topic Re: Please Help! in Rebuilding Your Credit

Please Help!

Anonymous — Mon, 29 Jun 2015 15:11:27 GMT

I have been using this forum for a couple of months now and I would like to thank all you for sharing your experiences and valuable insight. I am rebuilding my credit. I have had the misfortune of some medical issue and just now getting back on my feet both mentally and physically. After a botched hysterectomy I have accumulated quite a bit of medical collections and a few from a neck surgery. 15 total and the oldest being 2009. The most expensive one is $608 and the least amount is $30. What do I do to get these things removed. I have a target from 2007 that was bought by Midland Funding both are showing on the credit file. I don't know which way is is up. Her is a snap shot of scores

Eq- 633

Ex- 637

TU- 611

i was recently approved for

Amx Surpass $1k June 4 2015

Rooms to Go (Synchony Bank). June 13 2015. Helping DD with furnishing apt. Balance. 2500 CRB $0 balance. (Guess to new)

I have 30k in student loans

3000k secured cc with $ 2107 balance

78k mortgage balance

Equifax and TransU states the type of credit I have is poor. What does this mean?

AAmex is not showing on CBR yet

where do I start to improve my scores to get a credit increase at the 61 day mark?

i have offers from

Case Freedom

Amx business Gold Premier

Amx green

Citi advantage

4 offers from Capital One - platinum

2 hard inquiries this year in June and 1 last Dec/2014 for installment loan with credit union that's was paid off in 6 months

i haven't had inquiry in 6 years

thanks in advance for you valuable help

Re: Please Help!

icyhot — Mon, 29 Jun 2015 15:43:49 GMT

You can contact the collection company and see if you can pay them off to be deleted. If the lowest one is $30 I wouldn't let those linger. If the highest one is only $600 then you seem to be in good shape if you can pay those off

Re: Please Help!

Anonymous — Mon, 29 Jun 2015 15:57:48 GMT

Thank you for your response- I want to just pay them off I'm in such a better place than I was 2 years ago. What are your thoughts about the Target and Midland account? Can both Target and the Collection Account with the Target account report to the CRB.

Thanks

Re: Please Help!

Anonymous — Mon, 29 Jun 2015 16:15:33 GMT

Accept 2 or 3 of the recent offers - whichever ones give the best deal. Pay down the Rooms To Go card and the Secured Card before they start dragging your scores down.

Address medical collections by settling the newest ones first, try to get PFD's. Sometimes you can get the OC to pull items back from collections if you PIF. Work newest to oldest. I would not even worry about the Target account at this point, it sounds like its nearing it drop date.

Overall you are actually in decent shape.

Re: Please Help!

Anonymous — Mon, 29 Jun 2015 16:16:26 GMT

@Anonymous wrote:
Thank you for your response- I want to just pay them off I'm in such a better place than I was 2 years ago. What are your thoughts about the Target and Midland account? Can both Target and the Collection Account with the Target account report to the CRB.

Thanks

Yes, both OC and CA can report. Do you know the DoFD?

Re: Please Help!

Anonymous — Mon, 29 Jun 2015 21:01:16 GMT

Yes, Thank you for your reply - 6/20/07

Re: Please Help!

Anonymous — Mon, 29 Jun 2015 21:24:50 GMT

Thank you so much - I am really trying hard to straighten out this mess of a credit situation. I do want to increase my limit with AMX .. I have been reading about the increase with AMX in 61 days. Can I get a increase with AMX in 61days if I get the CITI advantage credit cards. I really love AMX Surpass. I went over the limit and paid it off the rep assured me it would not tarnish my credit . AMX is the gift that keeps on giving. With a 1k limit, its hard to pay all your bills and everyday needs. After looking at the AMX Gold Business Open - Its looking better as a application try along with Citi and possibly Chase. I am afraid of Capital One. This is really great advice you have given me I really appreciate it.

Re: Please Help!

Anonymous — Mon, 29 Jun 2015 21:41:12 GMT

Interesting.... That should have dropped by the beginning of this year! I would call complain to the CRA's that they have not excluded with in the statutory time period of 7.5 years.

Re: Please Help!

Anonymous — Mon, 29 Jun 2015 22:14:48 GMT

Actually , I am looking at Equifax now and the DoFD is 12/10 and the date of major delinquency is 6/11. However, when looking at the calender of payment reporting.

Target was late the following dates:

opened: 6/2007

late :

3/2009

9/2009

12/2009

9/2010 & 10/2010

1/2011, 2/2011, 3/2011, 4/2011, 5/2011

Charge Off : 6/2011

Re: Please Help!

Anonymous — Mon, 29 Jun 2015 22:28:48 GMT

OK, yeah, that would be the correct DoFD for that CO date and late payment history.

Re: Please Help!

Anonymous — Mon, 29 Jun 2015 23:09:01 GMT

So, this is dropping off 12/2015

Re: Please Help!

Anonymous — Tue, 30 Jun 2015 21:51:07 GMT

@Anonymous wrote:
Actually , I am looking at Equifax now and the DoFD is 12/10 and the date of major delinquency is 6/11. However, when looking at the calender of payment reporting.

Target was late the following dates:

opened: 6/2007
late :
3/2009
9/2009
12/2009
9/2010 & 10/2010
1/2011, 2/2011, 3/2011, 4/2011, 5/2011
Charge Off : 6/2011

Sorry, I should have quoted the above. Equifax's DoFD of 12/10 would be accurate based on the payment history shown. This item should drop off by mid 2017.