topic Re: First Timer in Rebuilding Your Credit

First Timer

Anonymous — Thu, 23 Jun 2016 00:12:58 GMT

I've decided to begin tackling the baddies on my report. I called a collector, paid my whopping $6 bill that was in collections and got a deletion letter on the spot. The office happened to be local so I just went straight there and got it taken care of.

That being said, I don't think removing a $6 collecition is going to help bring my score up. But, it's a start. I have 2 old derogatory accounts falling off this year. My FICO is currently at 642. I'm gardening until futher notice.

My goal is to have a 700 score in the next 5 years lol. I know it's long term- but we have a 5 year plan to sell our current home and move into something bigger. If I reach that goal sooner, I'll bump the goal up.

Re: First Timer

Anonymous — Thu, 23 Jun 2016 00:22:17 GMT

@Anonymous wrote:

I've decided to begin tackling the baddies on my report. I called a collector, paid my whopping $6 bill that was in collections and got a deletion letter on the spot. The office happened to be local so I just went straight there and got it taken care of.

That being said, I don't think removing a $6 collecition is going to help bring my score up. But, it's a start. I have 2 old derogatory accounts falling off this year. My FICO is currently at 642. I'm gardening until futher notice.

My goal is to have a 700 score in the next 5 years lol. I know it's long term- but we have a 5 year plan to sell our current home and move into something bigger. If I reach that goal sooner, I'll bump the goal up.

Welcome to the forum.

Good beginning. If those are the only collections, then you might see 700 sooner.

Re: First Timer

Anonymous — Thu, 23 Jun 2016 00:42:18 GMT

I would think you could see 700 within a year if you put a plan together.

Re: First Timer

gdale6 — Thu, 23 Jun 2016 01:08:57 GMT

Welcome to myFico OP

Re: First Timer

Anonymous — Thu, 23 Jun 2016 03:13:07 GMT

@Anonymous wrote:

I've decided to begin tackling the baddies on my report. I called a collector, paid my whopping $6 bill that was in collections and got a deletion letter on the spot. The office happened to be local so I just went straight there and got it taken care of.

That being said, I don't think removing a $6 collecition is going to help bring my score up. But, it's a start. I have 2 old derogatory accounts falling off this year. My FICO is currently at 642. I'm gardening until futher notice.

My goal is to have a 700 score in the next 5 years lol. I know it's long term- but we have a 5 year plan to sell our current home and move into something bigger. If I reach that goal sooner, I'll bump the goal up.

Welcome to myfico, also if u have good payments and the right amount of revolving accounts and mix of credit and a clean record you will surely be over 700 score within no time I would say less than a year

Re: First Timer

RonM21 — Thu, 23 Jun 2016 16:10:39 GMT

Welcome, and I think you are well on your way to reaching your goals!

Re: First Timer

Anonymous — Thu, 23 Jun 2016 17:08:32 GMT

I would try to have three bankcard revolving accounts to get a good benefit with fico scores to have a nice little bump..