topic Re: 12 months rebuild in Rebuilding Your Credit

12 months rebuild

Conraddj — Sat, 10 Jul 2021 21:15:48 GMT

hey guys just looking to start some relationships and share my credit journey

started my rebuild on july 14th 2020

started with a 500 experian fico since then ive had

Closed accouts

My jewlers club ($%5000)

Self lender ($500)

Credit union credit builder loan ($500)

Open installments accounts

Grow Credit ($260)

Grain Credit ($600)

Bridgecrest Auto loan ($8718)

Kikoff Lending ($12)

Open revovling lines of credit

Opensky ($400)

Avant ($300)

Elan Visa secured card ($500)

Credit one rewards card ($500)

Victoria Secret ($350)

Overstock ($6500)

Charge offs (2015)

Discover ( $1130)

Wells Fargo ($550)

current fico scores EX 629 TU 651 EQ 632

been in the garden since 1/3/2021

have received mailers from Misson lane and Merrick double your line but i want a Captial quicksilver for good credit not the quick silverone . any advice will be greatly appreciated

Re: 12 months rebuild

FireMedic1 — Sat, 10 Jul 2021 23:15:42 GMT

@Conraddj wrote:
hey guys just looking to start some relationships and share my credit journey
started my rebuild on july 14th 2020

started with a 500 experian fico since then ive had

Closed accouts
My jewlers club ($%5000)
Self lender ($500)
Credit union credit builder loan ($500)

Open installments accounts
Grow Credit ($260)
Grain Credit ($600)
Bridgecrest Auto loan ($8718)
Kikoff Lending ($12)
You only need 1 installment loan open for FICO. Closing these down and the util % will be only applied to 1 account. Not all combined.

Open revovling lines of credit
Opensky ($400)
Avant ($300)
Elan Visa secured card ($500)
Credit one rewards card ($500)
Victoria Secret ($350)
Overstock ($6500)

Charge offs (2015)
Discover ( $1130)
Wells Fargo ($550)
Do all you can to get these settled so they quit updating with a balance monthly. Then they can age and fall off.

current fico scores EX 629 TU 651 EQ 632

been in the garden since 1/3/2021

have received mailers from Misson lane and Merrick double your line but i want a Captial quicksilver for good credit not the quick silverone . any advice will be greatly appreciated

Welcome @Conraddj

You have enough cards to build on for now. Without knowing the open dates of these cards. If you could post the dates you opened them. That would help see where your at and what moves you could or shouldnt do for now. But the main goal for now is to get $0 balances on the CO's either settled or PIF. Fix whats broken first. The bad will always outweigh the good in the FICO world.

Re: 12 months rebuild

Conraddj — Sat, 10 Jul 2021 23:32:11 GMT

Revolvers

Open sky Jul 23, 2020 (11 mos)

Victoria Secret Aug 28, 2020 (10 mos)

Overstock Aug 29, 2020 (10 mos)

Elan Secured Visa Oct 19, 2020 (8 mos)

Credit one Jan 10, 2021 (6 mos)

Avant Jan 03, 2021 (6 mos)

Installments

Grow Aug 02, 2020 (11 mos)

Grain Aug 02, 2020 (11 mos)

Bridgecrest Auto Loan Dec 29, 2020 (6 mos)

Closed successfully

Self Lender Jul 19, 2020 (11 mos) This account was closed on Jun 29, 2021 (12 month term)

Credit union secured loan Aug 28, 2020 (10 mos) This account was closed on Mar 11, 2021 (6month term)

CO's

Discover $1130

Date opened Jul 25, 2012 (8 yrs, 11 mos)

Last Payemnt Jun 05, 2015

Closed Sep 24, 2015

Charged off as bad debt

Dispute resolved; reported by grantor

Wells Fargo $595

Opened Jul 28, 2013 (7 yrs, 11 mos)

Closed This account was closed on Jun 23, 2015

Charged off as bad debt

Dispute resolved; customer disagrees

@FireMedic1 wrote:
@Conraddj wrote:
hey guys just looking to start some relationships and share my credit journey
started my rebuild on july 14th 2020

started with a 500 experian fico since then ive had

Closed accouts
My jewlers club ($%5000)
Self lender ($500)
Credit union credit builder loan ($500)

Open installments accounts
Grow Credit ($260)
Grain Credit ($600)
Bridgecrest Auto loan ($8718)
Kikoff Lending ($12)
You only need 1 installment loan open for FICO. Closing these down and the util % will be only applied to 1 account. Not all combined.

Open revovling lines of credit
Opensky ($400)
Avant ($300)
Elan Visa secured card ($500)
Credit one rewards card ($500)
Victoria Secret ($350)
Overstock ($6500)

Charge offs (2015)
Discover ( $1130)
Wells Fargo ($550)
Do all you can to get these settled so they quit updating with a balance monthly. Then they can age and fall off.

current fico scores EX 629 TU 651 EQ 632

been in the garden since 1/3/2021

have received mailers from Misson lane and Merrick double your line but i want a Captial quicksilver for good credit not the quick silverone . any advice will be greatly appreciated
Welcome @Conraddj
You have enough cards to build on for now. Without knowing the open dates of these cards. If you could post the dates you opened them. That would help see where your at and what moves you could or shouldnt do for now. But the main goal for now is to get $0 balances on the CO's either settled or PIF. Fix whats broken first. The bad will always outweigh the good in the FICO world.

