topic Re: TT with a FICO of 723 and now thinking of CC but have negatives on the report in Credit Cards

TT with a FICO of 723 and now thinking of CC but have negatives on the report

Anonymous — Thu, 15 Oct 2009 15:43:21 GMT

New here and it is my second day. I was surprised to have a 723, Last year I got a sub-prime card and been paying on for 10 months. But I have a collection ( 2007 ) and a judgement (1996) and some 30 days past due like 13 and one 60 late (2005) on my report,. What I read it is it is sometimes to let sleeping dogs lie. So of course I would like to improve my score. So I was thinking of getting a credit card. Would that be an easy next step but I have many negatives. I owe less then 1 % of credit. The sub-prime credit limit is 6 K and I have a balance of $20. Just a thought, should I apply for a credit card and if so who would accept me?

I have not started to correct my credit report. Like the 13 late 30 days and the one 60 late was due to a court order on a rent to own where my renter payed the mortage. Do you think appling for a credit card is a good next step?

Please advise.

Regards, Mike

Re: TT with a FICO of 723 and now thinking of CC but have negatives on the report

DI — Thu, 15 Oct 2009 15:51:47 GMT

@Anonymous wrote:
New here and it is my second day. I was surprised to have a 723, Last year I got a sub-prime card and been paying on for 10 months. But I have a collection ( 2007 ) and a judgement (1996) and some 30 days past due like 13 and one 60 late (2005) on my report,. What I read it is it is sometimes to let sleeping dogs lie. So of course I would like to improve my score. So I was thinking of getting a credit card. Would that be an easy next step but I have many negatives. I owe less then 1 % of credit. The sub-prime credit limit is 6 K and I have a balance of $20. Just a thought, should I apply for a credit card and if so who would accept me?
I have not started to correct my credit report. Like the 13 late 30 days and the one 60 late was due to a court order on a rent to own where my renter payed the mortage. Do you think appling for a credit card is a good next step?

Please advise.
Regards, Mike

Welcome to the forum. Applying for a CC shouldn't be your next step. Before applying for any prime bank cards you should clean up your credit. You would need a minimum FICO credit score of 730 to qualify for the best cards. A 1996 judgment should no longer be reporting. Judgment reports up to 10 years only. You may want to start getting the judgment deleted if it indeed still reporting with all CRA's. Best of luck!!

Re: TT with a FICO of 723 and now thinking of CC but have negatives on the report

Anonymous — Thu, 15 Oct 2009 16:08:51 GMT

Thank you DI, Good info but I think I faired to oint out that I would like a CC. I do not expect to get a prime CC. I do not have one and would like to apply for a CC to have and use wisely. LOL if I do not get the answer I want I ask again. Forgive me as I am Laughting at myself.

Re: TT with a FICO of 723 and now thinking of CC but have negatives on the report

DI — Thu, 15 Oct 2009 16:15:21 GMT

@Anonymous wrote:
Thank you DI, Good info but I think I faired to oint out that I would like a CC. I do not expect to get a prime CC. I do not have one and would like to apply for a CC to have and use wisely. LOL if I do not get the answer I want I ask again. Forgive me as I am Laughting at myself.

Your score is too good for a sub prime card. It just not high enough for a prime card. Have you pulled your free credit reports?

https://www.annualcreditreport.com/cra/index.jsp

Get the judgment off your credit reports. It's 13 years old. Is it a paid judgment?

Re: TT with a FICO of 723 and now thinking of CC but have negatives on the report

Anonymous — Thu, 15 Oct 2009 18:11:53 GMT

DI, Thanks again for your info, But again I want a credit card it is a little complated. The 13 ywar old judgement along with the 13 30 days late involve a rent to own agreement that I had with a renter. Through not going to court they renter got the deed to the house and I will get the advise of a lawyer, when I have the time. I work on ships and travel around the world. Currently I am with my family in the Philippines.

The only card I have is a sub-prime card I can only use to buy e-books. I do not want to do anything without the advise of a lawyer on the judgement. I am from the US and work 6 months a year through a union AMO American Maritime Officers. I figures with all the negatives I have I would like to get one real CC that I can use.

Yes last Nov. I got the 3 free reports. I just got Suze Orman FICO kit and ran TT on 10/14.

I plan on returning to the US in Dec. When I figure I can talk to a lawyer. In the mean time I would like to apply for a CC. I think I will even get a bank loan and secure it with a CD also with the goal to improve my score.

