topic Re: I'm ready to make changes. in Rebuilding Your Credit

I'm ready to make changes.

Anonymous — Sat, 22 Nov 2014 05:45:55 GMT

Hello all,

So back in 2003-2006 I ruined my credit with 3 cards being young and ignorant.

One was paid off, one was charged off and recently fell off my report. The last one also appears to have fallen off my report, but I settled with the collector for and just finished paying it.

9 months ago I got a Capital One Secured Card with $300 limit. Always paid on time full balance. No issues.

I recently got a preselected BOA card and was approved with $1800 limit. Also got a Capital One Quicksilver with $500 limit.

I have 2 student loans ...both total about 10k. They were severely behind but I was able to rehab them and have been on time never late for over 2 years. I believe they were transferred to Aspire and another company.

Lastly I have 11 collections accounts ( all medical bills half from 2011 and other half from this year) for a few major surgeries to rebuild my leg. They total $1500

My CS score is in the 590s. I have a steady job of 6 years and pay low rent.

What steps can I take to increase my scores? I want to take on an auto loan in my name (current is in parents) and move some utility accounts into my name now that I'm rebuilding.

Sorry for being long winded. Hoping for any help.

Re: I'm ready to make changes.

Anonymous — Tue, 25 Nov 2014 18:20:13 GMT

Moving the utilities into your name would be a good step. Also the auto loan would help, but with your present score your interest will be higher than most - 10%+ range.

Work on getting the collections cleared. PFD the ones that are unpaid and ask for GW removals of the ones that are paid.

Re: I'm ready to make changes.

Whitneyy — Tue, 25 Nov 2014 20:38:02 GMT

@Anonymous wrote:
Moving the utilities into your name would be a good step. Also the auto loan would help, but with your present score your interest will be higher than most - 10%+ range.

Work on getting the collections cleared. PFD the ones that are unpaid and ask for GW removals of the ones that are paid.

Utlities don't post to your credit. Unless of course, you don't pay them.

But otherwise, I agree with everything else you've said.