Re: 12 months rebuild

Conraddj — Sat, 10 Jul 2021 23:44:51 GMT

current posted balances

@FireMedic1 wrote:
@Conraddj wrote:
hey guys just looking to start some relationships and share my credit journey
started my rebuild on july 14th 2020

started with a 500 experian fico since then ive had

Closed accouts
My jewlers club ($%5000)
Self lender ($500)
Credit union credit builder loan ($500)

Open installments accounts
Grow Credit ($260)
Grain Credit ($600)
Bridgecrest Auto loan ($8718)
Kikoff Lending ($12)
You only need 1 installment loan open for FICO. Closing these down and the util % will be only applied to 1 account. Not all combined.

Open revovling lines of credit
Opensky ($400)
Avant ($300)
Elan Visa secured card ($500)
Credit one rewards card ($500)
Victoria Secret ($350)
Overstock ($6500)

Charge offs (2015)
Discover ( $1130)
Wells Fargo ($550)
Do all you can to get these settled so they quit updating with a balance monthly. Then they can age and fall off.

current fico scores EX 629 TU 651 EQ 632

been in the garden since 1/3/2021

have received mailers from Misson lane and Merrick double your line but i want a Captial quicksilver for good credit not the quick silverone . any advice will be greatly appreciated
Welcome @Conraddj
You have enough cards to build on for now. Without knowing the open dates of these cards. If you could post the dates you opened them. That would help see where your at and what moves you could or shouldnt do for now. But the main goal for now is to get $0 balances on the CO's either settled or PIF. Fix whats broken first. The bad will always outweigh the good in the FICO world.

CREDIT ONE BANK $5

On time

ELAN FINANCIAL SVCS $1

On time

COMENITYCAPITALBANK/OVER$0

On time

CAPITAL BANK$0

On time

GRAIN TECHNOLOGY$0

On time

COMENITY BANK/VCTRSSEC$0

On time

WEBBANK/AVANT$0

On time

Re: 12 months rebuild

FireMedic1 — Sat, 10 Jul 2021 23:45:48 GMT

@Conraddj wrote:
Revolvers
Open sky Jul 23, 2020 (11 mos)
Victoria Secret Aug 28, 2020 (10 mos)
Overstock Aug 29, 2020 (10 mos)
Elan Secured Visa Oct 19, 2020 (8 mos)
Credit one Jan 10, 2021 (6 mos)
Avant Jan 03, 2021 (6 mos)

Installments
Grow Aug 02, 2020 (11 mos) You can pay these off. They're really not doing to much since you have the car loan.
Grain Aug 02, 2020 (11 mos)
Bridgecrest Auto Loan Dec 29, 2020 (6 mos)

Closed successfully
Self Lender Jul 19, 2020 (11 mos) This account was closed on Jun 29, 2021 (12 month term)
Credit union secured loan Aug 28, 2020 (10 mos) This account was closed on Mar 11, 2021 (6month term)
Great!

CO's
Discover $1130
Date opened Jul 25, 2012 (8 yrs, 11 mos)
Last Payemnt Jun 05, 2015
Closed Sep 24, 2015
Charged off as bad debt

Dispute resolved; reported by grantor

Wells Fargo $595

Opened Jul 28, 2013 (7 yrs, 11 mos)
Closed This account was closed on Jun 23, 2015
Charged off as bad debt

Dispute resolved; customer disagrees
@FireMedic1 wrote:
@Conraddj wrote:
hey guys just looking to start some relationships and share my credit journey
started my rebuild on july 14th 2020

started with a 500 experian fico since then ive had

Closed accouts
My jewlers club ($%5000)
Self lender ($500)
Credit union credit builder loan ($500)

Open installments accounts
Grow Credit ($260)
Grain Credit ($600)
Bridgecrest Auto loan ($8718)
Kikoff Lending ($12)
You only need 1 installment loan open for FICO. Closing these down and the util % will be only applied to 1 account. Not all combined.

Open revovling lines of credit
Opensky ($400)
Avant ($300)
Elan Visa secured card ($500)
Credit one rewards card ($500)
Victoria Secret ($350)
Overstock ($6500)

Charge offs (2015)
Discover ( $1130)
Wells Fargo ($550)
Do all you can to get these settled so they quit updating with a balance monthly. Then they can age and fall off.

current fico scores EX 629 TU 651 EQ 632

been in the garden since 1/3/2021

have received mailers from Misson lane and Merrick double your line but i want a Captial quicksilver for good credit not the quick silverone . any advice will be greatly appreciated
Welcome @Conraddj
You have enough cards to build on for now. Without knowing the open dates of these cards. If you could post the dates you opened them. That would help see where your at and what moves you could or shouldnt do for now. But the main goal for now is to get $0 balances on the CO's either settled or PIF. Fix whats broken first. The bad will always outweigh the good in the FICO world.

