topic Re: I have a 473 score, is there hope for me? in Rebuilding Your Credit

I have a 473 score, is there hope for me?

Anonymous — Thu, 19 Mar 2009 14:44:44 GMT

I lost my job and wasnt able to pay my bills for 4 months. My score started from 685 then when I went to look it up today it went down to 473, it says there that I have a public record, I'm not sure what it is yet, but I didn't have any foreclosure or anything like that, I have to check. Please help me, what can I do to improve my score and how many months or years before I can have a fair credit score. I've been good these last years, help!

Re: I have a 473 score, is there hope for me?

Anonymous — Thu, 19 Mar 2009 14:59:02 GMT

Where are you getting these scores?

If you haven't, I'd pull your free annual reports, see link below.

Re: I have a 473 score, is there hope for me?

Anonymous — Thu, 19 Mar 2009 15:28:24 GMT

If it says you have a public record, were you served a summons, you might want to check with your local courts and check the guidlines for being served in your state. Have you moved to another state, and had debts happen in another state? If so check the courts from your previous place of residency and guidelines on being served there also. But as sidewinder said make sure you checked your original credit reports and score to determine what shape you are in.

Re: I have a 473 score, is there hope for me?

fishbjc — Thu, 19 Mar 2009 16:38:49 GMT

There is hope for you! As soon as you get those accounts current and they're updated, you will see a bit of a jump. The farther they are behind you, all the better.

Are you currently employed or still without employment? Did you have insurance on any of these accounts to pay if you were unemployed?

Re: I have a 473 score, is there hope for me?

Anonymous — Thu, 26 Mar 2009 02:20:37 GMT

Lets say if I was reported as 60 days late and next month they will report me current, will I see a jump in my score?

Re: I have a 473 score, is there hope for me?

Coreyswife4ever — Thu, 26 Mar 2009 17:04:08 GMT

Probably not. I thought by me paying my stuff on time for the last 3 months that I would see a jump and I didn't. I'm in the same boat as you are, my score is 474. So whatever you do to boost your credit please let me know so that I can do the same. The one thing I did do was get a secured credit card. I haven't received it yet but I was told that helps. We'll see.

Re: I have a 473 score, is there hope for me?

Anonymous — Thu, 26 Mar 2009 17:16:37 GMT

Sure, please keep in touch, let me know when you receive a change and what you did. I will do the same. I had a payday loan and took 2 months to pay it off but I made paritial payments each month and they reported me 30late for Jan, 60late for feb and my score dropped -54 points. Ouch! I will comeback and let you know if any changes.

Re: I have a 473 score, is there hope for me?

Anonymous — Thu, 26 Mar 2009 17:17:57 GMT

Now remember there is hope. When I started to clean up my report I was at 477.

Re: I have a 473 score, is there hope for me?

Coreyswife4ever — Thu, 26 Mar 2009 17:29:54 GMT

I had some things on my credit report that either I had no knowledge about or the amounts were wrong. I disputed them on 3/02 and experian just sent me an email saying my dispute was complete. When I checked it two of the accounts I disputed were deleted.

Re: I have a 473 score, is there hope for me?

fishbjc — Thu, 26 Mar 2009 17:58:47 GMT

Yes, I lost 49 due to a 30-day late. As soon as it updated as paid, I gained 44. This is a long process so patience is necessary.

Re: I have a 473 score, is there hope for me?

fishbjc — Thu, 26 Mar 2009 18:01:09 GMT

Make sure the scores you're looking at aren't FAKO's. I started at 481, now up to 644 and that includes loads of new credit. You didn't wreck your credit in a day, so this will take time. Possibly a year or two.

The first thing you need to do is get your accounts current and start working those goodwills. A 60day late will probably hurt your score for about two years, but it's dependant upon many other factors. YMMV.

Re: I have a 473 score, is there hope for me?

Anonymous — Thu, 26 Mar 2009 19:00:03 GMT

Fishbjc!You mean in April when they update my account as OK for March, then I should see increase?

Re: I have a 473 score, is there hope for me?

Anonymous — Thu, 26 Mar 2009 19:04:21 GMT

I only get my score at this website. that 30 days and 60 days late was a mistake I did before I joined this forumn. When I pulled my report here in 03/12 they reported me OK for Jan09, just on 03/20 when they updated it to 30days late and 60 for Feb. I planed to buy a house in 2 months, now I dont know when? I am so depress.

Re: I have a 473 score, is there hope for me?

Anonymous — Thu, 26 Mar 2009 19:34:15 GMT

You need to pull your credit reports (www.annualcreditreport.com) and see what is listed on your CR. Can't really offer any advice without it.

If you pulled a myFICO.com report, it should tell you what is listed as collections, public records, etc.

Re: I have a 473 score, is there hope for me?

Coreyswife4ever — Thu, 26 Mar 2009 19:41:48 GMT

KDx, don't get depressed plese don't. I can't tell you enough how I am so with you. I'm trying to purchase a house before November 30th because I want to take advantage of the $8000 tax credit. That's not the only reason why I want to buy a house but it's incentive for me to take care of my business. Have you thought about getting a secured credit card?

Re: I have a 473 score, is there hope for me?

Anonymous — Thu, 26 Mar 2009 20:12:01 GMT

Have faith in the abundance of advice you can get from these forums. Thanks to all that I've learned I've went from a 513 to knocking on 700 in 14 months (687).

It'll take a little bit of time, but G/W, PFD, DV, and pay your accounts on time, there's no big secret, but the roadmap you can get from here is more valuable than you know right now.

Re: I have a 473 score, is there hope for me?

Anonymous — Thu, 26 Mar 2009 20:19:04 GMT

Good luck for you and me.

Re: I have a 473 score, is there hope for me?

Anonymous — Thu, 26 Mar 2009 20:20:35 GMT

If I get a secure card, my score will drop because of inquiry? how long to I expect to see an increase if I have a2000 credit line?

Re: I have a 473 score, is there hope for me?

Anonymous — Thu, 26 Mar 2009 20:29:50 GMT

KDx wrote:
Sure, please keep in touch, let me know when you receive a change and what you did. I will do the same. I had a payday loan and took 2 months to pay it off but I made paritial payments each month and they reported me 30late for Jan, 60late for feb and my score dropped -54 points. Ouch! I will comeback and let you know if any changes.

Ouch! I've never seen a payday loan company report unless you default and they turn it over to a CA.

Tried to GW them if it is paid now.

Re: I have a 473 score, is there hope for me?

Anonymous — Thu, 26 Mar 2009 20:34:51 GMT

KDx wrote:
If I get a secure card, my score will drop because of inquiry? how long to I expect to see an increase if I have a2000 credit line?

What do you have already on your report?

What negative accounts? What positive accounts?

Do you have other revolving accounts? If so, what is the util?

How many inquiries do you have now?

Sometimes it is best to recover from past blemishes before beginning to rebuild.