topic Re: How do I re-build again? in Rebuilding Your Credit

How do I re-build again?

Kinglord — Thu, 30 Apr 2020 05:32:32 GMT

Came into some money and have settled a number of old debts, & almost all of my current good standing. Curious where I go from here... do I just sit and wait for time to fix? Is there anything else I can do to impove scores/profile?

Good Standing & Open

Discover

Citi

Capital One QS #1

Capital One QS #2

Capital One GM

Chase Freedom Unlimited

US Bank

Amex Optima

Merrick Bank

Mission Lane

Capital One Auto Loan

Derogetory

Synchrony #1 - Settled for Less

Synchrony #2 - Settled for Less

Barclays - Settled for Less

Re: How do I re-build again?

Anonymous — Thu, 30 Apr 2020 05:42:30 GMT

Goodwill letter saturation may work: https://ficoforums.myfico.com/t5/Rebuilding-Your-Credit/Synchrony-Bank-goodwill-letter-success-all-lates-removed/td-p/5112464

https://ficoforums.myfico.com/t5/Rebuilding-Your-Credit/The-Saturation-Technique-Best-GW-adjustment-odds/td-p/4727098

https://ficoforums.myfico.com/t5/Rebuilding-Your-Credit/Synchrony-PFD/td-p/5703453

Leaning towards unlikely since yours are SFL. Keep trying and it could though.

I think only other thing will be good habits + aging/time + loan and revolver utilizations

Re: How do I re-build again?

Kinglord — Thu, 30 Apr 2020 05:43:19 GMT

@Anonymous when you say "loan and revolver utilizations" Is that something like Self Lender or something else? Just like another loan?

Re: How do I re-build again?

Anonymous — Thu, 30 Apr 2020 05:48:49 GMT

@Kinglord wrote:
@Anonymous when you say "loan and revolver utilizations" Is that something like Self Lender or something else? Just like another loan?

Search for AZEO on the forums. And search for loan utilization.

Pay down your open loan(s) and you should also see score boost.

You do not need another loan for building credit, only 1, and you already have it, the auto loan.

Re: How do I re-build again?

Kinglord — Thu, 30 Apr 2020 05:57:56 GMT

Gotcha thank you. I'm familiar with the AZEO approach.