The thing thats holding you back more than anything are those still owed CO's. Call and play lets make a deal to settle them. Even closed they are affecting your overall or aggregate revolving util %'s. So theres points you could have back. Least it isnt a lot of $. You dont want it to get too close to the fall off date next year. They may do a last ditch effort and go the legal route to collect before the DoFD hits. Get them in the past. They'll fall off next year peacfully then. You can even do a early exclusion once settled and they show $0 balance next year early. TU - 6 months early EX - 3 months early EQ - 30 days early, but don’t do it. They'll screw it up more. Then the doors will open more for better cards. Good Luck!

Re: 12 months rebuild

Conraddj — Sat, 10 Jul 2021 23:54:25 GMT

I contacted both credtiors and they said the have forgiven the debt in 2017 they mailed a 1099c to confirm, therefore they will not accept any payment on these accounts. You are correct my utilization is being recored each month at %17 which triggers (you've made heavy use of revolving credit). I tried Citi secured and BOA secured in january before i got Credit on and Avant both denied (too many new accounts) i have 6 hard inquires on EX and TU and 0 on EQ. Do you think i have a good shot at getting the Captial one Quicksilver for good credit with what i have shared ? i am looking for something with a SL of $1000 or more for a hotel ill need to book at the end of august

@FireMedic1 wrote:
@Conraddj wrote:
Revolvers
Open sky Jul 23, 2020 (11 mos)
Victoria Secret Aug 28, 2020 (10 mos)
Overstock Aug 29, 2020 (10 mos)
Elan Secured Visa Oct 19, 2020 (8 mos)
Credit one Jan 10, 2021 (6 mos)
Avant Jan 03, 2021 (6 mos)

Installments
Grow Aug 02, 2020 (11 mos) You can pay these off. They're really not doing to much since you have the car loan.
Grain Aug 02, 2020 (11 mos)
Bridgecrest Auto Loan Dec 29, 2020 (6 mos)

Closed successfully
Self Lender Jul 19, 2020 (11 mos) This account was closed on Jun 29, 2021 (12 month term)
Credit union secured loan Aug 28, 2020 (10 mos) This account was closed on Mar 11, 2021 (6month term)
Great!

CO's
Discover $1130
Date opened Jul 25, 2012 (8 yrs, 11 mos)
Last Payemnt Jun 05, 2015
Closed Sep 24, 2015
Charged off as bad debt

Dispute resolved; reported by grantor

Wells Fargo $595

Opened Jul 28, 2013 (7 yrs, 11 mos)
Closed This account was closed on Jun 23, 2015
Charged off as bad debt

Dispute resolved; customer disagrees
@FireMedic1 wrote:
@Conraddj wrote:
hey guys just looking to start some relationships and share my credit journey
started my rebuild on july 14th 2020

started with a 500 experian fico since then ive had

Closed accouts
My jewlers club ($%5000)
Self lender ($500)
Credit union credit builder loan ($500)

Open installments accounts
Grow Credit ($260)
Grain Credit ($600)
Bridgecrest Auto loan ($8718)
Kikoff Lending ($12)
You only need 1 installment loan open for FICO. Closing these down and the util % will be only applied to 1 account. Not all combined.

Open revovling lines of credit
Opensky ($400)
Avant ($300)
Elan Visa secured card ($500)
Credit one rewards card ($500)
Victoria Secret ($350)
Overstock ($6500)

Charge offs (2015)
Discover ( $1130)
Wells Fargo ($550)
Do all you can to get these settled so they quit updating with a balance monthly. Then they can age and fall off.

current fico scores EX 629 TU 651 EQ 632

been in the garden since 1/3/2021

have received mailers from Misson lane and Merrick double your line but i want a Captial quicksilver for good credit not the quick silverone . any advice will be greatly appreciated
Welcome @Conraddj
You have enough cards to build on for now. Without knowing the open dates of these cards. If you could post the dates you opened them. That would help see where your at and what moves you could or shouldnt do for now. But the main goal for now is to get $0 balances on the CO's either settled or PIF. Fix whats broken first. The bad will always outweigh the good in the FICO world.

The thing thats holding you back more than anything are those still owed CO's. Call and play lets make a deal to settle them. Even closed they are affecting your overall or aggregate revolving util %'s. So theres points you could have back. Least it isnt a lot of $. You dont want it to get too close to the fall off date next year. They may do a last ditch effort and go the legal route to collect before the DoFD hits. Get them in the past. They'll fall off next year peacfully then. You can even do a early exclusion once settled and they show $0 balance next year early. TU - 6 months early EX - 3 months early EQ - 30 days early, but don’t do it. They'll screw it up more. Then the doors will open more for better cards. Good Luck!