topic Re: Trying to clean up my credit. in Rebuilding Your Credit

Trying to clean up my credit.

Anonymous — Tue, 22 Dec 2015 23:51:41 GMT

I currently have a 596 credit score with Transunion.

6 total accounts -

GM financial - 12,881 - current and new car loan.

springleaf fin - closed auto loan shows paid - 2/23/07
ocwean home load - closed - 4-27-2006
ocwean home load - closed - 9-12-05
NEW CENTURY MORTAGE - 6-15-2006
NEW CENTURY MORTAGE - 6-15-2006

age of credit history = 1 MONTH

5 DEROGATORY MARKS

AWA - $279 - 10-9-2012

AWA - $1,056 - 9-25-14
FINEX GROUP - $1,915 - 6-28-2013

__________________

SUPERIOR COURT - $15,949
BANKRUPTCY - DISMISSED - 6-16-2009

_____________________________________________________________

EQUIFAX SCORE = 666

ACCOUNTS -

GM financial - 12,881 - current and new car loan.

springleaf fin - closed auto loan shows paid - 2/23/07
ocwean home load - closed - 9-12-05
NEW CENTURY MORTAGE - 6-15-2006
NEW CENTURY MORTAGE - 6-15-2006

HOMWARD RESIDENTAL - 4-1-2006

CASHCALL - 3-1-2007

age of credit history = 1 MONTH

2 DEROGATORY MARKS

SUPERIOR COURT - 15,949
BANKRUPTCY - DISMISSED - 6-16-2009

____________________

I have no report from experian.

I am wanting to figure out the best method to start and rebuild my credit.

In the next few months I am going to be paying off the small $200 dollar collection.

Does anyone have any recomendations that I can start do do now to help build my credit?

Any hints suggestions and tips are welcome.

thanks!

Re: Trying to clean up my credit.

Anonymous — Wed, 23 Dec 2015 00:14:32 GMT

If those scores are from credit karma , they are not real scores fyi

Re: Trying to clean up my credit.

Anonymous — Wed, 23 Dec 2015 00:16:09 GMT

You need 3 credit cards to start, if you can't get unsecured ones, get secured onsslles, try the capital one pre-qualify site

Re: Trying to clean up my credit.

Anonymous — Wed, 23 Dec 2015 00:39:08 GMT

Credit Karma also doesn't count closed accounts as part of your average age of accounts (AAOA). So that is going to be longer as well.

Re: Trying to clean up my credit.

SunriseEarth — Wed, 23 Dec 2015 00:40:17 GMT

@Anonymous wrote:
You need 3 credit cards to start, if you can't get unsecured ones, get secured onsslles, try the capital one pre-qualify site

3 CCs can definitely help you get some positive reporting. UTIL is a major factor of scores and 0% UTIL isn't ideal. In addition to trying secured and/or the Cap One prequal, you might have luck with the SCT cards. At least there's no harm in seeing if you're eligible for any. If you do choose those, just be careful that you only obtain those that can be of use to you. Many people go overboard and acquire a lot of useless accounts.

I would definitely attempt PFDs on your collections. If they don't accept, you might see about paying/settling and then sending GW letters.

Re: Trying to clean up my credit.

Anonymous — Wed, 23 Dec 2015 00:46:03 GMT

shamrock, thanks for the info and yes it is a credit karma credit score.

i will look into cap one prequalify.. do you have a link?

Re: Trying to clean up my credit.

Anonymous — Wed, 23 Dec 2015 00:49:53 GMT

Just type it on Google I can't do links right now

Re: Trying to clean up my credit.

Anonymous — Wed, 23 Dec 2015 00:50:36 GMT

Sunrise,

thanks for the response.

what does UTIL stand for?

"UTIL is a major factor of scores and 0% UTIL isn't ideal."

do you have a link for SCT cards?

" you might have luck with the SCT cards."

What does "PFD" stand for? What does GW stand for?

"I would definitely attempt PFDs on your collections. If they don't accept, you might see about paying/settling and then sending GW letters. "

I am new to this so i apoligize.

