Reply
Visitor
corosonia
Posts: 4
Registered: ‎06-17-2012
0

building my score

I paid a lot of my bills that showed on my credit report 2 years ago.  but my score is still low, I have a secure credit card and use it scarcely, how can I get the negitives off my report so my score can move up?

Moderator
pizzadude
Posts: 9,674
Registered: ‎01-28-2010
0

Re: building my score

Welcome to the forums ! First, I would recommend pulling a FICO score if you haven't already ~ this will give you an idea of where you stand. What kinds of negatives are showing on your reports ? Removing them is usually attempted through sending goodwill letters ( GW ) to your creditors, requesting them to delete late payments or negative accounts.
March2010 FICO® ~ 695 TU, 653 EQ, 697 EX
New Member
User592954
Posts: 37
Registered: ‎06-16-2012
0

Re: building my score

If you used your bank like BOA to get a secured card from your bank, in 6 months to a year it would be unsecured.

Sounds like you are not using your relationships to financial institutions correctly.

You have a bank account right?

Then the secured card should be with your bank.

If you did that, usually in 6 months they make it unsecured.

Some bank you don't do business with has had your money for 2 years and you are still secured?

That's first issue. IMO

Get a couple of store accounts too, where you shop. Department stores and jewelers are easy.

After 2 years you should have more than one secured card.

Unsecured store cards

Unsecured bank card with your bank

An auto loan

That's all realistic to almost anyone within 2 years.

 

 

Ghost in Bureau's from 1987 to 2010 (lot's of money no need for credit)
0 2010 in Bureaus
750 average beacon 2012
850 goal
Valued Contributor
rckstrscott
Posts: 2,660
Registered: ‎04-25-2011
0

Re: building my score


User592954 wrote:

If you used your bank like BOA to get a secured card from your bank, in 6 months to a year it would be unsecured. Didn't happen for me, and I had a Bank of America checking and savings account since 2007, with no prior charge off with BOA. They refused to unsecure me so YMMV.

Sounds like you are not using your relationships to financial institutions correctly.

You have a bank account right?

Then the secured card should be with your bank.

If you did that, usually in 6 months they make it unsecured. Once again, YMMV. This is way too definitive.

Some bank you don't do business with has had your money for 2 years and you are still secured?

That's first issue. IMO

Get a couple of store accounts too, where you shop. Department stores and jewelers are easy.

After 2 years you should have more than one secured card.

Unsecured store cards

Unsecured bank card with your bank

An auto loan

That's all realistic to almost anyone within 2 years.

 

 


I am not disagreeing with your advice as it is solid. but it sure isn't one size fits all like you make it sound like. Many people have a much larger uphill battle; not all of us could get to those simple things after 2 years of repairing and rebuilding.

 

Your sig indicates you were a ghost in the bureaus... So you have been building credit, after being a ghost, so what you are saying is very, very plausible for anyone in your situation.

 

But for people with major derogs? like judgments? tax liens? 19 collections? repos? charge offs? forclosure?

 

It is not as cut an dry as you have been posting.

 

-scott

Starting FICO Score: 10/10: TU 498 | EQ: 502 Current FICO Score(lender pull): 09/14: TU: 784 | EQ: 752 | EX: 784
Collections Removed: Hunter Warfield, CBE Group, Merchants Credit Guide, EOS-CCA, Enhanced Recovery, Portfolio Recovery, UCB, American Collection Company, Medical Business Bureau, Jefferson Capital, Credit Portfolio Associates, FCO, LVNV, Convergent, Armor Systems
Other Negative Entries Removed:Plains Commerce CO, HSBC CO, 2008 Judgment Santander Reposession


Positive Accounts:10/10: 0 | 07/12: 6 | Mortgage Closed 5/12, Macy's AMEX $13900, Citi/Home Depot $8500, Capital One Cash Rewards $3500, BOA $7500 Total Utilization: 3%. AAoA: 2yr, 9mth. INQS: 1 TU, 1 EQ, 3 EX
Visitor
corosonia
Posts: 4
Registered: ‎06-17-2012
0

Re: building my score

the negatives that are on my report are a car not that I paid of. and a credit union loan that was also paid off/charged off

Moderator
pizzadude
Posts: 9,674
Registered: ‎01-28-2010
0

Re: building my score


corosonia wrote:

the negatives that are on my report are a car not that I paid of. and a credit union loan that was also paid off/charged off


If they are paid, try sending GW letters requesting them to either delete the accounts or clear the negatives/late payments.
March2010 FICO® ~ 695 TU, 653 EQ, 697 EX

myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.

>> About myFICO
FICO Score - The Score that matters
Click to Verify - This site chose VeriSign SSL for secure e-commerce and confidential communications.
Fair Isaac Corporation is a BBB Accredited Financial Service in San Rafael, CA
FOLLOW US Social Media Facebook Twitter Pinterest Google+
}