Valued Member
changeisvital
Posts: 45
Registered: ‎12-05-2012
Starting over...NEED help

I have been so inspired by the blogs in this forum that I am committed to starting over and rebuilding my credit. The only problem that I am having is that I have several late payments showing from Santander in the last 24 months. How should I go about sending my GW letter, mail or email? What exactly should I be asking for? I have read on some of these forums that Santander is good about deleting late payments for their customers. Also, I am going to pay my car off by the end of Dec., should I send the GW letter before or after I pay the car off? 

 

I just got a secured credit card through my credit union (Vystar) for $1000 with a 13% APR. My plan is to get another secured card from BofA in the beginning of Jan. I have no other active credit cards or revolving CL's.

 

 

 

 

Starting FICO: 495 EQ 

Goal Score: 640s (to start) 

 

 

 

 

 

 


Starting Score: 495 (12/2012)
Current Score: 520 (01-06-2013)
Goal Score: 680


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Valued Contributor
annielorie
Posts: 1,207
Registered: ‎02-19-2012
Re: Starting over...NEED help

Both email and mail this is the giving and caring season. Yes on the Bank of America as Fico gives top points with two or more cc's besides Santander lates any other derogs and how old os your oldest account


Starting Score: 0
Current Score: TR??FICOEQ ?? FICO
Goal Score: 760

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Valued Member
changeisvital
Posts: 45
Registered: ‎12-05-2012
Re: Starting over...NEED help

I have some older CA accounts and CO's. I do not have any other active accounts with dergo's.


Starting Score: 495 (12/2012)
Current Score: 520 (01-06-2013)
Goal Score: 680


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Valued Contributor
annielorie
Posts: 1,207
Registered: ‎02-19-2012
Re: Starting over...NEED help

Are they paid?


Starting Score: 0
Current Score: TR??FICOEQ ?? FICO
Goal Score: 760

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Chase freedom 800 Never take NO for an answer!!
Valued Member
changeisvital
Posts: 45
Registered: ‎12-05-2012
Re: Starting over...NEED help

No they are not. I am just starting this journey. From what I have read, it's best to begin with the letters i.e. DV, PFD, etc.


Starting Score: 495 (12/2012)
Current Score: 520 (01-06-2013)
Goal Score: 680


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Valued Contributor
annielorie
Posts: 1,207
Registered: ‎02-19-2012
Re: Starting over...NEED help

Yes this is a great time for PFD. Persistence is key. Do not admit to debt but inquire about PFD after verified through CRA cause if they are that old the reporting CA may not own the debt anymore. How many CO and with whom and what is the DOFD's


Starting Score: 0
Current Score: TR??FICOEQ ?? FICO
Goal Score: 760

Lowes7,000 Discover More 2800. Jcpenny 6,000
Chase freedom 800 Never take NO for an answer!!
Valued Member
changeisvital
Posts: 45
Registered: ‎12-05-2012
Re: Starting over...NEED help

I have 3 CO's and none of them SOL will be up until 2015.


Starting Score: 495 (12/2012)
Current Score: 520 (01-06-2013)
Goal Score: 680


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Valued Contributor
annielorie
Posts: 1,207
Registered: ‎02-19-2012
Re: Starting over...NEED help

I would verify one at a time. They may not be still with that CA that is reporting but also word of caution when you start have the funds available to Pay in full so you dont triigger a lawsuit.


Starting Score: 0
Current Score: TR??FICOEQ ?? FICO
Goal Score: 760

Lowes7,000 Discover More 2800. Jcpenny 6,000
Chase freedom 800 Never take NO for an answer!!
Valued Member
changeisvital
Posts: 45
Registered: ‎12-05-2012
Re: Starting over...NEED help

Thank you for the advice! I will definitely make sure I have the funds before I contact the companies.


Starting Score: 495 (12/2012)
Current Score: 520 (01-06-2013)
Goal Score: 680


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Established Contributor
jadeite788
Posts: 510
Registered: ‎09-25-2009
Re: Starting over...NEED help

Rumor has it Santander might be in a class action lawsuit.  I can't say more .  I am also in the midst of paying off my car loan from Santander this month , however I have errors on my account.   But its good to start out with GW.  The credit card is a good start, it raised my credit score instantly.  You are lucky, my credit limit is at $500.00. 


Starting Score: 565
Current Experian Score: 634 (Lender pull)
Current Equifax Score: previous 668, 680 as of 11/12/13 lender pull
Current Transunion Score: previous 675,677 as of 09/23/13
Goal Score: 750

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