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First off this site is great ive learned so much about credit and how to rebuild it. I have done a couple things so far to help my credit and want to do more . My myfico score is 609, ck is 569 with an update coming June 1st hoping it will go up, credit sesame is 610. I have opened up a capital one secured card (200 limit) in march as well as bank of America secured (300 limit) at the beginning of may. I have had the capital one show 9% ulti and im goanna pay in full before the 1st statement cuts for boa. I am also in a rehab with general revenue for my student loans which I started in feb. I have the 3 negs on my account all from the loan. It started with citi bank went to sallie mae then usa funds. I owe about 5000. My main goal is to get to 720 credit and have a real credit card any other thoughts on what I can do? Thanks
How bad are the negatives on your SL?
Right now the best thing to do is keep your utilization at 9% or under and make ontime payments for 6 months to a year while those accounts age. Your scores will start to go up.
there are a lot of late payments on my sl. After the rehab what usally happens to the accounts?
That is the question of the century. So many posters are having different things happen and each guarantor is doing things differently.
Some are removing the default status and the lates, some are just removing the default status but leaving the lates.
yeah thats what i figured lol. I have heard a lot about 7 years and it is off your report when doees that start??
@guiness56 wrote:That is the question of the century. So many posters are having different things happen and each guarantor is doing things differently.
Some are removing the default status and the lates, some are just removing the default status but leaving the lates.
For that to happen it would need to have been CO or went to collections. But if they remove the default then the TL would not be removed.