topic Re: New Member in Rebuilding Your Credit

New Member

Anonymous — Mon, 10 Nov 2014 20:37:54 GMT

Hello!

I would love some advice on how to raise my scores...I'm not sure if I'm actually doing it right but here are the scores..TU: 660, EQ:518, EX:619. I have one credit card the limit is $200 and the current balance is $0, I have a car loan of $15,000 and $200,000+ student loans in deferment of course. I have one collections and a charge off that I am currently working on now (wrote a pdf for both) and two late payments on car from last year -I wrote gw letters to have this removed.

Any advice on what to do from here....

Re: New Member

Anonymous — Mon, 10 Nov 2014 21:56:32 GMT

I would honestly get another credit card , secured if you have to.,.. also believe it or not having a 0 blance is pulling your score down. you should carry $10 balance.

Re: New Member

Anonymous — Mon, 10 Nov 2014 22:48:21 GMT

Great! Thanks for the advice.

Re: New Member

RobertEG — Tue, 11 Nov 2014 18:14:54 GMT

Since you have a charge-off that is unpaid, the usual next step is for the creditor to recoup a bit more of the delinquent debt by sale to a debt collector, thus resulting in the addition of a collection.

That account would most likely be my priority, not to improve currernt score, but to prevent additional damage.

You might wish to consider payment if they balk at a PFD,