Thank for for all the advise, It is my mistake for not making this more clear ealier.

Mike

Re: TT with a FICO of 723 and now thinking of CC but have negatives on the report

DI — Thu, 15 Oct 2009 18:54:02 GMT

Ok. Try getting a credit card with a credit union first. Maybe at a CU your income will outweigh the derogs currently reporting.

Re: TT with a FICO of 723 and now thinking of CC but have negatives on the report

Anonymous — Fri, 16 Oct 2009 05:28:15 GMT

DI,

I am in the Philippines. That is half way arounf the world. I do thank you for all the advise it is very good and need. I do not think that I can apply to a CU from here. I may be wrong. I am currenly looking for a link and see if WaMu has any instant approval cards. Oh I do not have great income. I have worked 77 days this year and made 33 to 34 K. I may work another 3 week this year or not. But I have few few bills less that $100 a month bills and own my own house. Thank you for your advise and also the time it takes to write it. LOL Can you see that I am trying to force the card thing LOL. Well I hope that you have a sence of humor.

Re: TT with a FICO of 723 and now thinking of CC but have negatives on the report

Anonymous — Fri, 16 Oct 2009 12:08:08 GMT

Why is a 13 year old judgment reporting on your CBR's? A judgment (paid or unpaid) should have aged off after seven years.

WaMu stopped issuing credit cards many months ago. They were taken over by Chase Bank.

Do you have funds available? Could you open a secured card with a deposit?

Do you have a U.S. address? Do you work for a U.S. company?

Re: TT with a FICO of 723 and now thinking of CC but have negatives on the report

Anonymous — Fri, 16 Oct 2009 23:31:21 GMT

Yes I have funds have 10K in a saving accound and would be willing if needed to put up 1K. But do you think that I need to with a TransUnion FICO of 723 ? And Yes I work in the US well kind of I am a Marine Engineer and work on ships that go worldwide. Just got back from the Middle East.

Thank you for your time. Mike

Re: TT with a FICO of 723 and now thinking of CC but have negatives on the report

Anonymous — Sat, 17 Oct 2009 00:17:59 GMT

What exactly is reporting on your CBR. I get the impression from your original report that you have multiple baddies + additional lates reporting. Take a look at my previous post at try to answer the questions I asked. Have a US address could be crucial for you. Is there a CU you could join that services your industry or company?

Re: TT with a FICO of 723 and now thinking of CC but have negatives on the report

Anonymous — Sat, 17 Oct 2009 01:06:44 GMT

Thank you for your time again I will try to cut and past a few items from my report.

Item 1

30 days late 13 times (Oct 2005, Aug 2005, Jun 2005, Mar 2005, Feb 2005, Nov 2004, Oct 2004, Aug 2004, Jul 2004, Jun 2004, Mar 2004, Aug 2003, Jul 2003)

60 days late 1 time (Dec 2004)

Item 2

Collection agency [?] Afni Original balance [?] $102

The above is from Dirict TV from Sept 2007 I would like to get a PFD but the report only gives me the last four number on my account.

Item 3

Here is a judgement Date reported [?] 11/1996 Date complete [?] Not Reported Date verified [?] Not Reported Date paid [?] Not Reported Amount [?]

$3,542

Items 1 and 3 are a result of a rent to own agrement that I ending losing the deed to a house that I need to talk to a lawyer when I return to the US

The pursose of my question was to see if I may get a CC where my FICO is 723 but have old negatives on my report so I wanted a soft pull and to get a CC. Well that is my thought but I have just started here as of 10/14. So any and all advise is appreated. Thank you

I am surprise that I got a 723 FICO but everything is a few years old. I did get a sub-prime CC with a 6K limit 10 months ago. If was to build credit and it has done a great job !

Re: TT with a FICO of 723 and now thinking of CC but have negatives on the report

Anonymous — Sat, 17 Oct 2009 01:25:08 GMT

Well it seems to me that you have a combination of unresolved baddies + many lates. This is not going to help you at all with prime issuers. I think you need to do some work on you CBR's before app'ing. Why is a judgment that old reporting on your CBR? Judgments are only supposed to report for seven years and then fall off. You're going to have to resolve that cable bill, too - hopefully by PFD. You might have to call the collection agency to get the account number. The amount is so small you should not be starting any problems for yourself. Clean up first - app later!

Lack of verifiable employment and US address may also be stumbling blocks.