Credit Card Center Advertiser Disclosure

Established Contributor
Posts: 935
Registered: ‎08-17-2007
0 Kudos


 Have worked hard since 03 to clean up credit issues brought about by illness and loss of job.
Providian(opened 6-98) paid after charge off (long story-had pyt plan worked out with them & after 2 pyts went to collections..never could get straight so paid to collections) Shows on report paid 11-05, 0 balance.
Applied Bank (opened 12-98)closed at consumer request, paid off 5-06.
Paid both of above monthly, never missing a pyt but not realizing doesnt really help..just shows paid.
Capital 1 (opened 11-99) would not work with me. Had $200 CL, owed $450 after late fees etc & they said had to pay down to CL & closing card wouldnt help. Concentrated my efforts on all other debts so this one remains and shows charged off 5-05. Made my last payt to them 8-04.  NCO now sends me collection letters/settlement offers. Balance is now $1800+!!.  Dont know how to handle but reading on forum seems I should try to settle as this is better than ongoing charge off hurting my utilization.
Maybe need to ask this elsewhere, but do I contact Capital1--and at what phone #?!--or do I work with NCO and they notify Cap! when it's paid?! Seen bad things about NCO in the forum. I don't want to get sued and I have moral obligation to pay, but dont want to pay usury interest, especially in light of fact I tried to work out something with them.
Also had $300 tax lien from 1998  satisfied 04-04. Wasnt aware even had this outstanding until called State to discuss another issue & was advised about it and paid immediately.
I have 10 satisfactory accounts including 2 major charge cards (one since '99 & one opened '05) never late, four car loans, all paid off and never late, and 4 store cards, opened '06, never late. Don't owe anything on store cards and rarely use them..was trying to help utilization. Know I need to pay down majors and am working on that as they are at 70-80%.(CL=$1390 & $1150)
Got mortgage 10-07, 6.75%  which is not showing on reports yet (have written Wells Fargo).
Scorepower report shows my "paying on time" as 'not good', so I'm assuming the Cap1 and lien are really hurting me.  Shows mix not good, but hoping improves when mortgage shows up. Shows length of time as good, and my utilization as not good.
Equifax is 629 and TU is 677-havent pulled Exp yet.
I'd appreciate any advices on how to handle Cap1 and any other advices about when some of these wont hurt my score so much.
FICOS: TU 732(05-16-16) EQ '08 739( 05-16-16) EX 737 (08-17-16)

Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.

† Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
‡ Credit cards for FICO Score ranges: The score ranges are guidelines based on internal myFICO analysis of actual applicant approvals, and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range. These ranges were not provided by any card issuer.

* For complete information, see the terms and conditions on the credit card issuer’s website. Once you click apply for this card, you will be directed to the issuer’s website where you may review the terms and conditions of the card before applying. While myFICO always strives to present the most accurate information, we show a summary to help you choose a product, not the full legal terms - and before applying you should understand the full terms of products as stated by the issuer itself.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.