One thing i can assure you of is, once you explain the termonolgy one time i will pickup on it and you wont have to tell me what it is again.

I am so very happy to already be getting responses. thanks again everyone.

Re: Trying to clean up my credit.

Anonymous — Wed, 23 Dec 2015 00:51:55 GMT

Go on creditchecktotal.com for one dollar you can get all three of your real fico scores, full reports and monitoring for 7vdays, cancel after the week is up and they'll give you the service for half price, 15 a month, then you'll know better what cards you might qualify for

Re: Trying to clean up my credit.

Anonymous — Wed, 23 Dec 2015 00:53:43 GMT

Utilization (also known as UTI). PFD is pay for delete, and GW is goodwill. If you Google shopping cart trick (SCT) you should get some results.

Re: Trying to clean up my credit.

Anonymous — Wed, 23 Dec 2015 00:53:56 GMT

Pfd means pat for delete meaning you agree to pay the debt in exchange for its deletion , under normal circumstances if you pay a debt it's stays on your credit report and continues to keep your score down

Re: Trying to clean up my credit.

Anonymous — Wed, 23 Dec 2015 01:00:58 GMT

Get the fico scores and report back, your actual scores could be higher or lower than the ones you have on credit kara

Re: Trying to clean up my credit.

Anonymous — Wed, 23 Dec 2015 01:04:31 GMT

wow i read a little about this SCT method... interesting.

does anyone have a website or read that is for sure accurate when it comes to SCT?

thanks,

Re: Trying to clean up my credit.

Anonymous — Wed, 23 Dec 2015 01:05:09 GMT

i will use the site you said to get y real credit score.,

Re: Trying to clean up my credit.

Anonymous — Wed, 23 Dec 2015 01:09:56 GMT

I don't understand your sct question, just try a store website that is comenity and see if you get the pop up

Re: Trying to clean up my credit.

Anonymous — Wed, 23 Dec 2015 01:12:47 GMT

i just used credit check total.com

experian = 585

transunion = 590

equifax = 632

i dont have time at this moment to give the details of each account but when i get a little time i will give you the details.

Re: Trying to clean up my credit.

Anonymous — Wed, 23 Dec 2015 16:56:21 GMT

EXPERIAN -

CREDIT SCORE - 585

Credit Used

Revolving Debt - $0.00

Revolving Credit Limit - $0.00

Revolving Credit Usage - 0%

Real Estate Debt - $0.00

Installment Debt - $12,781.00

Total Debt - $17,523.00

Negative Information

Accounts Ever Late - 3

Accounts In Collections - 3

Time Since Negative - 1.3 year(s)

Inquiries Summary

Inquiries- 4

Length of History

Oldest Account - 10.2 year(s)

Average Account Age - 8.1 year(s)

ACCOUNTS

AWA COLLECTIONS

Status - Closed

Balance - $279

Type - Collection

Payment Status - Late

AWA COLLECTIONS

Status - Closed

Balance - $1,059

Type - Collection

Payment Status - Late

CASHCALL INC

Status - Closed

Balance - $0

Type - Installment Loan

Payment Status - Paid

GM FINANCIAL

Status - Open

Balance - $12,781

Type - Installment Loan

Payment Status - Paid

HOMEWARD RESIDENTIAL

Status - Closed

Balance - $0

Type - Real Estate Loan

Payment Status - Paid

J&L TEAMWORKS

Status - Closed

Balance - $3,404

Type - Collection

Payment Status - Late

NEW CENTURY MORTGAGE C

Status - Closed

Balance - $0

Type - Real Estate Loan

Payment Status - Unknown

NEW CENTURY MORTGAGE C

Status - Closed

Balance - $0

Type - Real Estate Loan

Payment Status - Unknown

OCWEN LOAN SERVICING L

Status - Closed

Balance - $0

Type - Real Estate Loan

Payment Status - Paid

SPRINGLEAF FINANCIAL S

Status - Closed

Balance - $0

Type - Installment Loan

Payment Status - Paid

US BKPT CT CA MODESTO

Date Filed - 06/16/2009

Type - Bankruptcy chapter 7-dismissed

Plaintiff

_____________________________________

This is what my Experian report looks like.

