Hi Barry and Everyone,
First time joining this forum. Seems very interesting and provides a lot of support and feedback. I'm looking forward to sharing my challenge with you guys.
My current situation.
Experian - 630
Equifax - 603
Transuntion - 630
Short term goal - 660 (maybe 6 months? is this possible?)
Long Term goal - 700+ (maybe withing 2 years? is this possible?)
Up until 2009 I was young and very lazy with paying bills, etc. I didn't understand the importance of credit. In January of 2009, I payed off all my debt that was on my credit report as deliquent, etc.
I kept my auto loan (which is now paid off and was never late on payments 1995-2010)
I kept my school loan, which has $10,000 left - make payments of $200 per month
I have had no credit cards, etc in the past 3 years. I wanted to get used to living on a budget and pay my bills in real time.
The accounts that I paid in full in 2009 are still on my credit report as closed, but listed as potentially negative, which i'm know will be there for a minimum of 7 years.
NOW:
Its now time for me to build my credit.
I opened a $300 credit card with Orchard Bank. Have had it for 6 months. Always pay on time and keep the amount I spend to around $100.
I also have my shcool loan ($10,000), which has been current since Jan 2009. Prior to that I was only late twice from Jan 07-Jan 09.
Otherwise i have no other debt.
I could really use some advice on how to build my credit in a responisble way.
Goals:
Short term goal - 660 (maybe 6 months? is this possible?)
Long Term goal - 700+ (maybe withing 2 years? is this possible?)
Thanks in advance for your help.
Keith
Starting Score: Sept. 2012 EX 601; EQ FICO 603; TU FICO 607