Re: Our Credit Rebuilding Journey-Pl
01-21-2013 10:08 AM
Making steady progress! I absolutely love that we applied for credit and were approved. I plan to garden the new accounts, keeping utlization low. Continue to build savings...$12,000 saved in 1 year, plus 3000 or so in debt that we paid off. Plan is to save at least that much this year and possibly more since we do not/will not have debt to pay off.
Goal is 67k saved by June 2015. 60k for downpayment and 7k for closing or whatever else may occur.
I originally had 5 collections, 2 chargeoff's and 1 auto loan with lates
Therefore I have 5 negatives left on my credit report: (2 CA's, 2 CO's, 1 auto loan with lates)
Creditor Name: AFNI
Original Creditor Name: AMP D MOBILE
Amount: 1044 set to fall off 6/2014
Creditor Name: MIDLAND FUND
Original Creditor Name: CAPITAL ONE BANK USA N A
Amount: 1515 set to fall off 5/2015
2 charge offs Credit card accounts from HSBC(2004)set to fall off 7/2014 and CAP1(2003) set to fall off 5/2015 various 30,60,90,120 lates in 2007-before that good history
I had a car loan 6/2005-6/2010 with (9) 30 days late (3)2010 (5)2009 (1)2008 all positive before
I have one current auto installment loan current/never late as of 6/2011- refied to a lower rate still current
Jcpenny(2001) 0/1000 Never Late
CreditOneBank (2009) 0/900 Never Late increase of 150 about to cancel this card once my Citi AU ages a year
Best Buy MC (2011) 0/500 Never Late
Macys (2006) 0/2700 Never Late
Capital1 (2012) 0/1000 Never Late
Lane Bryant (2012) 0/500 Never Late
Walmart (2012) 1000/3000
Citi (AU-Hubby) 0/4200-not reporting yet but will be soon!
Total utlization ~10% (without Citi) will be 7-9% by Feb...where it will stay!!!!!!!
SO here is the plan for me:
-Pay for delete Midland and AFNI---Still working on this May Possibly pay and then just goodwill we shall see.
Pay down CC to 9%- raise all credit limits with soft pulls ROCKIN" THIS!!!!!!!!
-Goodwill chargeoffs and auto loans---taking a break from this for a while since it's not working!!!
Now for my hubbies:
He originally had 8 negative/collection acts and 2 Chargeoffs:
and as of 12/15/12 He will only have a HSBC chargoff!!! I got the rest off with some PFD and DV's!!!
I've added him to 3 of my oldest cards
Walmart (2012) 0/400 Never Late
Ge Amazon (2013)1700
Ge SleepTrain(2013) 3000
SO here is the plan for hubby:
Garden his accounts and make sure utilzation is under 9% which will make his score go up!
Lender Pull 7/10/2012 EQ 585 EX 617 TU 551
8/2012 MyFico EX 598 01/2013 EX 608 2/2013 EX 620 )
9/12/2012 624 (Fico Discover)
02/7/2013 660 (Fico Wally)
At least I'm heading in the right direction!!!
Goal Score:740+, home loan and Get rid of subprime cards!!!