problem in next 3 months?
It feels like I am getting only half of the picture here.
You say you have all those accounts paid on time. Then why is your score so low?
You have any negative accounts?
And what are your balances on the revolving accounts?
Follow my financial journey: http://www.frugalrican.com
Sorry about that... I had to look at my negatives
Negatives Being Reported from Past
Cap One- Charge off account
First Premier- Charged off
Macy's- Charged off
Verizon- 120 days late.... paid it off
palisades- collection agency
These accounts are from 2-3 years ago
@polo1985 wrote:Sorry about that... I had to look at my negatives
Negatives Being Reported from Past
Cap One- Charge off account
First Premier- Charged off
Macy's- Charged off
Verizon- 120 days late.... paid it off
palisades- collection agency
These accounts are from 2-3 years ago
The following assumes that the debts are valid and property reported. Look into Debt Validation (DV) if they are not.
Verizon is going to be a pain. Im dealing with them now and they will not budge. You can try to send them a Goodwill (GW) letter asking them to remove.
Cap1 is also a pain. (Im also dealing with them). How old is this Charge off? Is it outside Statutes of Limitations (SOL)? How much is still owed? If you still owe money and its outside SOL they may do a PFD. If within SOL PFD will be more difficult.
First Premier and Macy's - no experience with them. Follow same as for Cap1 above and if cant PFD try GW after payment.
Palisades: no experience with them. Check SOL and offer them PFD. What type of collection is this? If medical, investigate HIPPA process of removal. If this is your only collection I would start with this one.
ALSO: And important - what is your credit card utilization? If you can, get below 9% utilization
@Duncanrr wrote:
@polo1985 wrote:Sorry about that... I had to look at my negatives
Negatives Being Reported from Past
Cap One- Charge off account
First Premier- Charged off
Macy's- Charged off
Verizon- 120 days late.... paid it off
palisades- collection agency
These accounts are from 2-3 years ago
The following assumes that the debts are valid and property reported. Look into Debt Validation (DV) if they are not.
Verizon is going to be a pain. Im dealing with them now and they will not budge. You can try to send them a Goodwill (GW) letter asking them to remove.
Cap1 is also a pain. (Im also dealing with them). How old is this Charge off? Is it outside Statutes of Limitations (SOL)? How much is still owed? If you still owe money and its outside SOL they may do a PFD. If within SOL PFD will be more difficult.
First Premier and Macy's - no experience with them. Follow same as for Cap1 above and if cant PFD try GW after payment.
Palisades: no experience with them. Check SOL and offer them PFD. What type of collection is this? If medical, investigate HIPPA process of removal. If this is your only collection I would start with this one.
ALSO: And important - what is your credit card utilization? If you can, get below 9% utilization
I paid Capital One, Macy's, and First Premier charge offs... .Should i just try a GW since i paid the charge off balance. I think im still in the SOL. Im in GA. Also the accounts are from 2008 and 2009
Anything that you already paid off, you GW to kingdom come.
Your current CC's, you need to get all of your cards except 1 card, to a 0 balance. That 1 card, you leave a balance reporting on statement date of 1% to 9% of that line's balance in order to get the revolving sweet spot.
Follow my financial journey: http://www.frugalrican.com