topic Re: Advice on score boosting needed in Rebuilding Your Credit

Advice on score boosting needed

Anonymous — Thu, 11 Apr 2013 23:49:28 GMT

Now that all my negative trades have all been paid, I'd like to start trying - somehow - to boost my scores. All three reports are not identical though. Below is where I am at on my reports and my scores. I would love some advice on whether (1) is my only option to wait for the bad trades to fall off, (2) should I try to apply for more credit to approve my "mix", (3) try to get a new higher limit card or CLIs, or (4) try to gw the bad ones to have them removed.

Thanks so much for any responses!

TU myfico score: 690

EQ my fico score: 608

Ex fako score: 552

Below is the my credit summary. My open accounts are:

Four CCs (all with a 0 balance and no lates)

First Premier - $450 cl

Rewardzone MC- $300 cl

Capital One - $500 cl

Chase Amazon - $400 cl

Student Loans (deferred till 2015)

TU EX EQ

Total Accts: 9 14 14

Open Accts: 5 5 5

Closed Accts: 4 9 9

Delinquent: 0 0 0

Derogatory: 2 5 6

Public Records: 3 3 3

Inquiries (2 years): 4 6 8

Re: Advice on score boosting needed

DiabolicallyRandom — Thu, 11 Apr 2013 23:54:34 GMT

I would get to GW'ing as many of those derogatory accounts away as possible. Even if collections are paid, FICO still scores them the same. How long have you had your open accounts? I think 4 is a good number of revolving accounts. It may just be that they need to age a bit.

Re: Advice on score boosting needed

Anonymous — Fri, 12 Apr 2013 01:05:25 GMT

Thanks for your response.

I was thinking of GWing, but from what I read on here, these collections are not so easy. They are Ford Credit, Cavalry, ACB Receivables (medical) and Payliance. If anyone has experience with those - please share.

The age of my CCs are:

First Premiere - 4 years

Cap. One - 2 1/2 years

RZ MC - 2 1/2 years

Chase - new last month

Re: Advice on score boosting needed

Anonymous — Fri, 12 Apr 2013 18:49:30 GMT

I just mailed GW letters for 3 medical collections with ACB and one collection with payliance. I pray they work!

Re: Advice on score boosting needed

Countingpennies — Fri, 12 Apr 2013 19:01:26 GMT

You mentioned 3 PRs, what are they? That could be a biggie.

Re: Advice on score boosting needed

Anonymous — Sat, 13 Apr 2013 14:56:03 GMT

They are paid, but won't come off for some time. There is one from 2011 and 2 from early 2012.

Re: Advice on score boosting needed

Anonymous — Sat, 13 Apr 2013 15:00:27 GMT

Yeah, but what are they? Tax liens, debt judgments? In some states it might be possible to have them vacated...

Re: Advice on score boosting needed

Anonymous — Mon, 15 Apr 2013 17:19:19 GMT

Oh! They are all in NJ. All debts (one medical, one ford, and one ca).

Re: Advice on score boosting needed

Anonymous — Wed, 17 Apr 2013 00:12:34 GMT

Bump please

Re: Advice on score boosting needed

Anonymous — Wed, 17 Apr 2013 00:44:52 GMT

Look at your state statutes and see if they vacate judgments based on satisfcation.

Re: Advice on score boosting needed

750orbust — Wed, 17 Apr 2013 03:34:52 GMT

You also mentioned that all of your revolving accounts have zero balances. Let one of those accounts report a balance between 1-9%. This way Fico will see that you are actually using your available credit but doing so responsibly. That's one of the easiest things you can do with your particular circumstances since you're in total control of it. It may not help a lot but its one more step in the right direction.