topic Re: What to do now? in Rebuilding Your Credit

What to do now?

Anonymous — Thu, 05 Jul 2012 18:46:08 GMT

I am stuck on what to do now lol. All my collections are gone, I have two secured CCs(USAA and Cap1) even though only the USAA is reporting now. My only negative account which I can resolve is my student loans and I am in rehab so I have to just wait that out and I guess keep sending GWs to Sallie Mae's for lates that are over 5 years old. So what now? Garden...Just keep increasing my credit limits...? I like seeing progress lol so now I am stuck HELP

Re: What to do now?

Anonymous — Thu, 05 Jul 2012 19:11:33 GMT

Now comes to hardest part... being patient.

Gardening time.

Are your two secured cards recently opened?

Re: What to do now?

Anonymous — Thu, 05 Jul 2012 19:15:44 GMT

@Anonymous wrote:
Now comes to hardest part... being patient.

Gardening time.
Are your two secured cards recently opened?

Yeah I opened them in May so I don't want to open another account anytime soon, though my GF might let me piggyback on her CC that is from 2005

Re: What to do now?

Anonymous — Thu, 05 Jul 2012 19:17:48 GMT

Build your own history.

I know it's hard now to just "sit back", but it happens to everyone at some point.

And btw, gardening IS doing something. It's just not as fun when you are sitting here reading everyone else's approvals while you're just lingering day by day.

But it's like anything else, the first week or two are the hardest... it gets easier eventually. But at this point, you are better off doing nothing other than gardening.

Re: What to do now?

Anonymous — Thu, 05 Jul 2012 19:29:04 GMT

@Anonymous wrote:
Build your own history.

I know it's hard now to just "sit back", but it happens to everyone at some point.
And btw, gardening IS doing something. It's just not as fun when you are sitting here reading everyone else's approvals while you're just lingering day by day.

But it's like anything else, the first week or two are the hardest... it gets easier eventually. But at this point, you are better off doing nothing other than gardening.

Thanks bro, I will just have to do that until I plan on buying a car which wont be until 2013

Re: What to do now?

Duncanrr — Thu, 05 Jul 2012 19:59:55 GMT

Your Cap1 hasn't started reporting yet either ?

Re: What to do now?

Anonymous — Thu, 05 Jul 2012 20:10:33 GMT

@Duncanrr wrote:
Your Cap1 hasn't started reporting yet either ?

Nope! I am guessing by maybe next statement date which is August 5th

Re: What to do now?

Duncanrr — Thu, 05 Jul 2012 20:15:49 GMT

@Anonymous wrote:
@Duncanrr wrote:
Your Cap1 hasn't started reporting yet either ?
Nope! I am guessing by maybe next statement date which is August 5th

My next statement cuts July 24th. So I'm hoping by end of month that it will start reporting.

Re: What to do now?

RobertEG — Thu, 05 Jul 2012 20:52:19 GMT

It will provide multiple revolving. Its inclusion in scoring will help your types of credit. While it might reduce your AAoA, multiple revolving is important to future rebuilding.

Re: What to do now?

proudnavymom — Thu, 05 Jul 2012 20:59:12 GMT

Once Cap 1 starts reporting, check to make sure it is reporting on all 3 CRA's. I got mine in August of last year and it has been reporting on TU and EX, but not EQ. I didn't realize this until January or so. I am currently fighting with Cap 1 and EQ regarding this. Cap 1 says they are reporting it, EQ says they are not. I have disputed with both to no avail. I am waiting for a copy of my CR to come in the mail to send to Cap 1 to show that it is not reporting on EQ.