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Established Member
Posts: 12
Registered: ‎08-02-2007
0

Getting Started

Hello Everyone
 
I just started to really work on my credit scores today. My scores are
 
EQ - 581
EX - 555
TU - 556
 
I have an AU CC acct that I can get removed, but for the most part I have alot of goodwill letters to send and 1 or 2 PFD. I sent my first goodwill letter today. Everyone keep your fingers crossed. I also sent a debt validation today (certified with rrr) hopefully things will perk up. Would anyone be willing to help me determine what things to GW and which to PFD. Thanks guys.
Moderator Emeritus
Posts: 16,375
Registered: ‎03-12-2007
0

Re: Getting Started

GW the paid baddies (late payments, collections, charge-offs and etc.) and PFD the unpaid
charge-offs, collections and etc. See the threads below.
 
 
Credit Profile -
FICO 08 Scores (03-26-2015): EQ 814, EX 817, TU 822
All three scores were 850. Lost points for not having an open installment TL. So, BE WARNED!!!!!
Credit History: 26 years ~ AAoA: 13 years ~ Util: 1% ~ Inqs: EX 1, EQ 1

Credit Cards: Amex BCP ~ Amex Clear ~ Amex Platinum ~ Barclay Ring Mastercard ~ Chase Freedom Visa ~ CITI Dividend Platinum World Mastercard ~ FIA Fidelity Investment Platinum Visa ~ First Hawaiian Bank Gold Visa
Established Member
Posts: 12
Registered: ‎08-02-2007
0

Re: Getting Started

Well, my first goodwill letter was denied. They said that they could not change any information. My first DV was sent and the office never responded. I sent it on August 8th and have not heard from them. What should I send now?
Established Member
Posts: 24
Registered: ‎11-03-2007
0

Re: Getting Started

I am getting started as well.  My scores are in the low 500's. 
What is a goodwill letter?  Also, one of the reasons myh score is low is because of the amount of debt I have.  It seems that the student loans my ex and I consolidated show up as an individual debt of mine.  I understand that we are both responsible for this debt, but in our divorce decree, I am assigned only 37.5% of the responsibility for the debt.  Is there anything I can or should do to make sure that my credit score reflects the entire story?
Moderator Emeritus
Posts: 32,869
Registered: ‎08-04-2007
0

Re: Getting Started

We all start from somewhere. On 8/1/07, my scores were 548-524-545 (EQ-TU-EX). On 11/1/07, they were 631-656-658. I attribute the jump in scores to advice given on this site. The goal is to be in the 700 club by January 1.
 
Read, read, read. I spent hours reading before I took action on anything. After getting your AA degree in credit repair, take action, document everything, and set goals for each account. If a GW letter is denied, sent another one. If that is denied, send another one, and another, and another. The worst that could happen is that they say "No". Do the same for PFDs or DVs. If you keep getting a "No", then send it to a different address, if available. If not, send it to a different person. Don't let someone earning minimum wage turn your request down.
 
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