topic Re: 2nd Month Rebuilding Progress Report in Credit Cards

2nd Month Rebuilding Progress Report

Anonymous — Fri, 12 Feb 2016 08:12:39 GMT

Starting Point:

EQ 599
TU 576
EX 580

Actions:
AT & T Collections - $120 -DELETED
Verizon FIOS collections - $880 - DELETED
Verizon FIOS collections - $475 - DELETED
Federated collections (utility bill apartment complex) - $127 - DELETED
US Dept of Education AFSA (1) - 120 day lates - DELETED
US Dept of Education AFSA (2) - 120 day lates - DELETED

US Dpt of Education Nelnet (1) 120 day lates - PENDING
US Dpt of Education Nelnet (2) 120 day lates - PENDING
US Dpt of Education - Defaulted loans (4 in total) - Mailed Rehab financial disclosure paper work - AWAITING RESPONSE

Overpayment Collections (Alleged) - PENDING DISPUTE

New Accounts (opened Dec 2015/ Jan 2016)

Capital One QuickSilver - $300
Capital One QuickSilver One - $500
Amazon - $800
FingerHut - $400
Victoria's Secret - $250
NY & Co - $250
Limited - $150

Scores as of this morning

EQ 617

TU 645

EX 601

So yeah I got just a little "shopping cart" happy. It's kind of addicting

So what do you guys advise that I do now? Also, WHY in the WORLD is Experian so stubborn

Re: 2nd Month Rebuilding Progress Report

Mattopotamus — Thu, 11 Feb 2016 19:54:28 GMT

It is not that Experian is stubborn, but different cards will pull different reports....some all 3, some only 1. For example, if all of those cards pulled your experian report that will be a lot of hard pulls and could explain the difference in score.

Re: 2nd Month Rebuilding Progress Report

Anonymous — Thu, 11 Feb 2016 19:56:10 GMT

That's AWESOME progress in a short time!!!

Thanks for sharing DustStorm.

Re: 2nd Month Rebuilding Progress Report

Anonymous — Thu, 11 Feb 2016 20:03:53 GMT

Im sorry you guys, I meant to post this under the Rebuilding forum not the Credit Card forum ....oops

Re: 2nd Month Rebuilding Progress Report

Anonymous — Thu, 11 Feb 2016 20:11:51 GMT

Mattopotamus

You are right. I just figured I would do them all at once if I was going to take a hit for the pulls. I don't plan on doing anything new for the rest of the year pretty much.

Re: 2nd Month Rebuilding Progress Report

Anonymous — Thu, 11 Feb 2016 20:29:30 GMT

Excellent progress on your rebuild. What should you do? I would head over to the garden and start thinking about things to plant. I think it's important to give your credit profile time to rebound from all of the recent activity. I noticed you still have some things pending, so you can garden while you wait, in addition to, working on any other baddies. Continued success on your rebuild.

Re: 2nd Month Rebuilding Progress Report

Anonymous — Fri, 12 Feb 2016 18:51:34 GMT

Yeah I probably need to migrate over to the garden. Thats going to take some will power. Itchy trigger finger.

Re: 2nd Month Rebuilding Progress Report

Anonymous — Fri, 12 Feb 2016 11:56:30 GMT

I'm curious about the quicksilver card you had... With your scores, did you have a hard time getting it? And, why do you have both the quicksilver and quicksilver one?

Re: 2nd Month Rebuilding Progress Report

Anonymous — Fri, 12 Feb 2016 12:06:09 GMT

@Anonymous wrote:
I'm curious about the quicksilver card you had... With your scores, did you have a hard time getting it? And, why do you have both the quicksilver and quicksilver one?

I believe DustStorm had the QS1 & Platinum originally from Cap1 and PC'd the Plat. to the QS after 2nd statement (that is the way you're supposed to do it) to get that card out of the sub-prime catagory. The QS1 can then be combined into the QS after both cards reach 6mnths.

A TU score in the high-mid 500's and above has a good chance of approval for both cards. But as always YMMV. It will depend on what you have in your report. No bad history with Cap1 for 1yr or longer.

Re: 2nd Month Rebuilding Progress Report

Anonymous — Fri, 12 Feb 2016 13:27:43 GMT

I see! Not to derail, but my wife is in a similar situation. But she has 1 collection still on her account. It's about to come off, and I'm not exactly sure when it was put on there.

I put her as an AU on my double cash and BCP card and it's helped. We paid off her debts she owed and reduced her utilization to 1%, from my cards we use.

Credit Karma gives her a TU of 641 and EQ of 655.

I'm wondering if we should try the QS1 and Platinum card deal. With Cap1 you can get multiple apps with 1 hp?

I was going to wait until April though. She has 2 inquiries from 14 dropping off then which would put her at 1 for TU and 3 on EQ...

Sorry to hijack op, just figured it was appropriate to ask here, rather than start a new thread

Re: 2nd Month Rebuilding Progress Report

Anonymous — Fri, 12 Feb 2016 13:32:49 GMT

@Anonymous wrote:
I see! Not to derail, but my wife is in a similar situation. But she has 1 collection still on her account. It's about to come off, and I'm not exactly sure when it was put on there.

I put her as an AU on my double cash and BCP card and it's helped. We paid off her debts she owed and reduced her utilization to 1%, from my cards we use.

Credit Karma gives her a TU of 641 and EQ of 655.

I'm wondering if we should try the QS1 and Platinum card deal. With Cap1 you can get multiple apps with 1 hp?

I was going to wait until April though. She has 2 inquiries from 14 dropping off then which would put her at 1 for TU and 3 on EQ...

Sorry to hijack op, just figured it was appropriate to ask here, rather than start a new thread

12RingKing,

Start a new post in "Rebuilding" and title it "QS1 and Platinum card deal".

I'll reply there with more details.

Re: 2nd Month Rebuilding Progress Report

OmarGB9 — Fri, 12 Feb 2016 13:47:38 GMT

Grats

Re: 2nd Month Rebuilding Progress Report

EdMan63 — Fri, 12 Feb 2016 15:16:13 GMT

Nice job!!!

Re: 2nd Month Rebuilding Progress Report

Anonymous — Fri, 12 Feb 2016 19:08:22 GMT

I kept receiving pre-approved offers in the mail from CapOne. I was initially pre-approved for a Platinum. A couple of weeks later I went back to CapOne pre-approval site out of curiosity and was approved for the Quicksilver One. As SkyBuilder explained, I later upgraded (via online chat) the Platinum to Quicksilver rewards.

What is a smart move when it comes to opting in/out of pre-screened/pre-approved promotions and stuff? Specifically while gardening? I will be gardening while straightening out my student loan mess. If rehab will take 10 months or so, I might as well use that time to garden.

Is there any point in staying opted in? Are the offers a way to gage where your credit stands? By the types of offers you receive? (Already asked on the other board) Opinions?