topic Re: any more ideas? in Rebuilding Your Credit

any more ideas?

Anonymous — Sat, 11 Oct 2008 16:57:32 GMT

Hello everyone!

New to these forums 21 here made BIG mistakes with my credit but now I know better here is my question, is there anything else I can do to improve my score, they are all pretty low, I started to repair about 5 months ago, I have 2 things in collection and I have and two credit cards that were closed due to late payment, im now up to date on those cards and paying the balances on them down. I have Lexington working on getting to collection accounts deleted and the lates on my credit report. Im also working on getting some inquiries deleted from my report because Lexington doesn’t handle that. I just got a new credit card, not going to use it, just trying to get some positive things reporting, so is there anything else I should be doing, I don’t know what else to do, I’m just trying to get things right by the end of next year.

Re: any more ideas?

Anonymous — Sat, 11 Oct 2008 17:12:47 GMT

Are the inquiries yours?

What positives do you have on your report?

Re: any more ideas?

ralbusta — Sat, 11 Oct 2008 17:21:02 GMT

Step 1-- Dump Lexington!! There is nothing that they do that you can't do yourself for free.

Step 2-- Good job getting the card, but it won't help you unless you use it! Just charge a small amount each month and pay in full each month and it'll help get your score up so you can..

Step 3-- Get another card and maybe a store card, use then the same as above so you can get some positives reporting.

Step 4-- Write some GW letters to your cards that you brought current to see if they will remove the lates.

Step 5--Check the stickied thread on how to deal with the collections and you're on your way and

Never be late again!

Good Luck!

Message Edited by ralbusta on 10-11-2008 11:21 AM

Re: any more ideas?

Anonymous — Sat, 11 Oct 2008 17:17:10 GMT

Out of the 11 inquiries I only recognized about 4 of them the rest I have no clue, the only positive thing I have is a car loan that I have out, paid on time every month, the deal with the credit cards is this I had one for Wal-Mart that was late but then I paid off the balance in full, WaMu has lates and is closed but its being reported as “paid or paying ad agreed” same with my chase.

Re: any more ideas?

Anonymous — Sat, 11 Oct 2008 17:37:13 GMT

Is the Wal-Mart card open or closed?

On the two closed cards, when were the lates, how many, and how severe?

On open accounts with lates, you want to send a GW letter.

On closed accounts with lates, you can send GW letter, but some creditors find it easier to remove the whole account instead of just the lates. This could hurt more than help.

Are there any signs of ID theft on your reports. With 7 unknown inquiries, I'd be concerned.

Are these hard or soft?

Have you sent the non-PP letter to the companies or contacted the companies making the inquiries?

Are the companies credit grantors or collection agencies?

Message Edited by sidewinder on 10-11-2008 12:37 PM

Re: any more ideas?

Anonymous — Sat, 11 Oct 2008 17:49:46 GMT

All 3 of my cards were closed by grantior, the walmart was lost/stolen I don’t really know I was sick for awhile, (that’s y im in this mess) so I paid that in full after it was closed and it has a zero balance. The Chase and the Wamu im payinig the balances on those down.