topic Re: I need help in General Credit Topics

I need help

Anonymous — Thu, 19 Feb 2015 22:00:09 GMT

I'm not sure if I am posting in the right place or not but I just got my fico scores from here and they were eq 609 tu 611 ex 598. I have a capital one secured card with 200 dollar limit and one coll account for a medical bill for 485 dollars. That I just paid off and an wondering what that will do for me since it is being completely removed from my credit. Also a frontier bill for 380 that says is deliquent . I haven't paid it on 2 years. I opened my secured card in July 2014 and haven't missed a payment and almost always have utilization under 10%. I just feel like I am not getting anywhere and I want to get a new noon secure card with a higher limit but I get denied for everything. I have 5 inquirys

Re: I need help

tonyjones — Thu, 19 Feb 2015 22:11:38 GMT

@Anonymous wrote:
I'm not sure if I am posting in the right place or not but I just got my fico scores from here and they were eq 609 tu 611 ex 598. I have a capital one secured card with 200 dollar limit and one coll account for a medical bill for 485 dollars. That I just paid off and an wondering what that will do for me since it is being completely removed from my credit. Also a frontier bill for 380 that says is deliquent . I haven't paid it on 2 years. I opened my secured card in July 2014 and haven't missed a payment and almost always have utilization under 10%. I just feel like I am not getting anywhere and I want to get a new noon secure card with a higher limit but I get denied for everything. I have 5 inquirys

1. Your collection account for $485 will update as paid which FICO doesn't care. You will get no boost in score for this, FICO score treats unpaid collection the same as paid and it will not fall off your CR until 7.5 years from DoFD.

2. Your one revolving account (CapOne secured) is still too new, you'll have to let it age more. I'd recommend trying to get 1-2 more credit cards.

3. Your frontier collection is hurting your score also, you will just have to wait for this to fall off.

Are both the collections you have on your CR recent? What are the DoFD?

Re: I need help

Anonymous — Thu, 19 Feb 2015 22:46:57 GMT

The coll account for 485 is going to be deleted from my credit history. Is that really not going to boost my score?

Re: I need help

Anonymous — Thu, 19 Feb 2015 22:50:37 GMT

The 485 coll is from may 2014 and the frontier account for 380 is listed as a revolving account opened in June 2012 also the frontier account only lists on eq and ex

Re: I need help

tonyjones — Thu, 19 Feb 2015 23:07:58 GMT

@Anonymous wrote:
The 485 coll is from may 2014 and the frontier account for 380 is listed as a revolving account opened in June 2012 also the frontier account only lists on eq and ex

They both have to be deleted to really have a impact on your score, having one baddie is pretty much the same as having two. When my public record was removed from my CR, I saw 0 increase since I still had a paid collection.

Re: I need help

Anonymous — Thu, 19 Feb 2015 23:42:37 GMT

Yes but that 485 coll acct is the only baddie on tu at all and the only other thing is my credit card that is always paid on time. So there won't be anything else negative on tu. Also I can't get a card anywhere that isn't secured. I stopped trying about 4 months ago thinking that when I got rid of coll account I should try again.

Re: I need help

tonyjones — Thu, 19 Feb 2015 23:44:05 GMT

@Anonymous wrote:
Yes but that 485 coll acct is the only baddie on tu at all and the only other thing is my credit card that is always paid on time. So there won't be anything else negative on tu. Also I can't get a card anywhere that isn't secured. I stopped trying about 4 months ago thinking that when I got rid of coll account I should try again.

ah okay well then on TU you should see a big score boost once that falls off. I would then apply for CapOne Quiksilver or Platinum card.

Re: I need help

Anonymous — Thu, 19 Feb 2015 23:51:21 GMT

Okay thanks. I will do that then it should be removed in the next week so hopefully I get a nice boost because I always just get instantly declined for everything. Even a Walmart card or best buy. I just don't get it. Everyone else I know has one and they never pay their bills :/

Re: I need help

Pway — Fri, 20 Feb 2015 05:25:16 GMT

You scores look strong enough to apply for another capital one card. They seem to be more friendly of getting approved for their credit cards. I would do the pre-qualifier and see what you get. The quicksilver one and the platinum are good cards for rebulding.

Re: I need help

Anonymous — Fri, 20 Feb 2015 05:36:03 GMT

my score was in the mid 500 and i got 2 secured cards to rebuild, boa/cap 1. i would suggest getting the boa secured card.

Re: I need help

Anonymous — Fri, 20 Feb 2015 13:21:03 GMT

After its removed from TU making it clean, try for a Barclaycard.

Re: I need help

Anonymous — Fri, 20 Feb 2015 15:15:32 GMT

I can't pre qualify because I am 20 not quite 21 yet