Any feedback, tips, hints or suggestions are greatly appreciated.

Re: Trying to clean up my credit.

Anonymous — Wed, 23 Dec 2015 17:16:56 GMT

TRANSUNION

CREDIT SCORE - 590

Credit Used

Revolving Debt - $0.00

Revolving Credit Limit - $0.00

Revolving Credit Usage - 0%

Real Estate Debt - $0.00

Installment Debt - $12,881.00

Total Debt - $16,131.00

Negative Information

Accounts Ever Late - 3

Accounts In Collections - 3

Time Since Negative - 1.3 year(s)

Length of History

Oldest Account - 10.2 year(s)

Average Account Age - 8 year(s)

Inquiries Summary

Inquiries - 6

ANDERSON S TOWING

Status - Open

Balance - $1,915

Type - Collection

Payment Status - Unknown

12 TWO JINN INC

Status - Open

Balance - $279

Type - Collection

Payment Status - Unknown

12 TWO JINN INC

Status - Open

Balance - $1,056

Type - Collection

Payment Status - Unknown

GM FINANCIAL

Status - Open

Balance - $12,881

Type - Installment Loan

Payment Status - Paid

NEW CNTY MTG

Status - Closed

Balance - $0

Type - Real Estate Loan

Payment Status - Paid

NEW CNTY MTG

Status - Closed

Balance - $0

Type - Real Estate Loan

Payment Status - Paid

OCWEN LOAN

Status - Closed

Balance - $0

Type - Real Estate Loan

Payment Status - Paid

OCWEN/HOMEWA

Status - Closed

Balance - $0

Type - Real Estate Loan

Payment Status - Paid

SPRINGLF FIN

Status - Closed

Balance - $0

Type - Installment Loan

Payment Status - Paid

U.S. Bankruptcy Court

Date Filed - 06/16/2009

Type - Chapter 7 bankruptcy dismissed

Superior Court

Date Filed - 05/01/2009

Type - Civil judgement

_________________________

This is my Transunion, it is very similar to Experian score and report.

Re: Trying to clean up my credit.

Anonymous — Wed, 23 Dec 2015 17:27:04 GMT

EQUIFAX

CREDIT SCORE - 632

Credit Used

Revolving Debt - $0.00

Revolving Credit Limit - $0.00

Revolving Credit Usage - 0%

Real Estate Debt - $0.00

Installment Debt - $12,781.00

Total Debt - $12,781.00

Negative Information

Accounts Ever Late - 0

Accounts In Collections - 0

Time Since Negative - Never

Inquiries Summary

Inquiries - 6

Length of History

Oldest Account - 10.2 year(s)

Average Account Age - 8.1 year(s)

CASHCALL

Status - Open

Balance - $0

Type - Installment Loan

Payment Status - Paid

GMFNANCIAL

Status - Open

Balance - $12,781

Type - Installment Loan

Payment Status - Paid

HOMEWARD RESIDENTIAL

Status - Open

Balance - $0

Type - Real Estate Loan

Payment Status - Paid

NEW CENTURY MORTGAGE

Status - Open

Balance - $0

Type - Real Estate Loan

Payment Status - Paid

NEW CENTURY MORTGAGE

Status - Open

Balance - $0

Type - Real Estate Loan

Payment Status - Paid

OCWEN LOAN SERVICING

Status - Open

Balance - $0

Type - Unknown

Payment Status - Paid

SPRINGLEAF FIN SRVCS

Status - Open

Balance - $0

Type - Installment Loan

Payment Status - Paid

US BKRPTCY

Date Filed - 06/01/1620

Type - Bankruptcy: Dismissed CH-7

5949

Date Filed - 12/31/0000

Type - Judgement

________________

This is my equifax score and report, this one is a little better then TU and EXP.

Re: Trying to clean up my credit.

Anonymous — Wed, 23 Dec 2015 19:36:52 GMT

i just got a J Crew account with the shoppping cart trick. $250 - YAY!