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Where to start!?

New Visitor

Where to start!?

I had excellent credit prior to this year (I went from 750 to 580). Made some mistakes after losing my job and an unexpected medical emergency. I have 4 30 day late payments, and 1 inquiry (that I did not do---need to get that removed). My credit utilization is high, and I am doing my best to get that paid down. 

 

However where do I start to repair!? I am a home owner right now, but I am hoping to sell my place in the future and move to less of an starter home and to my forever home where I can put down roots. I am afraid I ruined that dream with my stupid mistake of paying my credit cards 40 days late. 

 

This keeps me up at night, and I feel lost and confused. What can I do?

Starting: 580
Current: TU-608, EQ-608
Goal: 700+
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Moderator

Re: Where to start!?


tkp22 wrote:

I had excellent credit prior to this year (I went from 750 to 580). Made some mistakes after losing my job and an unexpected medical emergency. I have 4 30 day late payments, and 1 inquiry (that I did not do---need to get that removed). My credit utilization is high, and I am doing my best to get that paid down. 

 

However where do I start to repair!? I am a home owner right now, but I am hoping to sell my place in the future and move to less of an starter home and to my forever home where I can put down roots. I am afraid I ruined that dream with my stupid mistake of paying my credit cards 40 days late. 

 

This keeps me up at night, and I feel lost and confused. What can I do?


For the lates you can request a GW deletion with a GW letter. The high util you need to just work on getting the balances down.

 

http://ficoforums.myfico.com/t5/Rebuilding-Your-Credit/GW-letter-Q-amp-A-Examples-and-GW-Success-Sto...

 

Welcome to the board Smiley Happy

"If there's a lack of money in your life, understand that feeling worried, envious, jealous, disappointed, discouraged, doubtful or fearful about money can never bring more money to you, because those feelings come from a lack of gratitude for the money you have."

"Reactions are powerful creators because they contain every element needed to manifest—they're a combination of thought, belief, and feeling in action. Positive reactions create more positive things, and negative reactions create more negative things. If you can respond to negative situations calmly and lightly, instead of with emotional turbulence, what happens next in your life will be so much better."

- Rhonda Byrne
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