topic Re: Help need advice! in Credit Cards

Help need advice!

Anonymous — Mon, 04 Nov 2013 08:09:53 GMT

So confused. My fico says TU 650-EQ 653 Exp 670, Just learning about fico, Always thought credit scores were what it was about ,Im young ,have mortg with chase since 1/13,Small limit cap one cards, one is $ 750 one is $350, zales/Citibank $ 950,well Fargo auto high 18k now 14k.One medical bill in collection being disputed was paid by insurance. I need home improvement card for appliance and general things like tile,etc. I don't know is it better for me to try to get a lowes or home depot card or what kind of card? My utilization is 23%. I can't seemed to get approved for any card that has a decent limit. Can't raise my credit scores past 675 for some reason... Haven't applied for anything since my mortgage left me with a lot of inquiries.FRUSTRATED BIG TIME..I have inquiries I never applied for...Please help any info appreciated.

Re: Help need advice!

09Lexie — Mon, 04 Nov 2013 08:55:32 GMT

Welcome to the forum. We will try to help you but first there are some questions.

1. How many inq and on which bureaus?
2. Besides the CA, what other derogs do you have?
3. Which cards are carrying balances?
4. How long have you had each card?
5. What do you mean by inq's for accts you never applied for?

Re: Help need advice!

Anonymous — Mon, 04 Nov 2013 09:24:43 GMT

Capital one auto financing,and several others car financing co ,but the dealer where I bought my truck said they did those when they were trying to get my car loan. and jcp inq I never applied for,I did get a pre approval letter from jcp 2 wks ago..10 yrs ago I had 5 late pmts on student loan..wised up its all paid off now but still shows on credit.Zero bal but late mats show. Capital one card since 2009, the other cap one card was originally orchard bank just a 300 card but they got bought by cap one. Inq when trying to buy my home are one there but I did get a loan from chase so I didn't now it would drop my rating, Equifax has Hard inq and TU has hard from banks and settlement one? from back when I was purchasing my home.I had w other NCO collections and a bank acct on my credit 3 yrs ago but they weren't mine and the were all deleted.Sorry if I missed anything u asked for thank u for replying

Re: Help need advice!

Anonymous — Mon, 04 Nov 2013 09:29:37 GMT

oh sorry finger hut i left out ,its a bal of 832 and 122 on a cap one card. i have had fingerhut for 5 years ,never been late.there interest is outrageous though.

Re: Help need advice!

09Lexie — Mon, 04 Nov 2013 21:28:32 GMT

You might be mixing hard inq with soft inquiries. It is difficult to tell ...try this, separate your responses by numbering them to make it a little easier to follow.

How many inq and on which boards?

Settlement one is that a collection account? If so, how old is it and what is the balance?

I'm not clear on the bank account or NCO collections from 3 years ago. Can you elaborate?

Re: Help need advice!

Anonymous — Mon, 04 Nov 2013 22:26:08 GMT

Thanks for the reply. The settlement one is a hard inquiry that the mortgage broker used to pull our credit .Its a company out of California nobody or no company that I owe. The bank account I was referring to NCO are things that belonged to another person with my same name. They were collections and I disputed them and all 3 bureaus removed them. I will have to look at the hard and soft inq. Im not sure if I know how to tell the difference.

Thanks again

Re: Help need advice!

too-much-time — Mon, 04 Nov 2013 22:41:37 GMT

@Anonymous wrote:
... One medical bill in collection being disputed was paid by insurance. ... I can't seemed to get approved for any card that has a decent limit. Can't raise my credit scores past 675 for some reason...

I'll ask you no questions, but simply reference that it's hard to get past about 675 until the last baddie has fallen off. Sorry.

Re: Help need advice!

SunriseEarth — Mon, 04 Nov 2013 22:57:29 GMT

@Anonymous wrote:
Thanks for the reply. The settlement one is a hard inquiry that the mortgage broker used to pull our credit .Its a company out of California nobody or no company that I owe. The bank account I was referring to NCO are things that belonged to another person with my same name. They were collections and I disputed them and all 3 bureaus removed them. I will have to look at the hard and soft inq. Im not sure if I know how to tell the difference.
Thanks again

HPs would be under sections with headings like "Regular Inquiries" or "Inquiries Shared with Others." SPs would have heading like "Promotional Inquiries," "Account Review Inquiries," "Inquiries Shared Only with You," and even "Inquiries that Do Not Impact Your Credit Rating"

Re: Help need advice!

Anonymous — Mon, 04 Nov 2013 22:59:43 GMT

Your honesty is deeply appreciated. . It definitely says 12 hard inquiries and there from in 2011 when I was car shopping after a tornado hit our town and I had to buy another vehicle. I guess the one dealer I went to sent my application to every finance place they had. Wells fargo financed my truck. So I guess after looking..heres the real deal..I left out some info

Loans chase-97,252 home mortg

wells fargo-14,692

security finance-1298

5 cc-webnk/fhut -823bal - 1350 limit

credit one bank -122 bal 550 limit

cap one- 0 bal only 300 limit

cap one-0 bal only 750 limit

zales/cbna-0 bal 950 limit

all pd no late pymts showing

owe 945 in cc total

24% util ?

i acct in collections- medical $225

Re: Help need advice!

Anonymous — Mon, 04 Nov 2013 23:02:40 GMT

Ok thank you I will look at the inq part again..thanks for the patience!

Re: Help need advice!

09Lexie — Mon, 04 Nov 2013 23:36:52 GMT

Is the security financial an installment loan?

Re: Help need advice!

SunriseEarth — Mon, 04 Nov 2013 23:50:11 GMT

@Anonymous wrote:
Your honesty is deeply appreciated. . It definitely says 12 hard inquiries and there from in 2011 when I was car shopping after a tornado hit our town and I had to buy another vehicle. I guess the one dealer I went to sent my application to every finance place they had. Wells fargo financed my truck. So I guess after looking..heres the real deal..I left out some info
Loans

chase-97,252 home mortg
wells fargo-14,692
security finance-1298
5 cc-

webnk/fhut -823bal - 1350 limit
credit one bank -122 bal 550 limit
cap one- 0 bal only 300 limit
cap one-0 bal only 750 limit
zales/cbna-0 bal 950 limit
all pd no late pymts showing
owe 945 in cc total
24% util ?
i acct in collections- medical $225

INQs should fall off your CRs in 2 yrs and should no longer impact your CRs after one year.

FWIW, the overall UTIL isn't too bad, but the UTIL on the Fingerhut TL is over 60%. You'd probably see a score boost if you worked on pushing that down.

As for the collection, you should look on the "Rebuilding" board for how to handle that. They'd probably suggest any range from ideas from DV to HIPAA (since it's medical) to other methods of dispute.

Re: Help need advice!

Anonymous — Tue, 05 Nov 2013 01:32:51 GMT

Thank you so much!!!! ALL OF YOU :!!